35000 is what I was quoted. I’m 20 years old and would be new authority pulling a flatbed under 300 mile radius in Kentucky.
New DOT and MC #'s Insurance
Discussion in 'Ask An Owner Operator' started by SteveScott, Jul 13, 2018.
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whoopNride Thanks this.
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I agree it's a huge amount, but I'm only going to finance $30k on the new truck and trailer and pay for the balance in cash. The contracts that I have lined up will be generating a gross of $22k per month, and I hope to expand on that within 6 months. I guess we'll see how it all pans out.
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My CDL is less than 2 yrs old
My MC is only 6 months old
Im with progressive @ $1500/mo
What else you not telling us???? -
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What state are you in?
How long ago did you get the policy from progressive? Since you have an MC that is 6 months old I'll assume that's about the same time you obtained the Progressive insurance. Did it ever occur to you that just maybe they changed their underwriting guidelines "AFTER" you bought your policy?
What are the policy limits on your policy?
What else haven't YOU told us?whoopNride Thanks this. -
A friend of mine just renewed his policy with Progressive. He moved from Colorado to MN. They jacked his rate initially from around 16k a year (2018 KW & flat bed trailer) to over 20k.
He was incredulous and started digging and calling around.
What he discovered was instead if going through Progressive directly, a more competitive rate can be obtained through a "preferred agent". He found one in the Minneapolis area who signed him on, through Progressive, with the SAME coverage for right around 14k a year.
Go figure...
My coverage is also underwritten through Progressive. I live in Oregon. Have a 2016 Volvo 670 & 2016 Utility dry van. My rate in 2018 after a 15% pay in full discount was $7800 for the year.20 Mule Team and whoopNride Thank this. -
Based in Miss. -
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