New DOT and MC #'s Insurance

You can get that physical damage premium way down with a cheaper truck, or just pay cash for the truck and not finance that $30k, and go naked on the physical damage. That's half your annual premium. Is the new truck really worth it?

 

In Colorado Progressive quoted me $3,700 a year if paid in full for $750k Bodily Injury/Property but that does not include any comp/collision for the truck.

 

People who post cheaper rate with progressive, what's your operating radius? With them it's usually under 500 miles in Michigan for the first year

 

Im in VA, my agent is in VA.

I also found that some agents are wary of quoting new MC's, so they drag their feet (happened to me)

My agent cold called me, after my MC was issued, got me a valid, cheaper quote, in 20 mins, as compared to others who took 2 weeks ... Go figure??

Wrt to limits, Im on standard limits, with 500 mile radius. This does not mean I'm limited to 500 mile runs. He told me that as long as i do not make it a habit, then its cool (oh, and make sure i don't get DOT inspected outside of the radius, else it will be noted on renewal time, lol)

Finally, most people complain about high quotes, and dont take into account their stated vehicle values, their preferred deductibles, age of equipment, driving record etc.

I have 1 speeding ticket, 20yr old truck ($15k stated), 10yr old trailer ($9K stated), standard limits, $1000 deductible. That puts me at $1500/mo policy.

 

I have unlimited radius, $1M liability, $100K cargo, $30K trailer interchange,$15k physical damage. ~13k annual, give or take.

 

First year? In what state?

 

I am wondering what your age is?

 

40-45

 

New authority and "new" CDL holder (1 year). Looking at ~$17,200. Includes $1m/$2m agg GL, $1M auto, $100K cargo, $2M umbrella, $1M occupational accident (OOIDA), $250k life insurance policy. Also includes comprehensive and collision on both the tractor (2001 T2000) and trailer (new Utility dry van). Based in NC.