New Owner Operator Few Questions

Discussion in 'Questions From New Drivers' started by 1arko23, Dec 28, 2020.

  1. 1arko23

    1arko23 Bobtail Member

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    He had no experience, just finished school and bought a new truck. Same with myself. I guess I will have to wait and see the quote for myself.
     
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  3. 1arko23

    1arko23 Bobtail Member

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    He had no help from anyone other than going on the road 2 times with a friend and a beat up truck. He just has a great work ethic and doesnt believe in any achievement overnight. He went in with both feet and the awareness that he will work hard 3 - 5 years to get closer to his plan. He may have gotten lucky but we also came to America with a little bag and clothes on our backs from former Yugoslavia as immigrants. 20 years later we have a house, paid off cars, and live normally. We are both of normal intelligence and hard work ethic. Also staying out of debt and credit cards are used and paid off every month. No connections. My wife never dispatched before but learned the business quickly and he doesn't drive cheap loads. Life is an adventure and this seems to be next :)
     
  4. OldeSkool

    OldeSkool Road Train Member

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    That’s kind of a debatable topic. For a 1 truck O/O an LLC can actually be a bad deal according to progressive insurance. It makes your insurance higher and doesn’t do any good in a crash because the lawyer will simply sue the business and you personally as the driver. An LLC is a good idea for somebody that owns several trucks and hires drivers to protect his personal assets in the event one of them has an accident. If you decide to go on your own, I would check with your insurance company before just getting an LLC.
     
  5. Scooter Jones

    Scooter Jones Road Train Member

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    I guess I'm thinking, why don't you ask your father-in-law these questions? I mean he seems to be pretty successful at it in such a short time according to what you've written.

    How could anyone here tell you what your truck insurance would be? There are so many variables when it comes to that, etc.
     
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