Owner Operator Insurance after 1 year

I’m a local hauler with 2 million dollar insurance,. I haul 73 thousand pound everyday and all day. I’m on my third year.
I don’t know over the road rates, but first year in bussiness through progressive I paid 7100 bucks, second year it went down to 6000. Just paid in full for my third year 2 weeks ago and my rates went down another thousand dollars. Actually a little more. 4900 bucks. Talked to my agent and she said it will most likely go down again next year. Expect to pay a lot first year In bussiness. Like I said, I’m with progressive and I even had an accident which I took out a Volkswagen but it wasn’t my fault.
Just FYI, progressive isn’t that bad compared to other rates. Mine are cheaper if not the same as other truckers I know that have Ben in bussiness for years. If you have Had infractions on your regular drivers license, then go to get commercial vehicle insurance, your gonna get bad rates. I have a flawless driver history. So moving to another carrier won’t help even if you can find another insurance carrier

 

I know that Otr drivers pay a lot more than I do but you should get renewal a few months before hand and see the savings. Did you get anything in the mail yet. It will still be tough to find another carrier after one year, but like I said, the rates keep going down dramatically each year with progressive if you keep your nose clean

 

Yessir. Probably at least another year but I only know what I know so I’m sure someone else will chime in soon. You guys otr insurance rates are ridiculous man. I hate that

 

Well I didn’t see much of a drop renewing into year two. But I did receive a fmcsa letter at 1.5 years in saying we are no longer consider a new entrant company but a permanent company. So maybe that’ll help at renewal going into year 3.

 

I just got a quote today for 13.5. 1st yr in business I was very happy

 

I get screwed in California for insurance. My first year was $22k and my renewal is currently at $18k. Progressive won't even look at new ventures out here until the 3rd year.

 

I'm in cali too Ya Progressive told me no as well. Ooida called today with the $13.5 price