Problems with obtaining insurance for new authorit

Discussion in 'Ask An Owner Operator' started by TruckinDave812, Jan 21, 2022.

  1. TruckinDave812

    TruckinDave812 Bobtail Member

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    Short run down... I've been trucking 23 years nothing on my record other then a speeding ticket I got on my motorcycle. And even that was written as a 5 over ticket. Been a lease op for the last half of my career and owner operator for the past 7 years. I've always run under someones numbers but now I decided to get my authority. Contacted multiple Insurance companies and keep getting a run around. Even OOIDA wouldn't even give me a quote just cause under my current business structure my other truck has a driver in it at the moment. Has anyone else run into problems finding reputable insurance when switching to running your own numbers?
     
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  3. Midwest Trucker

    Midwest Trucker Road Train Member

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    Progressive is about your only option. Give em a call.
     
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  4. TallJoe

    TallJoe Road Train Member

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    I can only speculate now but the problem might be the other truck with a driver in it - operating. I would try to open the authority declaring one truck only and then, after a while, add the other truck.

    Other than that, I don't see why someone with this much experience and clean record (is that motorcycle ticket very recent?) would not get quotes.
     
  5. nikmirbre

    nikmirbre Road Train Member

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    Yes, as TallJoe stated, I think the problem is with your other truck/driver.
     
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  6. Jterry2022

    Jterry2022 Bobtail Member

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    I guess I’m not understanding why having a driver in the second truck is a problem?
     
  7. TallJoe

    TallJoe Road Train Member

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    Neither am I but he said that was what OOIDA told him, so if that's an issue for them then it can be an issue for others. Why that is an issue at all is hard to tell.
     
  8. boneebone

    boneebone Road Train Member

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    The reason is too many new fly-by-night ventures in the past were getting their own authority and then bringing on a whole fleet of inexperienced drivers that were involved in numerous accidents which the insurance companies had to pay out in numerous claims.

    So because of that, many insurance companies will not insure new ventures with more than one truck until a year or two has passed by and they show that they are not a high risk.
     
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  9. TallJoe

    TallJoe Road Train Member

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    This is a very reasonable explanation. Thank you for clearing my mind.
     
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  10. SteveScott

    SteveScott Road Train Member

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    When I got my authority a few years ago, they were very clear that I couldn't add additional equipment or drivers for at least 2 years. As @boneebone pointed out, the insurance carriers know all to well how to avoid paying unnecessary claims.
     
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