Question about 2 car hauler

Who is your insurance through? That's crazy! I was quoted brand new at $6000 for a year... 1,000,000 liability and 750,000 cargo... I upped the cargo to 750,000 from the normal 500,000. Not sure what it's supposed to be but it sounded right.

 

You sure you were quoted the right policy? That's the cheapest I've ever heard of. I had an agent call one time and I thought it was my lucky day, quoted me 4500/yr, only to find out that he quoted me as a local towing company not commercial truck liability

 

Very well may have been wrong, luckily it was only a quote. I'll call today and let ya'll know what they say.

 

I run that exact lane daily with 5 10 car trucks and 1 4 car flatbed. If you can stay loaded round trip with tolls and fuel, proper insurance and all that goes with it. You might make a couple hundred a day. A commercial vehicle towing a trailer of more than 10,000 lbs according to NY and CT requires a class a license. Good luck.

 

Last year it was Great West, this year it is American Fire and Casualty, and even though it is high I am happy it is not higher. We have $1M public liability, blanket cargo for $500,000 per occurrence, physical damage on all units, $1M in commercial liability, $1M in garage keepers legal liability (for our two storage/parking lots), and $75,000 in on-hook liability (to cover the three flatbeds with wheel lifts).

I second Terry's thoughts, you got a really low quote at $6k, heck my brother who had 12 years in car haul before taking a county job for 6 years paid $12,000 for his pickup/wedge last year when he reactivated his authority and is paying $18k this year for his tractor/6 car trailer, and he has a spotless record for those 12 prior years and no losses last year with the pickup.

 

We just got our renewal today. $74,000 for 5 10 car trucks 1 4 car rollback. 3,000,000 total liability and 600,000 cargo. I'm happy with that.

 

That is a great deal Ziggy, especially since you run CT/NJ/Metro NY, if I ran Ct mine would be much higher as well. Haven't seen your trucks in a while, guess CT to NJ has been keeping you busy. Stay Safe.

 

We usually have a couple loads at the Meca every Monday and Tuesday. Besides that it been busy as hell. Need another driver like usual. But that being said I have a great insurance guy and only about 1.9% increase this year. I'm happy as hell. How's things going there??

 

Things are going ok, not exactly thrilled with some of the changes since Ready came into the picture but we have learned how to adapt. We are also thinking of adding a dedicated two car driver and maybe putting the Volvo back on the road with a Sun Country 5 car behind it and hiring another driver for that unit. We have been overwhelmed with large suv and truck units, I think it would really help to have that trailer.
BTW, Chuck is a great insurance guy even though we were able to beat his quote I will check with him again at renewal time. The only insurance I am having a real hard time swallowing is our worker comp, PA wants 14% on interstate truckers, my friends with tow trucks and repair shops only pay 7% and they are working in live traffic! Go figure.

 

Our workers comp is $17.34 per hundred now. Soon going to almost $24.00 per hundred. They say it's all trucking is going up