Question for O/O

Discussion in 'Ask An Owner Operator' started by Bfr38, Nov 13, 2018.

  1. Gdog66223

    Gdog66223 Road Train Member

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    It can be with taxes... i mean u got like $2500 in renewals you gotta do each year... plus insurance renews and they always monitor you... luckily I havent had any claims thank god..
     
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  3. superhill56

    superhill56 Light Load Member

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    True but if I can do it anybody can. I don’t have 2yrs experience yet so my insurance is through the roof. I’ll be at 2yrs in February.
     
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  4. Gdog66223

    Gdog66223 Road Train Member

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    how much are you paying per month
     
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  5. superhill56

    superhill56 Light Load Member

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    Hold on to your chair.......
     
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  6. superhill56

    superhill56 Light Load Member

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    $4265. Progressive is bending me over. My first year was at $2800 a month then I got a $3,000 claim last year and they jacked it up to $4,000. They just doing it because they are the only company that will insure a driver under 2yrs experience.
     
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  7. Rideandrepair

    Rideandrepair Road Train Member

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    Ok I’ve been running the #s for fun. It seems 4354 miles driven in 7 days puts you at least .50 hrs over 70 given 1.75 hrs for p/u del and 1.75 hrs for pro that’s running right at 65 mph. Better recheck your numbers as Scooter is right. Maybe start with adding the miles for said runs. I came up with total miles of 3097 not 4354
     
  8. Gdog66223

    Gdog66223 Road Train Member

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    Sweet Jesus!!!! I can see Progressives belt buckle from here bending you over... $4265 a month for Insurance... I pay $1200... HOW! Sweet Jesus!!
     
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  9. superhill56

    superhill56 Light Load Member

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    Exactly. And I have one more payment due in January and I’ll have it paid off and haven’t touched a penny of savings so that’s why I said if I can do it anybody can. My truck trailer and trailer is paid off so that’s really my main expense.
     
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  10. Gdog66223

    Gdog66223 Road Train Member

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    but still that is a lot of money just pretty much giving it away... and everybody thinks factoring is bad... I bet your down payment was like 10k
     
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  11. Rideandrepair

    Rideandrepair Road Train Member

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    200 mile rate is different than 500 mile rate You gross $600 on 200 miles spend $100 on fuel. Net $500 for day. I gross $2500 on 1250 mile 2 day run spend $625 on fuel Net $937 for each day. That’s why.
     
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