Question on truck insurance

So Mark, was any of those leads working for ya.. ?

 

Thanks, but no luck. as I already posted the only coverage avilable is a 500 mi radius policy with Progressive for the princely sum of $12,900 w/o physical dmg. I guess I'm going to buy it. I'll have an $1100 truck note and a $1400 insurance note... WOW, it's like being 16 again...

 

Hello!


Could anyone recommend insurance company for trucking business in St Louis, MO?
Thank you.

 

That is for Physical damage. Its not for liability which is the part that costs so much.

 

If you lease on with a company will you use their insurance or have to obtain your own?

What about if you have full coverage but then lease on with a company does your insurance cover you or will you be forced to use the company's insurance that you signed on with?

 

if you lease on you only need bobtail and collision , liability and cargo will be paid by whoever you are leasd to

 

Check on that 500 mile radius. I insure my equipment that way, as they have a % of how much of your time is spent within the 500 mile radius. I am allowed to wander, as long as the bulk of my time is within that 500 mile range, which it normally is.

Mike

 

I was told that I'd be allowed to go out of radius 4 times per year and be covered. I've found a company to lease to that has cargo for $145 weekly which is $7500 a year. If you include the physical damage and bobtail thats $5500 less than getting my own insurance.

 

Mark so if you wanted to lease on to a company that runs 48 states you would be held hostage by the insurance co. situation?


They really should consider your past experience.

 

i have a 1 million liability
1 million general umbrella
$100,000 cargo
$25,000 collision

500 MILE RADIUS

$4,782 a year northland ins. Co .