Running your own authority can you purchase insurance bi-annually.

Year round.

 

Very well could be. Many variables. Location housed,filings needed,mileage radius, amount and type of policy, driving record,experience, commodity hauled, etc, all make a difference. Mine is about 600 a month for 1 million vehicle liability,50,000 cargo, 20 grand in collision, 1 million general liability. North Florida.

 

I love forums, but the overwhelming amount of bad information seems to only be rivaled by the bad advice given.

1. If you lapse your coverage, you will have a difficult time getting a competitive rate in the future.
2. You are require to maintain min levels of coverage and your insurance agency must file a mcs 90 on your behalf to keep your MC active.
3. You can rescind you authority at any time, and you can re-activate your authority for $80. ( I have a friend who goes to Portugal every winter, but I'm not sure if he rescinds or just pay his insurance to maintain an active MC?)
4. Most insurance companies will sell you what ever coverage you want for what ever length of time you want. I change my levels of coverage regularly, sometimes weekly. If I'm gonna carry a $500k piece of equipment, I bump cargo up. When I took Nov off to hunt, I dropped everything to min's and comp on my truck. (saved $400)

If you are thinking about running part time, maybe you should consider being a seasonal o/o position if you already own a truck, employee if you don't? Or find someone to run the other 6 months, maybe they would be an employee or maybe even a partner so you wouldn't have to find them loads, bill, etc?

 

I work about 6 to 7 months a year. I don't take 6 months off in one stretch. Maybe a few weeks here and there. Don't really consider myself part time. Working spot dry van rates are only good about 6 months, so-so another 3 months, and terrible don't even leave the house another 3. I never suspend any insurance. Just pony up and keep the coverage for 12 months. Because you need to be able to roll out at the drop of a hat any time. Or at least I do. One needs to be flexible in when taking time off. There's really no 6 month block where rates are all good then a 6 month block where they're bad. You have to keep in the game year round and pick your weeks off here and there as they come to you. Now from early July to late September is generally the pits for me. Probably the only stretch where I might not work for "months" at a time.

 

Going off of what your situation sounds like, your best bet would be to lease on with a large carrier. That way you have zero off time costs.