Startup insurance costs for the Owner Operator?

I meant the op. @Ronman105

 

Here is some numbers from my start up so far for insurance.
Pay 10 months at 1600 and 3300 start up. So basically your first and last month to start and 10 payments after. I am in Missouri with less than a year on CDL @ 42 Years old. Better call insurance companies and get an easy quick quote. I would be scared to death if getting my own authority with only 20K. If you are leasing with someone then maybe be ok. Don't forget the small stuff if you are starting out with nothing.
Chains, Straps, Printer, load board, tolls,ELD, and so on. Also remember it takes 4 weeks to get active so you better have an extra month worth of running expenses for truck and insurance.

 

If you can get a line of credit or some extra credit cards or something to help out would make life easier but Cash is King at the end of the day. Good luck on getting going.

 

I would lease on , depending on where he lives. You could make 50k after fuel and companies cut in 5 months. Then do it.

 

You really have to contact your insurance company.

Where you live has a lot to do with your rate.

 

Call Mitchell from integrity insurance. I have a reckless on my MVR and I'm a new start up and I'm only paying 18000 a year. Best I found. Plus I'm out of Chicago

 

Where you live plays a big factor, driving record and experience. I was paying around $12k first year

 

Lease on with a smaller carrier, way less headaches. I'm leased to a company with 6 trucks total. My insurance is $114 a week. I own the truck they own the trailer, trailer is pretty much mine I always pull same one. It's a rgn. They handle a lot of the paper work that I dont have to mess with or chase money down.