Which Insurance comp. offers cheapest prices

Physical Damage is based on a percentage of the value you are insuring for all trucks / trailers...it typically runs in the 2%-4% of the insured value. Example would be: $100,000 in value = $3,000 cost per year in Physical Damage coverage if the rate was 3%. On the post you do not say what your deductible is however if it is $1000 you could possibly see what the cost savings are by raising it to $2500 - ONLY if you are comfortable with the additional risk.

 

Do your current drivers have issues? Regardless, new driver is likely going to be Progressive. There may be some smaller companies but rating is also important. Have never heard of Progressive being denied by a customer.

 

I have progressive as of now until feb 2nd my renewal was crazy going from $24,000 to $34,000 a year 4 trucks full coverage on them and trailers I have a million/100,k cargo and that's $190,k physical none of us have tickets and the newest driver is 8 years on the road

 

I use northern capital. Cost me 150 a month for liability and 50 for bobtail.

 

According to my agent, that has changed. Apparently while building their commercial truck market with high risk policies over the past few years, they have incurred higher than expected claims (duh). They are evolving their risk portfolio into more of what the more established players in the market are running.

My agent is seeing huge increases in premiums across the board from Progressive. The renewal quote I got in the mail Friday rewards me with a 16% increase and is being shopped for renewal in March. Our CSA score is 76 on two trucks and we're claim free. In May our CSA score will drop to about 40, barring any negative inspections in the mean time.

He also mentions they are not renewing, or even canceling carriers with even minor claims, or more than two substantial violations (7-10 points range) on their CSA report during the year.

 

That is rough. Not sure who new drivers are going to turn to. Sure you will be able to find insurance but will it be accepted.

We avoided a major increase this year because of our move. Less than 4%. But would have been 9% had we stayed in IL.

And to think some on this forum scoffed at me when I said insurance companies would be using CSA scores to rate carriers.