Cheapest insurance for new owner operator ?

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  #11  
Old 07-27-2008, 10:27 PM
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Originally Posted by GMAN
There really isn't any such thing as "cheap" truck insurance, even for those of us who have been at this for some time.
Actually, I should have named the topic, "What insurance company is the best choice for a newbie trucker." I would imagine a company that would insure a newbie for coils and for longer distances than 500 it would be worth a couple hundred extra, if I could get jobs that would cover the increase.
 
  #12  
Old 07-27-2008, 10:46 PM
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Without experience you are likely to have restrictions on what you can haul and where you go. Most insurance companies seem to check how long you have had your CDL not where you have worked. I have had my insurance company ask me where my drivers have worked, but don't think they have checked. I believe that you can haul a certain percentage of loads outside of your radius with Progressive. However, they will want you to stay within your mileage restriction for most loads. Even within a 500 miles radius there are good opportunities.
 
  #13  
Old 07-28-2008, 12:43 PM
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When I was thinking about getting my own authority I checked on insurance.

I could get insurance with no mile limits through Northland for about $900 a month. I called the other day and now with 6 months experience driving the rate dropped to $825.
 
  #14  
Old 07-28-2008, 02:42 PM
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I called a few agents northland had listed they all said the same thing. No one insures new drivers you have to get two years experience with an over the road company before they will insure.

I guess that is why so many local companies want two years verifiable driving experience before they hire.
 
  #15  
Old 07-28-2008, 08:45 PM
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I called another 10-15 places this afternoon and none insure new drivers. I called OOIDA and they don't either.
I guess he is stuck with a 500 mile radius for a couple of years.
 
  #16  
Old 07-28-2008, 11:05 PM
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Depending on where you live, having a 500 mile limitation may not be so bad.
 
  #17  
Old 07-29-2008, 12:39 AM
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It could be worse. At least it keeps him out of Florida and Texas for the most part.
 
  #18  
Old 07-29-2008, 03:46 PM
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Try calling these people

http://www.cb-sisco.com/trucking/
 
  #19  
Old 07-29-2008, 06:47 PM
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They are a broker for many companies and the agent I spoke with said progressive is the only co that they represent which covers new drivers.
 
  #20  
Old 07-29-2008, 07:16 PM
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