Cheapest insurance for new owner operator ?
#11
Board Regular
Thread Starter
Join Date: Jul 2008
Location: Nashville, TN
Posts: 321
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.
#12
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
Senior Board Member
Join Date: Jun 2007
Location: Iowa
Posts: 505
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
Board Regular
Thread Starter
Join Date: Jul 2008
Location: Nashville, TN
Posts: 321
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. |
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