Insurance?

[Rookie at 53]

Hi Everyone,
My insurance is going to renew this March can anyone tell me what the going rate is for a Owner Operator? I fell like I might be paying to high. I'm not sure. I run about 30 states and I am paying about $7,500.00. Can anyone give me a little help? Is that the going rate or can you tell me where to find it cheaper?

Thanks,
Charles

[Bigray]

I am not a O/O yet, but earlier this year i was calling around getting quote's ...10400.oo for me and my tractor is a is a 01. prolly high because i am from FL. as well

[GMAN]

I assume from the rate you quoted that you are running your own authority? My insurance was with Northland. I am in the process of changing to a different company. They used to be the cheapest. That isn't necessarily so any longer. I will let you know when I get some of these other quotes back. Where do you live? Does that rate include liability and cargo only or collision? I paid about $6,000 per truck last year for liability, cargo and collision.

[RostyC]

How long have you had your CDL? and authority? My first year with own authority is 6954.00 after two years it should drop some. That's with Northland.

[Rookie at 53]

Thanks everybody for your help. I live in Texas and the quote included lib, cargo and coll. I guess I will shop around a little bit more. G-man if you get a cheaper quote let me know I would appreciate it.

Thanks,
Charles

[GMAN]

I will let you know what I find out, Rookie at 53.

[sidman82]

Gman, I just got a quote from Northland for $6900. Thought is was a little high. That was truck & trailer. Both 04's

I too, am shopping for a new provider. If you find something let me know also.

I am changing because I will be moving to GA very soon. Better rates then NY! I 'll have my house there in a few days, and I will begin to change address's for everything.

[GMAN]

I just spoke with an insurance company today. She is still looking for a better rate for me. So far her rates are not much different that others that have given me a quote. I did find out something rather interesting while talking with her. Rates in Alabama are much higher than some other areas of the country. I was really surprised their rates would have been any higher than Tennessee, Georgia or any of the other surrounding states. Where you house your equipment can make a major difference in premiums. I do think we are beginning to see more of a buyers market in insurance. Some are more in a mood to negotiate a lower rate according to one insurance broker with whom I spoke.

I will be glad to pass along any good rate that I receive. Perhaps if we start sharing good rates and follow up with these companies we can all get better pricing.

[sidman82]

I was going to suggest that. Tell the agent you have other interested partys and we can get a better rate.

Sounds good to me. If I come up with anyone I will also pass it along.

[scooter777]

I just renewed my insurance for another year, $6200.00 for liability, cargo and collision, down from $6700.00 I paid last year thru Hub International out of Salt Lake City UT