Is that all coverages combined? We're paying $8,600 for $1M liability, $150k Reefer Cargo & Breakdown, $50k Physical Damage on the tractor and $33k physical damage on the reefer. The liability is only $4,584 of the total premium. My agent says there should be a big drop in premiums when my wife hits the 7 years experience mark in a couple years. Still, what we pay now is nearly $2,500 less than what OOIDA was quoting.

 

Well, Washington State will get what's coming to it when they lose tens of thousands of trucking jobs when the big and medium (and maybe even small) carriers all pack up and leave the state.

I just want my money. Interstate owes us $34k and hasn't paid us a dime in quite a few weeks. Tuesday I'm probably calling OOIDA to see if they can motivate IDC to fork over the cash. Of course there's always their broker bond and the van of theirs I still have sitting out back, but those wouldnt cover half of what they owe me.

 

I have $1 million liability and $100M cargo. I only pay about $400 or so for collision. I only have collision coverage on one piece of equipment. I pull flats and step decks so I don't need to worry about reefer coverage. I have a shipper that wants me to haul for them but they require $250,000 cargo. My insurance would increase about $700/year for the increased coverage. I can't see paying the extra premium until I know how much business they will do with me. I believe cargo runs about $700 on my current policy, so that means that I am paying about $3,000 for liability. I am only estimating from memory. I will need to check the actual policy for the exact numbers, but I think these figures should be close.

I used to have insurance with OOIDA, but they are much higher than I can get elsewhere and some of the brokers that I do business won't take their insurance. I think they quoted me a little over $6,000 for the same coverage. The company I am with has consistently given me the best rates. I do check with other insurance companies each year when it comes time to renew. So far, I have not found anyone who can beat their prices. The only thing that I remember that they require of drivers is that they have a minimum of 2 years driving experience and a clean mvr. I don't have anything on my record and that helped push the rate down.

 

I am sure they thought that they had Interstate and some of those other companies by the short hairs. I hope they lose billions in tax revenue because of their decision to shake those companies down. These short sighted government bureaucrats don't seem to think about the consequences of their decisions.

I am sorry that you are having difficulty collecting your money from Interstate. That is a lot of money. Hopefully, OOIDA can help you to get your money from them.