Insurance companies will pretty much base their decision on how long you have had your CDL in the U.S. My insurance company wants to know of all experience a driver has before they will insure them. They also require at least 2 years experience. Some who lack the required experience have started with Progressive. I would just call a few insurance companies and see what they say.
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Originally Posted by GMAN: He didn't even mention that it was hard to get insurance or anything. (we are close friends) |
Hmmm youl probably have to ask Steve on that 1...he is the only one I know that just got a CDL, got his own Auth, then started pulling freight...as for me the Ins Co., Western Ins, just wanted proof how long I had my C.D.L.; easy to verify.
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Question,so you want to run under your own authority or lease your truck onto a company?
It would be a little easier to get on with a company than running under a 300 mile restriction with your own authority. |
Originally Posted by mike3fan: |
Originally Posted by jegzus: Originally Posted by mike3fan: |
Originally Posted by jegzus: Originally Posted by GMAN: He didn't even mention that it was hard to get insurance or anything. (we are close friends) I don't think anyone is saying that you can't get a CDL, buy a truck and start running under your own authority. However, most will not underwrite anyone who doesn't have a couple of years experience. There is one loophole in the system. Some states have an insurance pool. The way it works is several insurance companies go in together and underwrite a percentage of the coverage. For instance, lets say you have 5 insurance companies and each one assumes 20% of the risk. My insurance agent told me about this program. I am not sure it is available in all states, but she told me that any insurance agent or broker should be aware of it in their respective state. Steve and a few others have been able to get their insurance through Progressive. They will insure the liability portion of your insurance but will usually restrict your travel to somewhere between 300-500 miles of your home base. I believe Steve was able to work something out with another insurance company shortly after securing insurance with Progressive. If I were you, I would ask your friend where he found insurance. |
Thanks Gman for the info, and I will ask him the next time he is home.
Mike care to tell me a little more about landstar, you can PM me if you'd like. |
Originally Posted by mike3fan: Originally Posted by jegzus: Originally Posted by mike3fan: Reason I asked, was considering them myself, and have been doing a lot of inquiries into them everytime I see a landstar driver and mostly 90% positive feedback....no where I have seen is 100% Well I'm struggling to average 1.25 and most say they are averaging appx 1.50 and dont have trailer maitence like I do. Say Mike....n |
Originally Posted by pepe4158: Originally Posted by mike3fan: Originally Posted by jegzus: Originally Posted by mike3fan: Reason I asked, was considering them myself, and have been doing a lot of inquiries into them everytime I see a landstar driver and mostly 90% positive feedback....no where I have seen is 100% Well I'm struggling to average 1.25 and most say they are averaging appx 1.50 and dont have trailer maitence like I do. Say Mike....n They have sent my print outs of the load boards for the area I would like to run and I've seen some pretty good loads going out and back hauls coming back in. Most loads in my area are 1.70+ and most are pretty light as well. I would really like more info about landstar because I don't think I'm ready to take on my own authority right now. |
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