Cascadia Evolution 2014 - Insurance question
Does anyone know how much would insurance cost for brand new Cascadia Evolution 2014 ($146,000) in California and also insurance for brand new trailer (cost about $40,000)
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I'll bet an insurance agent would know how much the premiums would be................................................ ...............................
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I'm guessing anywhere from 2.5%-6% of value a year. It just depends on your credit, safety scores and claims. Few other variables also.
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If you can afford a brand new truck and trailer insurance shouldn't be a big deal.
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Most insurance companies charge from 2 1/2-5% of the stated value of your equipment. Most seem to pay between 3 1/2-4 1/2%. The stated value is what you say the equipment is worth. You may not get that amount if you have a claim. They will pay you based upon what the equipment is worth at the time of the claim. These rates are for comprehensive or collision insurance. Running your authority you will need cargo and liability insurance in addition to the comprehensive.
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