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hot shot insurance help?

Discussion in 'Ask An Owner Operator' started by itia2018, Sep 21, 2018.

  1. Sep 21, 2018 #1
    itia2018

    itia2018 Bobtail Member

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    Sep 21, 2018
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    i want to start a hot shot business any ideas on insurance thats 20000?
     
    itia2018, Sep 21, 2018
    itia2018, Sep 21, 2018
    #1
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  3. Sep 21, 2018 #2
    colorado18spd

    colorado18spd Medium Load Member

    396
    297
    Mar 10, 2013
    0
    colorado18spd, Sep 21, 2018
    colorado18spd, Sep 21, 2018
    #2
  4. Sep 21, 2018 #3
    itia2018

    itia2018 Bobtail Member

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    Sep 21, 2018
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    omg they are the ones sayin 20,000 and i know it has to be something less than that for a box truck or sprinter van? right?
     
    itia2018, Sep 21, 2018
    itia2018, Sep 21, 2018
    #3
  5. Sep 21, 2018 #4
    colorado18spd

    colorado18spd Medium Load Member

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    297
    Mar 10, 2013
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    I was quoted 7k, liability, cargo and full coverage for the truck and trailer.
     
    colorado18spd, Sep 21, 2018
    colorado18spd, Sep 21, 2018
    #4
  7. Sep 21, 2018 #5
    itia2018

    itia2018 Bobtail Member

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    Sep 21, 2018
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    ok will im not doing something right then.
     
    itia2018, Sep 21, 2018
    itia2018, Sep 21, 2018
    #5
  8. Sep 21, 2018 #6
    Grumppy

    Grumppy Trucker Forum STAFF Staff Member

    3,051
    10,341
    Dec 11, 2010
    West Monroe, La
    0
    In '05 my ins on our truck & trailer with liability & cargo was $9,000. In '06 it was $8,000. I dont remember who I had in '05 & it was a local company in '06. This was for a business based in Louisiana.
     
    Grumppy, Sep 21, 2018
    Grumppy, Sep 21, 2018
    #6
  9. Sep 21, 2018 #7
    itia2018

    itia2018 Bobtail Member

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    Sep 21, 2018
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    i dont know.. could it be because im a new venture?
     
    itia2018, Sep 21, 2018
    itia2018, Sep 21, 2018
    #7
  10. Sep 21, 2018 #8
    colorado18spd

    colorado18spd Medium Load Member

    396
    297
    Mar 10, 2013
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    it will vary from state to state and what's your driving record like, go to the hotshot trucking forum and look up @flatbedcarrier
     
    colorado18spd, Sep 21, 2018
    colorado18spd, Sep 21, 2018
    #8
  11. Sep 24, 2018 #9
    itia2018

    itia2018 Bobtail Member

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    Sep 21, 2018
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    thank you all for the help...
     
    itia2018, Sep 24, 2018
    itia2018, Sep 24, 2018
    #9
  12. Oct 1, 2018 #10
    Big Road Chris

    Big Road Chris Bobtail Member

    26
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    Oct 1, 2018
    Salt Lake City, Utah
    0
    Hi itia2018,

    First, congrats on taking the steps to get going with your Hot Shot biz!

    There are definitely many factors that go into the premium the insurance company is wanting to charge:
    1. New venture - probably your biggest factor
    2. Driving experience, age, marital status
    3. The types of cargo you haul
    4. How far you drive from home base
    5. What kind of deductible you're willing to accept
    6. many other factors

    Is this a 6-month or 12-month policy?
     
    Last edited: Oct 2, 2018
    Big Road Chris, Oct 1, 2018
    Big Road Chris, Oct 1, 2018
    #10
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