Insurance premium on new truck

with now? Seems like they could give you a quote pretty quick and accurate to your situation

No one. Just thinking on buying a tractor/trailer . Trying to figure out if hauling grain can even pay for new equipment.

Got to add it all up so I know how much cash I will have to borrow to cover insurance, down payments, ... I know last time I got a quote it was from ooida. Think it was 9k or something on a 25k truck. So I am just figuring that truck for 160k is going to have a hefty premium on it. I am just wanting to know if anyone has a newer truck so I can have an idea of what the premiums are.

Ooida takes several weeks to give a quote.

I know. That is why I'm getting insurance quote ahead. I have no clue what insurance on a new truck costs.

I would haul ag but then I have to install wetkit and tear up a new truck.

I was looking at a ad here for 17 with delete. But then I have to trust that person who did delete knows what they are doing. Done been through that nightmare. Good price on trucks though.

I guess I'll call my insurance and check. They only do damage etc , no freight , but I don't need freight anyway. It will be high but at least I'll have an idea.

Dan Eischens

A wet kit would require me to come up with more cash for that install plus probably month more in truck/trailer payments out if pocket.

It would be doable if I can find a lender that will loan me unsecured business cash. Not sure if that is going to happen with all these covid loans going out.

I have not checked with any brokers about end dump loads around these parts.

Locally lots of dirt and road stuff but that don't pay. All the salt contracts for winter is already grabbed up by two companies here. That made me good money as company driver.

I have very cheap Insurance, some of ya will say what? I have a old but good truck 1993, i have no tickets or wrecks and am 45 years old.....Full coverage on rig and liability on trailer is 840/month.. Progressive through Farm Bureau... If you are young and truck is new and you live in a blue state near a city I can see why it is double of what mine is... And about the grain hauling I just don't know..I have broke many pencils trying to figure it out..I cant understand how these guys hauling for 2.50 are doing it.. Need at least 3.00.....Any how I went a different route than grain running.. Good luck..

I talked to them. On 165k truck they said around 4 -5 k a year if I run under another's authority that has a decent safety record.

I can live with that.

Now just need to find a loan. Got 28k in bank. Will need most of that to get going and run until cash flows in. I doubt SBA would fund me. But there is a couple other options.

I found a place that only funds truck drivers for startups, equipment etc. Family owned. Unfortunately I deleted the page from browser and can't find the place now.

Oh well, got to keep on working at it.

My plan is to not fold. But even if I run my own tractor/trailer getting my own loads and it just can't pay the bills, I can always lease on to a decent outfit . But I see no reason why I can't make enough to pay the bills. Likely ain't gonna get rich but I ain't gonna get rich working a 9-5 job. So only change is I won't be home every day. Been doing that anyway for last 6 years.

Got a little job now. I do nothing. 5 mph up the shoulder of highway in a small dump truck. 15 an hour. If it was full time instead of not and no work if bad weather , I'd keep this job. But it don't pay the bills. But it sure is easy money.

thanks.

There's more money in gravel than grain but yes it's harder on the truck

I'd still put a wet line on your truck that way you are more versatile

Grain is not cheap...Its up about 50% from a year ago..These brokers and rates are plumb ridiculous..

I run under my authority with a 16 Freightliner and a 19 Wilson hopperbottom I bought new.

I stay in my "lane" 500 mile radius, that's also all I pay for in insurance radius, 1 million liability and 100k cargo costs 15,250/year.