Insurance For New DOT

Topic 24735 | Page 1

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Samuel C.'s Comment
member avatar

Hi, I bought a truck and I am trying to become an owner operator. I need insurance to activate my DOT but trucking insurances are asking me a ridiculous amount for downpayment (8000 + ) insane. I am 25 years old, 2 years experience and a clean MVR. Any insurance place recommended?

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

DOT:

Department Of Transportation

A department of the federal executive branch responsible for the national highways and for railroad and airline safety. It also manages Amtrak, the national railroad system, and the Coast Guard.

State and Federal DOT Officers are responsible for commercial vehicle enforcement. "The truck police" you could call them.

MVR:

Motor Vehicle Record

An MVR is a report of your driving history, as reported from your state Department of Motor Vehicles. Information on this report may include Drivers License information, point history, violations, convictions, and license status on your driving record.

Big Scott (CFI Driver/Tra's Comment
member avatar

You need to look up. OOIDA or sign on as an independent contractor with a company.

OOIDA:

Owner-Operator Independent Drivers Association

Who They Are

OOIDA is an international trade association representing the interests of independent owner-operators and professional drivers on all issues that affect truckers. The over 150,000 members of OOIDA are men and women in all 50 states and Canada who collectively own and/or operate more than 240,000 individual heavy-duty trucks and small truck fleets.

Their Mission

The mission of OOIDA is to serve owner-operators, small fleets and professional truckers; to work for a business climate where truckers are treated equally and fairly; to promote highway safety and responsibility among all highway users; and to promote a better business climate and efficiency for all truck operators.

Big Scott (CFI Driver/Tra's Comment
member avatar

Also, your question shows you made the wrong choice in becoming an O/O. You barely have the experience and obviously did not research it well.

Bobcat_Bob's Comment
member avatar

Not to beat a dead horse but I that should have all been lined up before buying a truck. How ever I would try a website more aimed at owner operators.

That was one reason I didnt buy my own limo, getting a million dollar policy took a large down payment.

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

PackRat's Comment
member avatar

That sounds about the right figure for someone with no experience. Just buy a truck on a whim?

Tractor Man's Comment
member avatar

C'mon guys. Buy your own Truck..........make big bucks, right?

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D's Comment
member avatar

Try here https://www.truckinsuranceaaa.com/tips-to-help-you-when-making-an-truck-insurance-decision/

Also OOIDA has some options on their website.

You're gonna want to go to another site for O/O questions.

OOIDA:

Owner-Operator Independent Drivers Association

Who They Are

OOIDA is an international trade association representing the interests of independent owner-operators and professional drivers on all issues that affect truckers. The over 150,000 members of OOIDA are men and women in all 50 states and Canada who collectively own and/or operate more than 240,000 individual heavy-duty trucks and small truck fleets.

Their Mission

The mission of OOIDA is to serve owner-operators, small fleets and professional truckers; to work for a business climate where truckers are treated equally and fairly; to promote highway safety and responsibility among all highway users; and to promote a better business climate and efficiency for all truck operators.

Sid V.'s Comment
member avatar

That seems really high, but maybe it's because you're 25. Mine was 6k first year and I had 2 yrs of exp with an accident.

You should have got insurance before you bought the truck. I don't even know how they let drive it off the lot without it.

I use pro guard out of Inverness, Illinois. You can give them a try but they're probably just as high as everyone else.

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