Truck insurance, full coverage. What are you paying?

[Eddie B]

What are you paying to insure your truck/trucks? Who is your insurer? I'm paying $4,344 a year for full coverage on a '92 2500 pickup with Nationwide. It seems like I'm paying too much. Age makes a big difference too I guess. I'm young.

[A+ Lawncare]

Bailey..

i was payin around $2k for insurance on my ranger b4 the accident (17 y/s old), i have no idea what it will be now... :fearful: of what it may be now!

but $4k for truck insurance sounds outrageous

[Scapegoat]

$1032 a year, full coverage on 97 F-150 (8cyl). State Farm.

[A+ Lawncare]

I think bailey would be better off gettin basic insurance if his insurance is $4k a year... a '92 2500 series can be had for about $5-6k

[GrassBustersLawn]

BAILEY

Dump the "full coverage"...COMPREHENSIVE (fire & theft) & COLLISION (collision...duh!) on a 1992. No reason to carry it on a truck that old. Insurance is on ACTUAL CASH VALUE BASIS and the ACV on a 92 truck is going to be about $2,000. Just carry LIABILITY on a car/truck over 7 or 8 years old.

I have 2 trucks...2001 F-150 & 1998 F-250...I still have FULL COVG on both...costs me about $1538 PER YEAR for $1 million liability & $250 Comp & $500 Collision deductibles. Insurance goes by TERRITORY RATING...and you are out there by all the EAST COAST CRAZY PEOPLE in NY & NJ & MA, so I'm sure that is part of the reason yours is so HIGH!

Mike

[Eddie B]

The truck is being financed, so I must have full coverage. A+ Lawncare, at age 17 you are covered under a parent name. at age 17 I was paying 2,300 per year under my parents, same company. I have a history of 1 faulty accident, 1.5 years ago, which would also cause a price increase. They just increased my insurance $950 more per year, never told me why. I'm looking for a cheaper way out of it. The truck has ran into $5,200 in repair costs since purchase, and is worth a lot to me now with all the new parts (engine, tranny, front end, etc.)

Kelly blue book values:

Trade In= $4,050
Private Party= $5,405
Retail= $6,850

Its an extended cab 3/4 ton

[RedWingsDet]

im 17. gotta 01 chevy 2500hd, its in my name, not parents so its even more... but its 2400 a year for full coverage with 300 deductiable. not to bad for being 17 imo

[Eddie B]

im 17. gotta 01 chevy 2500hd, its in my name, not parents so its even more... but its 2400 a year for full coverage with 300 deductiable. not to bad for being 17 imo

Who is the insurer?

[RedWingsDet]

Who is the insurer?

state farm....

and on my old ford I had, it was only like 90 a month for plpd. that was saweeeet, but i got in an accident and they didnt cover it...

but ya I have state farm on my chevy

[RedWingsDet]

oh and if you get a 3.0 it deducts money off too.... and last quarter I gotta 3.1, which is really good for me, so I saved a little cash there... nonetheless, if you get a 3.0, you save cash, so let your insurance co. know.

[kc2006]

I'm paying 1400 i think a year for a 96 f250. When I switched it to commercial it only went up 50 bucks a year. I only used to drive 6,000 miles a year (its a great way to save on gas money, either I don't go places or I have friends drive :D ) and when I talked with the insurance company I said to make it full commercial and I'd expect to only drive 12,000-15,000 a year. I believe this is with geico or progressive, I'm under 25 single, just no tickets.

Insurance is such bs on vehicles, I had a 88 s10 and when I bought the 96 powerstroke my insurance actually went down 150 a year.

[Eddie B]

oh and if you get a 3.0 it deducts money off too.... and last quarter I gotta 3.1, which is really good for me, so I saved a little cash there... nonetheless, if you get a 3.0, you save cash, so let your insurance co. know.


I'm 19, graduated in 2003

I'll look into state farm and some others.

[Mike's Yard Services]

Not sure where that is even possible..seems 17 is barely old enuf to buy yer own Happy Meal without notes from Mom and Dad........but seriously....both trucks......1710.00 plus biz insurance add'l 77.50/mo

[Mike's Yard Services]

Do need to add my Encore Z48 I just acquired....and upgrade equipment coverage...seems too low right now........

[RedWingsDet]

Not sure where that is even possible..seems 17 is barely old enuf to buy yer own Happy Meal without notes from Mom and Dad........but seriously....both trucks......1710.00 plus biz insurance add'l 77.50/mo

my ma had to cosign my truck and that was it... my name is still on my truck and insurance in my name.

trust me its possible because I did it. Maybe it varrys state to state, but prolly not

[Mike's Yard Services]

How do you get a customer to sign a legally binding contract.....mowing or blowing or pushing with blade....you are 17.................don't know any state that would stand up in a contractual dispute......your LLC has only minors listed?.............................com'n Mark....what's the deal?

[Mike's Yard Services]

Can your mom push snow?.............j/k

[RedWingsDet]

How do you get a customer to sign a legally binding contract.....mowing or blowing or pushing with blade....you are 17.................don't know any state that would stand up in a contractual dispute......your LLC has only minors listed?.............................com'n Mark....what's the deal?

I dont have them sign a contract simple as that. Right now im doing a 28k install. No contract, they gave me half upfront and they pay half at the end. None of my customers know im 17. most think im atleast 22.

the business is in my pops name because they wouldnt let me get it in my name, and luckly my dad was with me when I went to lansing to get the llc or else I would have made a useless trip because they wouldnt let me put it in my name until I was 18.

Plus around here NOONE uses contracts, it scares people away around here.... only time people do is for commerical lots... and all my lots are owned by freinds and family and I have no need to make them sign a contract.

in this business its more of WHO you know, now what you know, and then its How MANY people you know.... and those 3 things have helped me out tremendously!

[Mike's Yard Services]

Mark the crowd around here appreciate the straight story to begin with..........and most realize what to believe and what to have reservations about, not saying you lied however you seeem to have abit of deceptive manner..... customer thinks 22,no contracts, 28k install?.............f the only way to protect yourself and if something happens and you trying the only 17 can't touch me you will be jacked by some judge for "deceptive business practices" not to mention FRAUD..........(Worse case scenario....some joker ends up with Mom and Dad's house because of something you do). PLEASE consider this since your mom and dad are obviously involved but more importantly..........THEY ARE RESPONSIBLE FOR YOU!.............Good luck

[Mike's Yard Services]

Someone gave you 14k...no contract nothing................omfg..............them folks there are about as dum as it gets apparently.....and don't hand me the trust crap answer I don't part with 14k without paperwork etc.and I certainly would not be out sopending 5 or 6k on materials etc.....without any paper either.

[RedWingsDet]

Mark the crowd around here appreciate the straight story to begin with..........and most realize what to believe and what to have reservations about, not saying you lied however you seeem to have abit of deceptive manner..... customer thinks 22,no contracts, 28k install?.............f the only way to protect yourself and if something happens and you trying the only 17 can't touch me you will be jacked by some judge for "deceptive business practices" not to mention FRAUD..........(Worse case scenario....some joker ends up with Mom and Dad's house because of something you do). PLEASE consider this since your mom and dad are obviously involved but more importantly..........THEY ARE RESPONSIBLE FOR YOU!.............Good luck

Well I've known this customer a while, and know there wont be a problem, after this install the most expensive install im doing is going to be 9k, until im 18 and have it all in my name.... Last thing I need is something to come crashing down and have it all be my parents fault when it really is mine, but just because my pops signed that paper its his house thats goin up for sale... so I see what your saying, however everything has special circumstances.

man you make it seem like im trying to cheat the system some how. im not im just working with what I have... I plan on being very sucessful in life, and only way to accomplish that IMO is start young, which is what im doing.... Hell I started at 14 pushing 6 driveways a storm

[kc2006]

Yea i'm with Mike, thats very scarey to do a 28K dollar job with no contract. Thats alittle insane actually. My luck I'd get f'd and never see the other 14K at the end. "What are you talking about, we had a friend do all the landscaping here, we don't even know you" i'd cry.

[RedWingsDet]

Yea i'm with Mike, thats very scarey to do a 28K dollar job with no contract. Thats alittle insane actually. My luck I'd get f'd and never see the other 14K at the end. "What are you talking about, we had a friend do all the landscaping here, we don't even know you" i'd cry.



hey I see where you guys are coming from. a 17year old with a 28k install. Next time around I'll have a contract, but next time around ill be 18 so its all good. but I know these people are good for it, you should see there house. They drop 20+ grand like its nothing

[all ferris]

how bout pics of the "28k install"
I'll believe it when I see it.

[BOTURF]

iam about the same as grassbusters for a 01 chevy 3500 and a 96 3500 very very close to his a million liab on both as there business trucks , insurer is state farm and we just got news today that sf was lowering rates in indiana by over 5 % so thats a plus

[kc2006]

hey I see where you guys are coming from. a 17year old with a 28k install. Next time around I'll have a contract, but next time around ill be 18 so its all good. but I know these people are good for it, you should see there house. They drop 20+ grand like its nothing

I'm up for adoption, ask them if they want to adopt me.

[RedWingsDet]

how bout pics of the "28k install"
I'll believe it when I see it.

ill get some when I start next week. I just got the job yesterday and get the cash monday and hopefully start it by weds at the latest. but ya ill get pix no prob

[trimmasters]

I can believe it. I was Incorporated before i was 18. I don't know how my lawyer did it and didn't ask. I cant believe what you guys are paying on insurance. in 2000 on a 1999 Chevy 2500 4x4 I was paying 595 a year with Eire. I have to laugh to myself when my friends tell me they pay 2K ++

[Runner]

I was just informed by my agent yesterday that since I switched companies (same agency), the new company wouldn't handle my trucks under a private policy. I have to have a "commercial" policy. This is costing me $1800 per year for 1. '77 Chv. 1 ton, and an '89 3/4 ton 4 whl dr. P/U. Can I do better? I have had a regular policy for the 21 years I've been in business. I was paying around $800 per year for both trucks.

[Mike's Yard Services]

Mark I never implied you were cheating of any sort....I just think it shows some indiscriminate stretching of facts and being straight.....and yes "deceptive business practices " will get you bannedfrom ever holding a biz license or permits etc...........FOR LIFE IN SOME STATES. Mainly I think you need to keep learnign and do the best you can but remember that it all is moot if things go bad......and yes I'd start contracting and get legal all around. Mike
Good Luck

[lqmustang]

I have a 99 F250 insured commercially with State Farm for about $370/half. 250k/500k liability, 250/500 comp/collision. I've been with them for a long time so I get a number of discounts in there also.

[RedWingsDet]

Mark I never implied you were cheating of any sort....I just think it shows some indiscriminate stretching of facts and being straight.....and yes "deceptive business practices " will get you bannedfrom ever holding a biz license or permits etc...........FOR LIFE IN SOME STATES. Mainly I think you need to keep learnign and do the best you can but remember that it all is moot if things go bad......and yes I'd start contracting and get legal all around. Mike
Good Luck


im as legal as i can be right now. the business is lisenced and registered and all that, just not in my name, next year it'll be diff. only 8 months until im 18

[Fantasy Lawns]

I have 1M on my work trucks .... one of my commercial demanded such a big amount ... but even with $500k was only little more .... n they pay fore it anyway

State Farm .... $1500 yearly per truck .... a 92 Chevy Crew Cab & 95 2500 Ram

[ALarsh]

I'm going to be 16. 2004 Ford Ranger is $1440 a year at state farm.

[J-Dubb]

$500.00/year for full coverage.

1997 Chevrolet 1500 4x4

[qualitylandscaping]

My daily driver.. $9760 per year.. 100,000/300,000 full coverage with plowing, glass, and $500 deductible..

2004 Ford F-350 FX4

[Runner]

I'm paying around $1600 a year for just a PL/PD coverage on a '77 Chev. 1 ton stake, and an '89 Chev. 3/4 ton 4x4. This is a commercial coverage. This is through Auto Owners Insurance Co..

[farmerphilco]

im 17. gotta 01 chevy 2500hd, its in my name, not parents so its even more... but its 2400 a year for full coverage with 300 deductiable. not to bad for being 17 imo


Tell me how you have a vehicle in your name and you aren't 18 yet?

[farmerphilco]

I'm paying around $1600 a year for just a PL/PD coverage on a '77 Chev. 1 ton stake, and an '89 Chev. 3/4 ton 4x4. This is a commercial coverage. This is through Auto Owners Insurance Co..


You should shop Runner, auto owners is very high compared to the companies I deal with in regards to commercial coverage.

[bigjeeping]

What are you paying to insure your truck/trucks? Who is your insurer? I'm paying $4,344 a year for full coverage on a '92 2500 pickup with Nationwide. It seems like I'm paying too much. Age makes a big difference too I guess. I'm young.


HOLY CR*P... This was the first post I read and I just had to reply..
4,322!!!!! WAHHHHHHHHHHH 2 years of paying insurance at that rate and you could buy another used truck! I'd take my chance and put the least ammount of coverage on that thing as possible.. maybe $70/month or less!

[bigjeeping]

im as legal as i can be right now. the business is lisenced and registered and all that, just not in my name, next year it'll be diff. only 8 months until im 18

I know it's been a couple months since mark has replied to this thread but I'm still waiting for the pics of that 28k install!!!!!!!!!

[lqmustang]

Tell me how you have a vehicle in your name and you aren't 18 yet?

I owed a vehicle when I was 16, in my name. There isn't any law that says someone under 18 can't own a vehicle.

[RedWingsDet]

Tell me how you have a vehicle in your name and you aren't 18 yet?

Maybe its different in MI than your state. Ive had 3 cars in my name (my dakota and f150). 2 when I was 16, sold those and now this.

[RedWingsDet]

I know it's been a couple months since mark has replied to this thread but I'm still waiting for the pics of that 28k install!!!!!!!!!

damn bro, your right. I forgot about that. I'll have to go back and get some pic's one of these days.... BTW, whats the name of your co?

[farmerphilco]

I owed a vehicle when I was 16, in my name. There isn't any law that says someone under 18 can't own a vehicle.

Sir, you did it 21 years ago. Times have changed. A person must be 18 years of age to enter a legal contract these days. Putting a vehicle in your name is entering into a legal contract with any state.

[RedWingsDet]

Sir, you did it 21 years ago. Times have changed. A person must be 18 years of age to enter a legal contract these days. Putting a vehicle in your name is entering into a legal contract with any state.

lol dude, want me to go get my freakin title and scan it in for you?

Trust me man, here in MI, you can be 16 and have a car in your name

[lqmustang]

Sir, you did it 21 years ago. Times have changed. A person must be 18 years of age to enter a legal contract these days. Putting a vehicle in your name is entering into a legal contract with any state.

I fully understand that you can't enter into a legally binding contract until you are 18. I have never seen tho where a contract was needed to own a vehicle? Yes I'm 37, but I still don't have a contract with the state to own my vehicles. My wife didn't even have a license when she bought her first car. Granted, that was a few years ago also. I also have title to a camper and a personal watercraft, there sure isn't any contract with the state for those titled vehicles either. Show me the law where it says owning a vehicle enters you into a legally binding contract.

[RedWingsDet]

I fully understand that you can't enter into a legally binding contract until you are 18. I have never seen tho where a contract was needed to own a vehicle? Yes I'm 37, but I still don't have a contract with the state to own my vehicles. My wife didn't even have a license when she bought her first car. Granted, that was a few years ago also. I also have title to a camper and a personal watercraft, there sure isn't any contract with the state for those titled vehicles either. Show me the law where it says owning a vehicle enters you into a legally binding contract.

I think it might be different in MI. I have had a bunch of stuff in my name, trucks, trailers, wave runner. Never have had a problem with it and be being under 18. I think MI might be a little more lenient towards motor vechicles, because I've also noticed when I went to some other states to buy some cars with my bro, that they had inspections, we dont have that here either.