Ready to add second truck need opinions

Discussion in 'Trucks and Trailers' started by lawn guy, Aug 2, 2006.

  1. lawn guy

    lawn guy LawnSite Member
    Posts: 71

    I am ready to add a second truck to the mix, Should I Register it in my name or the business? Does it matter?
    Should I notify insurance company of all drivers that will use truck?
    Should I notify insurance company of use for business?
    How much would it cost to insure lets say a 95 S-10 or something similar?
    are there any other questions that I should be asking before I make this move?
    any guidance would be appreciated
     
  2. LLandscaping

    LLandscaping LawnSite Bronze Member
    Posts: 1,016

    You must notify the insurance company and tell them it is for business use.
     
  3. PerennialSuccess

    PerennialSuccess LawnSite Member
    Posts: 53

    Check Progressive.com for personal quotes, fairly good estimates and very quick to do. As far as business insurance, I really don't know of any online places that give instant quotes. I know that as the GVWR goes up, the price is going to go up quite a bit.
     
  4. mowerman90

    mowerman90 LawnSite Bronze Member
    Posts: 1,490

    LawnGuy,

    Legally you should already have commercial insurance. If you don't and you are involved in an accident while towing your equipment, your insurance company could refuse to pay! Commercial insurance will be about 1/3 more expensive than personnel insurance. I was carrying Allstate but switched to Progressive and saved over $500 per year, so it does pay to shop around.
     
  5. DuraCutter

    DuraCutter LawnSite Senior Member
    Posts: 806

    Mowerman is right.

    It's only when a bad accident happens that most people realize there are exceptions where you're insurance can refuse to pay.

    That could leave you bankrupt and without a home if it's a bad accident.

    Don't take a chance. I believe the insurance call it unknown risks. People lie to insurance and don't declare what they do with vehicles.
     
  6. nobagger

    nobagger LawnSite Gold Member
    from Pa
    Posts: 3,065

    Same boat here, but I am waiting until next season. We only have about 3 months left in this season so I can suck it up until then. But you should already have commercial liability on your truck and yes you have to notify your insurance agent that you are adding another truck and who will be driving it. But sit down when he gives you the price,lol
     
  7. J&R Landscaping

    J&R Landscaping LawnSite Fanatic
    Posts: 5,096

    I've gotten quotes from quite a few different companies. Shopping around is your friend on this topic!
     
  8. lawn guy

    lawn guy LawnSite Member
    Posts: 71

    Shopping around is a good thing but how do you shop when you havnt puchased the truck or not sure who the driver will be. I dont want to buy the second truck and then find out its to expensive to run it ;)
     
  9. RedWingsDet

    RedWingsDet LawnSite Gold Member
    from Detroit
    Posts: 3,556

    I've heard of people buying trucks in their name and leasing them to the company.

    Also, get commercial auto insurance, its legal and its CHEAPER.
     

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