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Vehicle INS HELP!!!

Discussion in 'Business Operations' started by DBLC, Jul 8, 2002.

  1. DBLC

    DBLC LawnSite Member
    from AR
    Posts: 130

    I currently have my vehicle ins with Unoin Standard. (as well as my liability, workers comp, shop ins, etc.) The problem is that this year they are going up 30% on the vehicle ins. I have a 99 super duty ford f 250 with full coverage and my other 4 trucks only have liabilty coverage. I pay $4,720.00 a year for coverage on 5 trucks that is KILLING me!!!!!!! Can anyone offer suggestions, other ins co., or even tell me if I am getting a good deal or being ripped off?? I really need help on this bad, so all help will be HUGE to me!!!!:dizzy:
  2. KenH

    KenH LawnSite Bronze Member
    from CT
    Posts: 1,622

    I understand you have to compare apples to apples, but I am paying 3800 for 2 trucks.
    Try shopping around, just make sure you compare same coverages.
  3. WatkinsLawn

    WatkinsLawn LawnSite Member
    Posts: 40

    I'm going to shop around at the end of my policy period. Mine went up 40% to $4200.00 for three trucks and one van.
  4. Hawkeye5

    Hawkeye5 LawnSite Senior Member
    Posts: 295

    Ken is correct, you have to go out and get some other quotes, that is the only way to know if you are paying a fair price, also, there is a world of difference between AK and CT in auto rate levels. Union Standard is a WR Berkley company and I know Berkley has had significant losses overall. On you're '99, raise the comp and collision deductibles up to $1000 and you can save some good money in premium. The insurance industry as a whole lost money for the first time ever in 2001, so not only should everyone prepare to pay more for business insurance but also for personal insurance. JD
  5. LawnLad

    LawnLad LawnSite Senior Member
    Posts: 738

    Depending on vehicle cost, about $800 to $1200 a truck with snow plow coverage for commercial coverage sounds about right. You're paying $940 on average...

    You can shop around, but almost all companies have raised rates. Particularly with new customers. Relationships with some agents help, but only so much.
  6. DBLC

    DBLC LawnSite Member
    from AR
    Posts: 130

    Thanks for all you comments & advice!! I have been busy mowing so that is why I took so long! I will spend Thursday & Friday calling and suffing the net!! THANKS agian! I love Lawn Site!!!:D
  7. landman

    landman LawnSite Member
    from NJ
    Posts: 110

    WOW! I'm insuring my trucks there, we have 4 F350 dumps 1 F250 pickup, 1 GMC6500 and an International2900 dump and we are paying $19,800 per year.
  8. Hawkeye5

    Hawkeye5 LawnSite Senior Member
    Posts: 295

    Yeah, but you're in New Jersey, perhaps the worst auto market and one of the highest priced in the entire US!! JD
  9. Brickman

    Brickman LawnSite Bronze Member
    Posts: 1,249

    Blame the price increase on 9/11. I am not joking. My insurance when up too. I am not sure the percentage tho. When I asked the agent she said that since 9/11 writing insurance has been challenging to say the least. If you read the fine print in your policy it will have a terrorism disclaimer that was not there last year.

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