Insurance costs at my age?

Discussion in 'Business Operations' started by Husky03, Oct 23, 2004.

  1. Husky03

    Husky03 LawnSite Senior Member
    Messages: 432

    How much can I expect to pay for insurance at my age? I am 16 so I will have to put it under my parents name. How much more is this going to make the price go up? I just want have insurance on other people and there property not on my equipment. I want it to be as cheap as possible because I do not mow that many lawns since I am still in school. I should be able to mow a few more next year since I will have my new commercial mower, but I still will not be able to do more than 15 accounts or so.

    Thanks... :)
  2. PR Fect

    PR Fect LawnSite Bronze Member
    Messages: 1,076

    Husky, I'm sure costs very from state to state. But I can tell you we pay around $300.00 a year for 1 Mill liability. Thats threw a American Family Agent.
  3. Husky03

    Husky03 LawnSite Senior Member
    Messages: 432

    Thats All ;) I figured it would be much more than that. How much is your deductible if something happens?

  4. Stuttering Stan

    Stuttering Stan LawnSite Bronze Member
    Messages: 1,504

    I pay about 550/year for 1 million, and a ddeductible of 250. Erie Insurance is the best in my area.
  5. MacLawnCo

    MacLawnCo LawnSite Bronze Member
    Messages: 1,847

    American family wrote a pollicy for me when i was your age. It wasnt more then $400 a year with equipment coverage and $2mil GL
  6. walker-talker

    walker-talker LawnSite Platinum Member
    from Midwest
    Messages: 4,771

    Equipment coverage is around $3 a month for every $100 of coverage. For around $12,000 in equipment coverage and $1 Mil liability, $2 Mil agg....around $600 a year.
  7. Husky03

    Husky03 LawnSite Senior Member
    Messages: 432

    What is "agg"?

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