Insurance rates on your vehicles

Discussion in 'Business Operations' started by zz4guy, May 2, 2007.

  1. zz4guy

    zz4guy LawnSite Senior Member
    Messages: 901

    What kinds of rates are you guys getting for your truck/trailer?

    I am getting charged $450/yr for my 92 2500 and a 14' trailer. Liability only. I'm 27, single, homeowner, never had an accident. No tickets in last 5 years. Also no employees; I'm a solo part time operator.

    The truck was only $200/yr when I insured it on my personal policy but it shot up to $400/yr when I told them I use it for business. It's $50/yr more for the trailer.

    This is my biggest fixed cost after advertising and I have a feeling I'm getting raped. Why should it double? What are your rates for your trucks?
  2. prosperity

    prosperity LawnSite Member
    Messages: 92

    My 2003 pickup went from $360 per year to $420 per year for business -

    That's with 100k/300K liability and collision/comprehensive

    What my hardest hit was my commercial liability and equipment insurance......

    (that includes my trailer with the truck)
  3. zz4guy

    zz4guy LawnSite Senior Member
    Messages: 901

    Wow, WITH collision/comp huh? I am getting raped. Gonna have to do some shopping...
  4. Fantasy Lawns

    Fantasy Lawns LawnSite Bronze Member
    Messages: 1,912

    Wow .. I wish mine was under a grand .... my quad cab full cover include trailer n equip is $1600 per year with Progressive ...not too many carriers down here fore lawn guys on vehicle

    I do have a 1M coverage ...due to my UPS contract ..n they pay extra fore this ....about 1/3 my yearly bill is added "extra" onto them
  5. caddison

    caddison LawnSite Member
    Messages: 23

    Anytime you have a commercial exposure your rate will reflect the exposure. In a commercial exposure you are out more, may have more frequent stops and more exposure in more areas. There is also a difference for business use vs commercial. Depending on the area and the use rate can vary a lot.

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