Do operator truck drivers owner the right to require liability insurance? The insurance for my commercial vehicle (1M liability) costs about $ 700/month with about $ 2,000 down. Is this a high price?
I know that I wear to require insurance companies and the DMV-IRP, I show proof of insurance to get my registration. If I had to go several months without insurance, would it be illegal? How can I make if I did not shoot more?
I am filing bankruptcy and get a job at entry level so I must continue to pay these high premiums. The charges used to pay well, but since about December, it is not possible to run a profitable truck unless you're a large company.
First, the insurance company is required by law to contact your DMV expiration of your coverage. The DMV will contact you for proof of current coverage. Do not lose your registration, a fine healthy for unregistered / uninsured vehicle business and if they want, they can even take your CDL.
Stick it. I see beginning to pick up freight.
Your rate seems high to me if you refer to your insurance bobtail. I'd do a little shopping around. I use Guard 1. You may want to Google and get a quote.
Like any other insurance, it is based on your location. (Even if you do not get home very often!) Mine is 1 / 3 Sell 05 on my Star, but I live in Nevada, which has relatively low rates of insurance, I was OTR for the best 20 years with 0 tickets / accidents and my relief may be higher.
Posted on April 21, 2010.
