my Box Trucks Commercial Insurance Just Went 🆙 I'm out!! 🚚🤦🏾‍♂️

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  • Опубликовано: 15 май 2024
  • One of the biggest expenses in the world of owner operator trucking will be your commercial trucking insurance. These companies will jump up premiums for no apparent reason, so make sure you shop around. This was terrible. So it's time to say goodbye!! Enjoy.
    #boxtruckbusiness #commercialinsurance #owneroperator
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Комментарии • 69

  • @BiggVic
    @BiggVic  3 месяца назад +3

    Need a strategy session tap in here: ➡www.calendly.com/biggviccoaching

    • @simonwoodson424
      @simonwoodson424 3 месяца назад

      Aye Vic. Who do you recommend for new authority insurance? And what's the link for your consultation?

    • @BiggVic
      @BiggVic  3 месяца назад +1

      @@simonwoodson424 www.calendly.com/biggviccoaching ……unfortunately Progressive commercial is at the top for new authorities.. Check with an Agent Like Marquee Insurance Group

    • @simonwoodson424
      @simonwoodson424 3 месяца назад

      Thanks. Also I heard that you can attach a personal vehicle to your mc and let the authority run up for 90 days and THEN get a truck. Is this possible?

    • @lutheryoung4306
      @lutheryoung4306 3 месяца назад +1

      I'm really contemplating booking a session... I just retired from the military after 20 years in logistics and started my first " job." and I tell you what... this is not IT.

    • @BiggVic
      @BiggVic  3 месяца назад

      @@simonwoodson424 I know about vans but not sure about a car

  • @findingunicornsstocks5953
    @findingunicornsstocks5953 8 дней назад +1

    Sound's like starting a commercial truck insurance company would be a lucrative venture.

  • @mohamedd2766
    @mohamedd2766 3 месяца назад +3

    I appreciate the info Brother. Keep up the hustle.

  • @coldskoolbeatz
    @coldskoolbeatz 3 месяца назад +7

    Bro, I don't even have a box truck, and the insurance for my car went from $670/6mo to $1200+/6mo for no reason. None. No accidents, tickets, or anything.
    They might need to change their name from Progressive to Aggressive.🤷🏾‍♂️🤦🏾‍♂️

    • @BiggVic
      @BiggVic  3 месяца назад

      BIG FACTS 😂 lmao

  • @kelvintruth429
    @kelvintruth429 3 месяца назад +4

    Big Vic with the vital knowledge. Thanks bro

  • @mgb.k8926
    @mgb.k8926 3 месяца назад +4

    Bro the knowledge you give is truly priceless I trust every word you speak

  • @jakestevens3199
    @jakestevens3199 2 месяца назад +1

    Subscribed to your channel 3weeks ago and I appreciate your content. I’m looking to pivot into the trucking industry, I’m a contractor who has a logistics business where I deliver freight from my cargo van.

  • @mikeysal8741
    @mikeysal8741 3 месяца назад +1

    Finally someone answers my question lol

  • @ronaldcoleman6954
    @ronaldcoleman6954 3 месяца назад +3

    Bro I have progressive to ready to switch also

  • @brandonwalker2645
    @brandonwalker2645 3 месяца назад +2

    Aint no way you posted this right after my down payment dawg 💀

  • @nikkib5085
    @nikkib5085 3 месяца назад +2

    Here's something that has been happening for the past couple of weeks. Brokers are refusing to let you pull their freight if you have Progressive. They are saying Progressive isn't paying claims the way they are supposed to. I'm guessing it's the Cargo ones. KCH and Axle are two. Axle will only let you pull certain ones. I'm shopping today because of it. I have 4 semis and a 2 box truck running under me. Also, I heard it has less to do with age of Authority and more to do with age on DOT.

    • @BiggVic
      @BiggVic  3 месяца назад

      I’ve lost so much money having Progressive insurance. Made plenty but lost just as much. You are spot on about Axle. I kept wondering why certain loads they wouldn’t let me run. I’m dropping a new video with my new insurance company by next week. My new agent said Progressive uses third party companies to do their claims and takes months so brokers are staying away from them. Plus they are taxing new carriers heavy in these streets because they are a big fish in a small pond of insurance companies that will insure new authorities. I’m so glad I made it through those first few years. I asked my new agent was she ready for a good year lol…

  • @giorgiotribastone7070
    @giorgiotribastone7070 3 месяца назад

    I live in PA that’s my biggest concern is insurance.

  • @jamesdixonjr7677
    @jamesdixonjr7677 3 месяца назад +2

    Big 3, Fuel, Driver Pay, Insurance and in that order. Also, if you have the title to your vehicle that’s a coverage you don’t have to have.

  • @brianbyrd7433
    @brianbyrd7433 3 месяца назад +1

    Im on with OTR solutions

  • @3dperspective262
    @3dperspective262 3 месяца назад +1

    I’m in Texas. From what I seen it was on average 10k.

  • @brianbyrd602
    @brianbyrd602 3 месяца назад +1

    MC/DOT in hand

  • @andrewbrown9321
    @andrewbrown9321 3 месяца назад +12

    They charge me 35000 for 2 truck 2013 hino 2015 freightliner with them for 2 years I drop them last year progressive will put you out of business I hope these truckers stop posting what they make this is what makes insurance higher and Broker rate lower thousands of box truckers go out of business because of this

    • @yungsavag23
      @yungsavag23 3 месяца назад

      What company do you use now?

    • @reezee412
      @reezee412 3 месяца назад

      Facts..progressive will rob you without a gun especially when you're starting off!!damn near out me out of business to with their high ass insurance

    • @andrewbrown9321
      @andrewbrown9321 3 месяца назад

      Marquee

    • @user-lc9ng2hg4o
      @user-lc9ng2hg4o 2 месяца назад

      What is monthly with marquee insurance group? If u don’t mind me asking

  • @asarthegr8
    @asarthegr8 3 месяца назад +1

    My progressive regular insurance went up on my car

  • @MAXED-TRUCKING
    @MAXED-TRUCKING 3 месяца назад +2

    Man progressive wanted me gone as well. They quoted damn near 8k/month for a 16' semi and 14' box truck😂.

    • @MAXED-TRUCKING
      @MAXED-TRUCKING 3 месяца назад

      Just realized its histroy repeating itself. Nothing but a damn cycle on how every business get a turn to eat, and im hungry as hell smelling the food cooking in the kitchen catching hunger pains😂

  • @ashsingh5154
    @ashsingh5154 3 месяца назад +1

    bro commercial auto is so hard to get , everybody leaving california too

  • @kenc3034
    @kenc3034 3 месяца назад +2

    Check out Canal you pay as you go with free ELD. If your truck is not moving your liability drops.

    • @BiggVic
      @BiggVic  3 месяца назад +1

      One of my mentees just told me she has Canal also. 👍🏽

  • @user-cu6oy8dd3n
    @user-cu6oy8dd3n 3 месяца назад

    What do you think is better buisness plan?I have my cdl b air break and hazmat endorsements plus a Twic card should I look into loads like hazardous materials or start a moving businesses specifically only for moving what’s your opinion????????

  • @brianbyrd7433
    @brianbyrd7433 3 месяца назад +1

    Yo its time for another call. i just got an offer from Lowes…6-900 a day 7days a week. They are desperate for trucks. LETS GO! Time to grow!

    • @BiggVic
      @BiggVic  3 месяца назад

      Nice!!👍🏾

  • @Austin-pn3zc
    @Austin-pn3zc 3 месяца назад +1

    Yea i have a clean record 1 truck 2 drivers and progressive quoted me TODAY for $2850 per month! 1 year of authority here

    • @BiggVic
      @BiggVic  3 месяца назад +1

      Their new name is AGRESSIVE Commercial 🤦🏾‍♂️

  • @michaelrobinsonsummers8511
    @michaelrobinsonsummers8511 3 месяца назад +1

    That insurance demo has a great opportunity to kill your business. If you let it.

  • @caponegutierrez7190
    @caponegutierrez7190 3 месяца назад +1

    Big vic question just revived my DOT numbers. fresh to the trucking business any recommendations for any good companies to start with ?

    • @BiggVic
      @BiggVic  3 месяца назад +1

      Do a search on indeed.com for 26’ box truck contracts. Also Craigslist. DAT load board may be tough with a newer authority if it doesn’t have the age on it still. Give those a shot. ✌🏾

  • @mauricejones6193
    @mauricejones6193 3 месяца назад +1

    I've been with progressive for 2 yrs,box truck is 1700 a month still 😢Ive been wanting to switch out but with 😢who

    • @BiggVic
      @BiggVic  3 месяца назад +1

      I’ll definitely let y’all know who I switch to next week.

  • @Tbonez.126
    @Tbonez.126 3 месяца назад +1

    Aye @BigVic do u have to have an IFT in the straight truck business?

    • @BiggVic
      @BiggVic  3 месяца назад

      Do you mean IFTA? If so not for Non Cdl trucks under 26k gvw. CDL trucks 33k gvw yes.

    • @Tbonez.126
      @Tbonez.126 3 месяца назад

      😂 yea that's what I mean, thanx

  • @itsv7531
    @itsv7531 3 месяца назад

    Quick question vic, of a load is paying let’s say $800 for a load going 700 miles is that considered a good load or does it depend on your cost per mile?

    • @richville9923
      @richville9923 3 месяца назад

      I’ve been doing this for about 2 years now and I’d say no $800 for 700 miles is terrible because that’s 1.14 a mile. You typically want to at least get $2 and up a mile to cover gas and expenses

  • @user-gg1pw3oe9c
    @user-gg1pw3oe9c 3 месяца назад +1

    if you have a new authority and your truck is paid off and you don't want to drive so you get a driver, is it possible to still make a profit if your calling around and actually contacting brokers or would that be a dumb move ?

    • @BiggVic
      @BiggVic  3 месяца назад

      That’s the ideal scenario most people look for. No payments and a driver, find the work and you’ll be fine. Biggest overhead would be fuel, driver, insurance.

    • @user-gg1pw3oe9c
      @user-gg1pw3oe9c 3 месяца назад

      @@BiggVic appreciate it brotha💯I work and have a truck but just wanted to know if it was good to put a driver in thanks again Vic‼️💯

  • @zimbabueycazeau2874
    @zimbabueycazeau2874 3 месяца назад +1

    What's the name of the insurance you have now? I'm thinking of leaving Theift-gressive too

    • @BiggVic
      @BiggVic  3 месяца назад

      Still with Aggressive until next month. I’ll drop another video with new company after I switch. 👍🏽

  • @sinrillaboston2066
    @sinrillaboston2066 3 месяца назад +1

    I have progressive grade A it’s already high I’m paying more than you for one truck I hope they don’t go up and I have a 1998 ford F-700

    • @BiggVic
      @BiggVic  3 месяца назад

      😳🤦🏾‍♂️

    • @sinrillaboston2066
      @sinrillaboston2066 3 месяца назад

      @@BiggVic Bro it was my first year which was last year jumped in with my head and feet…my authority was knew so you know how Amazon play with my situation it was very stressful year

  • @coopasimstransport2101
    @coopasimstransport2101 3 месяца назад +3

    Let us know who you end up going with

    • @BiggVic
      @BiggVic  3 месяца назад +2

      I gotcha!! 👍🏾💯

  • @brianbyrd7433
    @brianbyrd7433 3 месяца назад +1

    Vic, do you think its possible to build a half million dollar business in 5
    years

    • @BiggVic
      @BiggVic  3 месяца назад +1

      Of course.. with the right work. Some have done it in way less time. 🤫

  • @lesb2303
    @lesb2303 6 дней назад +1

    Can I ask what insurance your going to now… got a crazy quotes from progressive ?

    • @BiggVic
      @BiggVic  6 дней назад

      How long have you been in business? If less than 2 years they won’t insure a new company.

    • @lesb2303
      @lesb2303 5 дней назад

      Oh okay it’s a new authority

  • @raytheking2504
    @raytheking2504 3 месяца назад +2

    Please keep us updated on who you go with. Progressive smoking crack or something.

    • @BiggVic
      @BiggVic  3 месяца назад

      They heavy on something fam lol!!! 💯

  • @reezee412
    @reezee412 3 месяца назад +1

    Progressive knocked my head off..started off paying 1800 a month for 1 semi .they went up to damn near 4000 the next year.with no across t and no changes

    • @BiggVic
      @BiggVic  3 месяца назад

      🤦🏾‍♂️😱 That's crazy!!

  • @djshabass
    @djshabass 3 месяца назад

    Insurance is a business expense. Tax write off.