Progressive Commercial Insurance Trying to Shut Us Down 😤 Outrageous Rate Increase! (MUST WATCH)
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- Опубликовано: 14 май 2024
- Progressive Commercial Insurance Trying to Shut Us Down 😤 Outrageous Rate Increase! (MUST WATCH)
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#hotshottrucking
#owneroperator
#cdldriver
I’m fed up with this industry
💯💯 bro
Bidenomics killing everyone with crazy inflation affecting everything. 😢
Glad y’all found better insurance. FYI if it went from $1,350 to almost $2,600 that’s nearly %100 percent increase, not 40-45.
Hell yeah bro and man you are absolutely right lol that is a 100% increase!
Exactlyyyyyyy what happened to mine.
Thank you for this information 💯💯💯
Thank for all the info you all in working on start up soon. I'm trying to get as much Info as I can to succeed!
Hands down thank you both great advice much appreciated I just started following you guys about a year ago and you guys gave me great knowledge jewels keep up the great work
I’ll just throw this out there and maybe it helps someone. I got a quote through Progressive and it was $13,000 a year. I shopped around a bit and went through Northwest Truck Insurance for half that. Yes, that’s right, my annual is just over $6,000 which is super low and I’m non CDL out of Southern Oregon. Give them a call, you never know, maybe they can help.
Long time listener from San Antonio, Tx. My wife and I will be getting into the industry early next year waiting to cash flow truck and trailer for low overhead. She will be dispatching for me since she works from home. We really enjoy listening to all of your videos ever since you were non cdl. Thank you both for your time making these videos and for all the information you both bring to the table for all of us. Much love to you both. We plan to set up a one on one in the near future with you all if possible. God bless you both!
Great info. Thank you.
Glad it was helpful!
Great info guys!!
Thanks for watching!
Thanks for all the videos, they help
Glad they help bro!
I'm a new subscriber. This is really great content. Thanks to you both for your openness, honesty and courage to share your journey. I recently purchased a used semi truck and will be activating my authority in the near future. Thanks for all the gems and game you've shared with us thus far. Safe travels and best of luck with all future endeavors.
Progressive is crazy. A policy holder sideswiped us, and was given a ticket. They actually called us first. Since they called us we filed a claim with them, not through our insurance. They refused to cover the costs of repairs. Customer service was nada when we spoke. So we sent them a copy of our dashcam video showing that their client was in the wrong. Then the apologies poured in, and the repairs were done asap. We’re not a fan of the company. Great video!
Very informative!
Yall stay giving dope content 👏 👏 👏
🙏🏽💪🏽🫡
It’s not just progressive. It’s all insurance companies that raise prices at renewal. Personal insurance too. They make up stories saying based on all the drivers and claims in your state we are raising everyone’s premiums. My commercial insurance renewal was $1000 higher with Berkshire Hathaway so my agent was able to get me a quote with Progressive thats $3000 cheaper per year.
Thanks for the knowledge your will grow huge because of transparency, consistency,love ,patience
Your welcome! We appreciate that 🙏🏽💪🏽🫡💯
Welcome back bro tough time stay save
🙏🏽💪🏽🫡
Excellent content, way to go maccwifey
Hey guys love your videos and contents. Had the pleasure of meeting you recently and I just want to let you know I feel your pain. I’m not in the business as of yet but I’m learning through your guys.
On the insurance side, my regular Geico auto policy went up about 20-30% recently so its all across the board commercial and regular auto. Our agent said its happening all over in TX with all policies
The pleasure was ours bro! Glad the content helps. Insurance is crazy for many and it’s definitely across the board. The system makes no sense!
Thanx for the info 💯💯
Most definitely. Hope it helps 💪🏽🫡💯
@@HotshotMacc could your insurance agent assist in another state? Georgia
@@dizzigmc5448I believe she does handle GA as well. She works with multiple states. Hit the link in the description and check her out 🫡💯
@@HotshotMacc 💯
Great video bro mrs macc very smart on info and questions asked and insurance company can be rip off you different have to watch I'm good you guys continue to be in service 👍 be safe out there bro 10-4
Thanks Melvin! You been supporting for the longest and we appreciate it. It’s sad what’s happening but all we can do is push through. We will always be here to help 🙏🏽💪🏽🫡💯
@@HotshotMacc your very welcome bro I definitely understand and you two keep up the great work you will succeed 🙂
Praying for you guys. The same thing is happening in the Florida real estate market for underwriters of home insurance.
We appreciate that and likewise! Multiple industries are definitely feeling the effects! Stay strong 💪🏽🫡💯
Hellava team…been following fa awhile… beautiful energy…insightful content… looking to step in 2024. BigUp TEAM MACC💪🏾🙌🏾🙏🏾
We appreciate that feedback and the support fam! Glad the content helps 🙏🏽💪🏽🫡💯
Thank you
Thanks for the info. 3rd time renewing with progressive in Florida and they have done the same to me.
They raised mine!
3rd renewal
No OOS
No violations.
Twin Rivers Transport
I’m in the same boat with my personal vehicles and home owner’s policy has literally doubled 😢 glad to see you guys are able to power through 💪 I have family that’s an insurance broker and even he had to suck it up on his policies too that doubled on him.
Damn sorry to hear you’ve been affected by things too. It seems like insurance is just getting higher and higher for everyone slowly. And it’s getting a hold of many ppl. Hopefully things turn around for the better soon brotha 🙏🏽💪🏽🫡💯
@@HotshotMacc don’t be sorry bro! We all in it together! I responded to another person that commented somewhere below about all this mess… on too of what you’ve shared. I’ll say it again here that lots of insurance companies are in trouble financially from all those claims that has been filed and paid out just in the past few years. If you don’t know about all the auto thefts and recalls of some makes and models for faulty equipment making them catch fire, some big insurance companies are dropping their clients and not even insuring some vehicles. All that and then the claims from Mother Nature. So they’re not going to take a loss by NO means and WE the people are paying the price to keep them rich in their profits 🥲 just another form of racketeering imo
Who’s was y’all insurance agent? Thanks for the tips love the videos very informative? Keep grinding 💪💪
Chris Rock said it best, "insurance is for incase shit happen, well shit don't happen, shouldn't i get my money back"!!! lol great content dude!
Even with regular cars. I remember my car insurance used to go down every year while keeping my record clean. Now, its been going up every year since 2020, with the same clean record and same 11 year old car. It's really just a robbery on insurance companies. Spent so much time totalling vehicles/trucks during the pandemic that now they're looking to make all that money back.
Same for my rinky dinky 2001 Chevy trail blazer in Texas. Just 1 car they want charge $100-$120 a month this was a joke
Scratchin' and survivin'..
Hanging in and jivin'..
🎉🍻
Mac been following you a while now I’m a crane operator by trade but am working towards my own hotshot rig.
In regards to insurance even State Farm is jacking with prices on the personal side. Much love to you and the wife. Thank so much for all the info. Im working towards a set up similar to what your running
Bro if you make 60k annual just stay there I was making 80k as a semi driver local these hotshot dude hype it up I do gross a 6k but I’m also paying 2500 in diesel and truck payment is 1300 every week is some major payment it’s not worth it plus your on the rd all week not home it sucks these hotshot dudes hype it up
26 hundred? Damn I got progressive and I only pay 940 a month but I’ve also been driving cdl since I was 19 I’m 34 now maybe that’s why
I just want to tell you all thank you so much for the information man a lot of these people don't tell you what you really go through in life Forest insurance and everything that you have to have to keep your business before I think you and your wife may God bless you all that was very helpful and you're right people don't let you know all the ins and outs by the insurance and how much they really charging you to run your load may God bless you and your wife
Ive seen that increase as well. So it didn’t make sense for me to continue. Just for one truck and trailer.
I am up for my 1st renewal in about a month ish. I have 20 years in trucking but only 1 yr with my own authority doing hotshot, perfect record, good credit, paid 1st yr cash up front. My rate goes up at all I might just shut it down as its just not fun anymore anyways. Idk we will see.
I just renewed my Progressive and it went probably less than 10%, but I also increased cargo to 150k. They told me part of the increase was do to a change in WA state regulations. A problem I see is all these folks (including me) who recently got into the game. An even bigger issue I believe are the number of guys running "non-cdl" with 3500 and a 16GN. Most definitely cdl range. Also the trucks running without numbers but you know they're hauling in a commercial capacity. Anyone in the game knows exactly what I'm talking about.
Thanks for the great info ive been doing hotshot since 2019 im out of texas and been with progressive from the start still none cdl working on getting cdl just got my renewal a couple weeks ago and its a little over 10k for the year full coverage nationwide im pretty happy about it i hope it doesn't go up if i get a cdl or upgrade my hot shot rig
Your welcome bro! Hopefully it stays down for you man! The new CDL and equipment didn’t affect us last renewal so I think they are just picking and choosing randomly. Stay up bro keep pushing 🙏🏽💪🏽🫡💯
USAA raised their rates as well!
I agree that there are a lot of ppl in the game right now that aren't good with securement, safety, maintenance, and the things that prevent excessive claims within the industry. I appreciate you guys again for the umpteenth time but it still remains true. THE BEST INFORMATION IN THE TRUCKING GAME...salute to you both and God bless you!
We appreciate you always Joseph! I honestly think that is playing a huge part of what’s going on in the industry. About 21,000 companies shit down in the last 2 months. Maybe we will see things level out in the near future. Thanks for the feedback brother and stay safe and blessed always 🙏🏽💪🏽🫡💯
Thanks for sharing. What company did you go with?
Hey yes it happen to I had GEICO was paying 768 for 3 cars my renewal came this wanted 1263 for 3 cars
They just did me the same way ,I'm looking for better rate on insurance
So whats your new rate? Would be nice to know how much it went down after you all shopped around
Hello, good people I am going through the same thing as we speak. A tractor trailer backs into my new truck and tore a hole in the driver side rear. A certain insurance company we won`t name says your deductible is $2500 and to replace that entire side only cost $2600. Therefore, you only will receive a $100.00. Fix it and get over it. I pay a lot of money for insurance that's a third of your expense for new guys getting into the business. I like you guys with your content, to keep it real how it really works out here, I am financing a dream through BS you tubers your advice is to have other income coming in, you mentioned this in one of your videos keep passing it on thank you.
I was quoted a 40% increase on progressive as well. I am military returning back and was quoted a 50k premium. Can you refer me to an agent please 🙏🏽
Been watching your channel since I started hotshoting in 2021-2022 I started hotshoting at 21 yrs old and I paid 32k for my insurance my first year operating. It was expansive but i made it work i make some profits my first yr and everything was going great, I was getting direct loads and I was building relationships with brokers and I paid off my insurance early 3 months before I was supposed to pay it off and when it was time for renewal they raised it to 56k a yr and put me out of business lol but thins happen for a reason and I still keep coming back to the Chanel and seeing you guys grow
Man apparently the support fam!! Man I just hate to hear these situations but I agree with you, everything does happen for a reason. It’s just crazy how they continue to tear down what ppl are building out here to support their families. This industry is way to regulated! Props to you for what you did tho at your age. That says a lot about you man. Keep pushing and never give up the fight 💪🏽🫡💯
Hey bro, I’m Tin exas and my insurance renewed on the second of this month and it went up 40% according to my insurance agent progressive had two massive increases in the past year which affected everyone. Hope this helps.
Appreciate that bro! It seems like everyone is getting hit but not necessarily at the same time. Hopefully this all levels out so making a living can make sense again. Appreciate the feedback 💪🏽🫡💯
There is more to it than you think. Underwriters have the ability to bind the company to the policy. Actuaries make the rate. There is a lot that goes into that rate. You also need to vet the insurance company you are dealing with and make sure they can afford to pay the claims. Shop around, but brokers are not always the answer either. They have no fiduciary responsibility to ensure its good coverage, they want to get paid and will push to the highest commission company if they can. Best wishes! Hope you get it sorted!
Hey guys JJS JAMAKING ME TRAVEL LLC here out of Philadelphia PA just reached our 6months paying $1700 per month w/ Progressive!!
What I have learned over the years dealing with insurance (not this particular kind) is that you get nothing for loyalty anymore. You must shop and be prepared to move to a different company every year. Thanks for the info concerning hot shotting specifically.
That's the truth
Thats a facts brother! It’s unfortunate but what things have come to. Your welcome and thanks for the insight 🫡💯
Insurance is the biggest legal scam ever.
- Cop friend of mine.
My wife said hers went up also and that just car insurance.
If goes over 500 ibs of any liquid is ridiculous
they did me bad i had to basically restart but canal is the best ive had
Man we so just went thru this same exact thing.
It’s brutal bro
In 2013 they did shut us down going from $1800 mo to $3500 after year with spotless record! Signed with Landstar after that. Never go with Progressive if you want to stay in business!
Man that’s just insane. These insurance companies should not be able to do that! But yeah bro progressive is not the way to go right now 💯🫡
Thank you for your knowledge. What insurance agent are you using now? I missed it. Landstar does insurance?
My first year in hotshot we paid to progressive 33k, 2nd year 27k, 3rd year 18k, 4th year 15k, so you could think 5th year will be lower, we renew the equipment and that was the reason (according to progressive) to charge 21k 😠😠😠
Laws need to change
Might also have to do with the federal interest rates as well depending if progressive are taking on loans with a higher rate we’ll pay for it
Thats a great point! The system is just not made for us to progress unfortunately. Thanks for the feedback.
Im paying 2700 for my 22 ram 3500, with my big tex 14gn. Its terrible especially since i just got started in October.
I went from 11000 a yr to 21000 a year with progressive in Arkansas. It’s not just Texas
My insurance went up too I'm out shutting down and getting a job. Thanks tho💯
Damn bro sorry to hear man! It’s getting tougher out here! Sometimes that’s the best move. 💪🏽🫡💯
I am on the verge of doing the samething. It's just not worth it with all the work and low rates! Rates are not worth it to run hotshot.
Progressive has lost their mind!!! Same exact thing just happened to us we up for renewal right now and I thought they made a mistake!!! From 13k to 26k!!! Zeronon our loss run report and they could not explain why except rate revisions happened in our state PA!
I’m in the south as well, agent info? Much appreciated it
Insurance parked me..luckily I had a fall back
I'm with great west.. they're awesome 👍
I've had my authority for 3 years.. under 500 per month 🍻
I just did my renewal with progressive our 1st one. It actually went down $350 but then they offered us a $2k discount if we paid the year in full which would make the payment around 1k a month which is what we wanted. But it’s just by the grace of god that we’re able to pay the full year lol they let us split it up over 2 months. So seems like we got extremely blessed this go around to be able to survive another year 😬. Home base is north east of Dallas.
Man that’s a blessing bro! Glad it worked out that way for you and paying that year off is definitely beneficial. It’s odd bro, I’m not sure if its the home base or what but Houston must be on fire lol Are you CDL or non cdl?
It's the crime and accident in Houston
@@HotshotMacc yea man I’m glad y’all were able to find another company. I would have fainted lol. Im CDL
My box truck insurance not that high
Please send me the information about you Agent. Thank you in advance
We were paying 3k with progressive and that's one of the reason were not in the game right now!!
Our renewal went from $48k a year to $127k. Time to sell everything.
Damn, I'm only paying $500 a month.
2600 a month is alot.
That's a new peterbilt payment
Thanks
Your welcome.
Ultimately settle for subprime insurance companies. Just wait until you have a claim .
I use progressive Good driving record. We just renewed no violations it went up to 2500 from 18
Man they doing us dirty out here bro 😤
Progressive personal insurance is doing the samething im from Pennsylvania my car insurance went up 400 this yr. So its Progressive as a whole not just certain areas.
Rates right now in the hotshot business are not great I’m wit hotshot 107 and there trying to keep me busy but the rates are not good at all
This might be a legitimate reason to submit an inquiry with the States Attorney.
Our AG is under trial right now lol
You definitely have a point!!! Might look into that!
Hey guys I'm leaving progressive going to great west my yearly rate running reefer is 12k a year compared to 34k with progressive
Commercial insurance companies when up ⬆️ especially in Texas
💯💯💯
I got pulled over today by state trooper he did a surprise inspection on me I passed everything except I lost track of my paper logs he gave me a violation no ticket but a violation he was going to give me another because he didn’t know Keep Trucking is Motive under a new name my dispatch saved my butt I got lucky I usually have everything but a month ago we had truck issues I was moved into 4dif trucks so I lost track of my paper logs
They answer back that progressive give was
Well imagine the infection lol😂
I closed the Dump truck business after 18yrs.
Went from 3 truck to now 1 that I am selling and I will retire from this game.
I'm with american family/Midvale insurance and they raised my premium 53% and I have been with them for 27 years. I canceled them.
That’s wild! 27 years of loyalty and they did that. Goes to show what they really care about. 😤
Hubbard Insurance in Humble, Tx
Molly is a great agent… get a quote bro…
With progressive halting residential insurance in Cali, word is they will be halting commercial structures next. This only seems right that they double your policy, I think progressive got to big to fast, and have ran their course. Would surprise me if they go under before the economy shake back.
If you can make it thru the tuff times! Man you will reap the benefits when it’s hot! Good luck bro. Love the videos!
Yeah it happened to me I just cancelled them and left went with another company I’m based out of Houston.
Hell yeah bro thankfully we were able to find another company and leave them asap! Htown 🫡💯
What company did you go with? I'm looking to switch as well!
Mee too. 3 years also. I have a roll back n 2 trls. I added 1 trk. Mine went from 1350.00 to 3,750.00 its total bs
Man that’s outrageous 😤 Hope you were able to find a better option 🙏🏽
Geico just did me the same way smh
Geico another one that meed to hear a piece of my mind 😤💯
Yes, they investigated me even after I told them not to worry about the claim because they were getting aggressive with me and I knew the accident wasn't my fault it was an hit and run and she gave me an unexpected insurance cancellation for 30 days. 🤬🤬
Man that’s crazy! They are the worst!
What do you do after
They do something to me
Let them have it be willing to pivot.
Let them have it be willing to pivot.
FYI...Louisiana here!! I drive a 1998 Peterbilt 379. I was paying $1472 per month on a $15K policy. Ended up with a rear-end failure and was down for a minute. We decided to cancel the policy because of the amount of time to complete the repair. Truck is ready. I'm told in Louisiana, Progressive is the only company that will insure a truck older than 20 yrs of age. I'm getting quotes in excess of $35K for 1 year. That's more than %100 increase. I have 2 loss runs on the policy (both were less than $1000). I'm currently in limbo and have some serious decisions to make going forward. Thanks for the video.
Man that’s a tough one brother!! It’s definitely a shame what they are doing to some of us out here to make a living for our families. The economy, market and other inexperienced drivers are making things worse every day. Hoping things turn around soon. But with an increase like that and loss of time, I would definitely be reconsidering it myself. Hope you get through it man whichever way you decide to go fam 🙏🏽💪🏽🫡💯
Thanks bro!! God works in ways we can’t imagine.
Could it had been the new truck and trailer or the new driver that you added?
I doubt it bc if anything value went down. If that was the case the company that we went with now would have shown a similar quote.
yeah its stupid right now. my monthly insurance is 3k. and its due to having 4 trucks on the policy. and thats per truck. 12k per month total with progressive. looking at other companys now. but looks like if each person pulls thier own dot and mc numbers it will be 1500 per. so having more people not a great idea.
Wow that’s intense! You must have a low overhead as well as the other trucks. Are you a CDL or Non CDL operation? For us having another truck actually helps the policy with the new company we went with.
Insurance companies will do this and tell you that it's to offset the amount of claims in the State. Resson why I gave it up, can't work for nothing!
Yeah it’s a messed up system for sure!
Same thing just happen to me with progressive they increase my trucking policy 41%. I called they said it’s a standard increase and you guys near doubled the policy. Called my agent she said half of her clients with Progressive have now left. My policy was out of Arizona which was the lowest in the nation for years..
I have progressive. 30% ish of the brokers won't even accept progressive.
Progressive raised everyone's rate, my insurance increased after my renewal that came about 6 months of having insurance with them. Told me my rate went up because of the accident percentage in my area. So basically I'm paying more because of accident that happened with others. However, when it comes to trucking insurance, I don't think there's any insurance out there that'll compare to Shelter insurance. When I was on the road hotshoting I used Shelter and didn't pay but $742 a month for truck, trailer, and a million on cargo coverage. About 4 months in my rate dropped to $644 a month. My suggestion is try Shelter Insurance.
I’ve had that happen with my personal insurance as well. We get hit bc of the fault of others. Thats never made sense to me. Never heard of shelter but we’ll have to talk to out agent to see about them. Thanks we got a good rate with another company but sheesh $700 sounds real food right now!
I tried them, they said they don't cover Texas 😫😩
@@David-td5po find an Arkansas address 🤷🏾♂️ I promise it'll be way cheaper than any other insurance on the market.
It's required by law to carry insurance, so it should be regulated. Insurance companies shouldn't be able to increase profits at will
💯💯💯
They pocket watching bro…
They see y’all making moves and they want in. lol don’t overthink it. If they can’t give you a straight answer on why what else would it be. Brad with twin rivers transport kinda dealing with the same issues.
At my renewal Progressive wanted $4786 per month. Previous rate $1955. Florida. I already found another insurance company & dropped them.
That’s crazy… they really out here picking and choosing this monthly rates. Glad you were able to find a secondary choice. Who did you end up going with?
@@HotshotMacc Insurance4Truckers
Raise deductions
Dropped road service, windshield replacement, car rental
Dropped the little things
💯💯💯🫡🫡🫡
I did away with Progressive last year. They tried to go wayy up on me. I ended up just going with a local agent who split up my liability and cargo
We probably should have been left Progressive a while back but just didn’t focus on it bc the last renewal wasn’t that bad. Didn’t know that you could split the liability and cargo. Thats good to know! Thanks for the feedback bro 💪🏽🫡💯
@@HotshotMacc 💪💪🫡
That’s what happened to TP
Yup!