What Do You Pay A Year For Commercial Auto Insurance? - Business - Contractor Talk

What Do You Pay A Year For Commercial Auto Insurance?

 
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Old 05-14-2011, 10:42 AM   #1
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What Do You Pay A Year For Commercial Auto Insurance?


I think, I gotta change the insurance over on my cube van..in 2010 the handicapped plates that were on it expired. A guy I used to work for, who is now a LEO actually pulled me over for driving with expired plates and told me

Soo...make a long story short.. the truck was part of the estate, we settled the estate but forgot to transfer that truck to me... However the truck was insured, and stuff the insurance company was 'wierd' about insuring a vehicle i didnt personally own ,but instead was owned by my now deceased father... anyways i figured id let the plates go and stuff to save a little money...

so the plates expired, and i had to get commercial plates for it. I did notify the insurance company of the change over from handicap plates to commercial cause the dmv was being extremely anal about my EXACT name on the insurance card thingy..

heres the thing...

I am paying around $2200 a year for the following:

my ranger and cube van both insured for 300/500 the ranger has collision the cube van doesnt.
my homeowners at 500/750
and my personal umbrella for 1million

Everyone I have talked to says that their commercial vehical policy is like $1500 a year by itself... I think im paying somewhere around 600?

How would i check my insurance coverage on the cube van with out rocking the boat?

Also i do carry 100k in commercial liability for $600 a year but i think im paying too much for that.
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Old 05-14-2011, 10:50 AM   #2
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Re: What Do You Pay A Year For Commercial Auto Insurance?


Proof of actual handicapped license plates on a cube van:


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Old 05-14-2011, 10:56 AM   #3
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Re: What Do You Pay A Year For Commercial Auto Insurance?


I pay about 1500 year for 500,000 / 1,000,000 on 2006 f250. Multiple drivers listed.
you should be able to check your policy and see what's covered. If not, you should be able to check with you agent without rocking the boat, that's what they're for.
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Old 05-14-2011, 11:15 AM   #4
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Re: What Do You Pay A Year For Commercial Auto Insurance?


Are you saying you don't know if you have personal or commercial coverage on the van?
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Old 05-14-2011, 12:19 PM   #5
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Re: What Do You Pay A Year For Commercial Auto Insurance?


Your rates are similar to mine and since we are both in upstate NY, I would say you aRE MOST LIKELY FINE.

Now who is your liability carrier?
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Old 05-14-2011, 01:18 PM   #6
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Re: What Do You Pay A Year For Commercial Auto Insurance?


Just renewed mine yesterday. One million liability on 2008 Chevy 2500 and 16' work trailer $1055
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Old 05-14-2011, 01:46 PM   #7
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Re: What Do You Pay A Year For Commercial Auto Insurance?


Sounds reasonable to me. We pay almost $2k a year for 2 commercial vehicles with multiple drivers.
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Old 05-15-2011, 10:13 PM   #8
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Re: What Do You Pay A Year For Commercial Auto Insurance?


I was just saying recently on another thread that we have a low cost of living here in Virginia as well as low taxes and low expenses. The last time I checked it was about $228. That is for 1 business truck, liability and comprehensive, no collision.

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Old 05-16-2011, 03:30 PM   #9
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Re: What Do You Pay A Year For Commercial Auto Insurance?


Stay out of NJ. I pay $2000 per truck, full coverage, $500,000 liability, and since it is a commercial policy I get no PIP.

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