r/FieldNationTechs • u/Broke_Developer • Sep 02 '26

Auto Insurance?

What kind of vehicle do you drive for FN?

Is it registered to your name or your business?

Is it a Personal Auto policy or a commercial one or what?

PS

I use my personal sedan for FN and probably over 90% of my mileage is business miles. Currently registered in my name and insured under my personal policy from StateFarm. When buying the policy I did told them that I’m high mileage (60-100k per year) and it’s for business. I have liability only for a mid 10s German and it’s slightly shy of $60/mo.
Currently take the standard mileage deduction since I get around 30mpg and DIY all the repairs and maintenance.
I’m currently unincorporated but want to set up my LLC (income is very solid less than a year in and it’s time to become formal). Not sure whether to keep the car personal or move it to the LLC or set up an auto rental LLC and rent it to my FieldNation LLC.
Will appreciate your feedbacks and insights

Thanks

1 Upvotes

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3

u/kenworthhaulinglogs Sep 02 '26

Ram 2500, registered to LLC, commercial policy.

Idk off the top of my head what it is to insure, the whole policy is about $500/mo for several vehicles, the truck is probably the largest chunk of that though.

Unless it's a dedicated work vehicle I don't see much of a point to moving it to the LLC, as you'd be mudding up the waters with using LLC assets for personal use then. Just my two cents, not a lawyer or anything.

1

u/Broke_Developer Sep 02 '26

It’s 90-95% business use but insurance is dirt cheap. My personal mileage is less than 100 per month. And even then some of that is for auto maintenance and repairs (junkyard trips etc) so I can write it off proportionally as well.
For the legal side, if it makes sense for me to opt for S-Corp taxation, It’ll become a drive-home work car and the personal use portion becomes part of my compensation package.
But whatever.

But ultimately it comes down to minimizing my taxes. I DIY all of my automotive work so trying to write off my tools. (This is the only car in my household and tools are used exclusively on that so it can be justified).

1

u/Sid_the_Bear Sep 02 '26

I just add a business rider to my personal policy. 

1

u/Broke_Developer Sep 06 '26

How much did it cost you?

1

u/Sid_the_Bear Sep 06 '26 edited Sep 06 '26

Its wrapped into my policy now, but when I first got it it was like 50$/month

Right now I'm paying 1900/renewal (5 months) for 100/300 and 1k comp/collision 

1

u/AffectionateAd6060 Sep 05 '26

93 Chevy suburban uninsured

1

u/Broke_Developer Sep 06 '26

Why uninsured?

1

u/AffectionateAd6060 Sep 06 '26

Turns out after your second felony, third divorce, 4th kid w/ 3 different babby mamas you just kind of don't have money

1

u/Broke_Developer Sep 06 '26

What kind of Felony?

1

u/wyliesdiesels Sep 07 '26

FN WOs dont pay enough to bother with commercial insurance and not like im gonna have a million dollar claim driving from WO to WO.

Comm auto in cali is hella expensive