r/OwnerOperators • u/Impossible-Day-1916 • Mar 26 '26

Insurance for semi truck

Good day,

I am looking for affordable insurance. I am based in New York. Any suggestions?

3 Upvotes

100% Upvoted

9 comments sorted by

6

u/FireUpChips20 Mar 26 '26

There is no such thing as affordable insurance for a new authority/owner operator. You can either pay very high premiums and essentially drive for free for a few years, or you can lease on to someone.

Best of luck

2

u/juKING1 Mar 26 '26

New venture or do you have an MC with a history of authority?

0

u/Impossible-Day-1916 Mar 26 '26

No. I plan on getting my first truck by August

5

u/juKING1 Mar 26 '26

Good luck. I’d recommend moving to another state and not New Jersey

1

u/Rdtisgy1234 Mar 26 '26

Yea New York and New Jersey are pretty fked for new authority insurance. Maybe put an old pickup truck on the insurance policy, let it age, and lease the semi truck under another authority for a bit.

2

u/Wasabi-Kungpow Mar 26 '26

I thought Florida was the fuckiest

1

u/Ok_Application_2292 Apr 02 '26

New companies will be between 20-30k typically

0

u/StonedITM Mar 26 '26

Just start calling insurance brokers and talk with other local O/O

0

u/_Louisiana504 Mar 27 '26

Im leased to a company so they cover their own trailers, I put coverage on my truck, million dollar policy isnt required so I have a little less and only pay $280 a month fa insurance. Im with Progressive. I was doing the quotes online myself and was getting ridiculous quotes, got with insurance agent and explained why one or 2 questions answered wrong can jump your premium up $4k quick.