Insurance needed for Hotshot trucking;
ฝัง
- เผยแพร่เมื่อ 5 ก.ย. 2019
- #commercialInsurance is the Hardest and most expensive part of Hotshot trucking and car hauling. #autotransport is more expensive then freight haulers insurance. Do you need 750k or 1 million Liability insurance. We go over everything needed and why it is so high. Their is reasons why it is so high. New entrants really struggle with the insurance being sky high.
Rig:
2008 DODGE RAM 5500 CAB AND CHASIS laramine
6.7 CUMMINS
Aisin transmission
2 WHEEL DRIVE
84" CAB TO AXLE C/A
Trailer:
2005 Take 3/4 car wedge
50ft long plus flippers
3- 7k axles
Electric brakes
Gooseneck hitch
Business: OWNER OPERATOR
Email: hotshotwedge@gmail.com
Facebook: Hotshot Dave
IG:Hotshot_Dave
Donations can be sent to:
Paypal:millerdavid511@gmail.com
Fan mail:
Hotshot Dave
Po box 292
Delaware City, De 19706
#carhauler
#hotshottrucking
#autotransporter
#hotshot
#dodgeram5500
#commercialinsurance
#highinsurancereate
#whyisinsurancesohigh
![Ep.2 เบสไวน์ รวมคลิปฮา SS4 - [ พากย์นรก ]](http://i.ytimg.com/vi/Ihk-LzEbox0/mqdefault.jpg)
Thank God! I been waiting to see a video about this! Much respect!
Dude this is super helpful!
I appreciate your time and willingness to help, and quality of info you provide.
This is the first video I've watched on this channel: I just subscribed.
Thanks again Dave!
Watched your video and decided to finally call for a quote with Progressive. 2020 Ram 3500 2019 Texas Pride 40' Gooseneck $16.5k annually. I can't complain it's not as bad as I thought. Thanks Hotshot Dave
Hotshot Dave you are the best. Your videos are real and you add some humor to them
Great info Dave, love your channel 👍🏻 and your personality hahah you crack me up with your little dance but keep the great information coming. A lot of people would charge just to give information but any trucker that helps out another trucker is always grateful. I’m currently pulling a dry van but little by little I’m trying to get my own 6-7CC. I hope I run in to you one day would really like to buy you lunch and see if you answer a few questions🤙🏻
Best hotshot video on TH-cam, keeping it 100% real!! Good shit Dave
Hotshot Dave... Great video and very informative and your personality amps me up.
Good video Dave, very informative!!
Love the info thanks DAVE!!!!! get it get it get it!
Another Great video Dave!
Thanx alot dude i learned a few things with this video. I got a cdl since 2001 hope thats gonna help me with the insurance process even tho i live in miami fla its always hight down here.
Great info Dave, Thanks man!
I love your videos hotshot Dave. Love u man
THX FOR THE INFO"" HAVE A GOOD ONE"" KEEP THEM COMING""
Thank you for the video I’m just getting started
Great information, well taken. Thanks
Good video, thank you Dave.
Thanks Dave good video!
THANKS HOTSHOT!!! GAVE ME THE MOTIVATION I I NEED BECAUSE EVEN WITH A CDL AND 3YRS EXPERIANCE WITH TANKERS, MY RATE IS $31,000/ANNUALLY!! BUT I KNOW I HAVE TO SPEND MONEY TO MAKE MONEY!!!!
The Best Vids Salute 2U!!
Thx for the videos hotshot this insurance it’s really hurting my feelings 😢😩
Sup HotShot... long time fan brother.
I've been dragging a wedge for a little over 2 yrs now.
I've helped several greenhorn haulers and every single one was told the same thing.
1. If you don't have $10k of side money don't even try to start a hotshot business.
2. GET A CDL CLASS A !! for two reasons.
a. It will give you training on how to pull, backup and park a 50+ ft trailer.
b. It will reduce your insurance cost ESPECIALLY for the first year.
3. Buy a dually WITH a bed (NO CAB & CHASSIS) because it can be registered under 8k lbs which make it a private vehicle NOT a commercial vehicle. Doing that takes you out of all the DOT/FMCSA bullshit like roadside inspections, weight stations (till have to pass through but never get that green right arrow), no annual safety audit.
4. Run within the 150 mile rule. No ELD or logs required.
What you mean run under 150 miles ?
Love your feedback... Awesome!!
Great video
As always GOOD FUNNY content
you will make a great instructor
all facts form this guy
Good info amigo. Telling us why... Cheers
Hey,Hot Shot Dave!
I really enjoying the videos. I have not started yet. I am still gathering as much knowledge as I can before starting.
Quick question…as a starter hot shot, how much money can I potentially earn in my first year/six months/ 90 days?
Thank you Hot Shot Dave!!
My personal insurance has been with Progressive for years, sales person said that helped me when I went to get my commercial car hauler insurance which was through Progressive too. Paying about 13K for the year, and only had to pay for one month up front!
Good information 👍
Hot shot Dave good info brou I need it
Hotshot Dave be ready to raise it in the next year will vehicle are on the rise we run 250k on a 3-4 most of my lots require it
Thank you for the information
Thank you for the information
I like this a lot
Semi 65K 1axle pulling a wedge runs about 12K a year, man I thought that was high til I saw some comments, and what you're sayin. Holy crapola! 20 30g's a year dam. But-did ya see the guys with the 1tons pulling a 5 car that might be why, no way that can be all too safe. Might as well get the A License no matter what you're going pull on down the road. Big truck has higher capacity axles/tires and is more stable also. For the same price upfront it will last 3-4 times longer, or more. Not new of course but, 50G's buys a lower mile decent rig.
Be safe out there lock em down, turn, and burn em. Keep em comin Hotshot Dave info might save a whole lotta greif for the other drivers.
Dave u da man buddy
DC Jones Hotshots LLC - Leased on to a company
I run a Ford F-350 dually. Car hauler with a PJ 35+5 dovetail gooseneck. I removed the monster ramps added 4ft slide-out Extensions off the back of dovetail, added top deck over gooseneck with 4ft flip over incline Extension off front. I haul 4 cars fully extended or 1 car 2 trucks on a Daily. This still lets me run small equipment when need if I’m in a bad area and car are not available.
Thx for great videos keep them up
Spanky
53ft over all length
8ft top deck with flip overs 3.5ft extension (top deck hangs over bottom deck 2ft 1st car nose goes under hang over)
35ft deck
5ft dovetail with 4ft pull out extensions (only pull them out 3ft max)
Normally 4 small cars fit or 1 small car and 2 crew cab long bed trucks fit
Happy Pappy I haven’t measured with truck hooked to the trailer.
I run with truck bed on it as well.
I thought we could go as long as 75ft with truck and trailer if we had a CDL like class 9 trucks in most states
Thx for the info. I started looking into it more and your right so guess I won’t be going to Indiana LOL
Car hauler .. with my made trailer..Just got my cdl A n my ins did change 👍👍
Bou Briggs How much did it drop by?
good words on that, my semi is same as my f350
Than you big time man!
I have a very urgent question for you since you know what you're talking about. Now you said general liability should be $1 million for car haulers. Does bodily injury/property damage liability matter? Or should that be $1 million too?
Whats up hotshot loving the content man! I'm trying to get into the industry and my game plan was to get an f-250 and a 20ft trailer and see what hauls I can get done Friday-Sunday. From your experience can I find enough work using a single car hauler to cover my insurance expenses on a month to month basis and generate some profit? All of my quotes show itll be around 1k a month. I would love to run m-f but i have to maintain life and normal bills with my day job atm
Thanks man !
By the way im far north TX
Call National Truckers insurance ask for Edwin Ramos.B+ rated.I have never been refused a car with the B+.Cheapest around with great service
You are right
I’ve been pulling 2 car trailer for past 9 years no dot no permits pretty much personal use, been pulled over weighed always under 26k and never big trouble (except for bed brakes once) also had only broadform insurance
Hey can I contact you? I’m going to be doing the same, but I am confused on a few things.
Sure can
Hey Mark, how can I contact you directly? I might need some help getting started.
Hey sir can I hit you up to I'm doing the same can I contact you ??
I’ve seen that hauling under 26k in state is fine without DOT but if you want to haul over the state line then you have to have DOT.
GOOD Video\\\\
Imma Class A car hauler
That's the same in a big truck. I believe the cargo insurance was around 500k.
I got quoted 40k for commercial insurance. 300k auto liability and 150k cargo for a 2021 dodge ram 3500 and a 3 car Kaufman trailer. I about did 10 backflips away from my phone when they said what it was
.... No clue why as got clean license
My quote with usaa for 750/250 cdl for 5 years clean record was 20k for 6 month 8k down. I'm under 30 which was the main thing they said hurt me.
is this all on one policy or is it separate policies for the million, comp and collision, and the cars?
Insurance companies are pure scum.
I always wondered how guys haul freight and cars with one policy
Creat information dave thx
When I stared car hauling in California my ins was 33k a yr that was insane and now I'm looking for ins...if u now any good ins out there let me now..
I FU$K WIT YOU DAWG LOL GOOD INFO
Hotshot Dave I just got my CDL A License but do not want to the Big Rig Gig. Instead interested in the Pickup/Flatbed. Is a dually definitely the way to go? I hear Ram 3500 diesel is the best option? Also is a 40 foot trailer the best option? Tex Rex or PJ?
NO!!!! DONT DO IT!!!! ROLLBACK ONLY!!
So you are so funny I knew stop me a lot
So what insurance company are you with
I run my cargo at 100,000 if I get an expensive car I just bump it up per trip. That saves a few pennies
Very interesting you will find that when you first start operating. That very few companies will even quote hotshot operators. I am with Progressive now at 4 years of operating with no losses. I get a lot of unsolicited contact from Insurers. I was told that when I started that fuel would be my biggest expense. But since I haul specialized freight and I only haul a few loads a year that insurance is my biggest expense. I would rather keep my pickup parked rather than haul cheap freight. I look at the loss risk of every load I haul. Okay for those of you they say how can you make it. I work a full time job and I am a relief driver for a company hauling mail. I have one direct customer that I haul for. When they need me I schedule them into my work. Most of the time I charge by the hour I provide hauling and rigging service. Another good video from Hotshot Dave
In regards to the commercial auto insurance, i just bought a 2016 ram 5500 chassis and got a commercial insurance quote through progressive for $750,000/100,000. Quote annotates that its commercial insurance, but the premium seems to low to be real. Quote shows its for commercial for hotshot hauling, everything looks right but the annual premium is only $6,336 with only $1,036 down. Just doesn’t seem right....
Make sure that includes cargo and como and collision. And 750k maybe cheaper but honestly cant do much with it see what 1mil does.
ram 5500z sun country 4/5car hauler
28,200 annual
How do i sign on to another companies insurance
The best thing is to lease on to a company
That's the load down on insurance!!!
I'm in Florida I got my cdl my truck my trailer everything dave made me love this business but now I'm stuck with the insurance progressive wants $38 a year 🙈
That's why you check insurance rates before you go spend money on equipment. My suggestion is check rates in MS & MO or maybe some of the other western states or sell it because you aren't gonna survive paying that rate..
Try hartford
$38k ??
Hotshot Dave, do you have hazmat endorsement?
Can ooida help with getting insurance?
You're funny man
I just got one question how much down payment on the insurance a month? Or a couple months? Thanks
Insurance is crazy ita usually 5-7k up front 20%
Hey Hotshot. I’m a hotshot (freight)
Do you need hazmat to haul cars
My first quote was $2032 down and $680 a month for 9 months and that was thru progressive. I checked other companies and it was at least $5000 down. I was told progressive is the leading provider for trucking insurance.
How's your credit?
What state?
Commercial insurance is not based as much on credit as regular insurance. When you start a business unit doesnt have any credit.
Cornell Daniel 532
Ryan Simmons ohio
Who are you signed on to ?
Just got a quote for 34,000. 7000 down $775 a week. Agent said its because im under 30 years old. Im 26. She said after the dirst year it will go down alot. You think its possible to make it by that first year
I would not you are setting yourself up. 775 a week is nuts. You are work just to pay insurance. Sign on with someone to teach y the ropes
@@Hotshotdave exactly !!
I feel nothing - my ass is so sore from setting on it in rush hour...
If that red head doesn't stop playing with herself I just may park this thing - Dave what would insurance be to provide protection from that rubber glove having a flat?
I agree with the comp and collision! Even in my older cars that I daily drive I throw full coverage on. Better to be prepared for the worst then to be ass’d out with no check
Hi I really like your video and I’d like to get some advice from you. My husband and I are about to get insurance for our new authority but I have a strong feeling that we are not prepared for it yet. Would it be ok if I emailed you?
Yes please email me that’s what I am here for
25k a year for me in my first year. Hoping it will go down after 2 years. If it goes up I will probably be out
how old are you?
Hi I heard you mention in another video that the mega cab won't work, but can't find why? Can you please fill me in
Not enough clearance from cab to coupler. You can use extender but I am not a fan
@@Hotshotdave thank you sir!
have you ever been weighed on the side of the road when you didn't have a cdl? Do you have to pull over and weigh in at weigh stations without cdl?
@@oscarm.4078 yes
im new to this and my ins is 34k
Rate is based off credit and driving experience
It's based on a lot more then that
Hotshot what's popping im looking to get a trailee my credit is bad do you know somwwhere to get onne ?
Save that money man. Can get them cheap.
@@Hotshotdave where sir i need a non cdl
Go TERPS!!!
Crazy insurance you guys pay on auto hauling..
My general freight no cars insurance was $6388 for 12 months..
Truck paid off and 2nd lowest state premium in country..
What about liability jnsurance?
@@Hotshotdave thats everything !!! I meant cargo / general freight not cars.. $1million and 100k.. With truck too..
Im 42 in nov , pays to be old !!! Haha.
These youngins with there $15k plus outrages..
I was suprised by ur quote but MD and FL have the highest premuim in the country..
Im based outa MA thank god lowest rates in country..
Im sure any other state my would be around $9-10k yr..
6300 I can only dream about that rate. We pay 38k year
@@happypappy6371 no claims but my agent is out of Florida
@@happypappy6371 35 years old 13 years with class a cdl and 7 years hauling cars live in Texas
Ins didnt change
I’m trying to get into it. Can you list the steps it takes to get into car hauling? Like starting the business itself.
Thank you!
I have a video on it already about 3 back. Maybe 4 or 5
Great, thank you. I’m new to your channel. Tow Piglet mentioned you the other day so I started watching today.
It all depends on what equipment and cost you start out with but to be safe I would say 20k to 30k. because with today's rates even running hard it's going to take awhile to get your feet off the ground.
Good info
STAY AWAY!!! Progressive just sent me a Renewal for 12k A Year for a 20ft Tilt!! Ive been in the game 8 years...Its Crazy!!!
Thanks for the information, I’ll stick to being a company driver
How do I find the cars to haul please get back to me thank you
I will do a video THIS WEEK. A TOP REQUESTED VIDEO
Hotshot Dave sweet thanks. I seen your videos from toe piglet. I really wanna do hot shot. Now I’m kinda interested into car hauling not sure what one I want to do any advice
@@hjkropf I have a lot of videos based around car hauling. I would say watch and learn the lifestyle its different
Been thinking of getting into the business, living here in N. Port Florida & seeing the morons that don't have a clue how to do the job safely is a crime. I drove 18 wheels for years. Now in a tri axle. Sick of working for someone else. What's a good stater?
Hotshot Freight Hauler, Progressive quoted me at 42545 for 2 trucks and trailers, Im dead
Wow. Y do you have a bad driving record?
Hotshotfx is right, base state & age , some experience mean alot !! I'm in OH, total liability & cargo ( 1 mil & 100 k) $6000/yr
Dave I NEED SOME KNOWLEDGE BRO. HOW CANWE CONNECT BRO.
Hes only fans. Dave spreads his buttcheeks live at 9pm
It would be someone get on here with dumb shit. I'm seeking real knowledge no bs.
Car hualer 3 car gooseneck non cdl
@@happypappy6371 Ford f250 if I were to do it again probably go single cab or ext cab f350 Dually tho
Curb weight is not that much more an get far more benefits
@@happypappy6371 truck is rated at 9400 gvwr trailer is 16600
It's a 43ft kufman car hauler
Truck and trailer is just above 12k empty with me all gear an full take of fuel
So I can load 13k
But I generally do smaller to mid size so generally under that a good amount
@@happypappy6371 yeah I generally deal with dealer cars. Generally not a problem but I could definitely see people doing that if there moving lol 😂
You said brokers want 1 million how do you get away with 200,000
1 million for liability. The 200 k dave mentioned was just cargo & he's absolutely right
@@ric1watts never said he was wrong
united corporations of america
I'm Curious why you're staying with a gooseneck
I will explain
@@happypappy6371 there is a video coming. Thanks for your trolling.
@@happypappy6371 well my answers are technical and detailed it's not a simple answer. And I cam shoe you better then tell you. Or I can say "it's better for me" that's how most would answer
@@happypappy6371 your wrong I made the video yesterday. There us actually more time my decision.
@@happypappy6371 in the que.
It's too keep the government funding also 👍🇹🇹
And watch your insurance drop