As I've stated before, I own a small commercial trucking business. We just received our annual Insurance renewal premium (Progressive) for a fleet of 5 tractors and 5 trailers, our premium was raised from $153,000 a year to $212,700. We have a loss run for 2020/2021 of $0 meaning they have not paid out on ANY claims. Our drivers have not received any violations and we have ZERO citations. Something is brewing here....these rates, along with steadily rising fuel prices, commercial trucking fees, taxes etc. are making it IMPOSSIBLE to succeed in the freight hauling business. Of course we are shopping it around but my concern is this is not an isolated incident.
As I've stated before, I own a small commercial trucking business. We just received our annual Insurance renewal premium (Progressive) for a fleet of 5 tractors and 5 trailers, our premium was raised from $153,000 a year to $212,700. We have a loss run for 2020/2021 of $0 meaning they have not paid out on ANY claims. Our drivers have not received any violations and we have ZERO citations. Something is brewing here....these rates, along with steadily rising fuel prices, commercial trucking fees, taxes etc. are making it IMPOSSIBLE to succeed in the freight hauling business. Of course we are shopping it around but my concern is this is not an isolated incident.
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