IF YOU WANT CHEAPER BOX TRUCK INSURANCE WATCH THIS FIRST!! BOX TRUCK BIZ RATES CAN GET EXPENSIVE 🧐

[@reggiegrayii8179]

Most definitely appreciate your advice on this VERY IMPORTANT subject Thanks 🙏

[@itsgreattobeirish]

I appreciate the gems! I wrote down having a virtual address in a state with the best insurance rate. That is a golden nugget! Thank you!

[@e.j1292]

Hi Bill, if you don't mind me asking. Which State that has a low insurance rates please. Thank you in advance.

[@itsgreattobeirish]

@@e.j1292 Mississippi seema to be lowest, but you have state taxes.

[@e.j1292]

@@itsgreattobeirish yeah I established my LLC in Texas about one year's ago. But still not active because the insurance was sky high. So do I need to create another LLC in Mississippi in order to have a low insurance there? Or that would be okay with my authority in Texas. Thank you!

[@reezee412]

Did it work using the virtual address?

[@rebelglamhair]

I didn't know they check ur credit score

[@07imhungry]

Just got a quote from progressive yesterday and I'm in NC. I was surprised with the final quote. 1780 down, 800 monthly, with about 10, 000 a year.

[@BiggVic]

Not too bad, I've heard way higher monthly numbers.

[@BreonaFountain]

Hi Vicc. Why am i getting numbers as high as 75000 per year with progressive? That's ridiculously out of control. Who would u recommend for insurance for new carriers of box truck?

[@cryptonewb165]

What type policy did you choose to get that rate ?

[@terrymitchell4579]

Man you blessed because they hit me with the 23k a year smh 3k down and 1700 a month

[@jackiefreeman3731]

What your age

[@andraywilliams8278]

Thanks I did

[@pressurewashingmastery]

The intro volume compared to the rest of the video goes from 200% to 100% 😂Great vid as always!

[@BiggVic]

I need it to sink in your mind so you'll come back to hear it again 😂Welcome to my world!!

[@tvrqsebeats5693]

@@BiggVic Lol

[@JustJamalNichols]

I got my LLC and EIN in DE using a virtual address, just did my UCR and BOC-3 yesterday, I haven't received any insurance quotes as yet that's my next step next to doing my DOT Physical

[@jeramygrajiola9623]

What state

[@JustJamalNichols]

@@jeramygrajiola9623 Delaware

[@kevincarter413]

What's good box truck🚛🚚🚛🚚 bully CT homie in the house✊🏿👍🏿👍🏿👍🏿✊🏿

[@thabando1082]

@BigVic Thanks for dropping that info on us

[@tinman6182]

You just got a new subscriber thanks for the info because as I said I'm looking into getting one in Delaware.

[@jaz313det]

Also if you raise your liability on your personal car insurance they will give you a better price on your commercial policy.

[@thisismagacountry1318]

Does the amount you lose raising your liability insurance get covered by the savings on commercial insurance?

[@jaz313det]

@@thisismagacountry1318 you would have to call them and get prices to see difference. For me it was better. Also, do your truck insurance to the amount of driving mile coverage you intend to be driving. I showed/emailed 90 days of booked loads and reduced mine coverage to 200 mile range. Saved a lot of money because I only stay working within my 150 air mile circle. With progressive they have 200/250/500 miles or unlimited. Only pay for what you intend to use as for as coverage. One more thing the prices of box trucks have gone up so much that I doubled my value coverage to 80k to match going market prices/only cost @500 more for the year. It was at 40k since that’s what I originally paid for the truck.

[@thisismagacountry1318]

@@jaz313det Thanks, I'll probably use USAA.

[@wethepeople1124]

Appreciate the knowledge Bro… I’m riding with you

[@adamklyvert207]

Iused to drive for C.R. England, now moving to get my own authority, Excellent insight and information, thank you!

[@Music-tf1yn]

do you have to have your own authority before you can get an insurance quote?

[@adamklyvert207]

@@Music-tf1yn the only thing you would need for an insurance quote is a vehicle VIN, and an LLC. They will base the quote on several factors including where the truck will be parked and your personal driving record.

[@LSKHustleNGrind]

Hey bro. Any recommendations on insurance? I’m in NY, trying to avoid using progressive.

[@jasminelewis1089]

Progressive just told me $5000 down .. $2600 a month. I felt like crying

[@BiggVic]

Wow!!!what state are you in?

[@jasminelewis1089]

@@BiggVic Minnesota

[@Gordo91]

mine was like 3500 down and 3k monthly here in VA

[@Versaylles]

@@Gordo91damn for a 26 ft box truck?

[@jvyswvg8108]

Same n I’m in NJ

[@dylanaguiluz6246]

In Louisiana commercial truck insurance is like $65k-$75k. I heard you mention a virtual business address tho. I’m trying to look into that

[@keithbowman6538]

Great information…learned a lot💪💪💪

[@e.j1292]

Thank you for all the information you shared highly appreciate you! I've been waiting and counting the days about one year's ago after I establish my LLC but still didn't get active because my insurance quotes was super crazy that was last year. they're asking me upfront 5k and monthly 4k as a first time in commercial insurance and also has accident on my records. I could do it. But I can't wait to May to get rid of it and get out of surcharges. I'm really grateful for all the information that you shared that would really help me a lot. * Questions please my LLC from Texas okay so in order to have insurance in another state do I need to have my LLC from this state as well even if I change my address to this stat? Thank you so much!

[@Daveee__1]

Progressive told me down payment like 7k😭 I need to go wit another insurance in mass

[@chefmikeankh6434]

Progressive is ridiculous

[@tshering2003]

Thank you, very helpful information

[@jamessullivan4934]

Mines was like 12k for the year last year. It's like 20k this year

[@BiggVic]

😳🤦🏾‍♂️

[@DavidKintner]

Thanks for the insight!

[@BlockBallerRecords]

Here’s a secret it’s the state and the longevity of your Clean RMV my tractor trailer insurance is only 102$ a month just for Bobtail insurance out of FLA Registered in GA and also the quote on how much the truck is estimated

[@certified_boogeyman]

How long have you been in business?

[@LeanieSigel]

Need that gem progressive kicking my ass

[@youngaks]

You ain't lying 😤

[@BiggVic]

They are kicking everyone's back side fam. Facts!!!

[@ladex142online]

@@BiggVic if you don't mind me asking, what's the range of monthly insurance payment as a new authority.

[@lebonshabani3699]

Mostly, it depends on your age and record. I have 2018 Box Truck that’s worth more than $80K with brand new authority I just got quote from Progressive of $14000 per year for $1000000 general liability. And I will be driving more than 600 miles everywhere

[@MarkBrown-jh1tb]

My s corporation is registered in new York should start another corporation in a different state so can get cheaper insurance for my truck business

[@jacobocaj5778]

Hey vic maybe you can answer this i just got applied for my dot /mc im getting all these calls from companies offering to file a boc-3, uc,driverfile,drugscreen then 4 ramdom drug test do i need to hire them.? Might be a good next video

[@BiggVic]

Nope.. pay it yourself. Google both of them. 1 is $59 and the other is $25 or $29. Pay any more than that then you are definitely on the wrong website.

[@tvrqsebeats5693]

Bless up Bro. Is it OK to start with a scheduled policy vs a hired policy? And if I start with a scheduled policy do I have to contact the insurance company every time I rent a new truck to give them the new VIN #? Respect 👊🏾

[@danadane4375]

Thanks ! 😊

[@drightoneb7942]

If you're a good driver, what does credit have to do with your insurance? I'm being rhetorical.

[@BiggVic]

I'd ask progressive that question lol.. I'm sure it's responsibilty to pay that premium every month on time. 🤷🏾‍♂️

[@chrisdolinish4845]

What do you do when your insurance asks for proof of residency when you don't live at the virtual address?

[@blackgold9831]

Peace beloved, salutes on the content..so will I still have a better chance at getting the truck and insurance in someone else’s name and then get added on as a driver? Bc I have a previous DUI and I know it’ll be through the roof in mine alone.

[@BiggVic]

If your record is jacked up, you’ll still be able to drive but either way you try to spin it that DUI is going to increase that insurance rate. You’re seen a a bigger risk for insurance companies.

[@mikelee8087]

got a quote from progressive at 1700 a month. Would you consider this high ?

[@JayJohnson-e8n]

So what's the range I should be looking for??

[@NIP28]

Ok.. but how about all the other stuff that comes wit it like agents and all the paperwork n fees.. is it worth it?

[@keithbowman6538]

I just read..I c u r in Columbia sc…

[@cryptonewb165]

Anyone know any great insurance companies for 26 foot box trucks. And what’s the best policy to choose ?

[@DJBUTTERPHINGERZ]

Thanks bro 🙏🏽🙏🏽

[@darnikajasmine4758]

Hey Vic! I’ve been following your journey for a while now and I’m also located here in Columbia SC and I’m currently waiting on my authority to go active it’s been 21 days so any day now 🥳 As a new authority I’m going to start off with Amazon. How much would you charge for a ride along on a Amazon route if possible?

[@BiggVic]

Sounds great!! Congrats!! You're more than welcome to donate to the channel but I probably wouldn't charge you for that!! 🙏👌

[@darnikajasmine4758]

Thanks! You’re so dope! 🙏 what’s a good email address to reach you at? & just donated to the channel 😌

[@jimmyjoe2777]

So what if my dad helped me cosign and my driving record is bad I'm going to be driving the truck

[@Naturalfittness4ev]

Them frames are fire u got on. Where you get them

[@BiggVic]

Thanks. Lens Crafters.

[@tinman6182]

I'm looking at Delaware

[@coreybrockway8730]

How are Florida commercial insurance rates comparatively? Thank you

[@jacktrippa843]

Im going to be renting...So basically I can use an older vin to start my policy then all I have to do is switch it over to the rental truck I'm going to be renting before I run my first load???

[@surname037]

everyone keeps directing me to Progressive, but they wont insure me for long haul...what can I do? what other insurance companies can I go to?

[@626weekendwarriors9]

Did you ever figure this out? I’m interested in knowing what co. You went with

[@surname037]

@@626weekendwarriors9 I ended up leasing onto someone else’s authority. But I left the business. It’s a terrible time to be an O/O

[@heavyj9224]

how are you doing, if you got insurance after 21 days your authority will active?

[@FarideAhmadi-uj4hg]

İ have 16 ft box truck and i have new business i want to working with amazon and my insurance monthly $509 , just want to know waht do you think bro its high?

[@kennethtaylor6534]

I wish I saw this before starting my company in ny 🤦🏾‍♂️ just did it and already paid for the authority dot mc etc…. Any advice? Because I will rent my truck… and they are trying to tell me to pay about 4100 a month! …. I just now called my attorney and made a new corporation in Delaware … hope that was the right move..

[@BiggVic]

Good move NY insurance is high as giraffe booty. 😂

[@kennethtaylor6534]

@@BiggVic 😂 good analogy …. Grateful to your video, I did it this morning right away

[@OMOREDE13]

I was trying to list my dad as the primary driver of the truck and me as the secondary driver when getting a quote. Is it ok even though he’s not listed as a business partner on articles of organization for my LLC?

[@BoganiLCapo]

Did you ever find out the answer?

[@precisionxpo9250]

if so I would like to know this answer also

[@JohnDoe-sm7zm]

Damn fellas I need help I wana get started I just need more guidance I’ve been hawking the insurance but don’t kno where state to start I’m in Houston. I heard Delaware was smooth but it’s just nerve wrecking sheesh 🙄

[@BiggVic]

Don't give up I felt just like that in the beginning. Especially when searching for my first truck.

[@SherryDope]

If I put the insurance in my moms name when I go to set up account for load boards will then ask if the insurance is in my name will it prevent me from running with load board?

[@BiggVic]

No it will not prevent anything. If you're driving you'll have to be added as driver to be in compliance.

[@Raytheking6]

Can you go over insurance for rentals.

[@BiggVic]

It's in there. Hope it helps.

[@chefmikeankh6434]

What’s the cheapest insurance company?

[@llorentelogisticsllc1690]

I have a questions, i just formed my LLC but upon checking Quotes for Insurance it’s to much money, can my dad get the insurance? and how if he’s not the owner of the company??

[@blackmoses563]

So with renting a box truck to do the box truck business, do you have to have your own insurance or do you just need the insurance from the company you rent the truck from? I'm looking to start my Box Truck business between December and January and I'm curious on what route to take with insurance

[@BiggVic]

Own insurance just as if it was your truck.

[@blackmoses563]

Preciate that gem fam 💪🏿

[@blackmoses563]

Also, do you have to have insurance for your MC Authority to go active?

[@blackmoses563]

I respect the grind bruh, and I see you doing yo thang. I currently drive over the road for a married couple who has their own box truck company, but I'm already in the process of getting my own company together. I got my LLC, and my EIN setup already and I will be purchasing the USDOT and the MC Authority next week. Just trying to get all the knowledge and gems together to do my business the right way and to make dat 💵💵💵💪🏿

[@tanylogisticsgroupllc7052]

Some rentals doesn't want yours or want some part of yours and some of theirs especially Ryder, tbey sometimes will even tell you they don't want progressive etc ..It varies per states too.

[@Hardworkbusiness]

I got truck if I put my pops name on the insurance how would I go abt it to do that and I got my mc and dot number

[@BiggVic]

Put him on insurance as a driver if his record his clean ✌🏾

[@Hardworkbusiness]

@@BiggVic ok cuz insurance and Michigan is stupid high

[@Hardworkbusiness]

Do u think that lower it cuz they talking abt down payment 2600

[@BiggVic]

@@Hardworkbusiness location plays a big part, plus it’s a new authority. So the first year it’s not uncommon for the down payment to be high. Mine was $1800 down first year. Age of truck plays a factor as well.

[@Hardworkbusiness]

@@BiggVic I got 2017 Chevy express

[@kriscain9410]

Thanks for the video. Do you think its worth it if the rental truck is 1,100 a week plus 22 cents a mile. And 1,500 a month for insurance and driving with Amazon.

[@BiggVic]

No way. That is way too high for a rental.

[@Music-tf1yn]

do you have to have your own authority before you can get an insurance quote?

[@CWILLIS4REAL]

Crazy high. Don't make any business sense to pay that type of money.

[@terrancejackson16]

Yo if wanna get cheaper rate say you sub contractor with Amazon should bring it down 30 percent 2

[@Chosen-uc5if]

Do I need insurance if I’m renting the truck?

[@BiggVic]

@@Chosen-uc5if absolutely

[@shiiiid]

Thx for the information bro because I've been getting quotes from everyone so I can get started Love your content bro One question do these companies require for your truck to be a year??

[@BiggVic]

Thanks but not understanding the question? A year?

[@shiiiid]

@@BiggVic someone told me to ask if they require for your vehicle to be within a certain range like 2015 and newer. Will they not accept vehicles older than a certain year

[@BiggVic]

@@shiiiid yes the newer the truck the higher the insurance.

[@icegoldbullieskennel3095]

I don't think there is a year requirement for insurance company to cover you but the companies that hire you may have a year requirement.

[@shiiiid]

@@icegoldbullieskennel3095 thx that's what I was trying to ask

[@JoshuaVasquez-p2w]

How much cargo insurance do you recommend

[@BiggVic]

Most brokers look for a minimum of at least $100,000

[@molaroismorais8068]

Got it ...

[@jasminewoodbury2463]

Hiii ! I have a quick question please! Can I get insurance for MY authority in someone else’s name ? If that makes sense . My MVR IS BAD but my boyfriend mvr is great . The authority is in my name , can we get insurance for the authority in his name ?

[@BiggVic]

Yes. If he is the primary driver.

[@jasminewoodbury2463]

@@BiggVic Thank you so much for Replying to me! Would my Fmcsa get approved still? will they be able to match it in the system ? if the authority in in my name but insurance will be in his ? i really hope i dont sound confusing

[@boxtruckbznz1736]

Like before I watch 👍 When I tried to do my insurance directly with progressive, premium came over 20k annual , but when I did it thru an agent came down to almost half of that amount !! 🤷🏻‍♂️

[@BiggVic]

Yes mine was cheaper with agent VS going directly with Progressive. 👍

[@cryptonewb165]

What’s the Agent name ?

[@brandnu_bian]

Would you kindly share the progressive agent? It’ll help them and me/us. Thank you.

[@diamondsareforever5330]

Yes please share the agent! Each one teach one help us out lol

[@malikrevis6896]

So the newer the truck the more expensive?

[@BiggVic]

Insurance wise yes. They have to cover a bigger investment.

[@GodZilla-tv6gr]

Bigg Vic I've been doing research on a ball park figure on how much you'll pay per year,I've been seeing $50,000 a year is this true it can't be I hope..

[@BiggVic]

Depends on the state you reside. It can get ridiculous in some states. But that number would definitely be the highest I've ever heard of for 1 truck.

[@lebonshabani3699]

For one truck 2018 Box Truck 26 feet with new authority and will be driving more than 600 miles meaning everywhere. I just got a quote They asked me $14000 per year. I live in Texas. That’s why I do tell people to behave good when they are driving personal vehicles coz you never know one day you might need that record. Which is pretty good

[@kingme1951]

I planned on renting a truck to start my box truck business, i now have to find insurance to activate my authority.. do I have to pay the commercial insurance every month even tho I might only be able to run it every certain weekends out the month because I’m still working my 9-5 right now so I wouldn’t have the time to just run it all week

[@BiggVic]

Yes that's why it's important to keep them wheels spinning. Part time is quite difficult in the box truck biz.

[@kingme1951]

Thanks Vic i appropriate you getting back to me, ima figure something out cause I’m trying to make this happen ASAP

[@nidiaz7237]

@@kingme1951did you find an insurance company for a rental truck

[@fivestar000]

So progressive is the only insurance out there? Because I don’t see no one else talking about any others

[@BiggVic]

There at the top for new Authorities Berkshire and Hathaway depending on your state. ✌🏿

[@anthonyrobinson1789]

hey i Like what you talk about insurance but can you give some insurance name and contact

[@BiggVic]

Progressive commercial.. Google

[@itzjosh3548]

I have a question!!! Can I have the truck and the insurance and someone else’s name and be added as a driver? Even if everything else in the business is in my name?

[@BiggVic]

Yes

[@itzjosh3548]

@@BiggVic thank you sir!!! 🙏.

[@JohnDoe-sm7zm]

I can’t do the 1800 that shit gon kill me

[@gracerochdi9351]

How about South Carolina is that cheaper

[@BiggVic]

Much cheaper than other states.. Yes.

[@cryptonewb165]

What’s company and what policy did you choose ?

[@jingojango2395]

Do you need a CDL to start?

[@BiggVic]

If you get a Non Cdl truck.. No

[@FranciscoGonzalez-qy5xf]

Whats good Vic I got a way to lower your insurance. On your personnel auto insurance make sure you policy is over $500,000 or a million and you could save over a $1000 bucks or more. That was the case for me. This Cisco150 my other account.

[@BiggVic]

My question is who would need that type of coverage on a personal automobile? I didn't even know they can go that high for coverage.

[@cisco150]

@@BiggVic In my case the cost was $100 a year for upping mu auto pilicy from $300,000 to a $1,000,000 and saved me over $1000 on my truck insurance. Could be the same for some, any saving is a good thing, just have to see if ill be worth it for some.

[@rickyperkins5987]

😊

[@papayasalad77]

How high a box truck do you need for amazon and Otr ?

[@BiggVic]

12' 7 " is the lowest I would go. Haven't had any issues with freight at that height. My first truck is 12' 1 inch and that box height has struggles loading Amazon freight with taller stacked pallets.

[@ndg9367]

Good info but my truck is parked 10 miles away from me and it is cheaper there than leaving here at my house! Plus if you can get insurance through USAA they have the best prices I have ever seen!

[@BiggVic]

Usaa will only give military them great rates. I tried them for personal auto they weren't having it. 😊👌

[@ndg9367]

@@BiggVic if you have family in military and you can prove it I think they can help you out!

[@calico6544]

I thought that was Canelo

[@TravelswithDJay]

Insurance goes off of zip codes

[@reezee412]

Do the virtual ofiice addresses work?

[@TravelswithDJay]

@@reezee412 they do for an LLC or personal address however usually not for registering ur trucking bizz but possible however for IRP and IFTA it doesn’t because they look up that address and want someone who is associated with the bizz to collect mail directly

[@reezee412]

@@TravelswithDJay I was thinking about starting a new LLC in Texas and using a virt address in order to get a better insurance rate..I'm in Pennsylvania and I have progressive

[@TravelswithDJay]

@@reezee412 I personally had an anytime mailbox very smooth efficient service. It worked for my LLC but when I tried to get IRP and IFTA they shot me down. As far as insurance I currently have Progressive and I always have as with all insurances they base your rate off of the ZIP Code that your truck is housed at. So when I made my move from Rural North Dakota near Minneapolis Minnesota my rates literally doubled so I called Progressive back and gave him a ZIP Code in a rural area and told them that’s where my truck was how was that. Note; your mailing address/business address. Does not need to be where your truck is located

[@reezee412]

@@TravelswithDJay oh damn..I thought I had to use a whole new address🤦🏾‍♂️i plan on calling them today with a zip code possibly in North Carolina ..and see how my rate adjusts

[@jaz313det]

Michigan is very high.

[@jaz313det]

Hey brother I’m calling progressive rite now because originally I told them I was going to be driver long haul but plans changed. I only stay within 150 air miles now. Let’s see what they do for me. I mite be putting you in my Christmas list!!! If you didn’t mention it I would have never remembered.

[@jaz313det]

Bro I just got back $495 refund. I originally paid in full for the year to get that better price. Thanks to you I’m getting some of that back. Love ya man. Please send me your home address when possible. They said they could only change it to a 500 mile radius because my DOT# has a interstate filing on it. Otherwise for those that only have intrastate filing they could a 200 mile radius and save even more money. You tha MAN$$$$$

[@Kobe8DaGreat24]

💎 👇🏾

[@398cross]

So insurance getting over

[@BiggVic]

Pretty much!!