Insurance without a huge down payment

[mobilemike 14]

This is the third year i have been in business and each spring, i have to fork over almost 700.00 as a down payment to get my insurance started. Is this the norm. I have not had any claims. On top of that I pay 140.00 per month for 1 million liability ( this doesn't cover any theft to my equipment or insurance on my rig ).

Is this normal? Does anyone out there have any referrals for insurance?

Thanks, Mike

[Ron Musgraves 240]

helped a fellow last year in your area find a good agent.

call me if you need the info. if want send me your number and i'll have him call you.

[John Orr 206]

This is the third year i have been in business and each spring, i have to fork over almost 700.00 as a down payment to get my insurance started. Is this the norm. I have not had any claims. On top of that I pay 140.00 per month for 1 million liability ( this doesn't cover any theft to my equipment or insurance on my rig ).

Is this normal? Does anyone out there have any referrals for insurance?

Thanks, Mike

Yikes! I pay about $700 per YEAR! for 1M/2M. I have a local agent and am insured by American Granger.

[Bryan C 14]

Same here - about $800 per year. Even cheaper if you add WC to it. Try American Family...

[Adrian 155]

..... there's also Jow Walters Ins. Pretty reasonable.

[MMI Enterprises 289]

Yea some you back east folk get some good deals as they only cover certain states. Out here we generally get stuck into lincoln general junk and even though yer getting same product there can be hundreds and hundreds of dollars difference between agents or brokers. I suggest Joe Walters as for one the down is abit easier and you will have 'line 6' comprehensive coverage that no one else can come close to touching. This means that what your actualy working on is covered at some level.

[mobilemike 14]

thanks for the leads guys. i called ron and am going to talk to his referral, and they just opened up an American Family Insurance here in town, but i wasn't aware they handled business insurance. I'm beginning to wonder now if the reason my rates are so high is based on where i live....guess i'll find out. Just tired of handing over that lump sum payment every year.

[MMI Enterprises 289]

Partly where ya live and then there is the fee. Just got to ask them who they are thinking on putting you with and break down how much is the actual premium and how much is the fee. Broker is gonna be best bet.

[mobilemike 14]

I appreciate all the help on the insurance topic. I ended up going with Joe Walters insurance agency. They were helpful and I am paying half of what I paid last year. I was shocked! This forum has already save me hundreds of dollars. :lgmoneyey Thanks again for the help!