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my insurance rates

Discussion in 'Business Fundamentals' started by ScnicExcellence, Sep 11, 2008.

  1. ScnicExcellence

    ScnicExcellence Senior Member
    Messages: 352

    Ok so the insurance lady got back to me today and she told me how much insurance will be.

    For the truck and plow commercial auto policy it is 1800 per year.
    for the commercial liability it is 900 per year
    for adding snow plowing to commercial liability it will be another 1800 a year

    so total for insurance for the year is 4500 per year for commercial auto general liability and snow liability.

    Does this seem high or right about where it should be i am only 23 years old.

    Also they say that my plowing income cannot exceed the 33% of my total yearly income.
  2. Milwaukee

    Milwaukee 2000 Club Member
    Messages: 2,180

    Is that in Canada money or it USD?

    I say it pretty high. My old boss pay $1,000 for 1995 F350 4x4 with v plow
  3. Camden

    Camden PlowSite Fanatic
    Messages: 6,594

    CRAZY HIGH...I know you're young but that just seems like a lot. I pay about a thousand less than that for my general liability, commercial auto and surety bond.
  4. cretebaby

    cretebaby PlowSite Veteran
    Messages: 4,162

    way to high get a new insurance lady
  5. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    Everything in Canada is higher. So the price maybe right for or even cheap.