1. Welcome to PlowSite. Notice a fresh look and new features? It’s now easier to share photos and videos, find popular topics fast, and enjoy expanded user profiles. If you have any questions, click HELP at the top or bottom of any page, or send an email to help@plowsite.com. We welcome your feedback.

    Dismiss Notice

Yound business owners getting insurance?

Discussion in 'Business Fundamentals' started by born2farm, Sep 19, 2011.

  1. born2farm

    born2farm 2000 Club Member
    Messages: 2,310

    Has any of the younger guys had trouble getting insurance? I keep getting denied because I am only 18. Agent basically said to give up on the business for a while. I dont think she understands how much I have invested. Anybody have any companies to look in to?

    title should say "young"...oops
     
  2. Spucel

    Spucel Senior Member
    Messages: 413

    Have you tried multiple different companies? I know there are some age triggers for certain things...like 25 for renting a car. Anyone over 21 that can go on it with you?
     
  3. born2farm

    born2farm 2000 Club Member
    Messages: 2,310

    There saying that all drivers must be over 21.
     
  4. CS-LAWNSERVICE

    CS-LAWNSERVICE Member
    Messages: 79

    Look for an agent that shops around to find you what you need

    There has to be some one out there that will insure an 18 year old
     
  5. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    Will this work. I'm assuming your trying to get as a person. Can you form a business and get as business?
     
  6. Matson Snow

    Matson Snow PlowSite.com Addict
    Messages: 1,985




    Insurance Company will still want to know who is Driving the Vehicles...Even if its a Business Name.....Tough to insure an 18-19 year old in a Liability setting....Before everyone jumps on my ass...I said Tough...Not Impossible....Keep searching...Someone will insure you...But its not gonna be Cheap
     
  7. born2farm

    born2farm 2000 Club Member
    Messages: 2,310

    This is what im doing. I am owner of my business and the insurance is in business name. They are throwing a fit because me as the owner I am only 19, driver number one is 20 and driver number two is 27. They said its throwing flags because of underage.
     
  8. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    OK. Are you dealing with one agent/co or a broker?
     
  9. Matson Snow

    Matson Snow PlowSite.com Addict
    Messages: 1,985




    I see you are a SIMA member.....Give them a call and see if they can point you in the right direction.....
     
  10. TCLA

    TCLA 2000 Club Member
    Messages: 2,699

    Of course. They're masters of the numbers game. You do land in the very high risk range because of your age and the history of teen drivers. They know you are more likely to make a claim than older more experienced drivers.
     
  11. Spucel

    Spucel Senior Member
    Messages: 413

    Insurance is rough all around when you are younger (under 25). Before I hit the 25 mark I had no tickets or accidents and paid $2,000 a year for a Pontiac G6. It had nothing to do with me personally but I paid for every other hammer head 20 year old moron who drove like a tool box and crashed into every pole up and down the street. Trust me bro...I'm not siding with the insurance company at all but I can see where it would throw flags up with the younger aged people. Usually the actual insurance guy you talk to doesnt make the rules, its the underwriter at the big office and they base stuff off of statistics. I would call SIMA and see if they can point you in a direction. Sit down with the phone book and start calling every insurance place you can find. You will eventually find one that will help you but you are gonna pay BIG MONEY for that policy. Good luck!
     
  12. wideout

    wideout Senior Member
    from iowa
    Messages: 727

    Try farm bureau they insured me when i was your age no problem
     
  13. born2farm

    born2farm 2000 Club Member
    Messages: 2,310

    I will try this.

    Didnt even think about this. I contacted them tonight. Thank you!!