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truck insurance

I Inter911
I was thinking of buying a 26 ft diesel truck for my move to Ontario. I should be able to fit my speedy in there plus the stuff we want to take and there's a few on the market, used, for about $10-$15K. U-Haul wants about $5K to rent, plus they are gas trucks and therefore the fuel for 5,600 km trip will be more. Moving companies want about $15-$20K for our move so buying a truck seems to make sense...

That is until I checked with my insurance company who said my premium for liability alone, for one year, would be $10K. I was shocked! They said that it would have to be a commercial policy even though I would be using the truck for my own purposes.

Anyone have any thoughts or advice? I'd rather have something for the money than just hand it over to U-Haul or a mover.
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I Inter911
I was thinking of buying a 26 ft diesel truck for my move to Ontario. I should be able to fit my speedy in there plus the stuff we want to take and there's a few on the market, used, for about $10-$15K. U-Haul wants about $5K to rent, plus they are gas trucks and therefore the fuel for 5,600 km trip will be more. Moving companies want about $15-$20K for our move so buying a truck seems to make sense...

That is until I checked with my insurance company who said my premium for liability alone, for one year, would be $10K. I was shocked! They said that it would have to be a commercial policy even though I would be using the truck for my own purposes.

Anyone have any thoughts or advice? I'd rather have something for the money than just hand it over to U-Haul or a mover.
Alan MerklinAlan MerklinDrclock - Elkins, West Virginia Supporting Member


I think you are being dealt a load so to speak, I own an auto transport business with a tractor and trailer rated at 45,000 GVW and pay $6,800 for both $150,000 cargo insurance and 1,000,000 liability coverage. I don't understand how an insurance company can charge you a rate that is up in a Class A CDL status. I assume the truck you mentioned is under 26,000 GVW as if it is registered higher, the CDL come in to play ..then you're talking the high bucks to insure .
The PODS thing if available up there may be your best option. ~Alan
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