Dump Truck Insurance

[mike48130]

I looked at the MI SOS, and I think I have the option to register it as commercial or non-commercial based on what I read. For how often I will use it, I'm beginning to see it's not worth the yearly cost let alone the initial investment and maintenance.

I looked at the F450's but the towing is too low until you start getting into the late 2000's. I was looking at a 18K conventional trailer, and even the F450 duallys won't do that without WT or 5th wheel. But if I buy another truck, I wanted it to be a dump, so I figured the 5th wheel is out.

I have seen people tow backhoes with dual axle trailers and late 90's F series, and wondered about it. Seems like an accident waiting to happen.

I do have a CDL, so not worried about that.

I've been looking for a local "guy" that would do it for cash and maybe would be cheaper. Haven't found him yet, so the best I found was $300 each way. I'm considering just driving the backhoe over. It is about 25 miles, but most of it is thru a county park roadway that is 40MPH with almost no stop lights. That is a spring time decision I guess.

But thanks for all the input.

 

[4570Man]

A dump truck of that age will prob have less real world towing capacity than a dual wheel truck of the same type. The truck will be a whole he'll of a lot cheaper to Insure too.

My 95 k3500 dump was $1200 to Insure the first year. I hadn't had a ticket in about 8yrs. I almost sold the thing right there ad I only paid $800 for the truck. 2 years later the price was down to $500 for a year. It paid for its self plus some plowing.

If I was to do it again I would be looking for a 1ton pickup and get a dump insert. 1ton trucks are more likely to be someone's baby. Dumps are more likely to be someone's red headed step child. My dump has 152k on it. That's a lot of miles for a dump truck, you have to figure that it's more than likely loaded half it's life.

A 6500 is a way more capable truck than a 3500 dually by any stretch of the imagination. And most one dumps don’t have a GN ball so limiting the 3500 to a pintle hook pushes gap farther apart. I agree about the dump truck being a red headed step child but I hate ton dually beds. There’s no way I’d even remotely consider one of those. You’re limiting your volume capacity to probably half what the real bed has and you’re keeping the delicate fenders to knock off.

 

[finn1]

I have a 99 f450 4x4 in Michigan, insured with State Farm, a commercial policy but for personal use only, if that makes sense.

I only license and insure it for about six months, liability and comprehensive only, and my agent is ok with that. I keep comp because it’s cheap and only takes a phone call to reactivate the liability.


I probably only drive it 700 miles a year, but find it extremely handy: transfer station runs, six loads of topsoil, twelve loads of 6a and 22a, roof tear offs, building supplies, including full pallets of shingles, logs to the sawmill, rough cut boards from the sawmill to the millwork house, finished flooring back home.

You get the picture.

Nice thing is, I can load the truck and let it sit, without tying up my transportation pickup.

Also has a 9’ Boss plow which is much faster than the tractor and blower, if I have space to stack the snow.

I only paid $4500 for the rig way back when, and could easily recoup that investment today.

 

[MinnesotaEric]

Anyone have a private owned dump truck? I am looking to get a rough estimate on insurance cost. I have some equipment that I wanted to move over the years, and thought maybe just but a dump truck and trailer. I would have use for the truck several times a year.

I am looking at older 1980's or 90's dump trucks and possible F450's with a dump bed, but the older ones don't seem to have the towing capacity I need for a 18K GVWR trailer.

In Michigan.

I pay $270 a year for comprehensive 100/300 limits on my G8000 single axle through a company affiliated with USAA where I have the rest of muy stuff insured with an 800+ FICO. USAA has been a good deal but now that I see them advertising on TV, their prices are creeping up. Traditionally, USAA was a good 25% discount for us vets.

 

[mike48130]

I pay $270 a year for comprehensive 100/300 limits on my G8000 single axle through a company affiliated with USAA where I have the rest of muy stuff insured with an 800+ FICO. USAA has been a good deal but now that I see them advertising on TV, their prices are creeping up. Traditionally, USAA was a good 25% discount for us vets.

Thanks for your service and thanks for the info. If I could get it that low, I think I would go that route. I probably need to get a VIN of something I would consider buying and call the insurance company to get a quote.