Builder
Super Member
- Joined
- Feb 22, 2006
- Messages
- 6,155
- Tractor
- Kubota, AGCO, New Holland LB
Those numbers certainly seem reasonable, particularly if you have comprehensive coverage. Michigan seems more expensive than much of the balance of the Midwest because of the "no fault" policy, so your insurer always has to pay for the damage to your vehicle even if someone runs a red light and Tbone's you. And we pay a % into an "uninsured driver" fund.
What are the vehicle registration fees for your dump truck ? Our current (passenger) vehicles run about $160/yr.
My 4800 is registered at 60,000 lbs to tow a backhoe, so the registration fee is pretty high at about $850.
It would be considerably lower (probably half that) if I only used it for hauling it at its' stated GVWR of 33,000 lbs