Cheapest Owner Operators Truck Insurance Cost Southhaven, Mississippi
JDW Truckers Insurance can answer your questions regarding Cheapest Owner Operators Truck Insurance Cost Southhaven, Mississippi. We work with the top commercial truck insurance companies and will help you find affordable owner operators truck insurance.
We have a large network of commercial truck insurance companies Southhaven, Mississippi with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Southhaven, Mississippi in place you will be insured by a financially stable commercial truck insurance company. This is important for many reasons. Contact JDW Truckers Insurance and our agents will review the reasons owner operators should choose their insurance company wisely. Not all owner operator truck insurance policy are created equally.
We will help you customize your owner operators trucking insurance policy to suit your needs and fit your budget.
From one application we can shop & compare commercial truck insurance rates for the top-rated commercial truck insurance companies for you. We will help you find the required commercial truck insurance coverages at affordable rates.
Here are some of the top 10 commercial truck insurance companies which offer commercial truck insurance quotes.
We know trucking and the commercial trucking insurance requirements
- Knight
- Trisura
- Berkley Prime
- Falls Lake
- Progressive
- Travelers
- Seneca
- Great Lakes
- Allied World
- Allianz
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Markel
- Chubb
- Tokio Marine
- National General
- Lexington
- AIG
- Great American
- ACE / Westchester
- NICO
- National Casualty / Nationwide
- Scottsdale Brokerage
- IAT
- Crum Forster
- Canal
- Northland
- USLI
- James River
- IFG – Burlington
- Penn-America
- Century
- Hallmark
- Carolina Casualty
- Protective
Auto Liability Insurance
- Your auto liability or primary liability will be the major cost for your trucking insurance policy. Although the FMCAS can only require $750,000 in most cases shippers will require $1,000,000 in primary liability insurance coverage before they will allow you to pick up loads.
- Primary liability insurance covers damages to third parties for bodily injury and physical damage to others property in the event of an accident.
Medical Pay
- In most cases this is a low cost add on to your primary liability insurance to cover medical expenses.
PIP – Personal Injury Protection
- Some states require this coverage and, in many cases, can reduce the need for Medical Pay.
- Personal injury protection (PIP), also known as no-fault insurance, covers medical expenses and lost wages of you and your passengers if you’re injured in an accident. PIP coverage protects you regardless of who is at fault.
Uninsured Motorist
- If you’re hit by a driver with no insurance…
- Uninsured motorist bodily injury (UMBI) may pay medical bills for both you and your passengers.
- Uninsured motorist property damage (UMPD) may pay for damage to your vehicle.
Underinsured Motorist
- If you’re hit by a driver with not enough insurance…
- Underinsured motorist bodily injury (UIMBI) may pay medical bills for both you and your passengers
- Underinsured motorist property damage (UIMPD) may pay for damage to your vehicle
Motor Truck Cargo
- MTC or Cargo insurance provides insurance on the freight or commodity hauled by a for-hire trucker. It covers your liability for cargo that is lost or damaged due to causes like fire, collision or striking of a load.
- If your load is accidentally dumped on a roadway or waterway, some cargo forms offer Removal Expenses coverage pays for removing debris or extracting pollutants caused by the debris. And can also pay for costs related to preventing further loss to damaged cargo through Sue and Labor Coverage and legal expenses in the defense or settlement of claims. Another option is Earned Freight Coverage to cover freight charges the customer loses because of an undelivered load.
- Cargo insurance deductibles can be set at $1,000, $2,500, $5,000 or even higher if you are self-insured.
- Cargo coverage limits are normally set at $100,00 but some shippers may have higher requirements depending on the cargo you are hauling.
- Cargo policies can have exclusions stating what cargo it will or will not cover.
Trucking Physical Damage Insurance (PD)
- Physical damage insurance coverages are designed to pay for losses to your equipment and damages to others equipment. (Others equipment must be listed on your policy).
- If you own or lease equipment. You may be required to have PD by bank or leasing company to carry a set amount of physical damage insurance and name them as a Loss Payee.
- PD can also cover damage to others equipment you are in possession of if the coverage is listed on your policy. An example would be non-owned trailer insurance coverage.
- Deductibles for physical damage range from $1,000 to $5,000.
- Required deductibles. If you have a loan on your equipment or it is leased. They bank or leasing company may have a minimum deductible you can have on your physical damage policy.
Excess Liability Insurance
- Excess liability can sometimes be called umbrella insurance.
- The excess liability policy sits on top of your primary liability policy.
- For example, if you have $1,000,000 in primary lability coverage and you have a claim which exceeds the policy limit of $1,000,000. In most cases that is all the insurance carriers will try to pay out for a claim.
- Excess policy coverage starts at $1,000,000 and go up.
- So, let’s say you say you purchased a $1,000,000 excess policy. Now if you have a claim that is $1,500,000. Your primary would pay the first $1,000,000 and your excess would pay the remaining.
General Liability Insurance for Truckers
- General liability insurance for truckers should not be confused with primary liability for truckers.
- Similar to primary liability. General liability offers coverages to pay for physical damage to other and/or bodily injury to others. BUT there is a difference between the two.
- For example, if you are loading or unloading and you cause injury to someone or their property this is when the general liability policy would respond.
- The actions of a driver while representing the insured and on the premises of others, such as loading docks and truck stops
- General Liability is normally offered $1,000,00 per occurrence and $2,000,00 aggregate. What does this mean?
- It the insurance company will pay up to $1,000,000 for any one claim and no more than $2,000,000 per year for the total of all claims.
- General liability can be required by shippers and other companies such as the UIIA and flatbed operations.
- If there is any chance you might be involved in loading or unloading. General Liability is relatively inexpensive and is an advised coverage.
Non-Owned Trailer Insurance vs Trailer Interchange (TI)
- Both are insurance coverages are designed to cover damage to others trailers.
- Deductibles for either can range from $1,000 to $5,000.
- Coverage limits for either can range from $25,000 and up depending on the requirements of the company and/or shipper freight you are hauling for.
The difference between Non-Owned Trailer coverage and Trail Interchange coverage
- Non-owned trailer insurance covers physical damage to the trailer only when attached to a truck. And no written agreement is place.
- Trailer Interchange requires a written trailer interchange agreement to be in place. It can provide protection when you have care, custody and control of one, or many, trailers. Whether the trailer is attached to your truck or not.
Southaven is a city in DeSoto County, Mississippi, United States. It is a principal city in Greater Memphis. The 2020 census reported a population of 54,648, making it the third-largest city in Mississippi and the second-most populous suburb of Memphis. Southaven is traversed north to south by the I-55/I-69 freeway. The city’s name derives from the fact that Southaven is located south of Whitehaven, a neighborhood in Memphis.
Southaven began as a village when Memphis homebuilder Kemmons Wilson (founder of Holiday Inn) wished to develop a few residential subdivisions featuring small starter homes just across the Mississippi border from what was then Whitehaven, Tennessee, an unincorporated area just a few miles south of the Memphis city limits. In the 1970s, Whitehaven has been eventually annexed by Memphis. Officially incorporated in 1980, Southaven is one of the fastest-growing cities in the southeastern United States. In just 20 years, Southaven doubled its land area, while its population tripled.
The construction of Interstate 55 through Southaven in the 1970s helped to promote growth and make for easier access to the city from Memphis, Jackson, St. Louis, and Chicago. Interstate 69, which will eventually run from Canada to Mexico, was cosigned with I-55 in Southaven in 2007.
In 1988, Baptist Hospital-DeSoto opened in Southaven as a two-story hospital. In 2001, Baptist DeSoto started an expansion project, nearly doubling the size of the hospital. In 2002, Baptist Hospital-DeSoto added an Outpatient Diagnostic Center and a Women’s Center. In November 2006, Baptist DeSoto opened an eleven-story hospital tower that added 140 beds to the facility, allowing it to offer all private rooms. In addition, the new hospital tower added a new and expanded Emergency Department, more operating suites and space for future additions. It is the first high-rise building constructed in DeSoto County.
The exponential growth of Memphis International Airport (2 miles north of the city limits) in the 1980s led to increased air traffic over Southaven. The city continues to see large amounts of air traffic from Memphis International Airport, as flight paths to both north–south runways lead directly over the city. October 2007 saw the opening of Southaven’s first large-scale shopping mall, Southaven Towne Center, which is located just south of Goodman Road between I-55/I-69 and Airways Boulevard. The mall is open-air with various stores and restaurants, including J.C. Penney, Dillard’s, Gordmans, Sportsman’s Warehouse, and Bed, Bath, and Beyond. Numerous buildings in Southaven were damaged on February 5, 2008, when an EF-2 tornado touched down during the so-called Super Tuesday tornado outbreak. Memphis television station WREG broadcast live images of the tornado as it moved through the city and into Memphis. No fatalities were reported in Southaven. By February 2011, Southaven had become the third-largest city in Mississippi. In the late 2000s, an outlet mall was proposed for Southaven. Tanger Outlets Southaven began construction in January 2015 and opened in November 2015. The mall, located near I-55/I-69 and Church Road, includes 70 outlet stores and outparcels of restaurants. Southaven was the boyhood home of noted novelist John Grisham, who also practiced law there for almost a decade, and of singer and songwriter Cory Branan.
The center of the city is approximately 14 miles (23 km) south of downtown Memphis and 6 miles (10 km) southwest of Memphis International Airport.
According to the U.S. Census Bureau, Southaven has a total area of 41.5 square miles (107.6 km), of which 41.2 square miles (106.8 km) is land and 0.3 square miles (0.7 km), or 0.68%, is water.
Southaven experiences a humid subtropical climate, with average annual precipitation of nearly 55 inches (1,400 mm), which is well distributed throughout the year. April is the wettest month of the year, and August the driest. The average high temperature is 49 °F (9 °C) in January and 92 °F (33 °C) in July.
As of the 2020 United States Census, there were 54,648 people, 19,735 households, and 14,073 families residing in the city.
As of the census of 2010, there were 48,982 people and 13,125 families residing in the city. The population density was 1,499.9 inhabitants per square mile (579.1/km). There were 19,101 housing units at an average density of 339.3 per square mile (131.0/km).
There were 19,904 households, out of which 37.3% had children under the age of 18 living with them, 50.9% were married couples living together, 16.6% had a female householder with no husband present, and 27.0% were non-families. 21.9% of all households were made up of individuals, and 4.8% had someone living alone who was 65 years of age or older. The average household size was 2.71 and the average family size was 3.16.
The racial makeup of the city was 71.0% White, 22.2% African American, 0.3% Native American, 1.7% Asian, 0.1% Pacific Islander, 3.0% from other races, 1.7% from two or more races, and Hispanic or Latino, 5.0% of the population.
In the city, the population was spread out, with 30.8% under the age of 20, 13.5% from 20 to 30, 15.8 from 30 to 40, 13.8% from 40 to 50, 11.1% from 50 to 60, and 14.9% who were 60 years of age or older. The median age was 34 years.
The median income for a household in the city was $46,691, and the median income for a family was $52,333. Males had a median income of $36,671 versus $26,557 for females. The per capita income for the city was $20,759. About 5.3% of families and 6.7% of the population were below the poverty line, including 8.2% of those under age 18 and 6.8% of those age 65 or over.
Southaven’s Snowden Grove Baseball Park hosts the annual Dizzy Dean Baseball World Series, where 5- to 19-year-old divisions are represented by teams from across the country.
The Memphis Grizzlies operate their NBA G League affiliate, the Memphis Hustle, at the Landers Center in Southaven.
From 2000 to 2018, Southaven hosted the Mississippi RiverKings at the Landers Center while they were members of the Central Hockey League and the Southern Professional Hockey League. The team relocated from Memphis prior to the 2000–01 season and was the main tenant of the Landers Center for most of their time in Southaven.
Southaven hosts the Memphis Americans (2021-) at the Landers Center. The Memphis Americans are a part of the National Indoor Soccer League (2021)
Southaven is served by the DeSoto County School District.
The mayor of Southaven is Darren Musselwhite, a Republican. He has served since June 28, 2013.
