semi truck insurance
What are all the expenses in owning your own semi truck and on average how much do they run?
I mean stuff like insurance, plates, registration, gas. Please name all of them and how much they usually run. Details please, Thanks !
Hello, Popeye, I own my own truck so I will do my best to put on the thinking cap and give the figures as close as I can.
My truck cost $52,000 used with 224,00 miles on it from a lease purchase agreement. 2004 freightliner classic and the truck is payed off.
plates cost 1600.00 a year, permits are 200 a year
Diesel fuel is close to 3 bucks a gallon and I have dual 120 gallon tanks. I get close to 7 mpg if I drive 55. If I do not and get closer to 65, then my mileage goes down to about 5.8 to 6.2 mpg. I drive about 650 to 725 miles per 11 hour shift so you can get the idea for cost daily and weekly. Tires are not cheap, well over 3000.00 for a set of 10.
Road taxes are $550.00 a year, insurance is $21.93 a week.
This does not take into account what a repair will run, say for a kingpin set, which can run $2000.00
Repairs are expensive but you can still do ok out here. Freight is picking up slightly. It is not what it was 25 years ago with costs rising and pay not following the upward trends.
A photo of my truck is at my blog listed here, I hope you enjoy it and I hope I helped you some.
Jim
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