For years New Jersey commercial trucking companies both small and large have had to play roulette with the same handful of commercial truck insurance companies, not anymore!
A 900 gorilla, Berkshire Hathaway Homestate Companies, has just entered the state and will provide some much needed relief for the over 45,000 commercial trucking concerns in the Garden State effective 08/15/2018.
If you are tired of the same high rates from the same few companies for your New Jersey based trucking business request a free quote from Berkshire Hathaway Homestate Authorized Representatives now at (208) 229-8222.
Much like when Geico, a Berkshire Hathaway Homestate sister company entered the Garden State in 2004 the marketplace changed dramatically. Many personal auto insurance companies that had made easy money for the past 40 years now had a major competitor. Many commercial trucking insurance companies in the state have had the same captive marketplace domination and placed undue burdens and extremely high prices on trucking companies both new and established statewide.
Look for marketplace paradigm shifts to possibly happen with the New Jersey truck insurance markets in NJ. The reign of the usual insurance companies and markets being blocked by Wholesalers and Managing General Agents that have refused agents access to the available insurance companies for decades and cherry picked the trucking customers that they wanted to write a policy for to maximize their profitability bonus from the insurance companies may be ending.
It will be interesting to see how it all works out, but if it is anything like when GEICO entered NJ, it will be a game changer!
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