Hunter Nelson explains how a driver's hire date affects CDL insurance premiums. One underwriter corrected hire dates for a three-unit trucking company and found a $7,000 discount because the drivers had longer tenure than originally reported.
when it comes to drivers. Hire date and years of CDL are two things a lot of people don't realize. Well, a lot of people do realize CDL, but they don't realize the hire date. Having the hire date is actually a huge piece. Some insurance companies will have a huge difference on the hire date. One time I had one of my underwriters in a 3-unit trucking company. It made a $7,000 difference between when she put the hire dates in there afterwards. So she had to guess on it until they got the higher— the insurer got the higher dates to the agents. $7,000 discount because those, because those drivers have been there.
