Hunter NelsonOwner of Nelson Insurance Agency

Save BIG on Truck Insurance: Nirvana & ELD Data Secrets!

22 Dec 2025 · 1 min

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Hunter Nelson (speaker) explains how trucking companies can save significantly on insurance renewals using brokers/services like Nirvana and by demonstrating low risk in the first 1–3 years of operation. He gives an anecdote of saving $60,000 on a renewal (nine-truck fleet) and emphasizes that after two years in business and with drivers holding ~2 years of CDL experience, more carriers (e.g., Great West, Northland) may be willing to underwrite. The first two–three years are critical: show disciplined hiring, low claims, and moderate growth to access better insurance options.

Chapters

I just saved somebody $60,000 on their insurance renewal with Nirvana. So one year goes by, nothing's really gonna change. Two years goes by. Okay, now you got some options. Three years rent really hits. But two years now in business, you know, Great west may be more willing to take you. Northland might be more willing to take you. I just saved somebody $60,000 on their insurance renewal with Nirvana. Granted, nine trucks, but Nirvana is really good. You might have two years CDL now. So maybe you get a couple more of those insurance companies if you had a new CDL at the new venture. So first two years is very important. You've proven you know how to run a trucking company. You're not turning a bunch of claims. You're hiring good drivers. You're not growing too quickly because once you hit year three, then you can kind of take off. But first three years, I want to make sure nothing's too risky in their eyes, right?