I incorporated my business in March 2020 and am buying my first tow truck and I keep seeing online that people are paying around $4000/year for insurance on a tow truck but the only quote I've been able to get is $9200/year from progressive for $500,000 accident/250,000 person/100,000 property.
Is this what I should expect as a new company? One of the insurance agents I spoke to said that 9200 is a great quote and I should take it as he doesn't ever see less, especially as a new company.
I appreciate any advice you guys may have!