Question: What Are The Requirements For Hot Shot Trucking?

How much does Hot Shot insurance cost?

With hot shot insurance costs ranging from $6,000-$12,000, it really does pay to shop around.

Not every truck insurance company welcomes hot shots, so finding the ones that do can be tough.

Shopping for multiple quotes is even harder..

What is the best truck for hotshot hauling?

Top 10 Pickup Trucks For Hot Shot Trucking in 201910.) Chevrolet Silverado 2500HD.9.) Chevrolet Silverado 3500HD.8.) Ford F-250 XL Super Duty Commercial.7.) Ford F-350 XLT Super Duty Commercial.6.) Ford F-450 Lariat Super Duty Commercial.5.) GMC Sierra 2500 Denali HD.4.) GMC Sierra 3500.3.) Nissan Titan XD.More items…

What is needed for hotshot trucking?

Once these steps are complete, you must fill out some paperwork, which typically includes:Liability insurance.Occupational accident insurance.Motor truck cargo insurance.Freight surety bonds.FMCSA (Federal Motor Carrier Safety Administration) registration.MC (Get Authority to Operate) number registration.More items…

Is a CDL required for a Hot Shot?

Hotshot trucking doesn’t always require a CDL, but it is recommended. All hotshot drivers are required to file an Interstate Operating Number (MC number) in addition to a DOT number. … If a hotshot trucker has a CDL and a larger trailer, he or she could haul loads weighing up to 26,000 pounds.

How much money do I need to start a hot shot business?

Starting a hotshot business involves an enormous amount of initial investment as well as operating costs. These are the ballpark figures: Pickup truck: $15,000 – $45,000. Flatbed trailer: $7,000 – $20,000, depending on the overall features.

What is the average salary for a hotshot driver?

$75,400 per yearThe average Hot Shot Driver salary in USA is $75,400 per year or $38.67 per hour. Entry level positions start at $28,519 per year while most experienced workers make up to $128,180 per year.

How many hours can a hot shot driver drive?

14 hoursYes. A driver may remain on duty for more than 14 hours; however, the driver of a property-carrying CMV cannot drive after the 14th hour after coming on duty. Also, the additional on-duty time will be counted toward the 60/70-hour on-duty limit.

Is there money in hotshot trucking?

Hotshots with full deck & weight capacity, rolling in regions that offer the best rates & volume, gross $150,000 to $180,000 per year. Carriers with newer authority are on the lower end of that spectrum, while carriers with 90-days or more are on the upper end of that range.

Is Hot Shot Trucking a good career?

In other words, owners are overloaded with work one day and then waiting for work the next. However, by building a solid customer base, this is often avoided. Even with a few potential risks, hot shot trucking as a whole is an excellent career opportunity.