Car wash insurance annual premium?

[Jeffhanson30]

Curious on what others are paying for annual premium? I have a 6 bay self service with 2IBAs and central vacuums. About 400k in revenue and $2mil building and equipment. Paying $15k a year through liberty mutual plus liability and revenue replacement. I’m in Michigan. Curious what others are paying?

 

[Keno]

Are you using an insurance broker? That seems really high, but I'm in GA so your market could just have higher rates.

 

[Jeffhanson30]

Yes using an insurance broker

 

[Jeffhanson30]

Building and equipment replacement is close to 2 million so (today’s price), plus liability and revenue replacement? I had it quoted by two brokers and both came in close..

 

[Keno]

Your area maybe high, I'm insuring for higher replacement cost, liability, higher revenue replacement, and workers comp for 3 locations for less than that total.

 

[Jeffhanson30]

Ok but are you at 1-5k, 5-10k? Who is your insurer? This quote was from liberty mutual, also both brokers came back with liberty mutual.

 

[GPAW]

Jeff, can you PM me, I am also in Michigan paying much less, I can give you my brokers information.

 

[Jeffhanson30]

https://www.wexfordins.com/

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Two brokers I used both came back with liberty mutual…

 

[Jeffhanson30]

Also a 5k deductible

 

[Keno]

I'll send you the info of the broker I use to see if she can help you, not sure if she works in Michigan.