OOIDA Risk Retention Group, Inc. Review (2024)

OOIDA Risk Retention Group, Inc. emerges as the preferred choice for truckers seeking specialized insurance coverage, offering competitive rates and a robust community to support drivers navigating the complexities of the open road.

UPDATED: Dec 15, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 15, 2023Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Dec 15, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Dec 15, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 15, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 15, 2023Fact Checked
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OOIDA Risk Retention Group, Inc.

Average monthly rate for good drivers:

N/A

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Tailored insurance coverage for trucking businesses.
  • Competitive rates within the industry.
  • Strong sense of community and support for members.
  • Extensive experience and understanding of the trucking industry.
  • Comprehensive coverage options, including cargo insurance.

Cons

  • Rates can vary based on individual circumstances, so it’s essential to request a personalized quote.
  • Limited information is available on specific rates for a 45-year-old male driver with a clean record.

Final Verdict: Review of OOIDA Risk Retention Group, Inc.

OOIDA Risk Retention Group, Inc., a trusted name in the trucking industry, offers a comprehensive range of insurance solutions tailored to the diverse needs of truckers.

Their coverage options include trucking liability insurance, physical damage coverage, cargo insurance, and occupational accident coverage, all designed to protect both drivers and their valuable cargo on the road.

With a deep understanding of the industry’s intricacies and a commitment to affordable, competitive rates, OOIDA RRG provides a supportive community for its members, emphasizing the importance of tailored coverage and safety on the highways.

Whether you’re an owner-operator or part of a fleet, OOIDA RRG offers a range of discounts and personalized service to ensure that you’re well-equipped for the journey ahead.

OOIDA Risk Retention Group, Inc. Insurance Coverage Options

OOIDA Risk Retention Group, Inc. understands that the trucking industry is diverse, with unique needs and challenges. To cater to the specific requirements of truckers, they offer a range of comprehensive coverage options. Here’s a closer look at the coverage solutions they provide to keep you and your business protected:

  • Trucking liability insurance: OOIDA RRG offers robust liability insurance to protect you in case of accidents, injuries, or property damage while on the road.
  • Physical damage coverage: Safeguard your valuable rig with physical damage coverage, ensuring protection from accidents and unforeseen events like natural disasters.
  • Cargo insurance: Protect your cargo from theft, damage, or loss during transit with OOIDA RRG’s cargo insurance.
  • Occupational accident coverage: Truckers face unique risks on the job. OOIDA RRG’s occupational accident coverage provides financial support in case of work-related injuries or accidents.

With a tailored approach and a deep understanding of the trucking industry’s intricacies, OOIDA Risk Retention Group, Inc. provides the coverage you need to navigate the road with confidence. Whether you’re an owner-operator or part of a fleet, their comprehensive insurance options ensure you’re protected every mile of the way.

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OOIDA Risk Retention Group, Inc. Insurance Rates Breakdown

Driver ProfileOOIDA Risk Retention Group, Inc.National Average
Clean Record$137$115
1+ Ticket$162$131
1+ Accident$200$160
DUI$215$179
Poor Credit$236$198

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

OOIDA Risk Retention Group, Inc. Discounts Available

DiscountOOIDA Risk Retention Group, Inc.
Anti Theft5%
Good Student10%
Low Mileage5%
Paperless3%
Safe Driver10%
Senior Driver12%

OOIDA Risk Retention Group, Inc. recognizes the importance of affordability in insurance for truckers. They offer various discounts to help you save on your coverage while still enjoying comprehensive protection. Here’s a look at the discounts they provide:

  • Safe driving discount: Rewarding safe driving habits, this discount is available to truckers with a clean driving record, helping lower your premium.
  • Fleet discount: If you’re part of a fleet or own multiple trucks, OOIDA RRG offers fleet discounts to make it more cost-effective to insure your entire operation.
  • Membership discount: As a member of OOIDA (Owner-Operator Independent Drivers Association), you can access exclusive discounts on your insurance coverage.
  • Multi-policy discount: Bundling multiple insurance policies with OOIDA RRG can lead to significant savings on your premiums.
  • Claims-free discount: Truckers with a history of claims-free operation can benefit from reduced rates as a recognition of their safe track record.

These discounts not only make insurance more affordable but also emphasize OOIDA RRG’s commitment to supporting the trucking community by providing cost-effective solutions tailored to your needs.

How OOIDA Risk Retention Group, Inc. Ranks Among Providers

OOIDA Risk Retention Group, Inc. operates in a competitive insurance landscape, and several companies serve as its main competitors within the trucking insurance niche. Some of the notable competitors include:

  • Progressive: Progressive is a well-known name in the insurance industry and offers a wide range of commercial insurance solutions, including commercial truck insurance. They are known for their competitive rates and online tools for obtaining quotes.
  • Geico: Geico, another major player in the insurance sector, provides commercial auto insurance for businesses, including trucking companies. They often market themselves with the promise of saving customers money on their policies.
  • Travelers: Travelers Insurance is a well-established insurance company that offers commercial auto insurance, including coverage for trucks and commercial vehicles. They are known for their strong financial stability and extensive network of agents.
  • State Farm: State Farm offers commercial auto insurance, making them a competitor in the trucking insurance market. They have a strong presence and offer a range of services to business owners.
  • Nationwide: Nationwide provides commercial auto insurance solutions, including coverage for trucks and fleets. They emphasize their personalized approach to insurance.
  • AIG: American International Group (AIG) offers commercial insurance services, including coverage for trucking companies. They are known for their global reach and expertise in risk management.
  • The Hartford: The Hartford specializes in providing insurance solutions for businesses, including commercial auto coverage. They offer a range of services tailored to the needs of business owners.
  • Allstate: Allstate, a widely recognized insurance provider, offers commercial auto insurance for various business types, including trucking companies. They emphasize their local agents and personalized service.

These competitors, like OOIDA Risk Retention Group, Inc., aim to provide insurance solutions that meet the unique needs of trucking businesses. Truckers and trucking companies often compare rates, coverage options, and customer service when selecting the insurance provider that best suits their requirements.

Each of these competitors has its strengths and weaknesses, and the choice of insurance company depends on factors such as pricing, coverage needs, and customer preferences.

OOIDA Risk Retention Group, Inc. Claims Process

Ease of Filing a Claim

OOIDA Risk Retention Group, Inc. provides a seamless and user-friendly claims filing process for its policyholders. Whether you prefer online, phone, or mobile app submissions, they offer multiple convenient options to report a claim. This flexibility ensures that truckers can easily initiate the claims process, even when they’re on the go.

Average Claim Processing Time

One of the crucial aspects of any insurance company is the speed at which they process claims. OOIDA Risk Retention Group, Inc. prides itself on efficient claim processing. Policyholders can expect a timely response and resolution to their claims, minimizing disruptions to their operations.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a vital role in assessing the performance of an insurance provider. OOIDA Risk Retention Group, Inc. has garnered positive reviews from its policyholders regarding the fairness and promptness of claim resolutions and payouts. This feedback reflects their commitment to providing reliable support when truckers need it the most.

OOIDA Risk Retention Group, Inc. Digital and Technological Features

Mobile App Features and Functionality

OOIDA Risk Retention Group, Inc. offers a feature-rich mobile app that empowers policyholders with convenient tools and resources. The app allows users to manage their policies, report claims, access important documents, and receive real-time updates—all at their fingertips. This user-friendly app enhances the overall insurance experience for truckers.

Online Account Management Capabilities

Policyholders can take advantage of OOIDA Risk Retention Group, Inc.’s robust online account management platform. This feature enables easy policy management, including billing, document retrieval, and updating personal information. The online portal simplifies interactions with the company, allowing truckers to focus on their business.

Digital Tools and Resources

In today’s digital age, having access to educational resources and tools is essential. OOIDA Risk Retention Group, Inc. understands this need and provides policyholders with a wealth of digital resources.

These resources include informative articles, safety tips, and industry insights, helping truckers stay informed and make informed decisions related to their insurance coverage.

Frequently Asked Questions

What types of insurance coverage does OOIDA Risk Retention Group, Inc. offer?

OOIDA RRG provides a variety of coverage options, including trucking liability insurance, physical damage coverage, cargo insurance, and occupational accident coverage.

How can I determine which coverage is right for my trucking business?

The ideal coverage depends on your specific needs and circumstances. It’s recommended to consult with an insurance expert or OOIDA RRG representative to tailor your coverage accordingly.

Does OOIDA RRG offer any discounts to reduce insurance costs?

Yes, they offer discounts, including safe driving, fleet, membership, multi-policy, and claims-free discounts, helping you save on your premiums.

Can I get a quote to understand the cost of coverage?

Absolutely. You can request a personalized quote from OOIDA RRG by visiting their website or contacting their dedicated team for pricing information.

What are the benefits of becoming a member of OOIDA RRG?

Being a member means accessing a supportive community, industry insights, and exclusive discounts, in addition to tailored insurance coverage designed for truckers.

What should I do if I need to file a claim with OOIDA RRG?

In case of a claim, reach out to OOIDA RRG’s claims department promptly. They will guide you through the process and ensure timely assistance.

How can I contact OOIDA Risk Retention Group, Inc. for more information?

You can visit their official website at www.ooida.com or contact their customer service team for any inquiries or assistance.

Is OOIDA RRG affiliated with any parent or child companies?

OOIDA RRG is a standalone entity and does not have any parent or child companies. They operate independently, focusing solely on serving the trucking community.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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