Truck Insurance Comparison FAQs
Do I Have To Have A Goods In Transit Policy With My Lorry Insurance?
Do I Have To Have A Goods In Transit Policy With My Lorry Insurance?
New haulage operators will ask questions like: ‘Why have goods in transit insurance?’ ‘Where can I get these policies?’ ‘Who will provide the best GIT quote?’ ‘Does having inexperienced, newly passed drivers or HGV drivers over 75 make a difference?’ ‘If the gross vehicle weight is high, will the price compare to smaller vehicles?’ They might also ask, ‘How can I reduce the cost and find a discount broker who can explain all the advantages and disadvantages of policies for heavy goods vehicles?’
Good in transit insurance protects haulage companies that find companies making claims for lost or damaged goods. Low cost discount policy .The number of claims versus the amount of the claims will determine whether low cost discount policies are available to cover your goods in transit. For example, If you're working for amazon they generally require 100k indemnity level on any one claim. Comparatively, if you are looking for goods in transit policies for maritime, the same levels may apply.
Levels of cover vary. You should also consider the maximum and minimum levels of cover you require and whether you need cover in Europe or just in the UK. CMR cover allows you to be covered from the port to your final destination where the goods are unloaded. Certain policies will cover £6,500 of goods in transit level per tonne whereas other policies is fixed amount any one load. Whether you have a HGV insurance fully comp or third party, this will not affect the value of the goods on the trailer. Finding a competitive goods in transit quote for your truck is vital to maintain running costs regardless if having old or under 21 HGV drivers. If you are an owner driver you might find yourself asking: ‘Where do I find a policy that covers me for the amazon work as a regular owner driver?’
These are specialist haulage policies as in certain situations, Amazon may have high value goods in transit for example, mobile phones or TVs. If you explain your specific requirements, the broker can then compare low cost and discount options and what is available to suit your business. The level of cover will affect how the premium is calculated where specific products have different values. When you find the right policy, be sure to check all the details regarding the area of coverage as new Brexit regulations may change rules in the EU.
Further things to consider when looking for the best quote in the market online consider different excess levels for truck drivers under the age of 21 years old. Often enough goods in transit policies can be found with 0% deposit and the payments can be spread cheaply over the year. Whatever load you are carrying, the broker can explain the various options available for your lorry fleet insurance.
Truck Fleet Insurance Comparison
Call NOW : 01782 660590
Running a fleet of HGV vehicles? Do you want to find a lower insurance premium?
If you are running a fleet of HGV vehicles then it’s very important to look at all costs across the board. With recent HGV driver shortages, it is likely that you will be looking to get a newly passed HGV driver under 25 to drive for your company. Alternatively, you might take an older driver who would be either over 70 or maybe 80 years old. In these situations, you may also find inexperienced drivers, newly passed drivers or drivers with points on their licence. This can make getting affordable lorry insurance harder. READ MORE
In the current haulage insurance market, it has become increasingly difficult to source good quality HGV drivers. A lot of the younger generation are veering away from the haulage industry to more modern careers. There are also significant costs for the individual driver to gain either a class 1 or 2 licence. Therefore, an advantage of employing older, more experienced drivers is that it can reduce your costs and reduce claims saving you money. If you are a new start haulage operator and a member of the Road Haulage Association you will have no doubt be informed of the Brexit changes. This may mean that more containers are moved on heavy goods vehicles, usually articulated tractor units, from the ports to the end destination. READ MORE
Newly passed drivers arriving into the haulage industry will have undergone significant driving to pass and attain their Class 2 or 1 licence. The term HVG or heavy goods vehicle relate to vehicles governed by Vosa from 4.5 tonne to 44 tonnes trucks. Nearly all businesses rely on road haulage in some way or another. The benefits of finding cheap insurance for HGVs means that the small business will be more competitive with lower costs that other haulage operators whether you are running a truck in Manchester, Birmingham, London or elsewhere. Younger drivers with little or no experience present an issue to insurers as they may have a high risk rather than a lower risk. READ MORE
Brexit comes with a great deal of uncertainty within the haulage business having a knock on effect on the price of lorry fleet insurance for HGVs [heavy goods vehicles]. If you are operating within the UK, for example, Manchester, Birmingham or London, although you may still be affected by Brexit, haulage and fleet operators travelling to and from the EU will be the ones most affected by the upcoming changes. There will inevitably be changes in the way haulage providers operate and the costs involved in their operation, such as insurance prices. READ MORE
Research is the key to finding affordable truck insurance. As with purchasing any type of insurance, it is vital to shop around and get multiple quotes from several different brokers. Many truck insurance providers can be found online and it may be possible to get a more competitive quote if you approach several companies. This will ensure you have found the cheapest truck insurance price available. READ MORE
Fleet insurance is a type of insurance which will cover several vehicles, two or more, all under one policy. This proves beneficial for businesses such as haulage and couriers with many vehicles. This coverage is flexible as to who is covered. Policies range from named drivers for specific vehicles to any driver driving any vehicle. A factor will affect the affordability of your insurance is if the driver has an convictions or endorsements on their license. It is possible to qualify for a driver lorry fleet insurance policy even if a driver has convictions. READ MORE
The government has made large and several investments into the research and development of automated vehicles. This is due to their belief that automated vehicles have the potential to make road transport safer and more efficient for all. Yet, with HGV vehicles, qualified drivers will still need to be present in the vehicle until a method of safe driverless long-haul routes is implemented therefore the human element is still vital in the operation of driverless HGV trucks. READ MORE
New haulage operators will ask questions like: ‘Why have goods in transit insurance?’ ‘Where can I get these policies?’ ‘Who will provide the best GIT quote?’ ‘Does having inexperienced, newly passed drivers or HGV drivers over 75 make a difference?’ ‘If the gross vehicle weight is high, will the price compare to smaller vehicles?’ They might also ask, ‘How can I reduce the cost and find a discount broker who can explain all the advantages and disadvantages of policies for heavy goods vehicles?’ READ MORE