Truck Insurance Comparison FAQs
How do I get cheap HGV Insurance For Older Drivers?
How do I get cheap HGV Insurance For Older Drivers?
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.
If you are looking for cheap premiums with zero deposit for lorry fleet insurance. It advantageous to ask all the right questions and compare monthly premiums and credit insurance rates. If you have been driving for a number of years and you have a letter from your previous employer or no claims bonus [NCB], then it is possible to get an introductory discount which lowers the price and makes policies affordable for older drivers. You will also require GIT [goods in transit] cover for your haulage operation as a standard requirement. There are different levels offered whether it be, a 1500 to 6,500 per tonne according the the Road Haulage Association guidelines. HVG [heavy goods vehicles] insurance can be lower for rigid vehicles for example a tipper, a grab lorry or a HGV with HIAB facilities. One of the questions we get regularly asked is, can I reduce the costs of my HGV insurance over time if there are no claims year after year. In essence, this is possible as the insurer will see what reductions and discounts can be applied. With the introduction of driverless trucks, companies such as AVIVA and AXA , will be leaders in this area. However, this is many years from now.
Over recent years, lorry fleet insurance prices have risen and the owners, the owner drivers and fleet operators of trucks are looking at how they can reduce the monthly premiums. Newly passed or younger drivers in the market can sometimes find it difficult to get cover. The easiest way is to forward their HGV licence to the HGV insurance broker to allow the broker to obtain the lower price. Young drivers and newly passed drivers of lorries will have less experience. Many of them ask the questions, what are the advantages of working in the haulage business. When setting up new venture HGV operations. A previous letter from an employer would be a significant want of reducing and lowering costs on your lorry fleet insurance. Affordable insurance for HGVs with zero deposit for new ventures and newly passed drivers is difficult to obtain. The cheapest quotes have previously been available via non-rated insurers. However, due to recent legislation, a number of these have left the market.
The average cost of insurance for HGVs for older drivers and younger drivers alike is continuing to rise due to inner city claims. There have been a number of instances of high claims relating to cyclists and HGV collisions. Governments must ask what can be done to reduce these problems. Comparing insurance for HGVs to lower the age of drivers is not easy as many insurers see younger drivers are high risk. Another question we regularly get asked is will agency drivers be covered. Providing the vehicle is on the MID and the driver has the correct license, then he should be covered. Certain insurers will not cover HGV insurance for a recycling and waste and Avia is one of the companies that will cover this. There are also specialist schemes which will cover recycling and waste insurance for HGVs covering articulated and rigid vehicles.
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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