Truck Insurance Comparison FAQs

How do I get cheap HGV Insurance?




How do I get cheap HGV Insurance?

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.

Getting refused insurance?

Truck drivers under 21 with points or driving convictions may well be refused insurance as their licence will not meet the insurers criteria. Like other businesses and companies, finding costs solutions particularly with newly passes and inexperienced Class 1 and Class 2 drivers is the main challenge for haulage operators and freight forwarders. If you are looking for a cheaper and more competitive quote for a HGV fleet, then cameras and telematics can reduce costs in the long term regardless of your circumstances. Haulage drivers ask so cameras and telematics reduce HGV insurance costs?If you have a truck or two with no claims bonus and are not fleet rated, then cameras will improve the risk to the insurer. Discount lorry fleet insurance is available when cameras and telematics are installed. This can help reduce the price of your insurance and your broker find a cheaper quote regardless of whether you have young, old or agency drivers. Commercial vehicle camera systems can be installed on all sizes of trucks from 44 tonnes arctics downs to 32 tonne tippers.

Why do cameras reduce my insurance premium?


Cameras will help to slash your insurance costs. They will ensure that newly passed drivers and inexperienced truck drivers can review their truck data when they return to their operation postcode. Cameras can also assist with goods in transit premiums as they act as a security camera 24 hours a day. Without cameras, claims can occur where certain drivers cannot recount which accident occurred when they were driving. For companies near large cities, claims may occur with new drivers are possible when they are learning new routes. Fleet policies with cameras versus policies without is a no brain-er. Sometimes insurers like to offer what we call ‘introductory offers’. Why policies remain expensive can be changed when there are low claims for the policyholder. HGV fleet insurance costs for new start operators or new ventures is almost 100% improved with the installation of cameras where the operator can afford it.

Advantages and disadvantages of cameras and telematics

More competitive quote: One of the questions we readily get asked is ‘How do I find cheaper HGV fleet insurance?’. As mentioned, installing cameras and telematics can have the effect of lowering HGV insurance thereby reducing your running costs with affordable lorry insurance. In the view of the broker, certainly installing cameras and telematics is a benefit. Short term cost leading to a long term benefit: Cutting insurance premiums will come with a cost. The cost of installing the hardware will generally be around £350 per vehicle. Discount camera systems can be found online and it may be possible to get a more competitive quote if you approach several companies. Ask other haulage companies whats is the best price they have found. Work ethic: A newly passed class 2 driver is starting with your company, he will care much more if his driving can be seen and which route he has taken. Wherever possible, with good HGV fleet insurance in place, the insurer will pay out if the vehicle is on the MID system.

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How do I get cheap HGV insurance?

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

How do I find the cheapest truck insurance price available?

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

Can I get a driver lorry fleet insurance policy if a driver has convictions?

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

How will driverless trucks affect HGV Fleet insurance prices?

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

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?’ READ MORE