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What Effects Are Cyclist Claims Having On HGV Prices For Insurance Policies?
What Effects Are Cyclist Claims Having On HGV Prices For Insurance Policies?
The growing influx of cyclists on roads in the UK is becoming a serious threat to insurance premium costs for road hauliers and couriers, despite lanes being specifically made for bicycle transportation. Inevitably bike and truck are going to ride side by side at some point. Insurance is a very black and white industry and very rarely are both parties right at the same time which leads to a financial pay out by one or t'other. To see what other say about Evans and Lewis have a look at trust pilot. Many insurance agencies are reporting an increase in cyclist claims against other vehicles.
By far the biggest and most serious collisions are between Heavy goods vehicles and any other party, aside from M25 vehicle pile ups just outside London, a HGV and even an LGV has such a heavy load and an inefficient stopping distance that the force is multiplied and the damage once hitting an object can be horrific. Learn more about Heavy Goods vehicle policies. While of course many will feel more aggrieved for a cyclist as the result could be death, it is not always the HGV driver's fault, that said, claims are escalating. Get expert advice and information about tipping trucks .Tippers have had increasing claims in the inner cities.
Are No Win No Fee Cyclist Claims Having An Impact On HGV Insurance London Policy Premiums?
If you take a brief glance at the cyclist insurance offers online you'll see a great many of the policies are being promoted with the promise of 'no win no fee.' While it is important to consider that unless the person is a driver or passenger inside a motor vehicle, if a cyclist is aggrieved then it is the result of being hit as merely a body on a bike with very little protection. Increase your understanding and have the small print explained. There are a growing number of cyclists in London so this a growing problem. Cameras can help reduce costs. However starting out as David and always facing Goliath is seemingly a situation that has to change if insurance premiums are going to normalise in respect to cyclist accident claims.
A bike rider should feel safe to be on the road even if the distance between cyclist and an HGV is only arms length. Indeed a lot of accidents are the result of an HGV or LGV Large Goods Vehicle cutting up a cyclist as the junction approaches. There is also a lot of human error involved on both the cyclist and HGV driver's part. There are laws to ensure driver fatigue is lessened, but load balance and reliance of third party applications for directions can also distract and cause momentary lapses in driving judgement.
Statistics Stack Up Causing HGV Prices For Insurance Policies To Increase
At least the public are openly talking about bicycle insurance. For decades the only people to pay road taxes have been those driving vehicles, the bicycle rider has had no direct road tax to pay at all. Despite making use of traffic lights, enjoying level and kept roads and the same rights as other road users. Now there is serious talk about licensing bikes with number plates, levying tax for bicycle users on roads but at the same time using this new found income to drive up road safety for all concerned. Brexit is causing changes to the European job market and wages will alter soon. is a Bicycles on the road present one major problem for both vehicles and the cyclist. Over the next few years HGVs will become more and more driverless. They are small, can be unseen, can weave between vehicles and hide in blind spots. On top of which they are the most vulnerable. Nowadays any driver policies mean agency drivers are used and some are less well trained than full timers. At least motorbikes have substantial braking systems, cover limbs during collision and appropriate attire enforced, cyclists may simply be out for 20 minutes to the shop or cycling to work without as much a thought about their own safety - although this is changing fast with helmets being de rigueur.
And with it, so too the cost of premiums afforded to HGV drivers, HGV prices for insurance policies are not getting any cheaper for there being more cyclists, more no win no fee claims assistance. However it is far too easy to protect the motor trade industry and suggest cyclists should stick to designated areas. The fact remains that a cyclist is more likely to collide and die with an HGV than any other vehicle. 23% of UK collisions between a HGV and cyclist result in a death, with HGVs only accounting for 5% of road traffic countrywide. This is an issue. In inner cities alone, HGVs may only cover less than 5% of total road capacity at any one time yet are more prone to incidences of causing death after collision. In the main because of the sheer amount of weight and power behind the driving seat and the fact stopping distance and reactionary swerve can be so much slower than any other vehicle. Often enough the young drivers or older drivers are considered more of a risk. HGVs recorded as colliding with cyclists in London during 2015, resulted in 78% of all known cycling fatalities that year.
If you are running trucks in inner cities it is advisable to get several quotes. Clearly cyclist's claims against the motor trade industry business and its drivers are having a slight impact on insurance policy prices for HGVs. To see what available to cover a lorry in London or Birmingham go to our homepage. The industry as a whole has to come up with ways to ensure that responsibility for such incidents is taken on board and learned from, so as to ensure accidents are lessened, monthly premiums kept affordable and not affected by inefficient driving practices. How this should be achieved is of course a concern and should be a work in progress for all concerned, both cyclists, government and the the motor trade industry.
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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