Cover is available for any commercial vehicle from Van, Truck to Heavy Wreckers
Truck insurance is available for full range of vehicles that fall under the umbrella term "commercial utility vehicle". We have listed some of the more common vehicle types below, but this is only a small sample of the vehicle types that we can provide insurance quotes for.
To get started select get multiple quotes and complete an easy online form. Remember to provide the correct email and phone contact details so that brokers can provide you quickly with insurance offers. Please note whilst you will mostly receive quotes in under 10 minutes this can be delayed based on time of day and the current number of requests that the brokers are currently dealing with.
How to reduce your the cost to ensure your truck or trucks
Telematics :What is telematics and can it reduce my annual or monthly insurance premiums? Simply put a device is added to your truck and yes it can reduce your insurance costs. The purpose of device is to record data on how the rig is driven and will include at least the following:
To some this may seem like big brother watching. However, it can lead to reduced claims which can then lead to a lower annual truck insurance premium for your trucking business. For example the data can be used to find out how driving can be improved.
This can then be used to provide additional training in the areas identified. If you do introduce telematics do consider adding a competitive factor for example by rewarding the best drivers or make it a team competition.
If approached correctly adding data gathering devices can lead to improved driving and result in less traffic accidents. Less accidents equates to less time that your work trucks spend off the road.
Other advantages also exist in for example showing routes that are congested or hazardous, enabling you to react and make changes in real time. This will lead to an increase in delivery speed whilst reducing the risk of any accidents.
Other measures to help lower insrance costs
Driver background check: Drivers that have a history of claims will increase your insurance costs as they will obviously be seen as an added risk, also drivers under 25 will incur a higher premium based on age and accident statistics, so whilst the young driver may be one of the better drivers in the eyes of the underwriter he/she are seen as extra risk. Choosing your drivers based on the impact on your costs would be a wise choice.
Tighten up on security: Making your vehicles secure and safe should help to bring down the truck insurance premium price ever further, safe secure parking with additional safety devices ( insurance industry approved ) such as immobiliser, GPS tracking devices and black boxes will help lower your annual or monthly premiums
Do you need any driver?: If possible limit your truck insuranc policy to named driver or drivers, but if needed any driver insurance is also available at a slightly higher cost.
Reduce admin costs: Simply arranging one annual payment will lead towards less overheads for everyone in the loop, resulting in lower costs which should be passed onto you in terms of a lower premium.Choosing your drivers based on the impact on your
Fleet insurance: Often overlooked, but if you have more than one vehicle it will pay to consider taking out fleet cover instead of taking out individual policies.
Types of truck insurance available
The purchase of third party cover is a legal requirement. Fully comprehensive insurance is available and provides compensation to not only the third party, but covers your costs even if the accident is deemed to be your fault.
The truck insurance policy can also be tailored to cover goods in transit, personal liability and loss of earnings. Depending on the type of business, you may also wish to cover tools, machinery, cargo and goods transported or held in storage.
Quotes can easily be tailored to the owner operators individual needs, providing the necessary cover to ensure you are not at financial risk as a result of an operating accident. Having your trucking business covered with adequate protection can let you get on with running your business without concerns for possible future claims against you or one of your drivers.
What is included and excluded in a truck's insurance policy will depend on your individual insurance requirements. Have you more than 2 utility vehicles? If the answer is yes a fleet policy would most likely work out cheaper than taking out separate policies.
It is important to get the correct level of cover, but also not to over insurance. Examine all inclusions for example having any driver when in fact you will be the only driver means your policy premium may be higher that is necessary.
Cover for contents: Most trucks are employed in the transportation of goods. The goods can very from high tech gadgets to poisonous chemicals to give just 2 examples from a multitude. The goods being transported can be valuable and highly sought after by criminals so it is incumbent upon you to ensure you have truck insurance in place should they get stolen or damaged whilst in your custody. Getting suitable cover can sometimes be tricky, for example some brokers will have a list of items that they exclude from cover. Another broker will only offer cover whilst in transit and not stationary in a parking bay for example. As such please ensure that you are covered for they type of goods that you will be transporting. If take on anew new contract hauling a different item than your norm do contact your brokers to ensure that your also covered for that.
Trucking Terms Explained
Trucking Terms Explained
Articulated Lorries (Artics) are the main vehicle category to transport goods by road. This combines a tractor unit with a trailer using a turn-table device. Artics have different types of trailers some of the most common are listed below: