Monthly Archives: July 2017

All About Fleet Insurance

Fleet insurance is a type of cover that’s designed so that businesses and individuals are able to insure multiple vehicles under the same policy. This is incredibly useful since it not only makes things much easier to manage but it’s nearly always cheaper than insuring vehicles individually.

Below is a guide to fleet insurance, including who it’s for and what factors determine cost.

Who is fleet insurance for?

  • Families – A lot of people assume that fleet insurance is only for businesses, such as taxi ranks and trucking firms but this is not the case. Families that have 3 or more vehicles can also benefit from fleet insurance. Family fleet insurance can also be very useful when there are younger people in the family who cannot obtain their own cover at an affordable rate and is a great way for families to save money.
  • Individuals – Individuals with multiple cars can also get fleet insurance. Maybe you have a sports car collection or enjoy collecting rare and valuable vehicles. Whatever the case, you can get a fleet policy to cover them all together.
  • Businesses – Businesses are a very obvious customer when it comes to fleet insurance. There are many types of businesses that rely on the use of vehicles for day-to-day operation and for such businesses, fleet insurance is a no-brainer.

What factors determine cost?

Knowing what factors determine the cost of a fleet insurance policy can help you save money. With this in mind, below are some of the biggest things insurance providers take into account when coming up with a price for a fleet insurance policy.

  • Level of cover – The level of cover you take out will certainly affect how much you pay for fleet insurance. A third party policy will be the cheapest option since it only provides cover for other vehicles when one of your vehicles is involved in a collision where you (or one of the other drivers on the policy) is at fault.
  • Number of vehicles – The number of vehicles on the policy will also affect how much it costs. Generally the more vehicles there are to insure, the more you can expect to pay.
  • Value of vehicles – The value of the vehicles being insured will also affect the price you pay for fleet insurance.

Get Minibus Insurance At The Best Price

If you own a minibus then you’ll know that one of the biggest expenses aside from fuel, is insurance.

Having insurance is a must to be able to drive your minibus legally so you have no option but to get it. However there are steps you can take in order to cut the cost of minibus insurance down. Below are some great ways to lower the cost of minibus insurance

Lower cover options

One of the simplest ways to lower the cost of your insurance is to simply get a basic third party policy. This provides minimal protection for your own vehicle but it will allow you to drive your vehicle legally and is the cheapest type of insurance you can get.

Increase excess

The excess is what you would pay towards a claim if you had to make one. By increasing your excess, you can lower your premium considerably.

Get a limited mileage policy

A limited mileage policy is great if you only use your minibus for specific purposes and are certain you can say below the number of miles agreed by you and your insurance provider.

Get a charity minibus policy

If you drive your minibus for charitable purposes then you can get a charity minibus insurance policy, which is considerably cheaper. You simply have to provide the correct documents to prove that you do in fact drive your business for non-profit purposes.

Park securely

Parking your minibus securely when not in use is an excellent way to cut down the cost of minibus insurance. A locked garage is the ideal but even having a driveway where you can park it is preferable to parking on the street.

Pay upfront

Paying for the entire year of your policy at the start might not seem like a great way to save money since you’ll be spending considerably more. However when you do this you can negotiate a lower overall rate with insurance providers.

Get a lot of quotes

One of the most reliable ways to save money on minibus insurance is to get quotes from as many providers as possible. The internet has made this a much simpler process than it used to be.

Saving Money on HGV Insurance

Whether you’re a HGV owner-driver or you run a trucking firm and need to insure a fleet of HGVs – you want to take any steps you can in order to keep costs to a minimum. Below are some of the best ways to do this

Get quotes from a specialist provider

When looking for HGV insurance, it’s always advisable to get quotes from specialist providers. Specialist providers are used to dealing with the types of claims the HGV drivers make and are often able to offer a better price.

You can easily get quotes from specialist HGV insurance providers by using a site such as Multiquote Truck

Get a fleet policy

If you have a fleet of HGVs that need to be insured then getting a fleet policy is the best way to go. Fleet insurance enables you to insure as many trucks as you need under the same policy. This not only makes things easier to manager but it also means you can save a considerable amount of money compared to insuring the vehicles separately.

Pay upfront

If you’re able to pay for your policy annually rather than monthly then you’re in an excellent position to negotiate a lower price. Paying annually does of course mean that you pay more upfront but if you’re happy to do this then you can cut quite a lot off the overall price.

Secure premises

Making your premises more secure is another excellent way to keep the cost of HGV insurance to a minimum. Having a secure premises cuts down on the risk of theft and vandalism. Some excellent ways to make your premises more secure including installing security lights, CCTV and a security alarm. It’s also a good idea to use some kind of access control measures, such as security spikes.

Get a lot of quotes

Getting quotes from a lot of different providers will ensure that you don’t overspend on your HGV insurance. It’s easier than ever to get HGV insurance quotes now so there’s no reason not to do this.

Be choosy with your drivers

If you take out an any driver fleet policy, then insurance providers will certainly take the age, experience and driving/criminal history of any named drivers into account. Therefore a great way to save money is to only hire reliable drivers who are over the age of 25 and who have a clean driving/criminal record.

Getting Motor Trade Insurance At The Best Price

Working in the motor trade means you need the right type of cover. There are many types of businesses that require a motor trade insurance policy, including car showrooms, auction houses, MOT centres and valeters to name just a few.

Unfortunately, insurance prices are higher than ever now in the UK but that doesn’t mean you can’t take steps to reduce the cost of motor trade insurance. Below are some of the best ways to do this.

Get a part-time traders policy

If you work in the motor trade on a part-time basis then it doesn’t make sense to get a year round policy since you’ll only need cover for when you’re working. In this case the best option is to get a flexible part-time traders policy from one of the many specialist providers online.

Increase excess

Another very reliable way that you can reduce the cost of a motor trade policy is to increase the excess you would pay if you had to make a claim. Of course this is somewhat risky since you’ll pay more when making a claim but it is a good way to reduce costs when first taking out the policy.

Hire reliable employees

Hiring reliable employees is another excellent way to keep the cost of your motor trade insurance down. Reliable employees mean less risk of incidents occurring and therefore insurance providers can offer you cover at a lower cost.

Make your premises secure

Security is always a big factor that insurance providers take into account so you should take any steps you can in order to make your premises more secure if you want to reduce your premium. Excellent ways to improve the security of your premises include installing CCTV, security lights and an alarm. It’s also a good idea to install some access control measures such as wall spikes to prevent would-be thieves and vandals gaining access to your premises.

Shop around

One of the best ways to save money on motor trade insurance is by getting quotes from many different providers. This is now easier than ever to do by using a site such as http://www.traders-insurance.com