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.