Monthly Archives: February 2013

How to Find Truck Insurance

Getting insurance for your truck is a legal requirement in the UK. The good news is that finding truck insurance is now easier than ever. There are many sites out there that make getting truck insurance quotes incredibly quick and simple – more on that in the final section. Before covering how to get quotes I’ll look at the types of cover you can get for your truck and what factors affect the cost of a policy.

Types of Cover

The type of cover you get for your truck will depend largely on what type of truck you own. There are many types of trucks that are used for different purposes but for simplicity’s sake I’ll focus on commercial trucks that are used for transporting goods. Depending on whether you’re an owner driver or a trucking company operator you’ll either want to get an individual policy for your own needs or a fleet policy.

Fleet insurance is ideal for those who have a large number of trucks to insure. It allows you get insurance different types of trucks with different drivers all under one policy. Whilst it might take more work to set up the policy initially, it saves a lot of time and money in the long run. In fact in many cases it would prove completely impractical to insure the trucks separately.

What Affects Cost 

There are a lot of factors that will affect the cost of a policy but some are important than others. Below are four of the main factors that will affect the cost of a truck insurance policy.

  • Driving Experience – Your driving experience is a big factor that affects cost. Insurance providers will want to know that you’re able to handle your vehicle well so a good amount of truck driving experience is a big bonus 
  • Age of Driver – Your age is another important factor that affects cost. Generally drivers that are under 25 will pay considerably more for their truck insurance than other types of drivers. For this reason many trucking companies will not hire drivers who are under 25 years of age.
  • Cargo Carried – Many insurance policies will include cover for theft or damage to goods so the type of goods being carried will have a big effect on the cost of a policy.
  • Level of Coverage – There are a lot of options can either opt to have included or omitted from a given policy. As you’d expect the more options you have included the higher the cost of the policy is going to be.

 

Getting Quotes Online 

Now that you’re better informed about truck insurance you’ll probably want to know the best way to get about getting quotes. There are a few ways you can obtain quotes but by far the quickest and easiest way is to use a insurance comparison site. At such sites you can get quotes from multiple insurance providers by simply filling out one form. This is ideal as it allows you to compare the quotes to each other so you can get the best deal possible.