For those who drive and deliver for a living the need for couriers insurance is a must. And what’s more this form of insurance not only represents a safety net should an accident take place, but today is actually a legal requirement. That said no one likes paying over the odds upon their insurance policies, and so here we cover seven savvy ways to drive down the cost of the average courier insurance policy.
Just as with any other form of insurance policy, when shopping for courier insurance it pays to shop around, so be sure to gather quotes from as many insurers as possible, being sure that the quotes are like for like and providing the same levels of coverage.
Find an insurance specialist
Courier insurance specialists can not only provide for premiums that are lower, but can additionally provide tips and tricks that can drive your quote down further, such as the installation of a black box that monitors your driving.
Be informed about the (many) different forms of courier insurance policies
There are a wide range of insurance policies that fall under the umbrella term of courier insurance, including:
- Courier Van Insurance;
- Courier Car Insurance;
- Van Insurance with hire and reward use;
- Car Insurance with hire and reward use;
- Truck or HGV insurance for haulage use.
Be aware of how the size of your vehicle affects your insurance premium
If you own a van that weighs in excess of 3.5 tonnes then you will require a haulage insurance policy, rather than courier insurance. In this instance you should ensure that the quotes that you gather come from specialists within this insurance area (although there are many companies that provide for both specialist courier and haulage policies).
Be sure to mention your any No Claims, whether this has been upon a van or any other type of vehicle
No Claims discounts can represent big buck savings, and luckily the majority of courier insurers will take into consideration any No Claims carried over from any other van or car insurance in the years previous.
Is the insurance still too expensive? Then consider raising your voluntary excess
If, after all of the above tips, you still find the resulting quotes to be too expensive then you may be able to consider a higher voluntary excess. This excess represents an immediate payment that contributes to any repairs following an accident. You do however need to ensure that this amount is realistic and that you could genuinely afford to cover this cost should you have an accident.
And finally… Consider breakdown cover
Last but not least it pays to be aware that courier insurance policies don’t come with breakdown cover as standard, and when relying upon your vehicle for what can be time critical deliveries, you need to be sure that in the event of a breakdown you will still be able to complete your all-important rounds. To this end you should ask insurers directly about whether they provide this cover and if so how much they provide it for (although you can hold your courier insurance and courier breakdown cover with separate companies).