While delivering goods is essential to many businesses, lorries can be incredibly dangerous, so adequate cover is very important.
When searching for insurance premiums there can be a few factors to consider before committing to payment. We’ve broken down a few different questions to think about while searching for the best insurance premium for your needs.
What does lorry insurance cover?
This really varies depending on business needs – whether you need third party only, third party fire and theft or comprehensive.
Third-party only: This is the minimum legal level of insurance and helps protect other people, vehicles, and property in the event of an accident that was seen to be your fault.
Third-party fire and theft: This includes the above but also protects your lorry in the event of a fire, theft or damage caused from attempted theft.
Comprehensive: Comprehensive insurance allows you to claim on your insurance for accidents that are your fault and also when fault can’t be proven. Comprehensive provides an extra layer of protection, meaning that you won’t always have to pay for expensive repairs.
Things to consider when looking for lorry insurance
There are a few variables to consider when looking for lorry insurance, which will affect pricing. These include:
- The level of cover required, as mentioned above
- Where you will be driving – additional cover is required if you will be driving outside of the UK
- Who is driving – will you need individual insurance or a fleet policy?
- The age of the drivers – restrictions on licences can limit anyone under the age of 17, 21, 25 or 30 depending on what is required
How much is lorry insurance?
This really depends on your choice of insurance broker. Your insurance broker will determine how your risk is presented to the market and the prices that are associated with them.
It also depends on your history and experience, tying in with the factors mentioned earlier.
At Fleetcover, we work with the UK’s largest Insurance providers for fleets to get you a professional, hassle-free policy proposal.
We have access to a carefully selected panel of over 20 different insurers, meaning we can provide you with a competitively priced, comprehensive lorry insurance policy.
If you would like more information regarding a lorry fleet insurance quote, contact us today and receive guidance from one of our trusted advisors!