This blog will break down what truck insurance is, why you need it, stress the importance of always comparing your quotes and why it’s a good idea to use a truck insurance broker. Once complete we are confident that you will understand how to choose a good truck insurance broker to help you with your policy requirements.
What is truck insurance?
Truck insurance is specifically for those who drive delivery trucks or HGVs for hire and reward, often making multiple deliveries in a single area. It covers the cost of the vehicle you are driving if it gets damaged or stolen or if you cause damage to a third party. Third party cover is the minimum you would need to be able to deal with the public safely whilst carrying goods.
As a truck driver working in logistics, you’re dealing with members of the public every day and there is always a risk that you could accidentally injure someone or damage their property and if this happens a claim could be made against you, so opting for additional public liability insurance could be advisable.
You may also require other add ons like goods in transit insurance, which is used to protect the value of the goods you’re transporting should they be lost, damaged or stolen, whilst in your care.
Why you should compare your truck insurance quote
As British roads have become busier, truck drivers have been subjected to more risks than ever before. Transporting goods on hectic and congested highways can result in accidents and these can cost a fortune. Not only can injuries or personal damages occur, but vehicles can also suffer huge repair bills, goods in transit can be destroyed and this can cause claims.
Apart from the logical areas you can keep those rates down; like a clean driver’s licence, advanced driving training or only transporting low risk goods, what is the best way to get a cheaper truck insurance quote? By comparing the available providers and their policies of course.
Why choose a truck insurance broker
With any type of insurance, it’s important to browse the market to ensure that you are getting the most appropriate policy for your requirements at the best possible price. This can be a very long-winded task, not to mention bewildering with all the potential add ons you might need for appropriate cover and complicated jargon to read through. By using a truck insurance broker, you can rest easy knowing it is their job to advise you on the best policy to go for and which supplier to use for the best price.
- Understands your needs – The main job of an insurance broker is to understand your needs. To do this they will ask you a series of questions to understand who you are, what you do, what your business does and what your objectives are. This allows us to gain an insight of the type of policy you need, and degree of protection you will require.
- Compares multiple policies – Unlike going direct to an insurance company or another form of intermediary, an insurance broker has access to multiple insurance providers and policies. At 1st Choice Insurance, we compare over 80 policies and give you the option between levels of cover and cost. A good truck insurance broker will always recommend the best value cover for your needs, but it’s also great to get guidance on all your options, not just the cheapest choice.
- Offer expert advice and support – Possibly the most value a truck insurance broker can add is the service. Once you become a client, they are there whenever you need them to support you at the end of a phone call or an email. Whether you have new insurance needs, need to make a change or make a claim, they can offer you impartial advice. At 1st Choice Insurance we have over 125 years of combined experience – so really are insurance experts!
1st Choice Insurance are an independent brokerage, which means that we are not tied to any specific providers or corporations, so you can trust that our insurance advice is unbiased. Give us a call on 01743 770 500 and speak to a friendly and knowledgeable member of the team. Let us save you time, hassle & money on your truck insurance policy.