Brokers frequently see people suffer because they have the wrong insurance coverage. Often, this happens because they purchased directly from an insurance company instead of an independent broker.
Five simple strategies you should know before buying or renewing your Truck insurance. These tried and tested tips won't cost you a penny but could save you hundreds every year.
It is not necessary to pay more than you have to. A few simple steps combined with some time surfing for competitive Truck insurance rates really can save you serious money at renewal time.
The easiest way to cut your Truck insurance premiums is to cut the risk and accept a higher voluntary excess if possible. An insurer's standard excess may vary for a claim you'll see a reduction in your premium if you increase your excess. This is because you're taking on more of the risk so you get a discount. But it's a gamble, be aware that you might have to meet the cost of a broken window after an attempted theft or a bill for repairing bodywork damage.
Fitting security devices can also result in cheap Truck insurance premiums. If you live in a high-risk area for crime, it makes sense to fit extra security. It saves you money when your insurance renewal is due and gives you extra peace of mind.
Adding a named driver to your policy can increase or reduce your premiums depending upon the named drivers age, sex and driving record. Adding a young driver will increase your premiums, particularly with a limited or poor driving record. However, adding a driver over 30 years old with a long and clean driving record can cut premiums.
The biggest Truck insurance savings come from shopping around. There can be massive differences between the lowest and highest Truck insurance quotes for exactly the same Truck and driver(s). Start off using good comparative online quotation sites, take their best quotes and go direct to the cheapest Truck insurance company for more specific quotes.
So next time your renewal quote arrives, don't just accept it and give your money away to the insurance company. Use the steps above and get the right cover at the right price.
Truck Insurance is something everyone who owns a Truck needs. Brokers need to be well versed in as many areas of insurance particularly when insuring your Truck or organising the Public Liability for your business.
Insurance generally covers situations involving pure risk – that is, situations in which only losses can occur. Such situations include fire, and accidents. Insurance is a means of providing protection against financial loss in a great variety of situations. It is a contract in which one party agrees to pay for another party’s financial loss resulting from a specified event.
Yes Insurance Group is well versed in this area and has many Truck insurers ready to assist your business. Try and think back to the first time you purchased insurance from a broker. Insurance can be very daunting and not having the right policy can be damaging to your business.
Call us on 1300 726 113 to get a tailored insurance assessment for your biggest asset – your business