Compare Truck / HGV Insurance

Many people who drive Heavy Goods Vehicles (HGV), otherwise known as trucks, are always very busy. However, no matter how busy you are, the law mandates that you get a form of truck insurance to cover your vehicle.

Considering the work, you do, scouting around to compare cheap truck insurance is probably not a wise call. Not to worry, we have you covered! Mymoneycomparison is the best stop for you to get cheap truck insurance quotes for your business.

Even if your truck is currently off-road, the law requires you to get a form of truck insurance. This is why it is advisable to get cheap truck insurance quotes for your van so you can compare and get very good deals. The only exception to this is if you have registered it as off the road with a Statutory Off Road Notice (SORN).

Perhaps you own a fleet of trucks? We also have you covered. This article is aimed at putting you through the basics you need to know. At the end of the article, you will have everything you need to get a cheap truck or HGV insurance quotes online. You can start here to provide us with your details.

The requirements for getting cheap truck insurance is quite similar to that of cars, vans and other types of vehicle. For the truck insurance, you should expect questions about the nature of your business, the size of your fleet, the number of drivers, etc.

All things being equal, the requirements are quite straightforward to get HGV premium. However, all things are not always equal. On many occasions, a lot of people have complicated needs. This is why we offer you cheap truck or HGV insurance comparison an opportunity to access a host of HGV policies from the comfort of your home within minutes.

Types of Truck and HGV Insurance

To help you really understand how to compare cheap truck insurance online, we will walk you through the different types of policies available.

Third party only truck or HGV insurance (TPO): As the name implies, this only covers damage to the affected third party. It is the most basic form of cheap truck insurance cover available it is often advised for truck owners who are on a tight budget. It covers injury caused to third-party drivers and passengers, damage to other truck or vehicle, and liability in the course of towing a caravan or trailer.

Third Party, Fire, and Theft Truck Insurance (TPFT): This is the next best thing after third party insurance. In addition to the benefits concomitant with Third party policy, you get cover from fire, theft, and any damage caused to your lorry in the case of theft. It is slightly more costly than normal third party premiums, however, when you compare cheap truck insurance quotes here, you get to save your hard-earned money.

Comprehensive Truck / HGV Insurance: The king of them all! You are provided with an all-encompassing level of cover and this includes any loss or damage to your truck, windscreen cover, loss of personal belongings, medical expenses, in addition to the usual TPFT cover. Sweet right? Since you get a lot of benefits, the price is on the high side, and we advise you to check here in order to compare cheap truck insurance quotes.

Other Categories of Truck Insurance

Telematics Truck Insurance: Here, the truck insurance broker either uses a black box or an application on your mobile phone to calculate your premiums based on the nature of your driving. It is just burgeoning and has become hugely popular with a lot of commercial fleets since it can be used to monitor the performance of other drivers. You can compare cheap truck insurance for telematics system on our website and get instant quotes here.

Fleet insurance: For truck owners with a lot of trucks, the cost of insuring the vehicles individually might become a burden on you. We are here to make sure you easily compare truck insurance available and get the best deal for your business.

The minimum number of trucks you need to qualify as a fleet owner differs among insurance brokers. It can be two, three, or five. The maximum can also be between hundreds and thousands. It is best you have a good idea of these policies when you get cheap truck insurance comparison.

Commercial truck insurance: Many truck owners give up their vehicles for commercial use, and HGV insurance is normally aimed at these people. Commercial truck use includes carriage of personal goods, carriage or goods for hire, and haulage. Even though there is a subtle difference between haulage and carriage, the policy document might be worded in the same way.

Normally, hire classification is for drivers who deliver to many addresses, while haulage is the definition for drivers who travel many miles to deliver a single load. Often, the haulage insurance policy also covers courier work.

Getting Cheap Truck Insurance

Apart from the cheap truck insurance comparison quotes you get here, you can minimize the cost of your premium by;

Getting fleet insurance instead of individual truck insurance if you have a lot of HGV

Employ drivers who have decent experience and impeccable record.

Install cameras in your truck in order to determine who is guilty during accidents.

Use appropriate security devices.

Employ a safe house where you can store your trucks overnight.

Build up your no-claims bonus.

Pay your truck insurance premium annually not monthly.

Bump up your voluntary excess.

Enforce a strict and advanced driving qualification for your drivers.