Most individuals like to save money and that is also true of companies. One way that a UK company can reduce its operating costs is by purchasing the right cover for its commercial vehicles. The key to finding the cheapest policy is to do the most effective search. Here are some tips for finding a rock-bottom cover policy for your company’s vehicles:
1. Choose a higher voluntary excess.
This is one of the most effective ways to find cheap cover for your company’s vehicles. The drawback of this option is that it is somewhat risky. If you need to make a claim for one of the vehicles, then you will have higher out-of-pocket expenses. However, this method will definitely decrease your monthly car cover bill for commercial cars, trucks, buses and so on.
2. Buy multiple types of insurance from the same company. xe tron be tong autof
For instance, you could buy life cover and commercial vehicular cover from the same company. This could save you a substantial amount of capital, since insurers would be delighted to sell multiple products to your company. However, as a word of caution never assume that buying multiple types of cover from one company will definitely be cheaper.
3. Shop around.
As when buying any other type of cover, it is important to shop around. Get quotes from all types of companies big and small, online and offline and so on. The process is basically a numbers game. The more quotes you get from different companies, the greater chance that you will find a rock-bottom price for commercial car insurance. Remember: You can always find a better price!
4. Make a large down-payment.
The larger down-payment you make on an car insurance policy, the lower your premiums will be. While taking this step will increase your company’s out-of-pocket expenses, in the long-term it will be an outstanding investment if you want to lower your premiums.
5. Insure multiple vehicles.
Typically cover policies for commercial vehicles are for multiple vehicles, with a minimum requirement. Insuring multiple vehicles using one policy is the best option, as you can save a small fortune on car cover. Obviously you will not have this option if your company only owns one or two vehicles.
6. Get the minimum cover required.
The advantage of this option is that your company will have lower premiums. However, the problem with this method is that there is some risk involved. That is because you will only be required to have liability cover. So your own company vehicles will not be covered if you are in an accident. And if major damage has resulted, that could be a problem!
7. Have your drivers enrol in defensive driving courses.
By definition, the most obvious benefit is that the drivers of your company’s vehicles will drive more defensively. That is particularly important in today’s world, when stress and ‘road rage’ have become major issues. Secondly, some commercial vehicle insurance companies also provide discounts for drivers who have completed such courses.
By following these 7 steps, you can find quality and affordable cover for your company’s vehicles. While commercial vehicle insurance is a business expense, it does not have to be a costly one!