Haulage Fleet Insurance
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Why Compare Cheap Haulage Fleet Insurance Quotes With SimplyQuote?
When you’re managing an entire fleet of haulage vehicles, you don’t always have time for tedious admin tasks, like finding a new insurance provider. But, thanks to the free comparison tool, SimplyQuote has made it much easier!
Simply provide some information on yourself, your haulage company, vehicles and drivers, and receive haulage fleet insurance quotes from the top insurance companies in the UK – within minutes!
What’s Needed To Get Haulage Fleet Insurance Quotes?
Provide us with the following information and we’ll provide you with insurance quotes:
- Personal information: Name and surname, address, driving history, age
- Vehicle numbers: How many vehicles are in your fleet that you wish to insure
- Vehicle type: Make, model, value
- Annual mileage: How far your vehicles drive in a year
- Drivers: Any named drivers you wish to add to the policy.
Why Do You Need Haulage Fleet Insurance?
You need haulage transit insurance to protect and provide cover for your fleet. Owning a commercial vehicle of such high value means you’re at higher risk of liabilities – even more so when you own a whole fleet of them.
Haulage insurance is designed for heavy-duty vehicles such as trucks and lorries, usually delivering a single load to a single destination.
What Does Haulage Fleet Insurance Cover?
What is covered will depend on the type of haulage insurance and level of cover you choose.
Generally, the following is covered by haulage fleet insurance:
- Vehicle damage: Covers any damage to vehicles in your fleet, like repairs or replacements needed due to accidents, vandalism or theft.
- Third-party liability insurance: Protection against claims made by third parties due to injury or third-party property damage caused by the haulage vehicles in your fleet.
- Goods in transit: Insures the cargo that is being transported by your vehicles.
- Public liability: Cover for legal liabilities arising from injuries or damages caused to members of the public or their property due to your business operations.
- Employer’s liability: Protects you against claims from employees who are injured while on the job. This is a legal requirement in the UK if you employ any staff.
- Legal expenses: Covers the legal costs should anyone make a claim against your business.
- Breakdown assistance: Roadside assistance should your vehicle break down while on the road. May include towing.
What’s not covered?
- Accidents caused while driving under the influence of drugs and alcohol.
- When an unauthorised driver operates one of the vehicles in the fleet and causes an accident.
- Deliberate acts of vandalism caused by either you or your staff.
- Normal wear and tear.
- Unsecured cargo that gets damaged in transit.
- Unreported modifications to your fleet vehicles.
What kind of vehicles are covered?
A wide range of commercial vehicles can be covered by haulage insurance, including:
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- Heavy goods vehicles (HGVs) – over 3.5 tonnes
- Light goods vehicles (LGVs) – under 3.5 tonnes
- Trucks (including flatbed, refrigerated, tanker, rigid and articulated trucks)
- Trailers used with haulage vehicles
- Specialised vehicles (like those needed in construction, or car transporters)
Looking for the cheapest Haulage Fleet Insurance? Get your quote today!
Get QuotesWhat Levels Of Haulage Fleet Insurance Cover Can You Get?
The three different levels of haulage insurance include third-party only, third-party, fire and theft, and comprehensive cover.
Third-party only (TPO)
This is usually the cheapest cover on offer. It protects the damage done to other vehicles or third-party property but does not cover your own vehicles.
Third-party, fire and theft (TPFT)
It covers the same as third-party only insurance but also protects your vehicle from fire and theft (as long as it’s not your employee’s fault or a deliberate act).
Comprehensive
Comprehensive cover gives you the highest protection possible from risks and claims. It covers the same as third-party, fire and theft insurance, as well as cover for your vehicle and any injuries your drivers sustain in an accident (even when it is their fault).
What Add-Ons Are Available For Haulage Fleet Insurance?
You can get the following add-ons to your insurance policies if it is not already included as part of comprehensive cover:
Public liability
This insurance provides compensation for any member of the public whose health or property is damaged because of your fleet.
Goods in transit cover
This add-on will cover the goods being transported by your fleet that might be accidentally damaged in a collision or lost if the vehicle is stolen.
Legal costs cover
In a situation where a claim might be made, you may have to pay a lot of legal expenses. Having this cover to protect you from these expenses can offer your fleet security and protection.
Storage of goods
Provides cover for goods stored at warehouses or depots before they are collected and transported by the haulage company.
Windscreen cover
It’s common for your windscreen to suffer damage, especially for vehicles travelling long distances. This cover provides fast repair or replacement.
What Are The Benefits Of Haulage Fleet Insurance?
Here are the benefits that haulage fleet policies can offer your haulage company:
Saves time
Getting haulage fleet insurance for your vehicles streamlines the process of insuring multiple vehicles under one policy. It saves you time on admin and paperwork, especially when it is time to renew your insurance policies.
Cost-effective
Consolidating insurance for your entire fleet under a single policy will be more affordable than insuring each vehicle individually.
Flexible
Most haulage fleet insurance providers are willing to tailor the policy to meet the needs of your business.
Looking for the cheapest Haulage Fleet Insurance? Get your quote today!
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How Much Does Haulage Insurance Cost?
The cost of your haulage insurance policy will depend on how many vehicles there are in the fleet, but on average it can cost approximately £1,500 per year per vehicle.
Which factors impact the cost of haulage fleet insurance?
- Size of the fleet
- Types of vehicles insured
- Level of insurance cover
- Claims history of the company
- Business industry
- Type of transported goods
How To Get Cheaper Haulage Fleet Insurance?
There are several steps you can take to reduce the cost of your haulage insurance policies:
Pay annually
Paying your insurance annually may see you coughing up a big lump sum, but it will be cheaper in the long run as you will avoid paying monthly interest instalments.
Shop around
If your insurance terms are coming to an end, don’t just blindly renew them! Speak to your insurance broker or use SimplyQuote’s comparison tool to get a more affordable haulage insurance quote from various insurance providers.
Telematics devices
Installing telematics devices (also called black box devices) can reduce your insurance premiums. Haulage companies can install these devices in their fleet vehicles, which then track the driving habits of the drivers. The better and safer the drive, the lower your premiums will be.
Avoid modifications
If you modify your vehicles, you may increase their value, or you may make them riskier to drive. Modified haulage vehicles tend to drive up insurance premiums.
Experienced team
Experienced and older drivers are considered lower risk for insurance companies, so get an experienced driving team to cut down costs.
Security
Your haulage cover premiums will be lower if you ensure your fleet vehicles are safe. This includes installing GPS devices, central locking, an alarm system, and ensuring your vehicles are parked safely when off-duty.
How To Compare Haluage Fleet Insurance Quotes With SimplyQuote?
Easily compare haulage fleet insurance cover in just four steps with SimplyQuote:
- Fill in our online form: Tell us more about your business and fleet.
- Additional cover: Select which add-ons you would like to include on your policy.
- Compare insurance quotes: Find the correct cover to meet your needs.
- Save: Get the best insurance deal and start saving on your premiums.
Frequently Asked Questions
Haulage fleet insurance covers all the haulage vehicles in your company under one policy with one renewal date.
Although both are a type of commercial logistics insurance, they do differ.
- Haulage insurance: Specifically caters to businesses that transport large volumes of goods over long distances. They usually only have a single stop on the transit route, like furniture movers.
- Courier insurance: This business insurance is tailored to companies in the logistics industry that deliver parcels, packages and even food at various destinations, e.g. an Amazon delivery driver or Uber Eats. Couriers also usually use smaller vehicles, like motorbikes or cars.
It depends on your insurance provider. Usually, to get fleet insurance you require a minimum of two vehicles. The maximum amount is set by the insurance company, with some capping it at 50 vehicles while others allow over 500.