There are many different HGV insurance policies available from multitudes of different insurance companies and so most HGV owners do not have the time or patience to sift through all of them, looking for the one which is most suitable for them, at a price they can afford. Even if they did have the time to go to the internet and Compare HGV Insurance prices, they often would not fully understand all the details in the small print to ensure they are getting a policy that best suits their needs. Many HGV owners have now found that a solution to this dilemma is to hire an insurance broker to look through all the different policies for them and then recommend the ones which are most suitable. Although it may be easier for them to just ask their local insurance agent to assist them, as an agent works for just one insurance company, they would be very limited in the number of policies they could offer you and even then they may not be the best possible policies. A broker though, is a free agent meaning that they have no ties to any one particular insurance company, allowing them the freedom to research many different insurance companies to find their most suitable policies. These insurance brokers are often ex agents and so fully understand the different terminologies used by the insurance companies and can quickly explain any points you may not understand. Usually these brokers will specialize in HGV insurance and so as well as knowing the insurance business, they also fully understand the HGV business as well. This makes them the ideal people to make recommendations, based on your requirements and their experience. Obviously in order for the broker to find you the most beneficial policy, you will have to give them all the details they require which will often include, the size of the truck to be insured, the age of the driver that will be assigned to driving it, the type of freight you intend to transport in the truck and if it is thought that the truck may have to make international deliveries, which countries will it need to drive through.
Obviously different sized trucks have different insurance costs but the age of the driver is also important as many companies will not insure HGV drivers that are under 25 years of age. If an insurance company does insure a driver under the age of 25, you can be sure they will charge you extra for doing so. The type of freight doesn’t matter too much as whoever insures the freight will be more concerned with that but, if you intend to transport hazardous goods, the cost for the HGV insurance could be more. Some countries have different insurance laws than others and so you will want to ensure that your truck is properly insured for any country it may have to drive in or through. If you own a fleet of HGV, it may be cheaper to insure more than one at a time.