5. Truck & HGV Insurance Providers: 2020 Cover Comparison

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Whether you have a single truck or haulage vehicle, or you have a fleet of them, you will want to protect these valuable assets which are essential to the running of your business. Depending on what your loads contain you may require additional cover to protect you from accidental spillage and environmental liability. Below we have explored what the leading insurance providers can offer.

The table below gives a quick comparison of the top UK providers for truck and HGV insurance.

The facts and figures included here come from each company’s website and were accurate at the time of writing (February 2020) but may have since changed. Also, please keep in mind these may not be apples to apples comparisons as each provider offers different solutions. This guide should be used as a starting off point for more research on your part.

Below we profile each of the companies’ services and features in a bit more detail.

Note companies are ranked in no particular order and this no way indicates one solution is better than another.

1. Aviva

Some of the features and benefits of Aviva’s truck and HGV insurance.

1. Specialist truck insurance
2. Designed for haulage companies and truck drivers
3. Cover for up to 4 trucks
4. Tailored cover
5. Covers from 3.5 to 60 tonnes
6. Articulated truck
7. Flatbeds
8. Skip carriers
9. Tankers
10. Low loaders

Aviva is an insurance provider that offers a variety of business insurance products which includes a range of vehicle cover. Their vehicle range includes fleet insurance, motor trade, truck, special types and agricultural vehicles. Their truck insurance is designed for haulage companies and individual haulage and truck drivers.

Aviva’s truck insurance is designed for articulated trucks, flatbeds, skip carriers, exhibition units, rigid lorries, tankers and low loaders. It covers trucks that weigh between 3.5 tonnes and 60 tonnes with a maximum vehicle cover of 4 vehicles on the policy. They have no vehicle age limit and the vehicle value limit of £250,000.

2. RSA

Some of the features and benefits of RSA’s truck and HGV insurance.

1. Haulage Solutions
2. Designed for small road haulage operations
3. Flexible cover
4. Liability cover required of hauliers
5. Suited to companies with up to 10 vehicles
6. Available to general cargo, couriers and temperature-controlled cargo
7. Can be extended to cover additional items
8. Trailers
9. Cargo entrusted to subcontractors
10. Public and employer’s liability

RSA offers a wide range of business insurance products which are either standalone products or packaged policies that are designed for specific sectors. They offer a range of motor insurance products which include fleet insurance and cover for various vehicle types such as haulage vehicles.

RSA’s Haulage Solution is designed to cater for companies with up to 10 vehicles which can include general cargo, couriers, temperature-controlled cargo, CMR and RHA conditions of carriage. Their cover is flexible and covers the regulations required for CMR and RHA. Their cover can be extended to include trailers, cargo entrusted to subcontractors, public liability and employer’s liability up to £10 million.

3. Ageas

Some of the features and benefits of Ageas’s truck and HGV insurance.

1. Fleet cover
2. Tailored cover
3. Suitable for small to large fleets
4. Minimum fleet size is 3 vehicles
5. Can be used for private or commercial vehicles
6. Cover includes accidents and theft
7. Windscreen cover
8. Covers vehicles used for delivering goods
9. Aim to get you back on the road quickly
10. Can only be purchased through a broker

Ageas is an insurance provider which offers a range of business insurance products that have been created as packaged policies designed for specific sectors and professions as well as more generic insurance products. They offer a range of motor insurance products which include fleet insurance which caters for a range of commercial vehicles.

Ageas’ fleet insurance has been designed to be suitable for small to large fleets that have a minimum of 3 private or commercial vehicles. Their fleet insurance is a tailored policy that covers vehicles for accidents and theft and windscreen cover. Their cover includes vehicles that are used for delivering goods.

4. QBE

Some of the features and benefits of QBE’s truck and HGV insurance.

1. Motor fleet insurance
2. Covers cars, commercial vehicles, coach, bus and minibus
3. Designed for fleets up to 15 vehicles or medium to large fleets over 15 vehicles
4. Choice of cover level
5. Flexible and tailored policies
6. Will support you in reducing your fleet risks
7. Assist you in reducing your downtime
8. Has a 24/7 claim helpline
9. Online repair tracker
10. Only available through a broker

QBE is an international insurance provider that offers a range of business insurance products which have been created as standalone or combined products that meet the needs of a variety of businesses of all sizes. Their range includes motor insurance such as motor fleet cover.

QBE’s motor fleet cover is suited to a broad range of vehicles including cars, coaches, buses, minibuses and commercial vehicles such as haulage, construction and hazardous goods. They have policies that are designed for fleets up to 15 vehicles and ones for over 15 vehicles. Their policies are flexible and tailored and will help you to reduce your fleet risks and vehicle downtime.

5. NFU Mutual

Some of the features and benefits of NFU Mutual’s truck and HGV insurance.

1. Specific truck insurance
2. Designed for HGVs, trucks and lorries
3. For vehicles over 3.5 tonnes
4. Protection for your crucial assets
5. Choice of cover
6. Covers damage and public liability
7. Can cover trailers
8. Breakdown cover and roadside assistance
9. Motor legal protection

NFU Mutual is a mutual society that is run for the benefit of its members and is an insurance provider that offers a variety of business insurance products. They offer a range of commercial vehicle insurance products which includes fleet insurance, van insurance and truck insurance.

NFU Mutual’s truck insurance is designed for commercial vehicles that are over 3.5 tonnes including HGVs, trucks and lorries. They provide protection for your crucial assets with a choice of comprehensive, third party fire and theft, and third party only which includes damage, public liability up to £5 million, no claims discount and trailers.

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