How To Effectively Lower Your Minibus Insurance Premiums
Minibus Insurance is a legal requirement for anyone who operates a vehicle that carries between nine and sixteen passengers
. Like most, minibus drivers can experience high premiums just ensure that they can keep the bus on the road and effectively covered for eventualities. However there are a number of options worth considering when looking at reducing a minibus insurance premium.
The majority of insurance brokers offer specialist discounts that many people will qualify for and it is no different with minibus insurance. When you contact an insurance broker ask them if you can qualify for any discounts. Brokers will generally offer introductory discounts for new customers even if you do not posses any no claims bonuses.
Having multiple policies with a single insurer can also help reduce your premiums. If you are a small business ask the broker for quotes on your other insurances and what discounts they would be willing to give you if you switched to them. They may not be cheaper on certain insurance products but many people are surprised at the savings they can make overall.
Complete an advanced driver or defensive drivers course. Although this further driving education is not considered essential it can be used as a route to cheaper insurance premiums, especially combined with other factors such as accumulated no claims bonuses. This helps provide evidence to the broker that you are a good driver and therefore can be placed into a category of low risk.
Avoid paying for more insurance cover than you actually need. If you are paying substantial premiums it is likely that you may be covered for much more than you actually need. For example you may be covered for European travel but actually have no intention of driving your minibus to the continent. Review your minibus insurance policy and ask yourself if there is anything that could be removed and relay this to your broker for a cheaper quote.
If you have a fleet of minibuses then you could receive large discounts from taking out a fleet minibus insurance policy. This is great for larger business that can buy multiple insurance policies for a range of vehicles in one go.
If you do not have a fleet of vehicles there are other avenues to reduce your premiums. This include looking at your annual mileage, if you are insured for a much higher designated mileage than you cover then reducing this will save you considerable money.
The final way you can look at reducing your premium is considering whom you include on your policy. If you have young drivers under twenty five, or older drivers over the age of sixty five then this is also likely to push up your premium. If you can operate without those drivers then it may be more financially viable to remove them off the policy.