Getting The Best Deals On Commercial Van Insurance
With the current slow pace of the global economy
, companies, especially small business enterprises need to minimise expenses as much as they can. If you are an entrepreneur who uses vans for your business activities, you need to be prudent and smart in choosing commercial insurance for your vehicles.
When making your choice of insurance cover shop around for the best quotes and find the one that suits your budget and your requirements. Getting a good deal on your commercial van insurance begins with checking the websites of insurance providers and asking for a quote.
A shorter way to do this, however, is to search for a comparison online insurance quote website that features several insurance providers you could choose from. That's a fine way of saving on your pounds, your time and your phone bill. You can simply fill up inquiry forms on such a website and wait for the insurance companies to contact you with their offers.
There are other ways however, that you could save on your insurance premium, and here are a few suggestions:
1. If your needs aren't that massive, perhaps you could consider buying a smaller van, as this will warrant lesser premiums than a bigger van.
2. Consider using a vehicle alarm, as this will protect your van from theft and vandalism.
3. Use your van only for business purposes, as if an accident happens while the van is being used for personal use the insurance company will not pay for damages.
4. Check if your insurance also covers breakdown damages and whilst repairs are being made, that a replacement vehicle will be provided. Not having this kind of cover may mean further losses to your company if you have no vehicle to use for your deliveries and other transactions.
5. Read the fine print to make sure that you are not paying for unnecessary protection or that you are getting adequate protection for the buck you're paying.
Getting the Best Deals on Premiums:
Insurance companies will allow you to pay your premiums monthly, with an interest of about 10% per annum. Paying an annual premium may save you some money, but if the premiums are too heavy on the budget you may opt to pay off using a 0% credit card, as long as your business pays up the amount due in full every month. This is to avoid paying expensive card interest or excessive bank charges.
Another way to lower your premiums is to pay a higher voluntary excess. This refers to the amount of damages cost you would have to pay first, before you can claim from your insurance company. Go for insurance companies that offer 'no claims discounts', which means you'll pay lower premiums if you haven't made a claim on your insurance for a year.
If your company uses several vans for business, it will be better to get a fleet insurance as this will lower your premiums considerably. You can negotiate for a bigger discount if you insure your vehicles all at the same time.
Getting insurance cover for your commercial vehicles is a business necessity, because it protects one of your company assets that help you to conduct a successful business. All it takes is some research and sharp negotiation skills and you can easily get a good deal on your van insurance.
by: Tom Jones
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