Automotive Addicts

Even the rest of the world shares the same trend, as far as demand and supply, of car or motorcycle insurance is concerned. One of the primary reasons, for this huge demand and supply for vehicle insurance results from the fact that in most countries of the world, driving a vehicle without a valid vehiclecycle plan is not permitted. A carcycle policy for your car holds as much importance as your driver’s license.

Having understood the widespread need for financial investments that insures a motor vehicle, you may want to know what you could do to find best quote to insure your vehicle. If you are looking mainly at reducing the amount of premium paid to insure your vehicle and are not keen on safeguarding your vehicle and yourself from financial damages, a third party vehicle insurance policy may seem appropriate for you. However, if you want complete protection not only for you, but also your vehicle and other legalities, it is better to opt for a more comprehensive cover to insure your vehicle.

When it comes to vehicle insurance policies, there are a number of options you can choose from depending on your requirements and even budget. Most insurance providers may offer standard policies, such as motorcycle insurance which can be adjusted here and there. You can also insure your motor vehicle with a policy rich in features and within a very short span of time. Internet websites can help you research different aspects, of insurance companies and the products they offer, which include product features, value additions, offers coupled with the products, and price.

Price is perhaps the most important aspect, which helps buyers evaluate the value offered. In India, price plays an even more important role in the evaluation process. This is because buying a comprehensive vehicle insurance policy is not feasible for most people. However, as it is mandatory to have some kind of cover, insurance companies have to provide a number of affordable options for vehicle owners to choose from. It is not very difficult to identify a suitable quote from a reliable company that would insure your vehicle in an appropriate manner. The internet is an excellent medium you can use in this case as you can look through various sources for the best product to insure your car online. Most insurance companies usually provide a ready comparison of different available policies. With a few clicks, you can get a quick quote to insure your vehicle online.

Couriers are usually regarded as “high risk” for motor insurers. Van drivers statistically have a higher accident rate than private vehicles, their exposure on the roads is far greater than that of a private motor car, therefore dramatically increasing the chances of a road traffic incident. The vehicles are more often than not owned by a company or fleet and drivers are less likely to worry about the damage they may cause to the vehicle.

Courier van drivers, also referred to as the ‘White van man’ are notoriously known for being involved in road traffic accidents. Couriers can be up against tight pick up and delivery time slots, and some are even incentivized on the amount of collections and deliveries they make. This can encourage the drivers to race around town and hence are prone to more incidents. Insurers take this into consideration when quoting this type of risk and the premiums quoted are a reflection of the claim statistics. Continue reading ‘Courier van drivers posing an insurance concern’ »

What Affects the Cost of Van Insurance?

Ultimately there are many factors which can affect the cost of insuring your van (or vans). Detailed below are a list of key factors which insurers will consider when pricing up your policy:

1. How many vans are to be covered in the policy
2. The weight of the van (s)
3. The make and model of the van (s)
4. Your geographical location
5. The age and experience of the van drivers
6. Whether or not the van drivers are named (or an ‘any driver’ van insurance policy is required)
7. The security of the van(s) – e.g. whether alarms, immobilisers or trackers are installed
8. Claim history
9. What the van will be used for
10. The excess

It is really important that you obtain appropriate insurance cover for your van(s); rather than simply going for the cheapest quote you can find. Continue reading ‘Van Insurance – A Guide’ »