Archives for August 2012

Which are the best vans for cheap insurance?

Perhaps you’ve just started a new business that requires a van, or you’re moving house and need to hire a van for the day to move your belongings. Whatever the reason, it’s a legal requirement that you take out van insurance to ensure that, should anything go wrong or you are unfortunately involved in an accident, your insurer will cover any costs of damage or loss.

The cost of van insurance is determined by the category of insurance group your van falls in. There are 20 van insurance groups, with number one being the cheapest level of insurance. Vans are categorized on a number of factors, including:

Weight and size

This will affect the steering and breaking, so it naturally follows that heavier vehicles are much more difficult to drive and therefore the risk of an accident is higher. As a result, owners of larger vans will be quoted higher premiums than those who drive smaller vehicles.

Value

A no brainer this: the more expensive the van is the higher the cost of insurance will be.

Repairs

Another contributing factor towards which insurance group category your vehicle will fall in is the cost of repairs, as it is usually more difficult to source the spare parts for cheaper models, so they become more difficult to replace.

If this is the case, then it’s likely that your van will be assigned to a higher insurance group to reflect the costs involved in sourcing the parts in the event of a claim.

Security

Vans that are more likely to be stolen, such as those that are unsecured of lack security features, will also be categorised in a higher van insurance group, so it may be worth looking into investing into some immobilisers or security alarms before you contact a company like Swinton van insurance for cover.

Usage

How you intend to use your van will also have an impact on your level of cover and cost. If you are self-employed and hope to use the van to transport your own belongings, such as your ‘tools of trade’, you will most likely be covered by what is known as ‘carriage of own goods’ cover. On the other hand, if you’re transporting goods that do not belong to you, i.e. you’re delivering other people’s belongings, then this type of cover is ‘haulage/hire and reward’ cover.

Other factors

Where you choose to park your van will impact the cost of your insurance premium, so this will be vital information for the insurer. If you are able to park your vehicle in a secure location overnight away from the risk of theft, then you will be offered a cheaper quote than if you intended to keep it parked on the side of the road.

Joint motorcycle and car insurance

Owners of both car and motorcycles often find it difficult to insure their vehicles under one plan, citing that it’s generally more expensive than insuring them separately as well as it putting their no claims bonus at risk should they have an accident on one or the other. This, however, is not always the case, with many insurers now offering joint vehicle insurance, with discounted premiums for their safe drivers.

6 wheel insurance

Joint motorcycle and car insurance policies are now often referred to as 6 wheel insurance, allowing those who own both types of vehicles to be insured under the same plan. These insurance policies have been in demand for some time but only recently have they begun to crop up. Bikers are generally more prudent drivers as they are used to being more exposed on the road, meaning they also tend to be safer car drivers. Insurers have realised this and now have begun to offer competitive insurance policies to reflect this.

Save time and cost

Insuring your car and bike under one policy is also massively convenient as it saves a lot of time and effort reading into separate insurance policies that can often be confusing. Once you have your policy, your renewal dates are consolidated, protecting your no claims bonus for both vehicles. These insurance policies are a good comprehensive option, offering UK and European accident and breakdown cover as well as £50,000 in motor protection should you get in an accident that wasn’t your fault with an uninsured driver. These insurance policies are comprehensive, meaning that if you don’t want that level of protection, you could be saving more by using third party insurers.

How it works

With your average comprehensive motorbike insurance policy and car insurance policy costing more than £600 combined, having some form of six wheel car insurance can save you considerable amounts of money, with the average combined cost coming to around £550. The price of insurance will obviously vary driver to driver, depending on the age, previous driving history, type of vehicle, eye sight and criminal convictions. So, be sure to get a quote and you could find yourself making considerable savings.

Compare online

Depending on your history and circumstances, it may be cheaper to insure separately, so use price comparison websites to calculate exactly what savings can be made. Using Swinton motorbike insurance in conjunction with a cheap third party policy could be a wiser option, so shop around for the best deals.

BIBA reports 1,500% growth in black box car insurance sales

The British Insurance Brokers’ Association (BIBA) published their telematics car insurance industry research last week.

The report highlights the growth of the sector over the past year, and predicts that the ban on gender rating will amplify the growth in the take-up of black box car insurance policies.

This new kind of car insurance is particularly popular with young and new drivers who often find car insurance expensive and sometimes can’t even get a quote. The Telegraph recently reported that young males aged 17-22 now pay an average of £2,792 for their insurance. Having a box fitted to your car could make getting on the road a more realistic possibility for young drivers across the UK.

Demand for telematics is predicted to further accelerate in light of a new EU directive, whereby a driver’s gender cannot be used in generating their quote. Having a box fitted could therefore be an attractive option for young female drivers seeking to avoid the expected rise in their premiums.

Another benefit of the box is that insurers can evaluate young drivers more quickly. Instead of waiting for your annual renewal to earn NCD, your policy could be reviewed every three months. Not all telematics providers have quarterly reviews, but one interesting insurer that does is ingenie – as well as being backed by Gary Lineker and underwritten by insurance heavyweights Ageas and RSA, the black box car insurer also uses a mobile app to send frequent driving feedback to their customers, as well as providing helpful tips on how to become a better driver.

BIBA are already forecasting 500,000 annual box insurance policy sales within the next two years.

Making an insurance claim against your employers

 Accidents at work are extremely common, with roughly 118,000 injury claims made per year in the UK. These cases can range from repetitive strain injury to serious work related accidents.

If you feel that you have been injured at work through no fault of your own, you should seek legal representation to help get financial compensation.

Workers are often worried about making insurance claims against their employers as they feel it may jeopardise their job security as well as their relationship with their employer. This shouldn’t be the case as your employer is responsible for the safety of the workforce and you may well be able to sue for unfair dismissal if a claim gets you in hot water with the boss.

If the accident occurred as a result of another employee, you are also liable to make a claim under vicarious liability.

If you’re injured at work, you should immediately contact your supervisor or manager and get them to log it in the accident report book that all employers are legally required to have. This will be essential in validating your claim further down the line. Be sure to note down all the details of the accident in as much detail as possible.

If there were any witnesses at the time of the accident, it’s important that you ask them to make a statement as this can make the claiming process much easier. Some employees may be reluctant to report against your employer and that is something you have to respect.

You should then have your injuries examined by a doctor who can then decide how you need to be treated. If you can, ask your medical practitioner for a letter outlining the injuries sustained to help support your insurance claim.

A successful insurance claim against an employer will depend on being able to conclusively prove that the injuries you sustained were of no fault of your own. This can be especially difficult with things like mesothelioma compensation claims, where significant sums are often sought, because it can take years for the illness to develop.

You should not worry about this affecting your job, your employer is fully insured and is not allowed to make you redundant as they will be faced with further legal action for unfair dismissal. Your employer, if anything, should be understanding of the injury and help you in making your claim. There are many specialist injury lawyers that can help you with your claim so be sure to research into which firm is the best at handling cases similar to yours.

Euroferret.com is owned by Mediamash (NI) Limited, who are an Introducer Appointed Representative of Seopa Ltd. The quote system is owned and operated by Seopa Ltd, who are authorised and regulated by the FCA, number 313860. You can view our registration at www.fsa.gov.uk/register/firmSearchForm.do?sid=127135. We do not give financial advice on this website. If in doubt get professional advice and always read the policy information before purchasing an insurance contract.