Is the Cost of Classic Lorry Insurance Going Up?

The easy answer is that it's not just classic lorry insurance that is going up, but absolutely everything that concerns the transport industry. The ever increasing fuel costs and rising inflation are doing nothing to help, and there are many hauliers who are really struggling to stay on the road.
There are some things that can be done to redress this situation and to make sure that classic lorry insurance is kept to a minimum. The first, and most obvious, thing to do is to make sure that you are not over-insured because that really is money down the drain. If you are not sure, there are many reputable brokers who are professional, highly experienced and who specialize in classic lorry insurance.
If you have more than three lorries ask about a fleet policy rather than insuring them individually. Very often, this will save money straight away.
Another way of reducing insurance costs is to make sure that your drivers undergo regular training so that they are aware of both economical ways of driving, and how to drive more safely. Good insurance companies will be able to give you details of these kinds of courses and you will find that once they have been completed your insurance premiums should come down in response.
Another strategy for helping to reduce classic lorry insurance costs is to fit a telemetric system to your lorries. These monitor driving styles and have proved themselves to be instrumental when it comes to safer driving, more economical driving, and also as an effective way of settling disputed insurance claims. There are many insurance companies that encourage the use of these systems and will reduce premiums if they are used.
If you want to make sure that you don't lose your no claims bonus and see your insurance premiums escalate if you have to make a claim, then consider paying a little extra to protect it. It does mean that you have to pay a little more but in the long term, it could save you a fortune.
It's not just classic lorry insurance that it is possible to save money on; there are other areas, too. Many lorry drivers stick decorations to the fronts of their trucks but this can actually increase fuel consumption. Consider having them removed and replacing them with more aerodynamic accessories, which should make significant savings for you in the future. With petrol prices rising, it's never been more important to shop around.
For more information on keeping costs down while on the road, just visit http://www.visioniq.com/.
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