How you can save money on Road Risk Insurance

February 12th 2014

From shopping around for the best policy to making sure you follow the best health and safety advice, there are a number of ways that you can save money on Road Risk Insurance.

If your company revolves around the buying, selling or maintenance of vehicles, you will need to find the right motor trade Road Risk Insurance. At first glance, any policy that covers a number of vehicles may seem costly, but with the right advice and patience you could save your company a substantial amount of money.

It always pays to get as many quotes as you can. These days, with the abundance of “comparison websites”, many on the hunt for a cheaper quote will simply rely on a search engine to do all the work. The smarter types looking to save money will know you can’t beat the advice of a specialist insurance broker.

If you take out full Traders Combined cover you can, unsurprisingly, get a lower quote by proving that your premises are protected by top of the range security equipment. This may cost in the short term, but the results will be well worth it next time you seek a quotation. You also benefit from the added bonus of knowing your company premises are as secure as you could wish.

Making sure that you follow the Health and Safety Guidelines of your profession is not just good practice it can also help you when searching for the best motor trade Road Risk Insurance. If you can prove that you’ve put procedures in place to protect your staff and vehicles then the likelihood of a premium policy is more than a suitable reward.

While it will vary from company to company, there is a good chance that any bonus you’ve accrued with a private vehicle insurer will be transferable to your Road Risk Insurance. After all, a safe driver with plenty of experience is an insurer’s number one target.

So you’ve found a quote that promises to save you thousands? Great news! Or is it? Buying cheap might save you money in the short term, but the wrong policy is almost certain to affect you later on. The biggest problem with a “too good to be true” deal is the fear of exclusions and underinsurance. Make certain that you have the right policy by speaking to an expert before you sign any seemingly golden deal.

Acquiring Road Risk Insurance can seem like a daunting task, but if you stick to the advice above and actually speak to an expert or specialist you’ll find that the best quote, and the best policy are closer than you think.