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If you are the owner of a courier service business then you will no doubt be insuring one or more vehicles that you use to deliver parcels to both personal and business customers. The cost of insuring such a vehicle is unavoidable as you are legally required to have such cover unless the vehicle is declared SORN (Statutory Of Road Notification) and is kept off the public road system.
You may be interested to read that the cost of insuring a car has fallen in the second quarter of 2020 in comparison to the first quarter of 2020. Apparently, according to the Confused.com Car Insurance Price index that is published on a quarterly basis, the average amount paid by a motorist for comprehensive cover was £770 per annum with this being £39 per annum less than was being paid in the previous quarter when the figure was an average of £809 per annum.
Whilst there is no guarantee that just because car insurance premiums have fallen that the same thing will have happened to the amount insurers charge to cover courier vans, it is to be hoped that premiums have fallen. Such a move would be warmly welcomed by those running a courier service business.
Car owners living in Inner London pay more for their cover than other parts of the UK. Therefore it is quite possible that the owner of a courier service business will pay more for his or her cover for their van that is used to transport parcels around.
It is to be hoped that the cost of car insurance continues to drop in the coming weeks and months.
If your existing courier insurance is shortly due for renewal or you are considering setting up a new business as a courier driver and looking for cover for the first time why not get in touch with us today with a view to obtaining a competitive quotation without any obligation.