There are probably an awful lot of drivers running their own courier service, when receiving their courier insurance renewal notice, merely pop the paperwork in a drawer or delete the email and pay no attention to checking if their premium is going to increase for the next 12 months. Nowadays, insurers have to make it clear to policyholders how much the premium is going to be and how much they have been paying in the previous 12 months.

You may be interested to read that, according to the Car Insurance UK Price Index, the average cost of fully comprehensive cover has gone up both in the 3rd and 4th quarters of 2021. For instance, in the 1st and 2nd quarters of last year the average premium was £402 per annum. In the 3rd and 4th quarters average premiums rose to £412 per annum and £444 per annum.

If the same thing has happened with courier insurance then this is something that courier drivers could have done without especially in view of the high cost of putting fuel in their vans.

One of the reasons for the variance in premiums is due to the pandemic. When more people were working from home at the height of the pandemic this meant that there were fewer cars on the roads meaning there were fewer road traffic accidents resulting in a lower number of claims. This meant that insurance companies were paying out less to meet claims and were able to pass on some/all of the savings onto policyholders. As more people returned to commuting to work in their cars there will have been a rise in road traffic accidents and payouts by insurers resulting in an increase in premiums.

So, when you receive your courier insurance renewal notice, why not get in touch with us to get a competitive quotation with absolutely no obligation. We look forward to hearing from you.