O/T How much does HGV insurance cost?

[ASCAR24/7/365.5]

hey guys, a bit off topic but how much does hgv insurance cost? im doing an essay at the moment and need a rough idea on how mucha 18 tonne truck and a 44 tonne arctic insurance would cost....i know it varies but i just need a rough idea, any help is welcome!

adam

[Reynard]

Not sure I can help ya... Maybe this might be worth moving to the driving and transport board later. Folks there are far more likely to know.

[racing59]

Insurance in the heavies world is not always about road risks, it's about goods in transit.

If you only carry sand & gravel, your payload won't have a great deal of value, therefore your insurance will be lower than someone who carries high value goods like industrial machinery, or consumer goods.

When I ran a 40tonner, with a payload insurance of up to £30K it was around £3000/yr, but that's gone up a fair bit since 1999. I think that's the sort of figure my brother was paying for his 18tonner just over a year ago (he's packed up now - had enough of earning less than someone who says "you want fries with that?")

Ballpark figures, something like £5000 for an 44T Artic with a fairly standard "general haulage" £30K cover, add something like £5 per thousand extra cover. And circa £3000 for an 18tonner.

Extra's to add - haz-chem, high value cargo's often carry a premium and are sometimes done on a per-load basis. Why insure your truck for carrying a 26tonne payload of Nokia N95's worth ££££££££s every day of the week when you may only carry one load of them a year.
I recall bruv taking a load of Kemppi welders (calm down Duane), and had to up his policy to cover £1M!!!!

There are specialist commercial vehicle insurance brokers out there who should be able to give you more accurate figures. Have a google!

Rob.