How to get cheap goods in transit insurance
There are a few ways you could cut the cost and get cheaper goods in transit insurance:
- Change to a black box policy
- Improve your van’s security
- Use a dashcam while you drive
- Increase your voluntary excess
- Ensure the goods you're carrying are accurately valued
- Don’t auto-renew
Consider changing to a black box policy for your van. It uses a telematics device to monitor your driving, so if you prove to be a good driver your insurer might offer discounts. Some black box policies also include vehicle tracking, which could be useful if your van gets stolen.
Improving your van’s security could help you get a cheaper premium as your van and the goods you carry will be less prone to theft.
Use a dashcam while you drive. If there’s an incident, it’s easier to find which driver was at fault. Some insurers offer savings for this extra transparency.
Increasing your voluntary excess could bring down your insurance policy but you’ll probably have to pay more upfront if you make a claim.
Accurately value the goods you carry as the value of what you are transporting will affect the premium you pay. Ensuring they are packed properly will also reduce the risk of damage. .
Don’t auto-renew. Sadly, insurers don’t always reward loyalty with cheaper prices. To make sure you’re getting the best deal, compare goods in transit insurance quotes before your renewal is due.
Find other ways to reduce the cost of your van insurance.
What our van insurance expert says
Before you get a quote, be clear about the type of cover you need. Goods in transit insurance is better suited to drivers in the haulage industry. If you use your van for carriage of own goods, then a commercial van insurance policy might be better suited.
Head of van insurance
Need more help?
It’s not a legal requirement to have goods in transit insurance. However, you may find that many customers will insist you have goods in transit insurance in place before they give you their business.
Goods in transit policies could cover you for up to £10m. While you might not need this much cover it could be better to err on the generous side to ensure you’re properly insured.
If you work for a big courier company we can provide cover to fulfil most conditions of carriage.
What is included in a goods in transit policy varies between providers. Public liability and employer liability are often included but if they’re not, you may need to arrange additional cover.