One of the most common questions we are asked is:

👉 “How much does HGV insurance cost?”

The honest answer is:
👉 It depends on several important factors.

At Avis Insurance, we specialise in arranging insurance for:

• Owner drivers
• Haulage companies
• Fleet operators
• New ventures
• Specialist and high-value vehicles

Because every operation is different, premiums can vary significantly depending on the type of work carried out and the level of risk involved.

What Affects HGV Insurance Costs?

Claims and Accident History

One of the biggest factors affecting premiums is previous claims history.

Insurers will consider:

• Fault and non-fault claims
• Frequency of claims
• Value of previous losses

👉 A strong claims history can significantly reduce premiums over time.

Driver Age and Experience

Experienced drivers are generally viewed more favourably by insurers.

Premiums may be higher where:

• Drivers are under 25
• HGV licences have only recently been obtained
• There is limited haulage experience

However, specialist insurers may still offer competitive terms for experienced drivers starting a new business.

Type and Value of Vehicle

The vehicle itself has a major impact on premium.

Factors include:

• Vehicle value
• Weight and size
• Type of vehicle
• Specialist modifications

We arrange cover for:

• Articulated lorries
• Rigids
• Skip lorries
• Tippers
• Refrigerated vehicles
• Vehicles up to 150 tonnes GVW

Type of Work Carried Out

The nature of your operation affects risk significantly.

For example:

• General haulage
• Amazon Relay work
• High-value goods
• Hazardous or specialist loads
• European use

Certain contracts may require:

• Higher Goods in Transit limits
• All Risks cover
• Additional liability protection

Owner Driver vs Fleet Insurance Costs

Owner Driver Insurance

Owner driver premiums are often influenced heavily by:

• Driving experience
• Claims history
• New venture status
• Type of haulage work

Fleet Insurance

Fleet insurance is usually rated based on:

• Fleet size
• Overall claims performance
• Driver profile
• Business operations

For larger fleets, fleet insurance can often be more cost-effective than arranging individual vehicle policies.

New Haulage Business Insurance Costs

New ventures can sometimes face higher premiums because:

• There is no previous insurance history
• No earned No Claims Discount
• Insurers may view start-ups as higher risk

However, as specialist truck insurance brokers, we can often negotiate:

• Introductory discounts
• Flexible underwriting terms
• Competitive cover for experienced drivers starting out

👉 Previous HGV driving experience can make a significant difference.

Goods in Transit and Liability Cover

The level of additional cover required also affects premium.

Examples include:

• Goods in Transit Insurance
• Public Liability Insurance
• Employers’ Liability Insurance
• Breakdown Cover
• Legal Expenses

For example:

• Amazon Relay contracts often require £100,000–£180,000 All Risks Goods in Transit cover
• Higher indemnity limits generally increase premium

Ways to Help Reduce HGV Insurance Costs

There are several ways operators can help reduce premiums, including:

• Maintaining a strong claims history
• Using experienced drivers
• Improving vehicle security
• Installing cameras and tracking systems
• Choosing the correct policy structure
• Working with a specialist broker

👉 Choosing the right insurer and structure can make a significant difference.

Why Use a Specialist Truck Insurance Broker?

HGV insurance is a specialist market and policies can vary significantly between insurers.

At Avis Insurance, we:

• Work with leading UK insurers and specialist underwriters
• Understand the haulage sector
• Arrange cover tailored to your operation
• Help ensure contract requirements are met

👉 Our experience allows us to identify the most suitable and competitive options available.

Frequently Asked Questions

Is HGV insurance expensive?

HGV insurance is typically more expensive than standard vehicle insurance due to:

• Vehicle size and value
• Commercial usage
• Potential claims exposure

However, premiums vary significantly depending on the operation.

Can new haulage businesses get affordable insurance?

Yes. Specialist insurers may offer introductory discounts and favourable terms for experienced drivers starting a new venture.

Does Goods in Transit Insurance affect premium?

Yes. Higher indemnity limits and broader cover such as All Risks insurance will generally increase premium.

Does fleet insurance reduce costs?

In many cases, yes. Fleet insurance can simplify administration and may offer cost savings for larger operators.

Get a Competitive HGV Insurance Quote

Whether you are an owner driver, fleet operator or starting a new haulage business, we can help arrange cover tailored to your operation.

👉 Call 01628 662666
👉 Speak directly to a specialist today