With careful planning, you can find out what is the cheap commercial vehicle insurance option for your vehicle category. A good way to do is to let us know your requirement, and we ask our partners to get in touch with you for advising you in your insurance needs.
Do keep in mind that lowering of IDV is not a good way of reducing your premium. There are other finer points, which can be kept in mind to get cheap commercial Vehicle insurance.
There are multiple clauses in a typical insurance policy, centered around the safety of your vehicle, which can provide you with cheap commercial vehicle insurance, like
- Installation of approved Anti-theft devices,
- membership of selected automobile associations,
- Separate personal accident insurance cover taken for the driver, owner, paid driver that gives comfort to your insurer, and reduces the premium.
Have you heard of “No Claim Bonus”?
No Claim bonus is a good tool for rewarding the customers who did not make any claim during the policy year. It typically reduces the renewal cost by 20% (on own liability cover only) to 40% depending upon claim free years and other smaller parameters. However, if you make even a single claim, irrespective of the amount, the no claim bonus is lost.
If you need any assistance in selecting the best insurance for your vehicle, please fill in the form above and get the best insurance quote.