In the current economical climate businesses are tightening their belts to both contain and reduce their expenditure. Therefore, having received the renewal for your business van insurance shopping around to save money is a sensible course of action.
So, let’s look at some of the ways you can do this.
Talk to your existing business van insurance provider
Having received your renewal notice pick up the phone to the business van insurance company and speak to their Business Retention Unit-most insurance companies have one but if not speak with the Customer Service Department.
Explain that, having just received your renewal notice showing a large increase in the premium for the next twelve months you intend to shop around but before doing so you wanted to give them the opportunity to “re-quote” to see if they can provide a lower renewal premium than that given-ideally you want them to keep the premium at the same level you have been paying.
You may be presently surprised at what they may offer you to persuade you not to move your business van insurance. Shopping around to save money may not be necessary and will certainly save you a lot of time if you do not need to take this course of action.
Compare alternative quotes from several business van insurance companies
If your existing insurer will not improve on their renewal quote you can obtain alternative quotes in a number of ways:
- You could telephone several insurance companies yourself but this may take you some time to do all the research necessary and, if you are busy running your own business, you rarely have such time available.
- You could speak with an insurance broker and get him to do the “leg-work” as you know that he has the expertise to deal with business van insurance. Shopping around to save money on your behalf by getting you a number of quotes from different companies is what he is very proficient at doing.
- Alternatively you could go on the Internet and obtain quotes from a number of providers via one or more comparison price websites (ours included!).
So, as you can see with business van insurance, shopping around to save money is possible.