Everyone knows that you need decent vehicle insurance for your business. Not only is it a legal requirement for any vehicle that you or your company own to be insured in order to be on the road, but it’s also a way to protect the employees who use the vehicles and the cargo they are transporting.

You may be tempted to choose the slightly cheaper option of naming drivers on your insurance policies over paying a little more for an ‘any driver’ policy. It may seem worth saving a little here and there on policies where you can, and if for the most part, there are just two or three of the people in the company who drive the vehicle. However, you quickly lose out if you have to insure any temporary employees who need to use the vehicle while employed by your company.

It will cost you more to do this for a couple of weeks a year than to pay a little more on an annual premium and make it ok for any driver to drive your business vehicles.

Similarly, if you are ready to buy a new work vehicle, it’s worth checking out the insurance costs associated with the vehicle you are considering before you go ahead and buy it. Each vehicle will belong to a different insurance group and the cover can vary dramatically.

And the type of fuel may make a difference, too. For example, some insurers might offer lower rates for low emission cars and hybrids as they have an eco-policy. Other insurers may consider these cars more costly to replace and repair, so might increase the premiums compared to conventional cars.

Often, 4×4 cars like a Honda CR-V or similar vehicles have higher premiums attached to them as although they will provide their driver and passengers more protection in a collision, because of their solid manufacture, they may cause more damage to any pedestrian or damage to another vehicle in a collision.

The best way forward is, as with most things in life, to do your research before making any costly decisions you may regret.