Commercial vehicle insurance

Insuring your commercial vehicle properly doesn't have to be expensive. You can save on the premium without settling for limited coverage. By comparing, you determine what's important and where to buy your commercial vehicle insurance. Of course, you want the best coverage for your commercial vehicle insurance.

Insuring a company car is often complicated, but it is not that complex. Insurers offer insurance forms that are basically the same for all of them.

What is commercial motor insurance?

Company car insurance is taken out for the car that you use for business purposes and that is registered in the company's records. Company car insurance is more expensive compared to private insurance, but you can keep the differences limited by comparing car insurance at Alpina.nl. Employees are also allowed to drive the vehicle. Is the car used only for commuting? In that case, company car insurance is not strictly necessary. Insuring the car privately is then an option.

When do you choose company car insurance?

In a privately insured car, you may drive business miles. You may offset the miles driven for tax purposes in your business records. But that story doesn't always hold true. For example, you may use your private car to drive to a trade show or a business meeting. For delivering meals and driving as a cab, you need company car insurance. If a car is part of the company's assets, you choose company car insurance. It does not matter whether it is a van or a passenger car, for example.

What does the company car insurance premium depend on?

The premium for the business car insurance has basically the same dependencies as the private policy. The number of claim-free years and the types of insurance determine to a large extent the premium for business car insurance. But there are more dependencies. Important is what the company car is used for. A van used to transport employees to a location carries less risk than a van used intensively on a daily basis by a plumber. The type of vehicle also plays a role.

Are the accessories included in the insurance?

With accessories, it is possible to divide between accessories already fitted at the factory and accessories additionally fitted to the car. A tow bar can be an accessory to be co-insured, but if it is already fitted as standard, it is part of the new value. For example, a van's special equipment for business use is a separately insurable accessory. In the commercial vehicle insurance you can include accessories as you choose. This way you can tailor the van insurance to your needs.

Opting for WA commercial motor insurance

You choose WA commercial vehicle insurance primarily for a commercial vehicle eight years old or older. Where the limit lies depends greatly on the value of the vehicle. A ten-year-old company car can still be worth a lot. The biggest disadvantage of third-party insurance is that damage to your own company car will not be paid for by the insurer. In case of damage you can possibly hold the other party liable, but that does not apply if you yourself are liable for the damage. Do you find this coverage too limited? Then choose one of the other two options for your business car insurance.

Opting for WA + limited casco commercial vehicle insurance

Naturally, the WA + limited hull insurance also offers coverage for damage caused to others. In addition, the own company car is also insured against a number of causes of damage listed in the policy conditions. This concerns the following coverages:

• Theft and damage due to attempted theft
• Lightning damage
• Collision with animals
• Hail damage
• Storm damage
• Window breakage
• Fire and explosion

You choose this form of insurance when third-party insurance is too limited and all-risk coverage is too costly relative to coverage. Especially for an older commercial vehicle, the most comprehensive insurance may be too costly. You're not going to pay a €1,000 premium if the company car is only worth €2,000.

Opting for all-risk business insurance

This insurance offers the coverage in the WA + limited casco plus additional coverage, such as

• Collision damage to own car
• Damage to the company car due to a slippery road surface
• Immersion of the vehicle
• Damage by vandalism

You choose the all risk commercial vehicle insurance for a new commercial vehicle until the car is about three or four years old. This is an indication. You can also keep the company car all risk insurance for a six-year-old company car. It is a matter of weighing the coverage against the premium. As the vehicle ages, the daily value drops. As a result, it makes less and less sense to keep the company car extensively insured.

Do you also need supplementary insurances?

In addition to the insurance policies mentioned above, you can also choose a number of additional policies. Especially accident passenger insurance and damage passenger insurance are frequently chosen additional insurances. Also consider personal transport insurance. This provides coverage in case of theft from the company car. This could include tools or goods being transported to customers.

Want to know what the premium is for a company car? Then calculate the premium online.