Insurance rates fall
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B Hauliers should be cashing in on lower premiums for their vehicles following admissions from the truck insurance industry that insurance rates are falling at last. Insurance companies say the trend should continue until next year.
Already some insurance companies are offering new schemes giving discounts of around 10% for low-risk hauliers.
The news follows around two years of soaring premiums as insurance companies blamed increasing theft for rate rises. Some operators had complained of rates even doubling.
"It's good news for the consumer," according to George Higginson, deputy chairman of the Lloyds of London Motor Underwriters Association. Higginson believes rates will continue to fall for at least the rest of this year "until the losses start coming in again".