Courier Insurance Cost in 2021

Protect your courier services today. Get multiple quotes

  • Fast food delivery insurance
  • Flexibile payment options
  • Courier documentation instantly available online
  • Pay-as-you-go insurance
  • Monthly courier insurance
  • Multiple quotes from specialist brokers

Cheap Courier Insurance for Vans, Cars and Bikes

If you are insured to drive a car, you will have a policy called Social, Domestic & Pleasure insurance, or SD&P. This standard policy protects you for everyday driving, for example, driving to work or the shops. However, it does not provide cover for courier goods. Working as a courier full time or part-time puts you in a higher risk category. As this type of work normally puts you under pressure to delivery quickly and within a certain time frame. This extra pressure can and does lead to additional accidents compared to social driving.   Compare Courier Insurance makes it easy for you to get cheap courier insurance quotes online.

What you need is termed hire and reward van insurance, it is more expensive than a standard car policy, but you are higher risk. If you only work part time you can avail of a pay as you use type policy.

Courier insurance is an important component of any type of carrier business.  If the goods that you transport can be easily sold on the black market or are valuable then you will need protection against theft.  Every courier business needs a good level of cover in place to protect against the loss or damage to goods that they are couriering.

Because of the inherent risks, policies for courier insurance can be expensive. To find the best deal it will pay to compare what options are currently available in the marketplace.  One approach is to get multiple quotes, compare what is included and not included and the price.

Flexible Payment options Available

  • Pay monthly with direct debit or bank transfer
  • Pay quarterly
  • Pay a one off annual payment

3 Levels of courier cover available

  • Comprehensive
  • Third party plus Fire & Theft.
  • Third party only. Covers you for any damage made to the property of a third party including or any injuries that may result.

What is the difference if any between haulage and courier cover

Both have similarities, but they are also different. Both have one common feature: they both include cover for ‘ carriage of goods  for hire and reward'. A premium is derived based on risk to the broker of having to pay out and the average payout amount. As risk can be greater for haulage, the underwriters differentiate these 2 modes of carriage as different and policies are constructed to reflect the difference.

compare courier insurance
  • The key difference is that haulage is associated with the movement of a consignment from A to B, the consignment most often is white goods or dry goods, but can also be livestock.
  • Couriers tend to provide a delivery service of various items and one journey typically will involve many drop-offs or deliveries at different locations.
  • Couriers tend to use faster and cheaper delivery modes that include cars, vans, motorcycles or push-bikes.
  • As haulier usually equates to the bulk movement of goods, hauliers will most likely be using  heavy good vehicles in contrast to small vans typical of a courier service

In summary, if you are being paid for the delivery of other people's goods on a multi drop basis, then you should purchase insurance for couriers. The converse is true of haulage cover, which will involve moving bulk goods from origin to destination. Multi drop is normally accepted to be 3 or more different drop locations per day. If delivering by car look at car courier insurance if using a van then you will then need hire and reward van insurance.

What does courier insurance cost?

The cost of cover depends on multiple factors, some of which you do have control over. One of these is which insurance category the actual vehicle that you use falls into. As such the price for courier insurance will vary dependant upon the risk involved, but expect to pay GBP800 upwards to several thousand for courier fleet insurance. The best approach is to get multiple quotes and compare the options, make sure you are comparing like for like. 

The insurance categories normally range from 1 to 20, category 1 contains vehicles that are in general the cheapest to insure. The main factors that are used to determine which group are as follows:

  • The purchase price and the price of spare parts.
  • The size, the bigger, the more cargo that will need covered. 
  • The average costs to repair

Is monthly courier insurance available?

Taking out courier insurance for a month or on a pay as you insurance go basis is a relatively new product. This type of policy was pioneered by ZEGO who plans that match the requirements of the modern gig economy. This enables you to take out insurance on a pay as you go basis or on a 30-day basis. Initially the traditional insurance brokers were reluctant to provide this type of cover as they could not see how it could be profitable to them. However, the idea is that if you only need insurance for a short period of time, you will be less risk and should pay less than someone that will be on the road every day will be more risk and pay more.

Is Amazon flex delivery insurance available

If you are intending to be a self employed courier, working as a part time Amazon flex driver may be of interest. You will need to provide your own car, bike or van.  Amazon flex insurance requirements can be a little confusing, for full details we have complied an Amazon flex insurance guide.

How to reduce your courier insurance premium?

  • Vehicle Insurance Category : If you are just starting a new courier business, then pay attention to insurance vehicle categories, higher categories will attract a higher premium.
  • Drivers : Are you able to limit the policy to named drivers ? Can you limit drivers to over 25 ? Can you limit drivers to ones with a good history of no claims (NCB) ? Doing any of these will reduce your risk and subsequent insurance premium quotes.
  • Security: Can you provide safe and secure parking? Can you add additional insurance industry approved security devices? Unfortunately, if your business is in a built city area you will pay a higher premium, as you are under a higher risk of theft or accident.
  • Excess: This is the amount that you are responsible for in the event of a claim. Some brokers will let you increase this amount and in return lower your premiums. If you do take this route, set aside the excess amount so that it does not impact your daily business.
  • Compare : Shop around by comparing all the options that are currently available on the marketplace. It is important to also compare when it is time to renew.   It may be possible to get cheaper insurance from a new provider that is offering a new customer discount.

GIT : Cover for the goods in haulage

In addition to the courier insurance for your mode of transport, you will also require cover for goods in transit and public liability. GIT will protect your merchandise whilst in transit, some level of GIT cover may be already included in your courier policy, but it most likely not be sufficient. Make it clear to the broker the types of service or services that you intend to provide. We offer a wide range of courier insurance products, with food delivery insurance being the most popular with the new gig community.

What is Courier Insurance?

A standard car insurance policy does not provide cover if you use your vehicle for hire and reward. Hire and reward simply means being rewarded for transporting goods. In this scenario, you will need additional cover that will protect both you and the goods that you are transporting. Hire and reward van insurance is the most common type of policy, but is also available if you are using your car or even motorbike.

How much does courier insurance cost on average?

If you are considering entering the hire and reward service sector, either part time or full time, you are probably curious as to how much this type of insurance will cost. Whilst costs will vary and will be dependent on a number of factors, expect to be quoted from £750 to £1000 and over. The cost will be determined by your personal circumstances and in particular age, driving experience and claims history. The vehicle itself will also be a factor, with expensive vehicles attracting a higher premium. Another important factor to be the actual good that you intend to transport. Expensive goods attracting a higher premium.

What insurance do I need to deliver takeaways in the UK?

If you intend to use your car to deliver food, you will need additional cover referred to as hire and reward insurance. A standard car policy provides cover for Social, Domestic and Pleasure (SD&P), but you need additional cover in place as you are now being rewarded for using your form of transport to deliver food.

Can I Change the Vehicle Insured from a car to a van if my business grows?

Yes.  If you wish to change you need to  stop one policy and begin a new policy, the broker will do this in a way that will be seamless to you and your courier business.

Can I add Additional Drivers?

While there are generally no restrictions on the number of drivers you are allowed to have on a policy, be aware that most insurance companies will issue policies that place conditions on who can drive the vehicle. The premium cost is directly affected by not only the age, but the claim's history of any named drivers on the policy.

What is CMR Insurance?

This is a type of cover that allows hauliers and couriers to move goods within Europe. It is similar to goods in transit and can be added if and when needed.

Why Compare Courier Insurance

Finding the best deal on courier insurance involves comparing all the available options offering the specific cover that you require. Working in partnership with QuoteSearcher who provide quotes from a panel of UK insurance companies that will tailor the policy to your individual requirements. When you complete a simple form, your requirements are submitted to a specialist panel of brokers