5 Ways to reduce the cost of wedding car insurance

As traditional insurance brokers, we are committed to transparency regarding our pricing and customer service. To help you save, we are revealing some of the key factors considered when calculating the price of our wedding car insurance policies.

Mileage of vehicle

We offer individual vehicle mileage restrictions or group restrictions covering a number of cars. Naturally, the more mileage you drive, the greater the risk resulting in an increased premium. Checking a vehicle’s MOT history online is a handy way to keep track of your mileage. Cross-referencing this with your business records will give you a solid foundation to forecast your mileage at renewal.

If you’re a new wedding car business, consider how your vehicles will be used. If they are soley used for weddings, a policy with 3,000 miles per annum will give you approximately 60 miles per week for 50 weeks of the year.

If at renewal, you didn’t reach your mileage restriction, consider reducing it, providing you expect to use the same amount of mileage for the forthcoming year. If you are reaching your limit, contact your insurance account manager to increase your annual limit. It is important to do this before you exceed any policy limit.

Multi car discounts

The more cars on this type of policy, the larger the multi car discounts. This applies to ALL vehicles in a fleet. If your vehicles are insured separately, we can bring them together so that you maximise your multi vehicle discount and create a common renewal date.

Driver due-diligence

Performing thorough due-diligence on all drivers allowed to drive your vehicles is desirable from an an insurance broker's perspective. Providing us with evidential information about your drivers allows us to accurately calculate risk, which influences your overall premium.

You can perform free DVLA licence checks if you have a licence and national insurance number to ensure your drivers are conviction-free.

Car storage

Review the storage of your cars and how they are protected. For example, consider storing your vehicle in a locked garage rather than on a driveway.

Valuation & Classic Cars

The value of your car can also impact the premium cost. For example, modern wedding cars are likely to depreciate each year. This can reduce your premium so regularly check the value of your vehicles to ensure you are only paying the premium based on the current vehicle values.

Classic vehicles are generally cheaper to insure than modern vehicles. Consider this when choosing your next purchase; clearly, your business needs to come first. In many cases, classic vehicles are appreciating assets. Whilst running costs can be higher, they may increase in value over the years’ progress.

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