Courier drivers across the country face a similar challenge when it comes to their insurance. What is courier insurance? Which type do you need? Is 30-day or annual insurance better, and what’s the difference?
Luckily, this guide is here to help answer those questions and give you the info you need to choose a policy that suits your way of working.
At a glance: 30-day vs annual policies
|
Feature |
30-Day policy |
Annual Policy |
|
Commitment |
Low (month-to-month) |
High (12-month contract) |
|
Flexibility |
Highest (Start/stop coverage easily) |
Low (Fixed term) |
|
Cost |
Higher monthly cost |
Lower monthly cost, or pay in full and save even more |
|
Ideal for |
New courier drivers, part-time work, testing the waters |
Full-time drivers or those delivering for longer periods |
A quick look at 30-day courier policies
30-day insurance policies, or temporary courier insurance, are designed for courier drivers who want more flexibility from their insurance.
You could be a new delivery driver, bridging a gap between jobs, or just wanting to make some extra money on the side during busy seasonal times like Christmas. A 30-day policy is ideal for this sort of short-term work, as there’s low commitment, and you can either pause or stop the coverage on a month-by-month basis.
There are no long-term financial commitments either. However, you could end up paying more than an annual customer whose price is locked in for a year, as insurance prices can fluctuate month by month. But, if you don’t intend to deliver for the long haul, monthly insurance could be a good option.
A quick look at annual courier policies
An annual courier policy is designed for drivers looking for better value and stability in their insurance.
This policy type is designed for delivery drivers spending more time in their vehicle making deliveries than a part-time courier. With an annual policy, you won’t experience any gaps in coverage month-by-month, and you only need to remember to renew at the end of your policy.
Annual drivers also benefit from loyalty discounts when they renew, provided they haven’t made a claim during the length of their policy. Plus, an annual policy allows for one insurance price, which can then be spread over the course of monthly instalments, providing more certainty for the cost-savvy driver.
You can learn more about our premium finance option with our guide to spreading the cost of your insurance.
The choice is up to you
Ultimately, you need to decide which policy type best suits your needs.
- If you need more flexibility and you’re unsure of your hours, a 30-day courier policy could be more suitable.
- If you’re full-time, established, and need the best value, an annual courier policy could be best for you.
Whatever your choice, INSHUR makes getting courier insurance simple.
Tap the option that best suits your needs and get your free, no-obligation quote now.
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