For those who don’t know, lgv insurance stands for Large Goods Vehicle Insurance which is exactly the same as hgv insurance and Heavy Goods Vehicle Insurance. Due to European convergence the United Kingdom has taken on LGV to describe this area of insurance cover. Every vehicle on the road or public highway requires insurance to match its type and LGV insurance primarily covers large vehicles above 7.5 tonnes in weight but can also be over 3.5 tonnes.

LGV insurance is required by law if your vehicle falls into this category and you must have the driver qualifications and experience to go with it. There are specialist LGV insurance or HGV insurance policies available for drivers under the age of 25 and those who haven’t held a driving licence for more than two years but you will have to go to a specialist LGV insurance broker and enquire within and state your exact situation.

LGV Insurance Essentials

There are several points to ensure you take note of when insuring your large goods vehicles and many different ways to save on the cost of monthly or annual premiums and get the better and cheapest LGV insurance deal that you can.

Third party is as standard and will serve to protect your interests should you be in an accident, third party fire and theft is the next step up and will cover you in the event your vehicle is stolen or involved in a fire. A fully comp (comprehensive) LGV insurance policy will cover fire and theft, breakdown and contents insurance should it be required, as a lot of time is spent in the cab of a truck it is probably wise to insure contents contained within the vehicle.

Managing premiums and level of excess, insuring more than one vehicle if operating a fleet, taking out bundled contents, driver and liability insurance all in one go can help to bring down the cost of taking on a policy and may get you a cheaper LGV insurance policy.