How to get in­sur­ance for young driv­ers

Central and North Burnett Times - - ADVERTISIN­G FEATURE - Mark Brown TBI Trans­port and Busi­ness In­sur­ance man­ager

HOW many times have we all heard or won­dered this?

We have been asked this ques­tion many times and the an­swer to the ques­tion is the same ev­ery time.

They can. Ba­si­cally there are three com­po­nents to hav­ing a young truck driver ap­proved by an in­surer.

If you fol­low these three steps and, as long as the young driver has a good driv­ing his­tory and is fully li­censed, you should have a bit more suc­cess.

Al­ways have the new driver pro­vide you with ev­i­dence that they do ac­tu­ally have the ap­pro­pri­ate li­cence for the ve­hi­cle they will be driv­ing, along with an up-to-date print­out of their driv­ing his­tory and points ac­cu­mu­la­tion from the rel­e­vant roads and traf­fic author­ity of the li­cence is­suer’s state.

It will also be to your ben­e­fit to re­quest these from your driv­ers on a reg­u­lar ba­sis be­cause it is very easy to run out of points without know­ing and, as we all should know, no li­cence means no in­sur­ance.

Be­fore you al­low any­one to drive your ve­hi­cle, ask your bro­ker whether it is a re­quire­ment un­der your pol­icy to ad­vise the in­surer of any new driver.

If it is, ask the bro­ker to ap­proach your in­surer and ask for their ac­cep­tance of the driver.

You will find that some in­sur­ers will de­cline young/in­ex­pe­ri­enced driv­ers and some in­sur­ers may ap­prove them with re­stric­tions on what they can do and where they can go.

Then there may be some in­sur­ers that au­to­mat­i­cally ac­cept younger in­ex­pe­ri­enced driv­ers un­der their pol­icy with a com­bi­na­tion of ad­di­tional ex­cesses.

Be re­al­is­tic. Just like you, in­sur­ers also be­lieve more younger op­er­a­tors need to be brought into the in­dus­try but please keep in mind that if the young driver makes a mis­take and writes your truck off, it may cost you a cou­ple of thou­sand dol­lars in ex­cesses.

But your in­sur­ance com­pany may have to fork out hun­dreds of thou­sands of dol­lars, not only to you but any other third party that may have been in­volved.

The young will make mis­takes, we all make mis­takes, it is part of the learn­ing process.

Un­til such time as “road craft” and “de­fen­sive driv­ing” etc are made to be a manda­tory re­quire­ment be­fore a li­cence is is­sued it should re­main the right of the in­sur­ers to de­ter­mine who they (the in­sur­ers) are pre­pared to take on as a fi­nan­cial risk.


GOOD TO GO: Be up­front and young truck driv­ers can be in­sured.

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