In a bid to reduce their carbon emissions, many companies are turning to gas powered fleets HGVs. Innovate UK is even funding trials for these low emission vehicles as part of the Low Emission Freight and Logistics Project. Some of the big fleet operators to take part include ASDA. Great Bear, Brit European and Howard Tenens. However, what does this energy source mean for insurance and what is gas powered fleets HGVs insurance?
Understanding gas powered fleets HGVs insurance
Regardless of how many vehicles you have in your fleet and what fuel or power they use, they all need vehicle insurance. Of course, each vehicle having its own insurance can be a nightmare for fleet managers. This is why fleet insurance is ideal as it covers all of your vehicles in one policy.
All insurers will have a different number of vehicles to class the insurance as a fleet. Often there is a minimum number of two vehicles for fleet insurance. However, the maximum number could stretch into the thousands.
The benefit of having gas powered fleets HGVs is that the vehicles have lower CO2 emissions. Furthermore, the gas powered fleets HGVs tend to have lower power. This makes the vehicles safer in the eyes of the insurer. As a result, the insurance premiums tend to be much cheaper.
The benefits of gas powered fleets HGVs insurance
- The vehicles have less power which means they are safer to drive which lowers premiums
- Gas powered fleets HGVs insurance makes it easier to manage your whole fleet
- You are doing your bit for the environment and reducing your carbon footprint
- Furthermore, you could save money through insurance and fuel costs.
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