Auto Insurance Haven: Peace Of Mind On The Road

Auto insurance is a necessity for car owners. It offers financial protection in the event of an accident or damage to the vehicle, saving you from paying out of pocket for repairs or medical bills. When buying a new car, it's essential to consider insurance needs and purchase a plan before driving off the lot. Most dealerships require proof of insurance, and driving without it is illegal in most states. You can get a policy by providing basic information about yourself and your vehicle, and shopping around for the best rates ensures you get the coverage you need at a price you can afford.

Haven's Private Car product

Haven is a specialist home and motor insurance company, providing flexible, specialist cover for a range of insurance products. Haven's Private Car product is designed for policyholders who may experience difficulty obtaining cheap car insurance cover elsewhere. The insurer offers a range of options, including telematics, impound recovery and short-term policies.

Haven was established in 2002 and was one of the first UK motor insurers in Gibraltar. The company is authorised and regulated by the Gibraltar Financial Services Commission and operates under European legislation concerning the regulation of insurance companies and provision of services in the EU. Haven is also a member and supporter of the UK's Financial Ombudsman Service (FOS) and the Motor Insurance Bureau (MIB), the Association of British Insurers (ABI), and the Financial Services Compensation Scheme.

Haven currently insures more than 97,000 policyholders and has a solvency cover ratio in excess of 150%. In 2018, the company paid out over £81 million in claims.

Haven provides both short-term and annual insurance policies, which are designed to meet a wide range of insurance requirements. The company offers a range of add-on products, such as breakdown cover, legal expenses cover, and personal accident cover.

In addition to their Private Car product, Haven also offers taxi policies, motor trade road risk cover, motor fleet insurance, and commercial vehicle policies. The company can also provide cover for learner drivers, either on their own vehicle or that of a family member, while they are in the process of obtaining a full licence.

Haven's claims team is available 24 hours a day, 7 days a week, to assist customers with any issues or queries they may have. The team can help with vehicle repairs through their managed repair network, provide a network of solicitors to help recover uninsured losses in non-fault accidents, and offer replacement hire vehicles, subject to availability.

Overall, Haven's Private Car product offers a comprehensive range of options for policyholders, with the flexibility to cater to those who may have difficulty obtaining insurance elsewhere. The company's commitment to providing specialist products and solutions, combined with their strong financial standing and wide range of coverage options, makes them a reliable choice for car insurance.

Taxi policies

Haven Insurance provides a range of specialist motor insurance policies, including for taxis. They have been in operation since 2002 and are based in Gibraltar, making them one of the few motor insurance firms with their main office outside of the UK. Their policies comply with both UK and EU Solvency II standards.

Haven offers seven different categories of policies, one of which is dedicated to taxis. This includes cover for both private hire and public taxis, with the option of annual or temporary policies. Their taxi insurance is aimed at private and public hire drivers, and they also offer taxi fleet insurance, as well as commercial and credit hire insurance.

The taxi insurance policy covers claims by third parties if Haven determines the policyholder is at fault for an incident. This includes cover for third-party vehicles or property up to £20 million, as well as compensation for death or injury with no upper limit. It also includes medical expenses for passengers, up to £100 each with a maximum of £400 per incident. The policy also covers loss of or damage to the vehicle caused by fire, lightning, explosion, theft or attempted theft.

In addition to their taxi policies, Haven also offers motor trade road risk cover, fleet policies, commercial vehicle policies, learner driver policies, and household cover. They provide both short-term and annual insurance policies, catering to a wide range of requirements and often providing cover for those who struggle to obtain insurance elsewhere.

Motor trade road risks

Motor trade road risk insurance is a legal requirement for anyone driving vehicles in the motor trade. This includes sole traders, dealers, garages, and mobile mechanics. This type of insurance allows you to drive vehicles that you don't own for professional purposes. For example, you might be moving a vehicle you bought from an auction house to your home.

Motor trade road risk insurance can cover customer vehicles left in your care, custody, and control, such as a car left at a garage for servicing. It also covers vehicles 'in the trade', like a car purchased at auction for selling. In some cases, you can also insure a commercial vehicle under your motor trade policy if it is used for motor trade purposes, such as a van for a builder who also works as a motor trader.

It is important to note that motor trade road risk insurance does not cover vehicles that you personally own and use, unless specified. It also does not cover vehicles necessary to run your business, such as a mobile van for repairs. Additionally, public or employers' liability insurance is typically not included but can be added depending on the nature of your business.

There are different levels of cover available for motor trade road risk insurance:

• Third-party only: Covers injury or damage to third-party property or people but does not protect the driven vehicle.
• Third-party, fire, and theft: Includes third-party cover and protects the vehicle in your possession in case of theft or fire.
• Comprehensive: Offers the highest level of protection by covering the vehicle being driven.

When choosing a motor trade road risk insurance policy, it is important to carefully review the specific coverages and exclusions to ensure that your business needs are met.

Motor Fleet product

Haven is a specialist home and motor insurer, providing insurance products and solutions to customers who may struggle to find what they need with other insurers. Haven offers both short-term and annual car insurance policies, as well as a range of add-on products, such as breakdown cover, legal expenses cover, and personal accident cover.

Haven's Motor Fleet product is designed for various commercial fleet risks, including Taxi, Credit Hire, and Courier fleets. It provides flexible, specialist cover for small, personal line policies to large fleets. Their specialised underwriting team can offer cover for risks that may be difficult to obtain elsewhere.

The Motor Fleet product is part of Haven's range of flexible, specialist insurance products, which also includes Private Car, Taxi, Motor Trade, and Commercial Vehicle policies. Haven's Private Car product, for example, is aimed at policyholders who may find it difficult to obtain cheap car insurance elsewhere. It offers a range of options, including telematics, impound recovery, and short-term policies.

Haven's Taxi policies provide flexible cover for both public and private hire, available on an annual or short-term basis. Their Motor Trade product covers various Motor Trade road risks, accommodating a wide range of motor trader requirements. Finally, their Commercial Vehicle policy covers a variety of commercial vehicle types and uses, with several options to choose from.

Haven was established in 2002 and is an independent, privately-owned insurance company. They currently insure over 97,000 policyholders, offering both short-term and annual cover. The company is authorised and regulated by the Gibraltar Financial Services Commission and operates under European legislation for insurance companies.

Commercial vehicle policy

Commercial vehicle insurance is a type of insurance policy that covers vehicles used for business purposes, including cars, trucks, and vans. It is designed for vehicles used by or for a business and can include vehicles bought for a business as well as personal vehicles used for business.

Commercial auto insurance is important because it protects businesses from financial losses due to accidents, liability claims, or vehicle damage. It also minimises operational disruptions by covering repair costs, medical expenses, and legal fees, thereby safeguarding assets and business reputation.

Commercial vehicle insurance covers:

• Damage to your vehicle(s)
• Injury to someone else
• Damage to someone else's property
• Underinsured motorists
• Rental reimbursement
• Legal fees, medical bills, and more

Commercial auto policies usually offer higher coverage limits than personal policies as business vehicles require greater protection in the event of accidents.

Commercial car insurance covers a variety of vehicles, including:

• Delivery trucks
• Work vans
• Dump trucks
• Food trucks
• Company cars
• Box trucks
• Forklifts or other construction vehicles
• Service utility trucks

If you have vehicles titled to your business that you or your employees drive, you will need commercial auto insurance. This is required by law in almost every state. Even if you drive a car for work that is not titled to your business, you will still need to get commercial auto coverage as your personal auto insurance usually won't provide coverage for business use.

Commercial auto insurance costs vary depending on your insurance history, the number of vehicles, vehicle type, and usage. The average cost is $147 per month or $1,762 per year, according to Insureon. Progressive Commercial's national median monthly cost for commercial auto insurance in 2023 ranged from $207 for contractors to $211 for business auto customers.

Frequently asked questions