Van insurance is a must to ensure that your vehicle can be driven legally on the road. The cost of van insurance is dependent on a variety of factors, from the make and model to whether or not you’ve had an accident in the last year. But there are a variety of ways that could help to save you money on your van insurance, so we’ve put together five that may help to bring your premium down.
Buy a Van that is Fit for Purpose
When buying a van, make sure the vehicle is fit for purpose. For example, if you’re not going to be carrying too much around with you, you don’t need to buy a transit. Smaller vans cost less to insure, so buying one to suit your needs can save you money. Also, it’s worth thinking about the size of the engine and the wheelbase, as the larger the engine and longer the wheelbase model is, the higher your insurance premium is likely to be. You’ll also save money on running costs with a smaller van, so it’s worth considering for that reason too.
Improve the Security of Your Van
Although you should always weigh up whether the outlay of adding security features to your van will be lower than the amount of money you could save on your insurance premium, it’s definitely something worth looking into. Some insurers will acknowledge extra security features such as alarms and immobilisers and reduce your premium accordingly, so there is potential to save money by having them installed. Another idea is to have a tracker fitted; that way it’s easier to recover and return your van in the unfortunate event of it being stolen. Parking your van in a secure location overnight, such as a secure car park or garage could also reduce your premium.
Consider a Voluntary Excess
Most van insurance policies will have a compulsory excess, but there’s also the option of taking a voluntary excess in addition to the compulsory excess amount. This can often reduce the price of your van insurance, but be aware that should you make a claim you may have a larger amount to pay.
Consider Who is Included on the Policy
If you opt for an ‘any driver’ policy, your premium is likely to be relatively high, so it’s always worth considering who will be driving your van. Drivers who have been refused insurance in the past will be harder to insure cheaply, and younger drivers will be thought of as higher risk, therefore pushing up the price of the policy.
Use a Van Insurance Comparison Website
Shopping around for van insurance can save you money, and using our quote engine is a great way to do so. We compare a panel of 40 leading insurers to ensure you get the best deal from the comfort of your own home. You can always call us and see if we can improve the quote too once you have a reference number. Get a van insurance quote today.