With Tips and Tricks On How To Reduce Your Costs!!
Unfortunately (or fortunately for us) everyone in
the UK who owns a van or commercial vehicle must
have insurance, and to someone who is fairly
inexperienced to motor insurance the task of finding
the most appropriate policy can be daunting.
How To Obtain Van Insurance
There are more and more ways of obtaining motor
insurance, through an insurance broker, directly
with an insurance company, through online comparison
sites, even through a supermarket, but which is the
best way to obtain insurance?
By going directly to an insurance company like
Aviva Insurance or Direct Line for example,
they say they can reduce costs by cutting out the
the middleman, this may be so, but they can only
ever quote themselves and in most instances they are
not going to be the cheapest option anyway.
Comparison or aggregator sites work in a similar way
to insurance brokers in the fact that they compare
quotes through a panel of insurance companies.
That's about where the similarities end. With
comparison sites you are responsible that the
information you input is correct. The sites check
for the cheapest policies, but the cheapest policies
are often inadequate or have various restrictions or
clauses like much higher excesses for young drivers,
maybe no courtesy car or legal cover, limited
mileage restrictions, or no European cover,
these sites will not tell you about these clauses,
it is basically down to you to ensure the policy is
adequate, most times you wont know about these
restrictions until you come to make a claim and
suddenly you're not paid out.
Insurance brokers will search a large panel of
selected insurance companies and although they will
look to find the cheapest policy for you, they will
explain any restrictions a policy may have like full
policy excesses etc or clauses to ensure you are
aware of them and that the policy quoted is right
for your needs as a motorist. If you have any
problems or need to make a claim you can speak to
someone in the UK and a broker will be able to
provide you with advice on mid-term changes or
claims. At the renewal time they will also
automatically search the market again for you to
ensure your current insurers are still the most
suitable option for you. A direct company or
aggregator site will not provide this level of
advise, use a broker!!!
The Right Level Of Cover
Basically speaking there are 3 levels of cover you
can choose from.
Third Party Only. This is the basic
minimum level of cover you can have for van
insurance. In the event of an accident this
policy will pay for any damage to someone else's
property, or injuries to others, including
passengers. You will have no cover for damage
caused to your own van, although if you are in
the right in the accident this damage can
normally be recovered from the third parties
This Party Fire & Theft. This is the same
as third party only cover, but includes cover
for theft of your car or if the van is damaged
Comprehensive. Also know as 'fully
comprehensive or 'fully comp' this cover will
provide the same cover as per third party fire &
theft and will also pay for any damage caused to
your own van irrespective of whom was to blame.
This cover will also include cover for
windscreen or window damage and also damage to
personal effects in the van (to a set limit),
excluding business items. A hire vehicle can
often be given to you as well whilst your
vehicle is being repaired.
rough rule of thumb is to insure a vehicle of £ 500
or less just Third party only, between £ 500 - £
1,500 either third party only or Third party fire &
theft, and over £ 1,500 either Third party fire &
theft or Comprehensive.
We would say if you would struggle to replace a car
of similar condition if you went out, hit a hedge
and wrote the car off, then insure it
If you are using your van or commercial vehicle for
a business, you must make sure the policy includes
business use, and not just social, domestic &
pleasure use as this would be inadequate for a
business van. However if you are retired or a
housewife then make sure your policy excludes the
business use as you wont require it. Having a van
which is used for S,D&P use though can put the cost
up as insurers don't like insuring vans which aren't
used for business.
You're better off getting a quotation on all 3
covers as quite often third party fire & theft cover
is cheaper than third party only as there are more
insurance companies doing this cover and sometimes
comprehensive can work out cheaper than third party
fire & theft as certain discounts like age of
vehicle, age of driver etc can reduce the
premium. Just ask!!
For a cheap van
insurance quote online, click the button below.
Why Does Van Insurance Cost
These are some of the things which an insurance
company will take in to account when working out the
price of your van insurance and why some people are
more expensive than others.
Age. Young drivers and learner drivers
are less experienced and are therefore
considered more likely to be involved in an
accident. Discounts will be given the older you
get, but once you get to around 70+ your
discounts will start to decrease. As you get
older your reactions often start to slow and
stats show an increase in accidents arises in
this age group.
Security. If the vehicle has a standard
alarm or immobiliser, insurance companies will
not normally give a discount for this as it's
normally included within the group of the car.
If it has an aftermarket 'Thatcham' approved
system then additional discounts can often be
given. If the vehicle is kept in a locked
garage or even off road then additional
discounts can given.
You Live. Being based in Cornwall we have
one of the lowest rated areas in the country
because of the low traffic density and lower
theft risk. Larger cities are more expensive
because the likeliness of having an accident is
greater and normally a higher crime rate. Move
out to the country to reduce your premium.
Your History. If you have been involved in
an accident or made a previous claim, fault or
non fault, your insurers must know, stats show
persons who have an accident are more likely to
be involved in another one within 3 years.
Motoring convictions will also increase your
premium, even just one speeding conviction, so
Vans & Commercial Vehicles. There are
currently a lot less van insurers than there are
for cars. Car insurance is much more
competitive as there are more cars than vans on
the road, so there is more space for more
insurers to take a share of the market.
Vans are also used at more unsociable times,
they tend not to be driven as carefully as
private cars, and they have a large rate of
being broken in to. Having said this the
claims rate is no higher than on private cars.
To find the best
online van insurance quote, click the button below.