Advice
7 Tips For Cheaper Van Insurance
Have you recently discovered the insurance premium for your van has risen? You will no doubt be looking for ways in which to reduce the costs of your van insurance. In this article, we will look at some top tips to help you get the cost down.
Words by: Auto Trader
Additional words by: Tom Roberts
Last updated on 2 May 2024 | 0 min read
1. Avoid auto-renew quotes
Set a reminder for when your van insurance is due to be renewed.
Inform your insurance company that you will not be automatically renewing your van insurance policy. This will give you the opportunity to find a lower quote on a price comparison website. Once you have these quotes you can always ask your existing provider if they would match your new quote.
Inform your insurance company that you will not be automatically renewing your van insurance policy. This will give you the opportunity to find a lower quote on a price comparison website. Once you have these quotes you can always ask your existing provider if they would match your new quote.
2. Shop around
Thanks to comparison websites, it has never been easier to shop around for van insurance.
All you need to do is log-on to a price comparison website like MoneySuperMarket and fill in information about yourself and your vehicle. The site will provide you with a sizable list of insurance companies and their quotes. You will also get access to information on interest rates and the excess you would be charged if you make a claim. Make sure you are getting the right level of coverage for your needs, and that you are happy with any excesses you would need to pay in the event of a claim.
All you need to do is log-on to a price comparison website like MoneySuperMarket and fill in information about yourself and your vehicle. The site will provide you with a sizable list of insurance companies and their quotes. You will also get access to information on interest rates and the excess you would be charged if you make a claim. Make sure you are getting the right level of coverage for your needs, and that you are happy with any excesses you would need to pay in the event of a claim.
3. Keep your van secure
A sure-fire method of reducing your insurance premiums is to improve your van’s security.
You could do this by: - Installing a van alarm. - Installing a tracking system. - And/or installing an immobiliser. Having a secure place to park your van overnight can also have impact on how much you will be charged.
You could do this by: - Installing a van alarm. - Installing a tracking system. - And/or installing an immobiliser. Having a secure place to park your van overnight can also have impact on how much you will be charged.
4. Include your work tools on your policy
It makes sense to insure the contents of the van as well as the vehicle itself.
If you can add contents insurance to your vehicle insurance with the same provider, you may get you a discount.
If you can add contents insurance to your vehicle insurance with the same provider, you may get you a discount.
5. Don’t add too many people to the policy
If you want to add a young person to your insurance policy, this will cost you more. This is because insurance companies often perceive young drivers to pose a greater risk.
This will also be the case for anyone who has points on their licence. Only add people to your policy who really need to drive your van.
This will also be the case for anyone who has points on their licence. Only add people to your policy who really need to drive your van.
6. Downsize your van
If you are in the market for a new vehicle, it is well worth considering downsizing to a smaller one.
If your van is half-empty most of the time, downsizing could save you money on running costs and lower your insurance premium.
If your van is half-empty most of the time, downsizing could save you money on running costs and lower your insurance premium.
7. Honesty is key
Make sure you are honest in your dealings with the insurer.
Stating your van is stored overnight in a secure garage when it is parked on the road, could come back to haunt you. Insurance companies base the quote they give you on the information you provide. They may refuse to pay out if they discover you have given them false information. We hope this guide has helped calm any insurance worries you may have had. You can read more about van insurance in our ‘van insurance explained’ article here or find out more about ‘will my van insurance cover my tools’ here.
Stating your van is stored overnight in a secure garage when it is parked on the road, could come back to haunt you. Insurance companies base the quote they give you on the information you provide. They may refuse to pay out if they discover you have given them false information. We hope this guide has helped calm any insurance worries you may have had. You can read more about van insurance in our ‘van insurance explained’ article here or find out more about ‘will my van insurance cover my tools’ here.