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Van insurance gives you financial protection on the roads. It can help you cover the cost of repair or replacement if your van is damaged in an accident. To stay on the right side of the law, you’ll need a minimum of third-party Van insurance to drive on UK public roads.
Van insurance can also be tailored to how you use your van. Commercial Van insurance, modified van insurance and temporary policies are available.
Compare from up to 60 Van insurance providers and you could save time and money.
Vans used for commercial purposes can benefit from business van insurance. This provides cover for travelling to a single place of work and can protect any tools and equipment needed for your job. You’ll also have the option to insure any driver on the van, or to insure multiple vans on one policy.
This covers commercial vans where carrying and transporting goods are the main focus of the business.
Couriers and food delivery vans will need haulage insurance as they carry goods for hire or reward. It also typically includes day to day driving and commuting to a permanent place of work.
This is also known as private van insurance and covers vans for socialising, pleasure and domestic use. This is useful if your van is a secondary vehicle that is not needed for commuting or business purposes. It usually focuses on insuring one driver, but you can add additional drivers to the policy too.
This covers day-to-day driving, as well as travelling to a place of work. It can give you the flexibility you need to use your van as a primary vehicle. Despite common belief, commuting is not always covered as standard. So it’s important to make sure your insurer is aware of this class of use.
The Seopa Ltd data shows the average quoted price of Van insurance in the UK is £1129. This average cost considers all age groups and coverage levels. However, the cost of insurance can look very different depending on your circumstances. For example, when we look at the average cost for young drivers under 25, premiums jump to £3135
Drivers under 20 are 33% more likely to be fatally wounded in an accident. So young drivers often pay more for van insurance. If older drivers have a good no-claims history they could get cheaper quotes with a no-claims bonus.
Jobs that require more time on the road can increase your insurance premium. Having a higher annual mileage and driving at peak times could mean you are at more risk of being involved in an accident.
The rate of road accidents, congestion and crime rates in your area all affect the risk to your Van. This could be balanced out by parking on a driveway or in a garage. Secure parking can protect your Van from opportunist thieves and damage from passing traffic on public roads.
Convicted Van drivers or drivers with a track record of risky driving, penalty points and fines will be a greater risk to insure.Our research shows that three penalty points can increase your insurance premium by 5% and six points can increase it by 25%.
A history of insurance claims could indicate that you are a risky driver, and more likely to claim in the future. Completing an advanced driving course could offset this and earn discounts with some insurers.
Some medical conditions increase your chances of being involved in an accident and will be reflected in the cost of your policy. More serious conditions need to be declared to the DVLA. But you should also keep an eye on medications and more subtle conditions like hay fever that can affect your driving.
Seopa policy data reveals that over three million UK drivers could benefit from no-claims discounts. In some cases, a well-established no-claims history could save you up to 60% or 70% on insurance premiums.
Like car insurance , you will have three main types of coverage to choose from when insuring your van. Each level of coverage gives financial support for different circumstances.
Third-party Van insurance is often assumed to be the cheapest option, but this is rarely the case. Some comprehensive van insurance policies can now cost 60% less than third-party only options.
This is the minimum level of cover required under UK road laws . It only covers damage or harm to other people, their property and vehicles.
This level of cover also protects third parties. But it will cover your own Van if it is stolen or destroyed in a fire.
Fully comprehensive cover protects third parties, their vehicle and property and also offers financial cover for your van. This means you can get back on the road without delays or financial strain if your van is damaged or written off as a total loss
51% of consumers could save £671 on their Van Insurance. The saving was calculated by comparing the cheapest price found with the average of the next four cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from August 2024. The savings you could achieve are dependent on your individual circumstance.
Artemis Firm Ltd is a Introducer appointed representative of Seopa Ltd 313860, authorised and regulated by the Financial Conduct Authority
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