How to get cheap van insurance quotes

3.5-Tonne-van-insurance

As far as we’re aware, everybody likes to save money whenever they can.

Whether that’s saving money on the weekly shop, the latest film or van insurance, it doesn’t matter, we’d all rather keep more money in our back pocket.

The difference between people is how far they’re willing to go to save that little bit more.

We’ve put together a straightforward guide on how you can get your hands on cheap van insurance quotes without resorting to extreme couponing or moving house.

17 tips to get cheap van insurance

  1. Compare van insurance

No surprises here but we think comparing as many different van insurance quotes as possible is one of the best ways to save money on your premium.

If you buy the first insurance quote you see, you won’t know if you’ve paid more than you needed to or not.

And while nobody is going to compare quotes from every single insurance broker before they buy a policy, it’s a good idea to compare as many different prices as possible.

That’s where websites like The Van Insurer step up because you can compare quotes from multiple insurers in one place.

  1. Type of Cover

There are three basic types of van insurance cover in the UK and they are Comprehensive, Third Party Fire and Theft and Third Party Only.

Traditionally, Comprehensive policies are the most expensive in the UK because they offer a higher level of cover and there is a higher level of risk involved for insurers.

At the bottom of the range is Third Party Only cover, traditionally the cheapest form of cover while Third Party Fire and Theft sits in the middle.

That’s not always the case but most of the time those rules apply, so if you don’t need Comprehensive insurance, don’t pay for it.

Pickup truck insurance

  1. No Claims Bonus (NCB)

A long NCB is ideal for anyone who wants to save money on their next van insurance policy.

Every year you drive your van without making a claim results in a little bit extra discount on your next van insurance policy.

Try to rack up the years by driving sensibly and think about your claim. If you’re at fault and the costs of repairing damages are minimal (less than your excess for example) pay for them yourself.

  1. Excess

When you complete a van insurance quote form online, you’ll get asked how much Voluntary Excess you want to pay.

Voluntary Excess is the amount of money you agree to pay in the event of a claim and you pay this on top of your Compulsory Excess, a fee set by the insurer.

The higher your Voluntary Excess, the lower your monthly or annual premium.

It’s important to work out the total cost of both Excess payments because if you cannot pay them, you will not be able to make a claim.

  1. Use

If you use your van for commuting or any form of business travel, you will pay more for your insurance.

A social and domestic policy, without commuting, will be cheaper than any form of business policy or any private policy that includes commuting.

If you don’t commute to work in your van, don’t add it to your policy.

  1. Parking

Do you keep your van in a locked garage? If so, you could save money.

So, if you have the option to park your van in a drive or garage, use it, because it could save you money.

Van with paintjob parked up outside business

  1. Security and Contents

The more secure your van is in the eyes of your insurer, the cheaper it should be to insure.

Most insurers have a list of approved security devices and measures that will help lower your insurance premium if you have them fitted to your van, whether that’s an immobiliser or a tracker.

Likewise, If you do not leave anything valuable, like tools, in your van overnight, your insurance should reduce as well.

  1. Trade Body

Some insurers offer discounted rates to van owners and drivers who are registered with an approved Trade Body.

You should check to see which insurer offers discounts to make sure you don’t miss out.

  1. Training

In a similar way to Trade Bodies, some insurers offer discounts to van drivers who have received and taken additional training.

Again, insurers will have a list of approved training providers and if you have received advanced training from one of these, you could see your insurance premium drop.

  1. Modifications

You’ve probably heard this before but modifications will increase the cost of your van insurance if they change its performance or looks.

The same does not apply to wraps or business advertising across the outside of your van, in fact, the opposite happens.

If you have a van with a unique company name on the outside, it’s easier to identify if it is stolen, so thieves generally stay away.

Drivers of vans with their employers name emblazoned on the outside are also less likely to drive dangerously because their job could be on the line.

The general rule is: No mods, but wraps are ok.

Modified van insurance

  1. Size matters

Size is important and that’s normally why people buy vans; because they need a vehicle that is bigger than a car to transport stuff.

Generally the bigger your van, the higher the risk in your insurer’s eyes so if you don’t need a long wheelbase van and could get away with a standard commercial vehicle, don’t drive one. It could save you money on your van insurance.

  1. Mileage

No prizes for guessing that the further you drive every year, the more your insurance will be.

That’s why it’s important to be as accurate as possible when you estimate your annual mileage because if you say you’ll drive 15,000 and only drive 5,000, you’re paying for cover you won’t need.

  1. Optional extras

When you get van insurance quotes, you will be asked whether you want to add on certain extras.

Lots of these are very useful, like Breakdown Cover, but they will obviously increase your overall payment.

  1. Payment

You will pay more for your insurance if you pay monthly, rather than an annual payment.

  1. Driving Licence

Unsurprisingly, having a clean driving licence will help you get a cheaper van insurance premium.

Someone who has points and endorsements on their licence will pay more for their van insurance.

  1. Additional drivers

Adding additional drivers to your policy can increase your van insurance premium, especially if they have points on their driving licence.

If you need to add another driver, check their history and how much it will change your insurance premium to see whether it is worth it.

  1. Fleet insurance

If your company has more than one van in its fleet, it could save you money to take out a fleet insurance policy rather than multiple single van insurance policies.

Multiple vans parked up on the roadside

Next page: Business Van Insurance