Lower the Cost of Your Van Insurance
There are several actions that you can take to lower the cost of your van insurance premiums. Confused.com reveals the top tips for saving money on van insurance without reducing your level of cover.
Smaller vans pay less for insurance
The van’s value, model and engine size will all make a difference to your van insurance premium.
Most vans are given an insurance group ranking which is an analysis of the level of risk involved with each van type and group. A high powered van with a large engine will be more expensive to insure than a smaller van as the larger van will be deemed a higher risk.
Therefore, to keep van insurance costs down, try and select a vehicle that doesn’t exceed your needs in terms of size, weight, performance etc.
Imported vans, inflated prices
Vehicles that have been privately imported always attract higher insurance premiums, usually due to the cost of replacement parts. It’s always cheapest to insure a UK-spec van, and one that hasn’t been modified in any way.
Upgrade van security
Enhanced security on your van will mean it is less likely to be stolen or broken into. Alarms, immobilisers and trackers will all protect your van, which is likely to result in a lower-cost quote from van insurance providers.
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Alarms - fitting an alarm to your van is a great way to qualify for low cost van insurance. Alarms are an effective criminal deterrent to protect your van and valuables such as tools and your stereo.
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Immobilisers - an immobiliser is an electronic device which prevents a vehicle from being started until it has been deactivated. Although this will not stop a van from being broken into, it may well stop the vehicle from being driven away.
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Trackers - if your van is stolen, it stands a much better chance of being recovered if there is a tracker device fitted. If your van is in the UK, the police can recover it by following the tracker back to its source. Trackers are a good method for obtaining cheaper van insurance.
Secure parking for vans
The overnight location of your van will also affect your van insurance quote. Leaving your van parked in a driveway or garage is deemed to be much safer than leaving it on the roadside and so this can also help to lower your premiums.
Van owner variables
When shopping for cheap van insurance, quotes can be higher if the owner of the vehicle is not also the registered keeper. This is particularly important when searching for a quote online as most internet quotations require the owner and registered keeper to be the same person (or partners).
Younger drivers (particularly those under 25) will attract higher insurance premiums due to their perceived lack of driving experience. It will also be more difficult to find low-cost van insurance for any drivers who have been refused insurance in the past or who have any motoring claims or convictions.
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