Finding the right courier van insurance for you can be a tricky business.
In association with Gladiator, Confused.com simplifies things by sending comparing up to 40 top UK insurers to help find the right deal for your circumstances.
Company van insurance or commercial van insurance quotes could be at your fingertips in minutes.
Keep costs of van insurance down
As with car insurance, there are several things you can do to keep your company or commercial van insurance policy costs to a minimum.
Type of van
The make and model of your van will affect the price you pay to insure it, as will its engine size and value. Vehicle weight is also an important rating factor. Small van insurance will be cheaper than insurance for a larger transit van: the smaller vehicle will be easier to control, meaning that fewer accidents should occur.
It’ll be harder to find cheap van insurance for any drivers who have been refused insurance in the past, or who have had special terms imposed on a policy. An “any driver” policy will always cost more, so consider carefully who you want to insure to drive your van.
Age will also influence how cheap a company or commercial van insurance quote can be. A young driver, particularly 25 and under, will be thought of as a higher risk as they will probably have less driving experience.
Couriers and haulage contractors will usually need specialist insurance providers to find cheap van insurance, as do taxi drivers.
Some brokers won’t be able to give you a quote if you use your van to carry hazardous or toxic materials due to the increased risk that comes with this kind of cargo.
If you are using your van for both private and business purposes you must inform your insurer. The details they need include:
- Any goods that you transport
- The drivers to be covered
- The duration of use
You may be able to extend an existing company or commercial van insurance policy to cover occasional business use.
If your van is used predominantly for business purposes or transporting goods, or is actually owned by a company, you will probably need a specific commercial vehicle policy.
If you own more than five vehicles, a fleet policy could be arranged and be cheaper overall. The claims experience of your fleet will provide the main rating factor in assessing the cost of the policy.
Enhanced security on a van such as an alarm, an immobiliser or a tracker means that it is less likely to be stolen or broken into, so insurance providers are more likely to offer you a cheaper quote.
People living in cities are considered more likely to have accidents, as there are more hazards around.
It is quite common, therefore, that a van insurance quote for someone who lives in a city will be higher than for someone living in a more rural location.
In addition, vehicle thefts or break-ins are more likely in some areas than others.
Van insurance no-claims bonus
For each year that you insure your van without making a claim on your policy, you receive a no-claims bonus. This can be redeemed as a discount on your next year’s van insurance premium.
Voluntary excess on van insurance
While most van insurance policies will have a compulsory excess, you can also agree to take a voluntary excess on top of the compulsory excess amount.
A voluntary excess can often reduce the cost of your van insurance policy, although you will have a larger amount to pay in the event of you making a claim.