Black box van insurance
You could cut your insurance costs with black box van insurance, or telematics van insurance as it’s also known, and become a better driver.
It monitors your driving and could improve your van insurance costs, if you consistently drive well.
What is black box van insurance?
Black box insurance for vans could lower your insurance costs. With one of these policies a black box is installed into your van and it monitors how you drive.
Your driving, including your speed, mileage, and location, is then used to calculate how much you pay for your insurance.
When you sign up to a black box policy, you’ll usually be sent the actual box by your insurer to attach to your van.
Most insurers also have a mobile phone app that works alongside the box and is used to send data to your insurer.
If there’s already a black box on your van, or another type of telematic technology installed, your insurer might be able to use this instead of you fitting a new box.
Telematics van insurance not only monitors your driving it might also be able to track your van, which can be useful if it’s stolen.
Most policies include theft tracking as standard which your insurer could use to try and find your van.
Who is black box van insurance suited for?
Anyone can buy black box van insurance, although it’s been traditionally advertised at young drivers, who tend to have the highest insurance costs.
Young drivers are seen by many insurers to be the most at risk of having an accident and making a claim. This is why their insurance costs are usually high.
But lots of different factors affect the price you pay for insurance. These include:
With a black box policy, an insurer is better able to see exactly how you drive and charge you a policy that reflects this.
This is instead of you paying over-the-odds for a policy based on average claims statistics.
New drivers without much experience who haven’t been able to build up a no-claims bonus can also face higher costs. Black box technology could help them pay less.
As well as the cost, there are other benefits of black box van insurance.
If you drive a van for work, or use them as part of a fleet, the technology in the black box could also help you to plan delivery routes and avoid traffic jams.
The technology also features first notification of loss (FNOL) data. This means if there’s an accident your insurer should be notified immediately.
This might speed up the time it takes to process and resolve your claim.
What are the different levels of black box insurance for van drivers?
Black box insurance for vans works in the same way as regular van insurance. You‘ll need to pick the policy based on how you use the van:
Carriage of own goods
Hire and reward
Once you’ve found the policy for your van, there are then different levels of cover to choose from to suit your circumstances and your budget.
This provides the lowest level of cover. Only damage or injury to a third party is covered.
Third party, fire, and theft
You’ll get the same protection as third-party only policies but you’ll also be covered if your van is stolen or damaged by fire.
This is the top level of cover available because you, your van, and any third party and their vehicle are all covered.
There might also be extras such as cover when you’re out of the country or a replacement van if you can’t drive yours.
It’s always worth taking the time to compare van insurance so you can find a policy that works for you.
There are lots of insurers in the market, so don’t go for the first one you find and always read the small print.
You can buy black box insurance for most vans but there may be restrictions.
For example, if your van is more than 14 years old, worth under £750, or if you have a low mileage of under 1,900 miles a year.
Where is a black box fitted on a van?
The location of the black box will depend on the insurer you’ve chosen. But they’re usually placed within the interior of the van, so you won’t actually see it.
If this is the case it will need to be fitted by a trained mechanic. When you cancel the policy, if you want the box to be removed you might have to pay for this.
Some insurers, however, use black boxes that are fitted to your dashboard or window. If this is the case, you could install it yourself.
Either way, you should be told before you buy the policy exactly how it works.
Pros and cons of black box van insurance
Black box technology is still relatively new. So, van drivers are bound to have questions about how it works before buying a policy.
Here we look at some of the main pros and cons of this type of insurance.
The pros of black box van insurance
The main advantage of black box van insurance is the way it helps to cut the cost of your insurance.
Young van drivers, or those with no previous experience, could face extremely high costs compared to drivers with more experience.
If a policy can help to cut these costs, and make you a better driver, it might be worth considering.
It’s also a handy way for drivers to be more efficient as it could help them to plan their routes and how to avoid traffic hold ups.
Plus, if it’s stolen, you’ll have more luck getting your van back with the black box tracker technology.
The cons of black box van insurance
Technology has come a long way in the past decade, but many drivers might still be a little wary of being tracked at all times.
The thought of your driving being monitored by an insurance company might be a little disconcerting to some drivers.
This type of technology isn’t suited to all vans either. If you have an older vehicle or one that isn’t worth much, you might not be able to find black box insurance for it in the first place.
You’ll usually only get a good driving score, which could lower your premium, if you drive consistently well and usually in the daytime.
Therefore if your job requires you to regularly drive at night you might not benefit from this type of insurance.
It’s also worth remembering that with a black box policy, if you’re driving carelessly, your premium could go up.
The van insurance market is a big space and there are lots of policies to choose from.
For some drivers, such as those with a lot of experience on the road, a regular policy could be cheaper than one with telematics technology included.
What’s the difference between black box and regular van insurance?
If you have black box van insurance, your driving is monitored and the cost of your insurance premium could be cut.
The black box will likely record your:
It might also record the time you usually drive and the type of roads you travel on,
With a regular insurance policy, you’re charged an annual amount for your insurance based on factors such as your age, profession, and driving experience.
Will fitting a black box make my van insurance cheaper?
If you’re faced with sky-high insurance costs, or even if they’re more than you’d like to pay, it’s worth taking a look at black box van insurance.
While it might not work for everyone, if it can cut your insurance cost, it’s worth considering. This is especially the case for younger and less experienced van drivers.
However, if the price you’re quoted is higher than you’d pay for regular van insurance, a standard policy might be a better option.
Similarly if you have black box van insurance and the price hasn’t changed, it’s time to compare prices and see if you can switch to a cheaper policy.
For more information, check out our guide on how to make your van insurance cheaper.