Getting cheap van insurance is never easy. Researches state that van drivers in the UK now pay double the amount as compared to car insurance. There are many insurance companies striving to be your next insurer.
With van insurance comparison, you can get an idea of quotes from multiple insurers and take your decision accordingly. The prices for van insurance in the UK are continuously rising with the passage of time. However, with proper planning, you can cut down the prices of insurance for your vehicle.
The need for Cheap Van Insurance
With a greater number of vans for sale over the past years, people have started looking for insurance for their vehicles even more. Van insurance premiums are also dependent upon the risk factor, the same as in case of insurance for cars.
To understand the pricing of premiums, you need to understand that, the lower the risk factor involved, the lower is the price of the premium. You should maintain a crystal-clear driving record and a good reputation as a driver to cast a good impression on the insurer. This helps them in getting the idea that you have got lesser risk factors involved with your insurance.
The Size of Your Vehicle
The size of your van truly impacts your insurance premium prices. The smaller is the size of the van, the lesser is the cost of the premium. Insurers not only check the owners of the vehicle but also its manufacturer, model, value and engine size whenever calculating the cost of the premium.
There are different factors involved with each van and a specific risk can be related to each vehicle. A larger van might be more powerful, with a strong engine. However, the cost of insuring it would be much more than insuring a van of small size with half power of the engine.
Before deciding to buy any van, you should first determine your budget and needs. Buying a van of larger size is totally baseless if you don’t need that much size, as it can cost you much. You can go for a smaller van for carrying out your work if you cannot afford the cost of the premium.
How to Cut Down the Cost of Van Insurance?
If you have decided to get insurance of your van, here is what you have to consider before choosing your insurer:
1. Shop Around First
You might be confused about changing your current insurer as you have been availing of their services for long. What if your current insurer is offering you a renewal quote and it seems too expensive to you? you need to shop around in that case. Auto-renew quotes are much expensive, including a fee of privilege.
You can compare van insurance from different online comparison websites to better have an idea of average insurance quotes and to know if you are overpaying for your insurance needs or not.
Shopping around for insurance has never been easier for anyone. There are convenient websites these days that offer an easy comparison of insurance and generate quick quotes according to the details entered. In this manner, you can determine the rates of interest and how excess amount is your current insurer charging.
2. Improve Your Van’s Current Security Condition
One of the best ways of saving money for your insurance premiums is to make your van more secure. There are many of the devices that can be used for making your vehicle even more secure.
You can add your ID number to your van and make sure it’s parked in your garage at night. This also cuts down the insurance prices and is considered an essential factor by the insurers. As you reduce the risk factor, the costs of insurance start cutting down automatically.
3. Add a Tracker
There are many cheap tracking systems for security purposes that can be added to your van. Some of such devices even connect with your smartphone and let you easily control your vehicle whenever it’s stolen.
Having GPS installed in your vehicle increases the chances of retrieving it, in any case, it’s stolen and lets you track where the thief is heading to with your vehicle. You can thus follow them and get your vehicle back. This helps you save more money on your insurance premium.
4. Park Your Vehicle in a Safe Place
If your vehicle is parked on the side of the road, it’s not considered as safe as it would be in a garage or a secure place that’s well-equipped with CCTV cameras. This also makes your vehicle more secure, with less risk factor involved, cutting down the cost of the premium.
5. Make Sure Your Tools are Covered
The importance of good content cover can never be denied. You need to decide first what is the cost of your tools and make sure they are all added to the van’s content insurance. Getting the cheapest costs for van insurance might be tempting. However, this doesn’t mean to neglect the importance of contents cover. if you lose all of your tools in any case, you would not have anything to replace them with, in that case, and the cost of such misery cannot be measured.
6. Advertise Your Business through Your Van
Normally, thieves avoid vans as they are easily identifiable. If you place your business name on any side of your vehicle, it’s less likely to be stolen as it increases the chances of its identification and poses more risk upon the thief to vanish with it. You need to talk to your insurer about it first, as the cost of placing your business sign might outweigh your saving on insurance.
7) Be Careful About Who You are Adding to the Policy
Never add young drivers on the policy as they have less experience and no driving record. Therefore, adding them under your policy might cost you even more. Work out who is in need of driving the van if you are hiring new drivers for your van and make sure they have a clean driving record. This ensures lesser risk factors involved and thus you are going to get lower costs on the premium. Always try to go for cases where you can minimize the risk factor.
Before buying any cheap van insurance, there are several factors you need to consider, mentioned in this post. Following these tips, you can cut down the overall costs of your van’s insurance. EnsuranceCompare is one of the most preferred van insurance comparison websites that lets you conveniently explore the best insurers in your range!