Vans are put into categories from 1-20 by the Association of British Insurers. 1 is the lowest risk category and 20 is the highest risk category. There are various factors that contribute to the category into which your van is placed. These factors include the size and weight of the vehicle, its value, cost of repairs and even emissions.
Van insurance is similar to car insurance in that you get three types of policies including fully comprehensive, third party, fire and theft and third party only. However, you also need to work out if you need private van insurance or business and commercial van insurance.
You’ll need private van insurance if you’re using your van for social, domestic or pleasure only. You’ll need business/commercial van insurance if you use your van for commuting or for business purposes, for example tradesmen or couriers.
Van insurance is a must even if you only drive your van at certain times of the year. From June 2011, the continuous Insurance Enforcement Act came into place, which states that all road-going vehicles must be insured even if they’re not in use. The only exception to this is if you have declared the vehicle SORN (statutory off-road notification) with the DVLA.
Compare private van insurance quotes – we can help you compare van insurance policies, quickly and simply. Visit our van insurance comparison page and see if you can save
Increase your voluntary excess – voluntary excess is the amount you contribute (in addition to the compulsory excess) towards any claim. If you’re prepared to increase the voluntary excess on your policy, it may reduce your premium – just make sure you can comfortably pay the full amount if you do need to make a claim.
Build up your no claims discount – providers offer a discount based on the number of years you have been driving without making a claim.
Park wisely – if you’re able to park your van off the road, it could lower your premium.
Reduce your annual mileage – a lower mileage could potentially mean lower insurance premiums, however it’s important you’re honest as underestimating your mileage could invalidate your policy in the event of a claim.