Ten Tips For Saving Money On Your Van Insurance

If vans are the cornerstone of your business, saving money on their insurance can end up being thousands as your business grows and your fleet increases. These tricks of the trade could help you to lower your initial costs, so that you can get up and running.

1. Whether it’s your first business venture or you’re looking at an upgrade, remember to research the models you’re considering. There are a lot of models that are more environmentally friendly than others, requiring less road tax to run, as well as a lower insurance figure.

2. Choose your occupation description wisely as the actual wording can make a difference. Certain factors are assumed with certain employment, such as the potential for accidents, mileage and so on, so think about the best possible way that you can describe your job for a more accurate quote.

3. Increasing the amount of excess you’ll pay in the event of an accident is a risk if you can’t afford it, but it will most likely bring down your quote. Be realistic, and opt for a higher figure that you know you’d be able to afford.

4. If possible, pay your insurance in one annual payment, rather than a monthly direct debit. The interest on this quote could cost you in the hundreds depending on your van.

5. Look for ways that you can increase the security on your van. A secured parking space is best, but if one isn’t available, look at the difference in costs between your insurance with and without an overnight space, and then look at the cost of renting a garage close-by.

6. Like any other kind of insurance, you should shop around. Use comparison websites, but don’t be afraid of getting direct online quotes - there may be deals for new customers that are worth researching. Companies like A-Plan give quotes online and give very competitive prices, helping to save customers up to £115.

7. Try getting different quotes for third party and fully comprehensive cover. On a newer car, it may sound like fully comprehensive would mean a higher rate but it can often the other way around, whereas third party on an older van might be the better option.

8. Think about your insurance needs and make sure you get the right policy. For example, courier insurance is often greater as you’re adding protection for the extra goods. By knowing exactly what you need legally, you can shop around more effectively.

9. When recruiting new drivers, review their motoring history and whether or not they have any previous convictions. If added as a named drive, could they drive up your costs?

10. Limit modifications that are more for aesthetics than practicality, as they’re harder to find parts for and can drive up your premium. Find out more on this here.