How to Reduce Your Van Insurance Premiums

Having insurance for your van is a legal requirement that may seem pointless; in the event of a crash however, you’re happy to have it. Here are some of the best ways to reduce your insurance premiums…

Van insurance is generally more expensive than car insurance. This comes down to factors such as engine size and carrying expensive equipment and materials. While it may be tempting to opt for the cheapest level of cover, it’s important to do your research to ensure you’re picking a policy that’s right for you and your business.

Get your quotes early

It’s easy to push your renewal to the back of your mind, however you could be missing out on savings of over £200 by not buying your insurance in advance!

Change your excess

The excess on an insurance policy is the amount of money an insurer will take from any pay-out before it gets to you. Sometimes these are compulsory, but some insurers allow you to alter the amount. By tweaking your pay out, you may be able to reduce your yearly quote; just remember this will reduce the amount you receive in the event of a fault claim on your behalf!

Invest in additional security

Vans are often the target of theft because they hold valuable tools and equipment in the back. Their parts are also very valuable and nearly untraceable once they’re stripped down. Deadlocks on your doors and engine immobilisers will make thieves think twice before attempting to break into your van. These additional security measures can also reduce your insurance premium.

Having your business and contact details on the side of your van can be great for business. It can also be a good deterrent for thieves too. It’s easy for thieves to blend in with a standard white van if they make off with it; however, they’re more likely to be spotted if your company name is printed on the side!