7 Cheap Van Insurance Tips

It’s not cheap to own a car, and it is considered even more expensive in most cases to own and run a van. This includes fuel, maintenance, and insurance.

But there are ways to cut your costs. Here are seven van insurance for cheap tips that can help you save money on this necessary expense.

Find cheap quotes online

You can search online yourself or use comparison websites when it comes to finding cheap van insurance quotes. You can also use a broker, but make sure you compare their quote with others before you commit.

Consider your excess

The amount you’re willing to pay in terms of excess, in the event of a claim, will affect your overall premium. A higher excess means a lower premium, so it’s worth considering how much you could afford to pay if you had to make a claim.

Get the right cover

Ensure you’re not overpaying for cover that you don’t need, such as breakdown assistance or windscreen cover, and that you have the right level of cover for your needs.

Drive safely and limit your mileage

Driving carefully and limiting your mileage are both ways of helping to reduce the cost of your insurance. If you can demonstrate to your insurer that you’re a low-risk driver, you may be able to get a discount on your premium. This might mean having a camera fitted that would prove that you were not at fault in the event of a claim that ends up being disputed by both sides.

Setting a mileage limit is generally more for those with cars, but if your business only makes a few deliveries per week, then maybe you can benefit from guaranteeing that you won’t be travelling over a certain number of miles each year. This will make your premium cheaper because the less time you are on the road, the less risk there will be for your insurer.

Improve security

Fitting security devices such as an alarm or immobiliser to your van can help to reduce the cost of your insurance. This will only be if they are of the type approved by insurance companies. You may, otherwise, be paying for a security system that may or may not protect your van from theft but not have the slightest impact on your insurance premium.

Join a scheme

If you’re a member of certain professions or organisations, you may be able to get cheaper van insurance through a membership scheme. This is not an option that can be taken advantage of by all that many, though, in comparison to the number of businesses all seeking out competitive insurance.

The good thing about choosing an insurance company that specialises in van insurance is that they are more likely to have a competitive premium to offer. This is because they are not comparing their own claims history against a large group that would include young car drivers, the ones most likely to have accidents and cost insurers money. You will not be penalised in that respect if a company has had a lot of claims made.

Pay annually

Paying for your insurance in one lump sum could save you money, as some insurers charge interest on monthly payments. Credit can be useful, however, if a business has a cash flow problem at times, or seasonally, when bills tend to be due on the same dates. It is, after all, likely that everything was set up when the business was. Although, certain factors along the way might have changed certain renewal dates for whatever reason.

Hopefully, you can take advantage of some of these seven ways to lower your van insurance, whether you are a business or someone who just owns a van. They are a useful vehicle when you are doing a DIY project at home and there is rubbish to take to the tip that would otherwise have meant hiring a skip. 

There are many ways insurance can save you money, should something unexpected happen, in return for often a relatively small premium.

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