How to Save Money on your Van Insurance
It is important that all the information you supply to the insurers is as accurate as possible. Every little thing can really make a difference to your quote. This can be anything from where you keep your van overnight to the mileage you travel.
We here at comparethemarket.com want to help to make sure you don’t end up paying too much for your van insurance. Have a read of our guide on how you could save money.
Size Matters!
The size of your van could impact the price you pay on your van insurance. Generally the smaller the van the lower the premium will be so make sure you put your correct van details in when getting a quote as you could lower the cost!
Van security
Where you park your van and where you keep it overnight can affect your premium price. Keeping your van safe and eliminating unnecessary risk for it to become stolen or vandalised can cost you less in insurance. If your van is fitted with an alarm or immobiliser, you could benefit from a lower van insurance premium as it reduces the risk of your van become stolen.
Mileage
When filling out the form, you will be asked for an estimated amount of mileage. It is important to try and get this as close to the actual figure as possible. This is because the more miles you travel, the more your premium will generally cost.
What do you use your van for?
There are a variety of different selections available, whether it’s to visit family and friends, travel to and from work or to visit clients at their homes. You need to make sure you pick the best option to suit your needs so you are covered in the event of a claim. If you carry high value goods or travel long distances, you could have a higher premium to pay on yourvan insurance.
Excess and No Claim Bonus
Voluntary excess is the amount you would pay in the event of a claim, how much you decide to pay will have an impact on the price of your premium. If you opt to have no additional excess your van insurance quote will in most cases be higher than that of someone paying a voluntary excess.
Compulsory excess is the amount you would need to pay in the event of a claim, the amount of compulsory excess and your voluntary excess amount is payable when a claim is made. The higher these excess amounts are the lower your premium will generally be.
Some companies offer a no claims bonus if you do not claim on your van insurance for a year or more. You can opt to protect your no claims bonus for an extra charge. A no claims bonus can lower the cost of your van insurance but if you make a claim without any claims bonus protection, even if it is not your fault you lose two years of your no claims bonus. If you move to a new van insurance provider you may need to prove your no claims discount so make sure you keep hold of any insurance paperwork which highlights this.
If you have a no claims bonus on your car insurance then it could be applied to your van insurance policy dependant on the insurer.
ALSO
If you have a fair amount of experience driving vans you can lower the price of your van insurance premium further. However you may be asked by the provider to prove it.
Van Insurance Comparison
Van insurance comparison enables you to find some of the best deals on the market today and to compare other leading insurers. Make sure you’re not paying too much for your van insurance and compare van insurance today to see how much you could save with comparethemarket.com.