Here are a few tips to help you get low cost van insurance that, in the present financial climate, is appreciated by most people.
Size of Van
The larger the van the more expensive it is to insure it so make sure you choose a van that meets your requirements. For instance, an electrician would not need as large a van as a house clearance business.
Van insurance companies look favourably on customers who have had the forethought to fit one or more security devices. Therefore you should consider fitting an alarm, an immobiliser and tracking device to your van and advertise the fact that they are fitted on your windscreen/windows. This should not only help contain/reduce your van insurance premiums but should act as a deterrent to the van thief. After all can you imagine the inconvenience and potential loss of income if your van were stolen?
Where do you leave your van once your day’s work is done? If you leave it on the road outside your home it is more at risk of being stolen or indeed hit by another vehicle than if it were parked on your drive or garaged or kept in a secure compound. The more secure place your van is kept the more likely you will be able to get low cost van insurance.
No Claims Discount
If you protect your no claims discount you will pay a higher premium but, if you were to claim on your policy, by including this option this should avoid the premium having to increase due to a claim being made.
Most van insurance providers have a standard excess amount where you will have to pay say the first £100 of the claim. However, you could include a voluntary excess whereby you are agreeable to paying a further say £250 of the claim. This could potentially result in you paying a lower monthly premium.
Sometimes it is cheaper to include van breakdown cover in your low cost van insurance policy rather than take out separate van breakdown cover.
There are various places to get quotes for van insurance but a place where a lot of van owners go to is on the Internet and visit one or more of the van insurance comparison websites because they have access to numerous van insurance companies so you may be able to get low cost van insurance there.
If you tell the insurance company that you want anyone to be insured to drive your van that will cost you more than if you named the specific drivers who are most likely to drive it so take some time to decide who will definitely need to drive your van in addition to yourself.
Value of Van
Do not over-inflate the value of your van for insurance purposes as your premium may be higher and the insurance company will only pay out the market value.
Spend some time calculating as accurately as possible the number of miles you are likely to do in a year. It will probably cost more to insure a van that does 60,000 miles each year than one that does only 6,000 miles per annum. Do not over-estimate but equally do not under-estimate.
Hopefully these tips will prove beneficial.