Van insurance can be expensive, with getting the best deal a complicated and complex task. However, there are a few ways to make it more affordable.
With some research and small changes, there is the potential to save yourself hundreds of pounds. This guide contains five tips on how to successfully lower your van insurance.
1. Increase Your Voluntary Excess
This may sound foolish, but agreeing with your insurance provider to pay a greater excess can greatly reduce the price.
However, if the worst should happen and you need to make a claim, it will cost you more, but it is an option to consider.
2. Build Up a No-Claims Bonus
Building up a no-claims bonus is an effective method to lower your van insurance premiums.
Ensure you declare all your no-claims bonuses, and ask your insurer if any bonuses on other vehicles that you own can contribute to your van insurance.
Recent statistics have presentedvan drivers as safer than car drivers. On average, vans have a 0.38 per cent chance of being involved in an accident, whereas cars have a 0.69 per cent chance of being involved in an accident.
3. Consider Your Insurance Extras
When choosing the right insurance, you will usually find a lengthy list of optional extras that can be included.
While they could benefit you should you need to make a claim, ensure you thoroughly study the small print, which can help you determine whether they are really worthwhile.
4. Empty Your Van of Equipment at Night
As thoroughly as you can, ensure you remove expensive tools and equipment from your van overnight.
Declaring that your van is empty overnight can reduce your premiums, as it’s clear you take careful precautions so that your van is not a target for burglars and thieves.
5. Secure Your Van
Another great way of lowering your van insurance premium is to make your van as safe and secure as possible.
Plylining and othervehicle-accessories can make your van more secure against knocks and bumps.
Fitting equipment such as a van alarm, immobiliser or tracker will help insurance companies see your van as a low risk for thieves to steal or break into. Ensure your van is also parked in a secure location overnight.