There are several factors that contribute to the cost of your van insurance including your age, the type of van that you own, how much you drive, and where your van is parked. Everybody’s insurance premium is unique to them, so you might find that your next-door neighbour with a van pays more or less than you do. However, just because you are legally required to get van insurance, doesn’t mean that you need to pay over the odds for it. Keep these tips in mind to help you get a cheaper van insurance quote.
How to Save Money on Van Insurance
The easiest way to get a cheaper policy is to prove that you are a safe driver over time. When you’ve not had an accident for years, insurers will see you as a lower risk and you will likely see lower premiums. While sometimes, accidents are not your fault and might not be avoidable, taking steps to be a safer driver is the best way to avoid making a claim. Since traffic regulations and driving laws are often amended and updated, it’s important to stay up to date with the rules of the road while driving calmly, considerately, and carefully.
Plan Ahead and Buy Early
It is a good idea to plan ahead and buy your policy early when it comes to your van insurance. The further in advance you start planning your van cover, the better deal you’ll get. If you’re getting quotes a day or two before your insurance is due, then insurance companies know you don’t have much time to shop around and find a good deal and you’re likely to see higher quotes. Research has shown that getting a quote around three weeks in advance can help you get a significantly lower quote. You can insure your van through here by getting quotes from different van insurance companies to find the right option for you.
Check Your Mileage
The price of your insurance premium is based on many factors including how often you drive your van. The more miles you drive in a year, the bigger the chance of you claiming, so you are likely to pay more. Because of this, it’s a good idea to have an accurate idea of how many miles you drive in a year, as if you’re overestimating it, you could end up paying more for van insurance than you need to.
Pay a Higher Voluntary Excess
The excess refers to the amount of money that you will need to pay towards making a claim on your van insurance. In the majority of cases, choosing a higher voluntary excess to pay alongside your compulsory excess will help to reduce the cost of your premium. If you have a history of no claims and are OK with paying a little bit more in the event of a claim, it might be worth considering.
You can’t drive your van legally without the right insurance, but the good news is that there are several things that you can do to bring the cost down