When it comes to van insurance, there are a few things that you need to take into account. The first is the type of van that you have. There are different types of vans, and each one has its impact on the cost of your premium. Another thing to consider is the use of your van. If you use it for business purposes, then you can expect to pay more than if you just use it for personal reasons. Finally, the age and driving history of the driver will also have an impact on the cost of your premium.
For this article, we will primarily consider how the type of van might affect obtaining cheap insurance. Although, do not forget that a broker might be able to help when they have the choice of many different insurance companies that they could place your van or vans with.
The Difference Van Types Make
The type of van that you own will have the biggest impact on the cost of your premium. If you have a commercial van, then you can expect to pay more than if you have a personal van. This is because commercial vans are more likely to be involved in accidents. They are also more likely to be stolen, and this can increase the cost of your premium.
Consider carefully the van that your business needs because to have one that costs more to insure when it is perhaps larger than you needed, would not prove cost-effective in the long or short term.
The Make and Model of the Van
The make and model of the van that you choose will impact insurance premium just like its storage capacity and engine size. If you have a van that is known for being involved in accidents or considered by insurers to be a high theft risk, then you can expect to pay more.
Factors Affecting The Size of Van Selected
When selecting a van, think carefully because it will impact your insurance premium. Think about what you will carry because the larger the van, the great the engine size, so the more insurance premium it will attract. Also, think about the age and history of your drivers because that will matter too. Certain combinations are more likely to increase excesses and premiums. Let us examine these in more detail below.
Types of Business:
The use of your van will also have an impact on the cost of your premium. If you use your van for business purposes, then you can expect to pay more than if you just use it for personal reasons. This is because businesses are more likely to be involved in accidents, and they are also more likely to have their van and its contents stolen. If you use your van for recreation, then you can expect to pay less than if you use it for business purposes. However, this is not always the case, and you should check with your insurance company to see how they view the use of your van.
The Age and Driving History of the Driver:
Another factor that will impact the cost of your premium is the age and driving history of the driver. If the driver is young and has a clean driving record, then you can expect a lower premium than if the driver is older and has a bad driving record. However, if the driver is young and has a bad driving record, then you can expect to pay more than if the driver is older and has a clean driving record. This is because young drivers are more likely to be involved in accidents and motoring convictions and claims histories matter.
When it comes to van insurance, the type of van you have will impact the cost. For businesses, this can be an important consideration when making a purchase. It’s important to remember that each case is individual to an extent, so the only true way to know how your budget might be affected is to obtain some insurance quotations for the different types of vans that you might be considering.