Van Insurance – getting the best deal for your business

There is more to consider when you are buying insurance for a van than for a car, so here are some tips for getting a good deal.

Shop around

It is easy to let an insurance policy automatically renew, but you should avoid doing this if you want to get the best deal. Comparison websites can be helpful, or simply call two or three companies to see how they compare with the renewal price from your current insurer. Some insurance companies take advantage of automatic renewals and the fact that many customers fail to check whether they could get a better price. 

Check the policy features

Price isn’t the only factor. Check the small print to make sure that you are getting the cover you need. For example, if you have no alternative transport, look for a policy which will provide you with a replacement vehicle for as long as your own vehicle cannot be used.

Third party insurance tends to offer the cheapest insurance premiums, but it does mean you are liable for the costs of any repairs to your own vehicle, and may be a false economy. Very often you will find that fully comprehensive insurance is not much more expensive than third party insurance.

Consider the contents of your vehicle. If you need cover for equipment, tools or other items which you leave in your van, make sure this is included in the policy.

Remove unnecessary features

Insurance policies may include elements which you decide you don’t need, such as cover for legal assistance, courtesy van cover or protected no claims bonus. Choose a policy with the flexibility to opt out of non-core features, and make sure that the fee is reduced accordingly. 

Add security

Having an alarm, immobiliser and tracker may help to reduce the cost of your insurance policy, but check which items will make a difference to your premium before you invest. 

Avoid modifications

Repairs for modified vehicles can be more expensive, so they can make your policy more expensive, and some modifications may not be covered under your policy.

For more advice on getting the best insurance for your van, speak to our helpful advisers at Toomey in Basildon.