If your van forms part of your business then you’ll want to save as much money as and where you can. While you can’t afford not to get your van insured you can look for the best van insurance quote online and save a little money in the process.
Here are our top tips for saving money on your van insurance.
Increase your voluntary excess
When you make a claim on your insurance, the voluntary excess is the amount that you agree to pay. If you up the amount of the excess, you will lower the premiums. However, remember the higher the excess the more you’ll have to pay out in the event of a claim.
Make your van more secure
If your van contains the tools of your livelihood, you’ll need to make it as secure as possible. Looking into additional security extras, such as alarms, immobilisers and trackers will not only make it more secure, it will also lower your insurance premiums.
Show you’re a safe driver
If you have built up a no claims history then you should provide this to your new supplier when looking for a best van insurance quote, as many insurance providers will mirror this no claims on your new policy.
Don’t add any named drivers unnecessarily
Your premiums will increase the more named drivers are on the policy. Sometimes, however, this is simply a natural requirement of using your van for your business. However, you also need to be careful who you name on the policy as adding those under 25 and especially those with points on their licence will make your premiums jump up.
Advertise your business on the side of your van
If you have the name of your business shown clearly on the side of your van it’s less likely that it will be stolen. Furthermore, according to statistics you’re also less likely to be involved in any scrapes or accidents. These two factors combined together will ensure lower premiums on your policy.
Provide details of any trade body membership
Some, not all, insurance providers will offer lower premiums to those van owners who are members of trade bodies. If you are, it’s worthwhile making them aware of this when you open your policy.
Choose an appropriate sized van
In general terms, the smaller the van (in terms of size and power) the lower the insurance premiums. Choose an appropriate size for your business needs, not necessarily the size you want.