How to get the cheapest van insurance quotes
As sure as eggs is eggs and night follows day, everyone likes to save money.
It’s a fact and one of the reasons why mustard.co.uk is on the screen in front of you.
Another fact is that we’re dedicated to helping British motorists save time, effort and money on their car insurance.
That’s why we write guides like this, to reveal how you can keep more money in your back pocket by getting the cheapest van insurance quotes.
14 ways to reduce your van insurance premium
- No Claims Bonus (NCB)
No Claims Bonus (also known as a No Claims Discount), is a sure-fire way of lowering your van insurance premium.
You get a year’s worth of NCB by not making any claims on your insurance policy over a 12-month period. The more years NCB you have built-up, the cheaper your insurance should be.
There are three ways to avoid making a claim:
Drive like a saint – Unfortunately, you driving carefully and mindfully of other road users won’t stop other road users driving badly. So this one is not always in your control.
Protect your NCB – You can protect your NCB for an extra cost, which means if you do make a claim, you won’t lose your NCB but it will drive up the cost of your premium. If you don’t make a claim however, you could argue that you are wasting money.
Think about your claim – For small claims where you are at fault, it might be worth deciding whether it’s better to make a claim or to pay for repairs yourself.
- Type of cover and use
It’s important to be accurate and realistic when looking for insurance for your van. That’s not just so you stay on the right side of your insurer and the law, but also because it could save you money.
What you must do is make sure you have enough cover in place for your business needs. If you use your van for business you will need a form of commercial van insurance.
Insurers will usually bundle the basic type of cover (Comprehensive, TPFT and Third Party Only) into a business policy and because there is more risk involved, business van insurance is more expensive than private cover.
If you don’t use your van for business use, tell your insurer because it will save you money.
- How big is your van?
A personal question, this one, but an important one nonetheless.
Do you need a long wheel base van? Could a smaller van meet your needs? For more information about different types of vans why not a look at our handy guide here.
When it comes to van insurance, the smaller your van, the cheaper your premium. If you can use a smaller sized van or a van with a smaller engine, do it; it should save you money.
- Parking and contents
Where you park your van has a big impact on how much you pay for your insurance.
If you have the chance to park off the road, in a garage or driveway, then take it because it lowers the chance of theft or damage to your vehicle overnight.
Similarly, if you remove anything valuable, especially tools, when you leave your van overnight, your insurance will reduce.
If you don’t remove your tools then you should definitely get contents insurance. It may not reduce your insurance premium but it could save you money in the long run.
“mustard.co.uk in comparison endorsement shock”, or so the headlines may read.
But yes, we do think comparing different quotes from as many different insurance brokers as possible is one of the best ways to make sure you get the cheapest van insurance quote.
We’d even advise you to use different comparison websites too because if you find a cheaper quote anywhere else online, we promise to beat it because of our Cheapest Price Guarantee.*
Insurers have lists of approved security devices that can help to reduce your van insurance costs.
If you fit an approved security device to your van, like an immobiliser or tracking device, you could see your premium drop.
- Modifications and wraps
A general rule with motor insurance is modifications are bad and will push the cost of your premium up.
Modifications that improve performance or looks push the price of insurance up because they are harder and usually more expensive for insurers to replace. If you don’t need to modify your van, don’t.
This does not apply to wraps or advertising on your van if you use your van for business.
Logos and advertising messages on vans are common, but most of them are different and identifiable (otherwise what would be the point?).
Insurers look favourably on vans with advertising on because they are aware that thieves are less likely to steal an easily identifiable van and that those driving them are more likely to drive carefully because their company’s reputation (as well as their job) is at risk.
- Optional extras
Optional extras are a double-edged sword when it comes to getting van insurance. Things like breakdown cover could save you money in the long run but they will increase your insurance premium.
You need to decide how much you need optional extras and whether it is worth paying extra for.
As we mentioned earlier, accuracy is the key when getting insurance for your vehicle.
It’s an easy one to get your head round, if you pay for 15,000 miles but only drive 10,000, you’re paying for 5,000 miles that you don’t need.
You pay more if you drive more miles, so make sure you are both realistic and accurate when declaring how many miles you drive. Remember, there could be charges for exceeding your declared mileage so check with your insurer.
- Voluntary excess
There are two forms of excess that you need to pay when making a claim on your insurance.
The first is your compulsory excess which is a set fee outlined by your insurer. The second is a voluntary excess, an amount you agree to pay in the event of making a claim.
The higher your voluntary excess, the lower your insurance premium. Lots of people are tempted to boost their voluntary excess to £500. That’s fine if you can afford it, but if you can’t, it’s pointless because you won’t be able to make a claim. To find out more visit our compulsory and voluntary excess explained page.
- Training and Trade Body
Additional driver training can reduce the costs of your insurance premium as long as it comes from an organisation that is approved by your insurer.
Some van insurers will give lower premiums to those who are members of recognised trade associations. Check to see whether your insurer applies discounts if you’re a member of a trade federation.
If you can pay for your insurance annually, do it, because it’s cheaper than spreading out payments over 12 months.
- Clean driving licence and additional drivers
This is a bit of an obvious one but if you have a clean driving licence then you will pay less for your insurance than somebody who has multiple points and endorsements on theirs.
This is also something to consider when you’re adding additional drivers to your policy. If they have points on their licence, your insurance will jump, similarly if they are under the age of 25, you will also have to pay more.
- Fleet insurance
If you have more than one van then you should consider fleet insurance.
As well as combining multiple policies into a single one (less hassle and less paperwork) you will usually get a fleet policy for multiple vans cheaper than if they were insured individually.