Van insurance groups explained

Posted by mustard.co.uk on July 6th, 2018

The insurance group your van belongs to has a huge impact on the price of your premium.

So, what is an insurance group and who decides what van goes in which group? To explain what it all means and to help you understand how to lower the cost of cover – here’s our handy guide.

What is an insurance group?

There are 50 insurance groups in total and the cost of your van cover is influenced by the group it’s in. As a general guide – the higher the number, the more you’re likely to pay.

Organisations like the Association of British Insurers (ABI) help decide the appropriate group for vans based on factors such as:
Parts and repairs– the cheaper the parts and cost of repairs, the lower the group

Van performance and engine size – fast vans with powerful engines are more likely to be in higher insurance groups

Cost when new – the pricier the van when new, the higher the group number because ultimately, it’ll cost more to replace if it’s written off.

How secure is your van?

Security plays a big part in determining your van’s insurance group and as a rule, vans are more favourably grouped if they have good security features fitted as standard.

To give greater accuracy, a system of suffixes is used alongside insurance group numbers to help illustrate how secure a van is – they are:
– an acceptable level of security

– does not meet the prescribed level of security and consequently the insurance group will increase

– exceeds the standard security features required which means the insurance group can be reduced, so for example a group 29 van with excellent security becomes a group 28E

– grey import, which means the van was not originally meant for the UK market

– provisional, this means there wasn’t enough security information about the van when it came onto the market.

line-of-yellow-vans

What group is my van in?

When you buy your van, the dealership or manufacturer’s specification guidelines should tell you the insurance group.

We’ve created the table below as a basic guide of which van types sit in each insurance groups.

Groups 1-5Groups 6-10Groups 11-15Groups 16-20
– Vauxhall Corsavan
– Ford Fiestavan
– Citroen Berlingo
– Vauxhall Combo
– Citroen Nemo 610
– Peugeot Expert
– Volkswagen Amarok
– Mercedes Vito
– Nissan Navara
– Nissan NV400
– Renault Master
– Ford Transit (medium wheel base)
Mercedes Sprinter 313 HR

How can I lower the cost of my van insurance?

Although insurance group plays a part in deciding your premium, it’s not the only factor.

For example, your driving history has a big effect on the cost of your insurance and to keep premiums at their lowest, you’ll need a clean, unblemished driving record free of driving convictions.

Other ways to keep the cost of cover down include:

Keeping modifications to a minimum – in most cases modifications are frowned upon as they can make your van more expensive to repair (or more desirable and attractive to thieves

Increasing your van’s security – one of the exceptions to the no modifications rule, is to add an approved security system or alarm to your van. It also helps if you can keep your van somewhere safe overnight (a locked garage is the ideal)

Increasing your voluntary excess – you can lower your overall insurance cost by increasing the amount of excess you pay. Just bear in mind that you need to be able to afford it if you do actually need to make a claim

Pay upfront – although it’s a big chunk of money, paying for your insurance annually can work out cheaper than paying in monthly instalments taking into account admin fees

Providing accurate information – be as accurate as possible when you tell your insurer how many miles you do or what you use your van for. Overestimating your mileage can push you into the next price bracket (but be aware that grossly underestimating can invalidate your policy). Similarly, if your van’s only for personal use then say so, this ensures your policy best reflects your needs

Signwriting your van – if you use your van for work then signwriting your business details on it can be a beneficial modification. It makes your van easy to identify and therefore, less likely to be stolen

Build up your no claims bonus – not making insurance claims and building up your no claims discounts can also help lower premiums.

Why use mustard.co.uk for your van insurance?

We’re different because of our Cheapest Price Guarantee* – it means that if you find a cheaper like for like van insurance quote elsewhere – we’ll beat it*. Just call us on 0330 022 8814, or start a quote online today.