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What is the cost of van insurance in the UK?

What is the cost of van insurance in the UK is determined by how and when you plan to use the van. Because of the way the classifications of vans are done in the UK, nearly all of them will be covered using a commercial vehicle insurance policy. The cost will be dependent of a number of factors, but on average expect to pay somewhere in the region of £1,400 to £2,000 with an excess of £500.

The cost will be dependent of a number of factors, but on average expect to pay somewhere in the region of £1,400 to £2,000 with an excess of £500.

Why is a commercial vehicle cover required for my van?

Vans are mainly used in the UK to haul a large number of tools, items and even people. All of these are considered work related since the drivers are contractors who use their vans as a mobile tool shop, drivers for hire carrying people and couriers who are hire for reward operators. This includes the person that drives themselves to work in their van which is classified as work related.

The only vans that can be classified as social and pleasure vehicles are those that are only used for holiday excursions.

What is the cheapest van insurance company?

To find the cheapest van insurance you will need to start with a van in group 1. Group 1 includes small vans. Example from this group include Citroen Berlingo van, Ford Fiesta Van, Fiat Fiorino, Vauxhall Corsa and the Peugeot Partner van.

How are the risks accessed for insuring each van?

Insurance firms calculate the risks associated with covering a van by calculating many factors. These factors include the following;

  • Age and experience of the driver. Drivers over the age of 25 are preferred by insurance companies.
  • The make and model of the van to be covered taking into account the age of the van, the size and the engine displacement.
  • The van insurance groups are listed on this link.
  • The market value of the van.
  • The modified van insurance takes into account all the special changes that have been made to the van. This will include racks in the interior and exterior along with any engine modification that was not present when the van rolled off the assembly line.
  • Where the van will be used, urban or rural areas.
  • Where the van will be stored when not in use. The preferred location will be a located garage or shed. If the van is parked on the street, the premium will be higher.

The level of insurance is a big factor in the cost of the insurance premium. The better the cover, the higher the premium.

  • Third Party Only is the minimum level of cover required by UK law and is usually the lowest cost, but not always.
  • Third Party Fire and Theft is a step above Third Party alone.
  • Comprehensive is the most complete coverage and generally has the highest premium.

What is the cheapest van insurance company?

What are the different types of commercial van insurance?

The type of work the van is going to be used for is classified and effects the cost of the insurance premium.

The courier van insurance is for when a van is used to deliver items for a third party as a hire for reward type of classification.

The tradesman uses their van as a mobile workshop and contains tools and supplies.

The driver for reward and hire as in a taxi or rideshare service.

What are the add-ons that can be placed in the policy for complete coverage?

  • Carriage of own goods for the tradesman.
  • Carry good for hire and reward as with courier vans.
  • Haulage cover for when the van is used to move furniture or like items.
  • Van breakdown cover for assistance on the road when a problem arises.
  • Public Liability cover for protection against lawsuits.

What is the cost of van insurance in the UK has many factors. The two factors that can save you money in your premium is if your business is advertised on the side of the van making it unique which is a deterrent for thieves to target your van along with parking the van in a secure location when not in use.

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