4 Ways to Save Money with Van Insurance



If you are looking to save money with van insurance, then it is possible by shopping around, as well as considering how much cover it is that you need in terms of protection, and by looking for the factors that will earn you discounts.

Reducing Cover with Older Vans

If you have owned your van for a while, consider dropping down from comprehensive cover to just third-party. It is not required by law that you have to cover your van against damage, fire, or theft and this will mean less premium to pay if not included.

An older van is less likely to be a theft risk, depending on the contents being carried. This will be reflected in the premium that you will pay. It is cost-effective, therefore, to drive a van that is less likely to be stolen or involved in an accident.

We have to balance reducing insurance costs by buying an older van which will potentially mean higher maintenance costs to bear.

Obtain van insurance quotes from multiple companies

You may be surprised at how much rates can vary from company to company. It pays to shop around!

Not every insurer will, of course, offer van insurance, which is another reason why it might cost more. The others are that vans have greater engine capacities and can be carrying goods of high value. This represents a risk to the van itself being stolen as well as its contents. Insurance companies have to allow for this in their premium calculations.

When obtaining alternative quotations, it is important to make sure that you are receiving like-for-like cover. In other words, are you being given the same excess and the same benefits? Insurance companies will apply higher excesses to keep premiums down. This is because it tends to make drivers safer if they have to contribute to the costs of any claims.

Seek Out an Insurance Company Specialising in Van Insurance

You may be able to get a better deal from an insurance company specialising in van insurance. They are more geared up to offering the best rates to van drivers. They are comparing the histories of their van claims against other van drivers as opposed to car drivers as well for a more accurate reflection of the risk.

Look for Discounts

There are many discounts on offer with a van policy, just like with a car. These include:

  • Multi-vehicle discount
  • Good driver discount
  • No Claims Bonus

It pays to consider insuring a fleet of vans on the same policy rather than trying to insure them individually. This will attract a lower premium overall in exchange for you giving the same insurance company all of your business.

It pays for companies to hire safe drivers, and so to make a point of checking if they have points on their driving licences before hiring them, rather than later when the insurance company needs to be informed about their driving history anyway.

If you are a one-man business, consider whether the no claims bonus from your car insurance can be used on your more expensive van insurance. This is something to check out with your insurance company. You will, of course, want to build up the discount on both policies. Where lost from one or the other, this tactic is worthy of much consideration.


Van insurance can be expensive, but there are ways to save money on it if you follow the above tips that may apply to you or your business. Be careful not to sacrifice the cover that you need for your business’s protection, though. We do not want to put a business in a situation where an unfortunate loss cannot afford to be funded.

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