A lot more people are getting vans instead of cars nowadays. Sometimes they are just used for personal use, but a lot of people find them incredibly for their business needs. You might have been confused at first, considering how there are so many optional extras to choose from – such as business usage. You will also want to make sure that you shop around and find the best insurance price that you can.
A lot of people make the mistake of just going with the first offer they receive; however, you should still take a moment to see if there are any other cheap offers. For example, you might find that if you insure your vans with one sure that you get cheaper rates, compared to other companies. So, you should always see what else is out there, before you settle. Don’t just go with the first offer.
Think About the Size of Your Van
If you think that your insurance is too high, then it might be because your van is a lot bigger then you actually need. You need to make sure that your van is suitable for what you need it to do. You don’t want your van to be too small so that you can’t put your equipment in it, and you also don’t want to get too big a van, otherwise it’s just wasted space.
If you don’t need a lot of space, then aim to get a smaller van, as this will lower your van insurance. The reason a smaller van will lower your van insurance is because the engines aren’t as powerful, so insurers normally class them as a lower risk, as you are less likely to cause damage to something. To repeat, if you don’t need a bigger van, then save yourself some pennies by getting a smaller van.
Try to Pay Annually
Although it is more convenient for people to pay monthly, you will actually end up paying more due to interests’ rates. This means that paying monthly will always be more expensive than paying annually. So even though, you are paying a bigger lump sum, you will actually be saving money in the long run.
If you can afford it, you should really consider just paying it all at once, this will help you save money in the long run, which will make your van insurance cheaper. You could easily save £100 or something on your insurance for the year, so it is definitely worthwhile doing. If you can’t pay it all in the first year, try and save your money so that you can pay it the next year.
Before you decide to improve your security. You should first double check with your insurers to see if it makes any difference in price. If it does make a difference in price, then there are a few things that you can add to your van for extra security. For example, alarms and immobilisers might lower the cost of your insurance, as they will help to deter thieves from breaking into your van.
You could also look to adding a tracker to your van, just in case it gets stolen. As this way you’ll be able to easily find it. These are just a few things that can you help lower your van insurance, however, there are a few other things that you can look to doing. If you are still unsure about the different types of insurances though, then you might want to check out this article here that compares coverage levels of commercial auto insurance for more information.