You must ensure that you have sufficient protection when driving a vehicle on roads. You need to be able to cover the driver, the van, and all your belongings when you drive a van.
When trying to reduce your van insurance, the most important thing to consider is what type of vehicle you drive. There will be a difference in the cost of coverage for different years and models. If you’re unsure about the advertised insurance level, it is advisable to speak with a van insurance broker that specializes in this type. They can give you advice on which vehicle you should buy to lower your annual premium.
Selecting your drivers is a crucial step. Your premiums could be significantly reduced or increased by your drivers. If you have more than one driver, you should have all of them over 25 with clean driving licenses. Brokers consider younger drivers a risk, and your premium will be increased. The same goes for those with points or convictions. To keep your costs down and to stay safe, you should look for clean licenses and licenses that are over twenty-five.
Your van insurance broker can help you determine the best security measures that you can implement. Your premium can be reduced by having a good alarm system, an immobilizer system, and even a GPS tracker. Your broker will appreciate you proving that your vehicle is safe and secure. This will help lower your premium.
You can also lower your van insurance by considering voluntary excess. Many brokers will allow you to reduce your premium but still pay more if you have to file a claim. If you are an established business and have not had to file a claim, this is a great option. You may not be able to afford to cancel your coverage, but voluntary excess could help you reduce your annual expenses while still ensuring that you have the security and protection you need.
Always shop around. Do not choose the first van insurance broker that you find. You should get at least three quotes. This will allow you to compare, review and make changes to each option. It also allows you to research the company and ensure they have a quick claims process and excellent customer service. Companies that offer flexibility and allow you to upgrade and change your vehicles whenever you like, and maybe even add another vehicle to your policy as your business grows are important.
You should also make sure you check your policy every year when it is up for renewal to see if there are better offers. Do not assume that your van insurance broker will give you the best deal. You will often be amazed at how much you can find cheaper van insurance.
Remember to always use your no-claims bonus as a bargaining instrument. No matter if you’re just starting your business and need coverage for your vehicles, or if you’ve been in business for a while. Your broker may consider you a low-risk customer if there are no claims on your business or private insurance. This can reduce the annual premium.
