Comparing Van Insurance Quotes
Do you have a small van or a large one? Do you use it for commercial purposes or for pleasure? Owning a van makes it mandatory for you to purchase a van insurance policy, as per the UK law unless, however, you have obtained a SORN (Statutory Off-Road Notification) for your vehicle.
With rising prices of fuel, along with high costs of living, buying a vehicle insurance policy might seem to burn a hole in the pocket of several drivers. But, they can still manage to save money by comparing various insurance policies and opting for the one that provides greater cover at reasonable premiums. Select the best insurance provider by just filling your details once to compare the market, and you could receive up to 60 quotes back from our panel of UK insurance providers which includes insurers such as Gladiator, More Th>n and Direct Choice.
Types of van insurance policies
Purchasing a vehicle insurance policy is important, especially for those whose livelihood depends on the vehicle. They can choose an appropriate policy by studying the 3 types available.
● Comprehensive van insurance
This policy provides cover for the van itself, its driver along with any property, thus providing full coverage. Therefore this type of insurance might seem costly, but upon comparison a cheap one can be found too. Some comprehensive policies also provide additional coverage for legal matters or protection against breakdown of van.
● Third Party insurance
This type of cover insures the costs incurred while fixing or replacing parts of the vehicle owned by the policyholder and is payed to other parties for the damages. This policy is the most preferred owing to its low cost and is recommended for those who have low budget. However, it is advisable to look for a policy with greater coverage as this policy provides basic insurance.
● Third Party, fire and theft
This type is a low cost policy that provides basic third party insurance along with covering damages incurred on the vehicle due to fire or theft.
● Choosing an appropriate policy
Comparing various policy options online is the best way to zero in on the appropriate policy. Online comparison also allows filling out individual circumstances and details to get desired results for comparison. For instance, if a driver has an earlier conviction, or he is a young driver, they can view policies online taking into account their situation.
A policy excess is the first part of the claim that needs to be paid by a policyholder and is variable. A lower van excess will result in higher premium.
Mode of payment for van insurance policy
Most drivers or policyholders like to break up their insurance premium payment on a monthly basis, but premium is lower if paid annually or when making an upfront payment. Making a deposit initially and then paying the remaining over the period of a few months can be cheaper too. Van owners can even choose a no deposit policy and pay the premium over the duration of the cover.
Scouting for further low-cost insurance policy
For many van users, it might be their second vehicle or the one that they do not use for pleasure and have another vehicle where they have not made a claim yet. The number of years accumulated as a no-claim on the other vehicle can be used for a new van insurance policy or transferred to an existing one. There might even be the option of protecting the discount for no-claim to be used during policy renewal even if the previous year the policyholder has met with an accident.
Finalizing a van insurance policy
Before sealing the deal on a particular policy, it is recommended to read all terms and conditions. You should also read other details to be aware of what you have signed up for.