Van registrations rise, insurers brace for new customers

Insurance providers are bracing for an influx of new customers after it was revealed that the number of van registrations recently increased.

The Society for Motor Manufacturers and Traders released their most recent figures, reporting that total van registration figures have gone up by 6.7 per cent in comparison to last year. The 2t and under category increased even higher, with an impressive 11.6 per cent rise in total registrations as of May 2012.

Commercial van insurance providers are using the information to prepare for the influx of new customers on the search for van insurance. Comparison sites are also girding their loins, as the current state of the UK’s economy has led numerous Brits to become much more diligent in searching out the best deals in an effort to save money.

The cost of motoring has been increasing steadily over the past few years, whether it be from insurance rate increases or rising petrol costs, and drivers have been looking for any way to save that they can. Other economic factors, such as high unemployment, have attributed to consumers looking for ways to make their money stretch even further, leading to comparison websites becoming wildly popular, as these websites offer Brits a way to select financial products that are the best value for money.

An insurance director at a major comparison site, Simon McCulloch, commented on the news, stating that insurance quote aggregration sites are a valuable resource for savvy consumers, as you’ll be hard-pressed to find more competitive rates anywhere else. Many comparison sites offer not just savings on car or van insurance but a wide range of financial products, such as credit cards and life insurance, and many also offer comparison services for utilities such as gas and electricity as well.

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