If you are a business owner in the UK then you’re no doubt aware just how expensive van insurance is these days. It’s just too much.
However, owning a van or numerous vans is often necessary to keep your business running smoothly, whether you need to make deliveries, visit different sites, or simply go to meetings, a van is the number one choice for many people.
In my opinion, I think that many van insurance companies have been getting a bit too complacent just recently, which has resulted in many quotes being twice as much as car insurance quotes.
While van insurance is always going to be more expensive that doesn’t mean there isn’t anything you can do.
Many of the top motoring experts in the UK say you should always compare van insurance, and I agree completely. You can easily do this with a comparison website and get more than enough quotes in minutes.
The good news is that many of these experts have been talking to the media recently about ways business owners can save money on van insurance. Make sure you pay attention to the following tips.
Insuring young van drivers
If you are a small to medium sized business who employs people under the age of 25, then you may have found your van insurance becoming more expensive recently. The simple reason is that young drivers are seen as more of a risk by the insurance companies, so they make their quotes according to this.
Fortunately, there are ways to save money on van insurance for young drivers. One of the best ways according to experts, is to put the drivers on a Pass Plus course that usually costs a few hundred pounds and takes around 6 hours to complete. However, once they have passed the course then expect to save around 20% on the van insurance policy for that driver.
Buying a fleet policy
Another great tip is to buy your van insurance in bulk rather than numerous single policies. This is known as a fleet policy, and many insurance companies are only too pleased to offer you this kind of deal because it means they get all of your business.
The main benefit of buying your van insurance in this way is that you often get discounts, especially when you shop around and speak to different companies.
Telematics and GPS
I’ve talked a lot about telematics and similar technology on this blog, and for good reason, as many experts agree this kind of thing is the future.
This is why business owners who install telematics and GPS tracking devices are often rewarded with cheaper van insurance, because it allows them to track the driving style of their drivers, and if the drivers obey the rules of the road then insurance companies are more confident about giving you better quotes.