Wondering which place has the most expensive van insurance in the UK? A recent survey has now given us the answer, and it isn’t surprising.
Before I reveal the answer, and to give you some frame of reference, let me tell you what the average cost of van insurance is right now in the UK…£1500 approximately.
Not exactly cheap is it, but van drivers have to pay those kind of figures because as we all know, it is a legal requirement to insure your van. Ignore that and you could find yourself with a fine, points on your license, a driving ban, and even in prison.
So where is the most expensive van insurance? East London to be exact, where the survey found the average price to be nearly £2000. Yes you read that right.
Drivers in East London are paying, on average, £2000 for insurance, and if reports are true, this could soon become even more expensive once new compensation laws are introduced by the government.
Van crime is becoming more of a problem of course, and London is one of those areas where van break-ins are a daily occurrence. Sure, this kind of crime can happen anywhere (and it does), it’s just that London seems to get it more.
There are many factors that determine how much you are going to pay for van insurance, such as age and experience of the driver, make and model of the van, where it is parked overnight…and so on.
It goes without saying that if you are a young driver in East London who wants van insurance then you are probably going to be paying well over £2000. Maybe even over £3000.
What can you do to get van insurance that isn’t quite as expensive? My advice is simple…use a comparison website. It really is all you have to do.
Most van drivers don’t do this however, and instead just stick with the same company year after year, or they try and compare by only going to a few different companies.
When you use a comparison website, it automatically sends your details to over 100 companies, so as you can imagine, it’s easy to get a cheap quote…even if you live in East London or somewhere else with expensive van insurance.
Don’t just take my word for it. Give it a try for yourself. It only takes around 3 minutes to enter some basic details and then you start getting quotes right away.