Van drivers look to reduce costs across the UK

Cheap van insurance experts say that van drivers across the length and breadth of the UK are in search of the best ways to reduce their operating costs, with many of these drivers looking to compare van insurance in an effort to find the most affordable rates.

Commercial van insurance policy holders are much like their counterparts with cover for their personal cars – cutting back on day-to-day outgoings is usually in the forefront of their mind, especially since petrol prices continue their inexorable climb skyward.  The first week of this month saw many people panic buying fuel due to fears of a tanker worker strike, leading oil firms to raise their prices in order to capitalise on the high levels of demand, leaving many drivers scrambling to find the best way to cut their motoring costs.

While customers have little to no control over the price of petrol, industry experts say that you can switch insurance providers if you’re looking for a way to save money.  Insurers remain competitive, and many will offer their best rates in order to entice new customers, but this results in loyal motorists getting the short end of the stick at renewal time; if you’ve recently received your renewal paperwork in the post and are disgusted at your new annual insurance premium, waste no time in looking for an alternative provider, experts say.

There are other ways to offset the cost of fuel for van drivers in addition to selecting a more affordable insurer.  Experts say that you should check your tyre pressure regularly, as driving with tyres that are low can reduce your van’s fuel efficiency.

Changing details on your van insurance could cost you

Experts say that changing the details on your van insurance policy could cost you, as a fee of as much as £30 could be charged to you independent of any changes to your premium.

Cheap insurance providers say that such fees are only used to cover the administrative costs of making changes to a customer’s policy.  However, with different commercial van insurance providers charging various fees, evidence seems to say that insurers simply charge their customers whatever they feel they can get away with charging.

Policyholders wanting to change their name after an event such as marriage would be able to do so for free if they are insured with many providers.  However, there are some, such as Swiftcover, that would charge a £30 fee to update your details.

Another fly in the ointment with Swiftcover is that the provider does not charge customers for changing their personal details via the insurer’s website.  Industry experts suggest that the company feels the time spent by a call centre representative making the changes – which could not possibly take more than a few minutes at most – is worth £30; however, you would be hard pressed to find a call centre staff worker paid as much as £30 an hour, much less £30 for every five-minute call they handle, and with the high stress of working at a call centre while countless disgruntled policy holders ring you up for hours on end, £30 an hour is not nearly enough to pay for the therapy needed after working such a position for any length of time.

Van drivers stretched to limit by monthly running costs

Van drivers and van insurance policy holders have been stretched to the absolute limit lately by monthly running costs with diesel prices at record high and the price of a litre of petrol rising higher than 140p.

Many van drivers have tried to make savings wherever they can, leading some to attempt to offset the costs of fuel by looking for cheap van insurance quotes.  Many have attempted to compare van insurance by using comparison sites in order to find some respite, especially since diesel is now 146.72p a litre, a record high, and petrol has risen to 140.2p, with industry insiders stating that these price increases are unlikely to abate any time soon.

One industry expert and an insurance partnerships director for a major comparison site, David Jackson, commented on the fuel increases, stating that there may be little that drivers can do to actually save money on fuel.  However, there are many other ways that have the potential for reducing overall driving costs and that could act to offset the increases in fuel prices, such as using a comparison site in order to find the best dealss.

Mr Jackson said that taking the time to compare rates could lead to discovering a less expensive alternative to insurance cover.  Switching providers could lead to substantial savings, which would leave more cash left over to pay at the pump with less angst and terror.

Most comparison sites specialise in much more than just van insurance, offering their customers a simplified and quick way to find the best deal on several financial products.  Many of these websites can also offer comparisons for utilities for the household, such as digital TV, broadband, phone, gas, and electricity as well.

Buy new over used, experts say, to save on motoring costs

With car insurance rates and fuel prices going through the roof, industry experts have urged van owners to purchase new vehicles instead of used ones to save on motoring costs.

According to the newest emissions report from the Society of Motor Manufacturers and Traders, newly-made vehicles are 18 per cent more fuel efficient than the average used vehicle, leading to less money spent at the pump and more available to buy van insurance.  This spells even more good news for drivers looking to replace their personal or commercial vehicles, especially since the new Plug-In Car Van Grant from the government has been offering discounts to businesses and drivers that plan to purchase lower emission vehicles in order to reduce carbon emissions in the UK.

The report discovered that nearly 47 per cent of new vehicles are currently meeting or exceeding the 130g/km CO2 emissions target set in place by the European Union for 2015.  The group has thus urged consumers to purchase new cars over used ones, with the SMMT’s chief executive, Paul Everitt, stating that the motor industry in the UK has been realising its responsibilities to reduce carbon emissions, and the opportunities this brings to the overall motoring industry in the form of increased fuel efficiency will benefit the country economically as well as environmentally, as drivers will have more cash left over to spend on other things, such as household bills or even possibly a night out, instead of having to fill their petrol tanks more often.

Social driving is bad news, insurer warns

Social driving can lead to the kinds of distractions that drive up car insurance rates to unbearable levels, one insurer recently warned.

While ‘social driving’ may make you think of chatting up your mates sitting in the passenger seats whilst on the road, the truth is that it’s much more dangerous than that, according to a provider of van insurance quotes and fleet insurance cover.  The insurer’s research discovered that as many as 37 per cent of drivers in the UK can’t stand to ignore alerts from their mobile phones while they’re driving and will take their eyes off the road to examine their smart phones, and even worse is that anywhere from 8 per cent to 9 per cent of cheap car insurance customers will actively use their phones  to send text messages or use smart phone apps whilst behind the wheel.

Research has also shown that the use of smart phones to engage in social networking while driving is more dangerous than drink driving or getting behind the wheel while under the affects of cannabis.  Reaction times can be slowed by as much as 37 per cent while social networking, research studies have found.

It’s not just dashing off a quick text message that motorists are doing, either, as some drivers admitted in the research study that they have not only used their smart phones to snap digital photos while driving but then attaching them to a message through social messaging app Twitter, despite the fact that engaging in such activity could prove to be a fatal distraction.

Government backs investment scheme, firms have more cash

Businesses may have access to more cash in order to buy more stock or increase their level of commercial van insurance cover, thanks to a new scheme backed by the government promoting more affordable lending to small and medium sized businesses, experts say.

Many owners of small businesses may be able to consider expanding their options in regards to insurance cover related to their business activities, now that they have better access to finance.  As a result, any firm that has been holding off on increasing its fleet of commercial trucks or vans because thy could not afford to purchase expanded van insurance can now do so, which will lead to their investment being properly protected against harm.

The Government’s recent confirmation that the nation’s lenders will be offering loans discounted by 1 percentage point from their standard rates to SMEs under the new National Loan Guarantee Scheme has been met with relief by businesses that have struggled to gain access to credit since the global economic downturn.  Around £5 billion in borrowing guaranteed by the government has already been made available, with the scheme having a final target of £20 billion over a period of two years.

Businesses that are taking advantage of these new, cheaper loans guaranteed by the Government are taking precautions to protect their investments, especially when the cash borrowed is to go towards increasing a fleet of motor vehicles.  With the cost of car insurance rising ever higher, it would be prohibitively expensive to purchase cover without the newly-increased access to credit, experts say.

Van insurance broker sees increase in minivan quotes

One leading van insurance broker has recently said that the number of customers looking for minivan quotes has increased by 9 per cent as an increasing number of van drivers are on the look out for vehicles that will be more fuel efficient than their current vehicles.

Commercial van insurance broker, Swinton Vans, has found a marked increase in activity in the minivan market, thought to be caused by the fuel duty increases scheduled to go into effect this summer as a result of the Government’s budget for 2012.  Rising fuel costs and a lack of cheap insurance has been a one-two punch for many drivers, leading a significant percentage of motorists to look into picking vehicles that are both less expensive to insure and that burn petrol more efficiently.

Minivans have fallen out of popularity since the 1960s, where they enjoyed a brief stint as the vehicle of choice for the Armed Forces, the police, the Post Office, and also small business owners.  However, the minivan may be making a comeback thanks to a strong appearance at last month’s Geneva Motor Show, where BMW’s new Mini Clubvan Concept was showcased.

More and more small businesses are making use of minivans today, with taxi firms, couriers, and home caterers all using the modestly-sized vehicles for urban commercial use.  The average minivan is vastly more fuel efficient than transit vans, with the Mini Clubvan running at an astounding 72.4 miles per gallon, which will be sure to make it an industry favourite when it comes to cutting costs.

Spending too much on insurance? Consider telematics

If you’re tired of ineffectually combing through a multitude of van insurance quotes looking for the most affordable options, industry experts say that you may want to turn to telematics technology, a new movement that has been growing in the UK that can provide seriously cheap insurance.

Telematics is an offshoot of satnav technology, where your vehicle is tracked by satellite in order to provide maps and driving directions.  However, the technology has progressed to a point where the behaviour of drivers can be tracked much more closely than simply location, and all it takes is having your vehicle fitted with a little ‘black box,’ allowing it to gather data on your motoring habits, and then letting it send off daily reports to your insurer – with the results being cheaper rates if you can prove you drive responsibly.

The technology has been growing in popularity in the personal car insurance market, especially among younger drivers who have traditionally been subjected to eye watering insurance rates.  However, there are commercial van insurance providers that are also offering telematics-based policies, and for owners that rely on a fleet of vans to conduct business, cutting the costs of cover can lead to increased revenue and business growth.

Commercial van owners who employ drivers can also benefit from knowing that their employees are actively comporting themselves with caution and care behind the wheel, since the technology records how aggressively drivers take turns and whether or not the accelerate or brake in a safe, responsible manner.

Comparison site adds two new providers to its car insurance panel

One of the major comparison sites in the UK recently announced that two broking providers have recently joined its car insurance panel.

Sheilas’ Wheels Broker and esure broker, the broking arms of two brands of cheap insurance providers Sheilas’ Wheels and esure respectively, were both launched in November of last year in order to provide cover to a larger range of motorists in the UK.  Now, both providers are bringing their insurance panels to the comparison site, thus allowing the website to increase the number of options available to its prospective customers.

Both panels have a wide range of insurers selected with an eye towards not just providing personal car insurance but more specialised cover such as cheap van insurance as well.  Consumers will also benefit from call centres based in the UK and staffed around the clock, as well as conveniently being able to manage the details of their cover over the internet – and any insurer selected from Sheilas’ Wheels Broker’s panel will even offer up to £300 worth of handbag cover as free to anyone taking out comprehensive cover.

The comparison site’s insurance partnerships director, David Jackson, said that he was pleased that both brokers had joined the website’s panel.  The two new partnerships will enable the comparison site’s customers to have an even wider range of choices and possibly make even more savings than ever before, Mr Jackson added.

Comparison websites are great sources for savvy customers looking to save some cash in the current uncertain economic landscape, experts say.

Can telematics save commercial van insurance customers?

While the personal car insurance industry has been all a-flutter with the advent of telematics-based insurance policies as a source of less expensive rates, fleet insurance experts say that commercial van insurance customers may also be able to benefit from the premium price reductions that go along with using a satnav-linked black box.

Commercial insurers for fleets large and small have begun to adopt programmes for gaining access into the kind of rich data a telematics insurance policy can deliver to them.  Loss ratios have been promising when telematics systems have been employed, experts say, with both the severity and frequency of accidents undergoing a decline.

Telematics providers have been partnering with fleet and van insurance companies, unlike in the personal insurance sector, where insurers develop their own devices in house.  However, commercial insurers are committed to working hand-in-glove with their client in order to minimise exposures and loss costs.

The industry is growing in leaps and bounds, insiders say, with businesses that are looking to encourage economic growth in the wake of the downturn leaping at the chance to regain some lost ground.  Fleet owners can maintain control of their vehicles while keeping an eye on costs, and reduced premium pricing dovetails with the other by-products of more careful driving, such as increased safety and improved fuel efficiency.

There are numerous applications for the technology, as the locations of drivers can be tracked by fleet owners interested in acting as their own risk managers.  The habits of drivers can also be monitored, in order to eliminate such behaviour has unsafe acceleration and hard-braking and also reduce the impact of unnecessary wear on fleet vehicles.

Step 1

Complete your quick and easy quote

Step 2

Reveal your van insurance policies

Step 3

Pick your favourite and get instant cover