April 23, 2014

Key Considerations When Finding Suitable Van Insurance


If you’ve recently purchased a van or you’re trying to find a better deal on your van insurance, there are many things to consider if you want to get the right level of cover for the best possible price. Without further ado, here are some key considerations when looking for van insurance.

Business cover

The level of insurance you need will vary depending on how you intend to use your van. If you wish to use your vehicle for business purposes, you will need to get business cover. If you need to make a claim and you’ve not got the proper cover, your policy will be invalid. It’s therefore highly important that you tell insurers exactly how to use your vehicle.

Repairs

If you do intend to use your vehicle for business purposes, getting an insurance policy that will provide you with a replacement vehicle or offer quick repairs will ensure that your work is not interrupted by any sort of misfortune.

Changes to the law

With recent changes to the law that force insurers to treat both genders as equal, prices are now the same for everyone. Traditionally, men have been charged more than women. However, prices for men have dropped slightly due to this legislation, meaning you should definitely check how much a new policy will cost.

If your renewal is still a few months away, it may be worth cancelling early (bear in mind you may have to pay leaving fees and this could impact on your No Claim Discount).

Contents

For those of you who rely on using expensive equipment for work purposes, you’ll no doubt want the contents of your vehicle to be covered. Thieves target business vehicles for the goods they know are stored in the vehicle. Not having adequate insurance could therefore leave you completely unprotected and liable to cover the losses yourself.

Payment methods

In order to get the best possible price on your van insurance, be sure that you pay the cost in full. Monthly insurance payments are deceivingly expensive, as insurers lend you the full cost and make you repay the interest on a monthly basis, costing you significantly more than had you paid outright. As with all contracts, read the small print before accepting any offer.

Hunt around

Finding the right insurance is all about finding the appropriate level of cover, for the right price. In order to find cheap van insurance you need to do some thorough hunting and research. Pick up the phone to insurance companies to discuss the best deals available. This way you can compare insurance policies on a like-for-like basis and ensure you get a policy that suits you.