VAN INSURANCE

Why Does Van Insurance Cost So Much
These are some of the things which an insurance company will take in to account when working out the price of your van insurance and why some people are more expensive than others.

• Sex. Females although apparently they have about the same if not more accidents than males, they're claims are much smaller. Usually blokes will have their mates in a vehicle and an accident often results in injuries to passengers and liability claims is what puts the insurance up for males, which is a main reason women can find cheaper cover, although on vans this isn't so much the case.
• Driver Age. Young drivers and learner drivers are less experienced and are therefore considered more likely to be involved in an accident. Discounts will be given the older you get, but once you get to around 70+ your discounts will start to decrease. As you get older your reactions often start to slow and stats show an increase in accidents arises in this age group.
• Security. If the vehicle has a standard alarm or immobiliser, insurance companies will not normally give a discount for this as it's normally included within the group of the car. If it has an aftermarket 'Thatcham' approved system then additional discounts can often be given. If the vehicle is kept in a locked garage or even off road then additional discounts can given.
• Where You Live. Being based in Cornwall we have one of the lowest rated areas in the country because of the low traffic density and lower theft risk. Larger cities are more expensive because the likeliness of having an accident is greater and normally a higher crime rate. Move out to the country to reduce your premium.
• Your History. If you have been involved in an accident or made a previous claim, fault or non fault, your insurers must know, stats show persons who have an accident are more likely to be involved in another one within 3 years. Motoring convictions will also increase your premium, even just one speeding conviction, so drive steadily.
• Vans & Commercial Vehicles. There are currently a lot less van insurers than there are for cars. Car insurance is much more competitive as there are more cars than vans on the road, so there is more space for more insurers to take a share of the market. Vans are also used at more unsociable times, they tend not to be driven as carefully as private cars, and they have a large rate of being broken in to. Having said this the claims rate is no higher than on private cars.