A Brief Guide to Van Insurance and Some Good News for Van Drivers

By Emma Williams
15-11-2019
The good news for you as a van driver (or prospective van driver) is that currently this category is seeing a continued reduction to insurance premiums. In particular a big drop has been seen for the under-25’s, dropping by 9.3% in the past year and for drivers operating their vans for personal use, premiums were down 3.1% in the last twelve months.


So whether you’re starting up or growing your fleet or just replacing your current van, it looks like now is a good time to get value for money insurance. Even more good news is MW have lots of popular small, medium and large vans and special offers, either give us a ring today on 0116 2599548 (or get a call back at a time to suit you) or follow this link to email or request a no-obligation quote – it’s as simple as that. If you’re unsure about Van Insurance and want to learn more before you make any decisions then read on and we’ll explain the basics…..

Van Insurance works in a similar way to your Car Insurance but must be taken out separately. This is mainly due to the bigger risks involved in driving a van as a consequence of it being used (primarily) for Business or Commercial purposes rather than for Personal reasons. You can insure a van for personal uses if that’s what you require so talk to the insurance company or us to find out more.

Insuring your van is a legal requirement. No matter what type of van it is or what you use it for it must be insured (this is assuming you will be using it on the road). Your cover must be in place all year round, even if your van is parked up in a yard for lengthy periods of time. If this applies to you then you can get a Statutory off-road notice which you will need to contact the DVLA for.

The type of insurance you will need depends on what you want to use your van for, what type of van it is and what you would like from your policy. It works very much like car insurance in that you basically have three types of cover. The main type is Comprehensive Cover which is the one that will cover you best if you are planning to lease your van. In fact in order to have any form of lease or finance agreement you must have fully comprehensive cover. It covers accidental damage to your van, damage to third parties, and damage due to fire or help if your vehicle is stolen. The other two types of cover are Third Party Only and Third Party Fire and Theft. These don’t give you the protection you need for leasing and mainly just cover damage to third parties.

If you need pointing in the right direction for Insurance Cover because you don’t know where to start or simply want another quote for comparison purposes then we can put you in touch with the Insurance Company we use – A-Plan - who specialise in commercial vehicles. to do this contact us here.

Depending on what your van is used for it will fall into different categories of purpose which will define what type of cover you will need:

• Standard Cover is your basic cover and can also include insurance of your belongings kept in your van.

• Courier cover is for you if you are using your van to carry and deliver other peoples goods.

• Goods Cover is for goods-in-transit and is used to cover anything you are carrying in your van. You must tell your insurance company what sort of goods you will be carrying especially if they are valuable or dangerous and you will only be insured for these types of goods. This category includes the carriage of your own goods and tools.

• Pick-up Cover – Pick-ups can come under van insurance if you choose Pick-up Cover. They can’t be covered under car insurance.

If you’ve still got questions then have a read below and see if any of these examples help you (if you are still unsure then give us a call and we can talk you through it):

• Is it cheaper to insure a van than a car? The answer is generally no, a van is more expensive to insure because they are usually larger and have more powerful engines. They are also seen as more at risk of theft because they often contain (valuable) goods.

• What factors affect the price of my van insurance? The monthly cost of your van insurance will depend on which make and model of van you choose. Bigger vans with bigger engines typically attract higher costs. Mainly it depends on what type of work your van is used for and the risks associated. (Drivers age and the area the van will be stored in also have an impact, similar to car insurance).

• Does Signwriting affect my insurance? Signwriting is seen as a modification to your van so, as such must be declared to your Insurance Provider. Some providers will do nothing, but others may increase your premiums due to possible increased repair costs if damaged.

• How do I get the cost of my Van Insurance down? If you are insuring your van for the first time or renewing your insurance, shop around. Don’t settle for the first quote you are given or for the renewal quote from your existing insurance provider.

• One of our funder’s offers insurance incorporated into the lease agreement. Depending on the vehicle and the deal your looking for this can sometimes work out better value than two separate policies. Contact us and ask about Total Care

If you would like to find out more about leasing a van rather than buying one then read our news article entitled ‘Ten Reasons why Leasing a Van is a good Option’ or give us a call on 0116 2599548.