Published on Friday 13 January 2017 in Van News
In the face of rising insurance premiums (the average premium for vans is nudging £1,600), Vanarama takes a look at why comparing all the deals out there is more important than ever.
You hear the same thing every year – "Shop around, find the deals!" – and everyone always has the best intentions of doing it, but now more than ever shopping around for the best prices on van insurance is a vital job on to-do lists.
Figures show that shopping around can reduce car insurance premiums by around £200, and maybe more when it comes to vans. Imagine what you could do with the extra cash!
Rising averages across the board
Market research experts Consumer Intelligence have just released a heap of new data that shows insurance premiums are surging up. For a van, the average premium is up 11.7% at around £1,591, double that of cars, which sits at £788.
These figures are slightly skewed by the fact that insurance premium tax rose across 2015 and was raised again in the March 2016 budget to 10% (the Autumn Statement just gone will see it rise even more in June 2017 to 12%).
Vanarama will offer you premium stability
So, the phrase of the day is quite clearly "shop around". Insurance is a necessary investment – not only is there the van to protect, but your tools, your possessions and your business. The rises in price will mean that companies able to offer a snapshot of the insurance premiums on offer will receive a rise in traffic.
With that in mind, you'll be excited to hear that Vanarama has joined the ranks of insurance providers, and our goal is to make sure our customers can get a clear-as-day deal that's perfect for their business through us. But that's not all, thanks to our soon-to-be-launched multi-year policy, these huge annual rises will be a thing of the past.
You will be able to lease a van for three years, for example, and get a multi-year insurance policy with a premium that barely changes for each of the three years! Sound too good to be true? Talk to the team and find out how it works, just call 01442 838173*.
Comparing the deals
We even have a price comparison platform available that will let you compare multiple policies in one go – head here to have a look. Being able to take in all the prices available will give you the peace of mind that you're getting the best deal for you.
In the end, the protection insurance provides is worth every penny, but it shouldn't have to cost the world. So, what are you waiting for? Get in touch today.
*"Premium stability" does not apply to changes in Insurance Premium Tax rates.**Market data sourced from Consumer Intelligence and GoCompare.