RightSure – Van Insurance Guide
Since 1930, Van insurance has been a legal requirement for any individual driving a van. Even driving a van once without the correct insurance could result in a hefty fine and a driving ban on all vehicles. The only instance in which you don’t need to be insured is if your vehicle is registered as off-road, by completing a Statutory Off Road Notice (SORN). Here are some of the most important things to consider when looking for insurance for your van.
How your quote is calculated
There a number of factors that insurers will consider when calculating your van insurance quote. Here are some of the most important factors;
The value of your vehicles will have a direct influence on the cost of your insurance. The higher the price of the vehicles usually means the higher the premium that will be offered by your insurer.
No claims bonus
Your claims history is another important factor which can affect the rate of your premium. The majority of insurance brokers will provide no claims bonuses if you haven’t made a claim for a number of years.
A higher level of security on your van will typically mean a lower insurance premium. Security levels are based on a number of factors such as alarm systems, immobilisers and other anti-theft devices. Where you park your van can also have an effect on its security. For example, if you’re able to park your van in a garage rather than on the street, your security levels will be much higher.
It is imperative that you tell your insurer about any prior driving convictions that you have had. If you fail to provide this information then it could lead to your cover being invalid. If you have had a driving conviction then the likelihood is that your premium will rise, depending on the severity of the offence.
If you have additional drivers on your policy, their driving history will also be reviewed in order to provide a quotation. This means that if the additional driver has a previous driving conviction, or has made a large number of claims in the past, your premium is likely to become much higher.