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What affects the cost of my van insurance premium?

By: Nelle Reaver

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The size of your van can affect your premium as smaller vans are often considered easier to handle than larger models. Lighter weight vans are also considered less of an insurance risk than heavy weight vans. So if you're looking for a new van, whether for business or private use, it pays to get a model that's the smallest weight and size to capably do the job required.

Your location is another factor. Statistically speaking, more van accidents occur in busy urban areas than anywhere else. Certain environments may put your van at an increased risk of accident, and this will increase the cost of your insurance.

If the majority of your business is carried out within your local region, this can act in your favour. Many insurers will decrease premium costs to those who agree to a limited usage term. This means that you agree to use your van only within a specified radius of your home or work address ? usually in the region of 50 miles or so.

A further consideration is where you choose to park your van when it is not in use. Insurers view van owners who park their vehicles off road or in securely locked garages or storage facilities more favourably, as the risk of theft or damage is reduced. So it could be worthwhile investing in a garage space.

Insurers also need to know who will be driving your vehicle. The age and road experience of the driver or drivers can have a large bearing on the overall premium rate. You'll find that the fewer drivers named on the policy, the cheaper your rate will be, although adding someone to your policy who has a good deal of experience behind the wheel of a similar vehicle can be beneficial.

'Any driver' policies can be very convenient, especially when your van is being used for business purposes, but you will pay extra for this convenience. If possible, you should try to restrict the number of drivers on the policy, ideally just to the owner or named individuals, if you want to obtain the cheapest possible quote.

Something that can help to reduce your costs is your no claims bonus. A no claims bonus transferred from a previous van is great, but we've also found many van insurance companies like Auto Direct, who are happy to transfer a no claims bonus from a previous car insurance policy too. Visit their site for a quote on van insurance.

Bear these factors mind when you go out in search of van insurance, and they will help you to determine the most realistic insurance cover price for your particular van and circumstances.

Article Source: http://depositarticles.com/

Auto Direct is so sure of its promise that if you insure through them and then find a cheaper van insurance quote for an equivalent policy (and provide written proof within two days of purchase), you may cancel and receive a full refund subject to no claims being made in that time.

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