Vans are a shortened version of caravan. Both vans and caravans are used to transport people and goods from one place to another. Vans are used regularly whereas caravans are used mostly for touring. Insurance is provided based on the purpose for which the thing is used. Vans also have varied purposes under the category of transportation of goods depending upon the company that uses it. Courier companies use vans for transportation of others’ goods whereas other companies use it for their own transportation. So there are different van insurances from which we can get one depending upon the purposes for which the vans are used.
Factually speaking, van insurance is calculated based on the van insurance policy that you have taken and the insurance company. But there are a few factors that are considered by all the insurers while calculating Cheap Van Insurance policy premium.
Basis of van insurance policy premium calculation:
- Van details
- Van driver details
Make, model, engine size, security, mileage, value of van.
Driver age, address of driver, driving records, claims, driving convictions.
If you have got a newly launched van in the market, it would have expensive features in it. So the cost of repairs and replacement will be high. This is the reason that the cost of van insurance for new vans would be relatively high than the cost of older vans.
Security of the van is known by the locks that the van has and the alarms that is fit in it. If the van has multiple locks and an alarm then the insured has already taken care of the van. Breaking in would be difficult and alarms will make it known to people if anyone tries to break in the van. Hence this will reduce the work of the van being stolen and less prone to damage and will reduce the cost of van insurance premium. The place where the van is parked at night is another thing will be looked into. If it is a secure area and a garage the van insurance premium will be low otherwise it will be relatively high.
Mileage of van is considered if it is standard van insurance. In courier van insurance the mileage is not considered much by most of the insurers.
Age of the drivers matters in van insurance because van driver is the one who has got the steering of the van and of van insurance in his hand. Compare Van Insurance at insurancevan.co.uk to get best van insurance premium today.