Just like insuring a car ,van insurance is available with different types of cover which are briefly explained below:
Fully Comprehensive Cover
This type of van insurance tends to offer cover for the driver, the van and any property, given that it is “comprehensive” it is generally thought to be the most expensive type of van insurance policy. However, when you compare van insurance make sure you get a quote for all three types of cover as it can often be cheaper to have fully comprehensive van insurance.
Third Party, Fire and Theft
Typically cheaper than comprehensive and more expensive than third party, Third Party, Fire & Theft cover offers the protection provided by standard third party insurance (details below) as well as cover for theft of the vehicle along with fire damage.
You would expect third party to be the cheapest insurance option, providing basic cover that is legally required in the United Kingdom. It could be a good policy for a low value van or of course if you have a tight budget.
Third Party basically covers the other driver in an incident and no damage to your own vehicle so if you do opt for the cheaper insurance option, make sure you bare in the mind the cost of fixing your own vehicle should the need ever arise.
However we recommend that you also get a quote for fully comprehensive as, although it goes against logic, it can be cheaper to go for fully comprehensive. Given this, it is definitely worth checking the prices for both types.
When you compare van insurance and find a policy you want to buy, this can be paid for in full for the year and in monthly direct debits payments so please be aware of this when trying to decide which cover is best for you.