When you get a van insurance quote, two of the details being considered are your age and driving experience. Age and experience are a big factor in the price of your premium. Typically, van insurance premiums for young drivers tend to be on the higher side. This is because young drivers are statistically more likely to be involved in an accident.
Why young van drivers are seen as a riskier group
Studies have shown that younger van drivers are far more likely to have an accident than older drivers, with the likelihood of having an accident increasing even further if you look at van drivers under the age of 21.
To cover the cost of claims, insurance providers tend to quote higher van insurance premiums for young drivers.
Is it actually possible for a young driver to find cheap van insurance?
Finding a good deal is still possible. One of the easiest ways is to use a comparison site, such as Quote Goat, which maximises your chances of finding a better deal by comparing quotes from a panel of over 40 van insurance providers. As well as this, we have a number of other tips below to help drive down the cost of your cover:
Invest in security
You could look at options such as safe parking for your van, in a garage or elsewhere to prevent theft. If your vehicle is kept in a safer place then you should see your premium lower.
Choose smaller vehicles
Smaller vehicles tend to attract lower insurance premiums. The reason for this is that they are seen as less likely to be in an accident. Vehicles that offer more engine power and speed are typically more likely to be in an accident. Also, these vehicles are more likely to be expensive, costing the insurance provider more money in repair, replacement and other bills. Also, a larger, more expensive vehicle is more likely to come to the attention of car thieves. This could keep insurance premiums lower when you are looking for cover.
Stay away from modifications
If you modify your van you could end up increasing your insurance premium. Ideally, you will have no modifications which will make a big difference for young people wanting to save on their insurance costs.
The level of cover
Similar to car insurance policies, there are three main levels of cover, namely third party only, third party, fire & theft and comprehensive. It is commonly thought that third party only van insurance is always the cheapest as it offers the least level of cover. However this is not always the case, so take the time to look at all three levels of cover when you get a quote. You may be able to benefit from fully comprehensive insurance and save money at the same time.
Drive carefully to build up a no claims bonus
The more careful you are on the roads, the less chance you have of being in an accident. If you can prove you are a careful driver, by not claiming on your insurance, you can expect to see your insurance quotes decreasing in cost each year as insurance providers will see you as a lower risk. This is where your no claims bonus comes into effect, try and build this up and watch the savings roll in year after year.
Practice safe driving
You could boost your driving skills by taking additional courses. At the end of the course, you get a certification. These courses demonstrate that you are less risky and can therefore help to lower your quotes. As a young driver without any driving history for insurance providers to refer to, an advanced driving course can be exactly what you need to demonstrate your ability.
With this type of insurance, your van is fitted with a device that monitors your driving habits and sends the details back to your insurer. Factors such as your mileage, the time of day you drive, speed, acceleration and braking are used to calculate your premium. This could potentially mean more affordable insurance for careful drivers, especially young and new drivers. Find out more about black box van insurance.