We all love to save money, particularly in a future that looks so bleak and full of uncertainty. Believe it or not, an important area you could be saving money is on your van insurance premium. Acquiring appropriate insurance coverage is crucial and essential as it protects you and your vehicle from unforeseen risk and dangers that might occur. And here in the United Kingdom, it is a mandatory requirement to posses cover before embarking on any journey otherwise you will be breaking the law which is punishable by fines and penalty endorsements on your license.
The bottom-line is, you need to have an insurance policy to be legitimate on the road. And they do not come cheap though as you will soon discover. Finding reasonable and inexpensive offer can take you a long way by saving on your policy, however, you’ll need to know and understand the different method of approach to buying a low-cost van insurance cover.
Here are a few tips and tricks I normally use and I hope they’ll save you money like they did for me.
A – Spend Time Shopping All-around
If you are serious about obtaining cheap van insurance deals others are getting then you must also do what they did to get it- that means shopping around and comparing prices for your self. All you need is just patience and dedication towards finding the cheapest quote that suits your budget.
There are so many insurers out there that you can compare prices with. They range from new insurers to the older ones that have been in the insurance game for ages, as such they can easily adjust their quote engine to suit your requirements.
Otherwise, you might be even better off using comparison websites. With the click of a button you can quickly and easily compare several quotes online- a real-time saver.
B- Reduce Your Premium with a Greater Voluntary Excess
One of the few tricks I see savvy van insurance shoppers use is to increase their level of excess for a much more cheaper premium. You can also save a huge percentage off your insurance by also increasing the level of excess on your policy.
The only risk to this is that, in the even of an accident, you’ll be expected to pay out the excess you have pledged before your vehicle can be repaired by your insurer. And the only advantage is that your premium is reduced by a significant amount overall which is why most people prefer to pay a large excess on their policies.
C – Do not Allow Your Insurance Policy to Lapse
Avoid letting your insurance cover lapse before renewing it If you want to avoid wasting money on your van insurance policy. As this can have a huge impact on your no claims bonus. The moment your policy is due to expire, renew it immediately before it expires to avoid gaps in the policy.
In the event that it lapses, you might be questioned by the insurer when you’re renewing or getting a new policy.
D – Go The Extra Mile- Undertake an Advanced Driving Test
Having an advanced driving test qualifications also enhances your chances for a further rate reduction. Insurers perceive drivers with such qualification lesser risk to other motorist due to their extra driving knowledge and skills acquired from the advanced driving training course they undertake.
As such, their premiums are far lesser than drivers without the advanced training qualifications.
So, if you are inclined towards furthering your driving skills and reducing your insurance premium, then an advanced driving course is what you really need.
Furthermore, armed with all these techniques in hand, you are guaranteed to pay lesser for your van insurance premiums.