Insuring a Fleet of Vans

Many businesses rely on the use of vans for day-to-day operations. If you own a fleet of vans then you’ll want to take any steps you can to keep insurance costs to a minimum.

One of the best ways to cut down costs when you have multiple vans to insure is by getting a van fleet insurance policy. This enables you to insure all your vans together, even if they’re not the same size, model, value etc.

Below are some of the most important things you need to know about van fleet insurance.

Factors that will affect cost

  • Value of the vans – The value of the vans in your fleet will certainly have an impact on the cost of your insurance.
  • Age of named drivers – When hiring drivers, you should always hire over 25, and ideally over 30. This is because insurance costs lower significantly for more experienced drivers.
  • Security – How secure your vans are will certainly impact the cost of your van fleet insurance. As well as making the vans themselves secure, you should also secure your premises by installing CCTV, security lights and perimeter security measures such as spikes or barbed wire.

Saving money

  • Increase excess – Increasing your excess will certainly help to lower the cost of your premium. How much you increase your excess by will depend on how much of a risk you want to take since you will need to pay the extra eventually if you need to make a claim.
  • Make your vans secure – Another way to lower the cost of your insurance is to make your vans as secure as possible. Most modern vans already come with an alarm and immobiliser but you needn’t stop there. You should also think about getting GPS trackers installed in your vans, which will make them much easier to recover if stolen.
  • Pay for the policy annually – Paying for your policy annually rather than monthly is another very reliable way to make a saving on van fleet insurance, although you will obviously end up paying more at the beginning.
  • Get quotes from different providers – Getting quotes from multiple providers is a very obvious way to save money on insurance. It’s also very easy to do thanks to the many insurance comparison sites that now exist.