What could affect the cost of my van insurance?
The cost of your commercial van insurance is influenced by a number of factors. The age and driving history of the employees using the van will have a marked effect on your premium. Statistically, younger drivers are more likely to get into an accident, so it might be an good idea to ensure only drivers over the age of 25 can drive company vehicles.
The way the vehicle is driven is another factor that contributes to cost. Telematics, or black box insurance, is a good way to let your broker know that you are a safe and trustworthy driver. A black box will record data about your driving, which a broker can use to calculate a more suitable premium price.
Storing and securing your van properly will also help to keep costs down as there will be a decreased risk of theft or vandalism. Take all necessary precautions to ensure company vehicles are kept safe, i.e., locked in a garage, kept in a separate place from the car keys, making use of a steering wheel lock, using an alarm system.