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It is illegal to drive any vehicle on a public road in Britain that is not taxed, insured and, when over three years old, in possession of a valid MOT certificate. This law applies equally to vans used for business purposes, and indeed, business use must be declared when taking out an insurance policy.
Here are some critical things to know about van insurance:
1. You can choose your policy level.
Most insurers offer a choice of third party only, third party, fire and theft, and fully comprehensive policies, as is typical with their passenger vehicle policies. The cost differential is usually not great enough to warrant scrimping in this area, and experts such as https://cotswoldvancentre.co.uk/buy/used-vans-for-sale/ usually recommend opting for fully comprehensive insurance for business vehicles that will be in regular use.
2. Vans cost more to insure.
Unfortunately, vans are considered high risk to insure, as they are more likely to be targeted by thieves, often containing expensive tools and equipment that could be sold on. They are also larger vehicles that spend more time on the road than the average passenger car, increasing the likelihood of them being involved in an accident.
3. You must declare business use.
If you need your van to do your job, it is a business vehicle and must be declared as such. You will need to declare any sign writing that is on the vehicle and check that your policy will cover the cost of replacing any tools or equipment that could be stolen from the vehicle. You can normally claim the cost of van insurance as an allowable business expense.
4. There are ways of reducing the cost.
By paying your policy in full rather than in instalments and accepting a higher excess, you will benefit from a reduced policy price. You will need to decide whether increasing the excess is worth the cost saving, as if you need to claim, it will cost you more.
Now that you understand van insurance, you can get back to searching for used vans for sale near me.
