Van insurance policies offer the same level of cover as a car insurance policy. It is possible to extend the third party only to include fire and theft cover and also have fully comprehensive cover. What differs is that the van will typically transport goods or contain tools, which are not protected by a standard policy should an accident or theft occur. So, we will look at how a van policy will differ in some ways from a car policy.
For more specifics and to purchase a van policy, you can visit https://www.onesureinsurance.co.uk/van-insurance.
A Need to Insure Separately
Whether or not a van is used for commercial purposes, it will need to be insured as a van. Having a car insurance policy will not insure you for it. It will, instead, need to be insured to operate as a separate and specific vehicle.
Do You Need to Be a Certain Age to be on a Van Insurance Policy?
It is possible to get van insurance as young as 17 but you should bear in mind that some insurers will have minimum age limits. So, this narrows down the choice of companies and can make the insurance more expensive apart from the fact that they are already insuring a young driver, which is in itself more costly. Many policies will insist on drivers being 21 years of age or older. This is the same with companies employing drivers because they are not going to want to pay higher insurance when they can simply employ drivers of an age that is insurer-friendly.
At the other end of the scale, it will cost more to insure a van if you are over a certain age. This is something to check with insurance companies.
What Do You Call a Light Van in Insurance Terms?
An LCV or light commercial vehicle is a term that is frequently used to describe vans. In terms of weights, these are vans weighing 3-5 tonnes (3500kgs). You will want to be insuring a light van if you can because these will be the cheapest types of vans when it comes to insurance. It makes sense not to have a larger van than required for your business. This would not only impact insurance cost but also fuel and the initial cost to buy.
Mostly when you hire a van, it will come with insurance. You will need to check, though, so that you are insured for any damage to it. Also, be aware of the excess you would have to pay. If you are hiring a van from a friend, then you will need to be on their policy to drive it.
The Difference in Cost Between Insuring a Car or Van
Van insurance will normally be more expensive than car insurance. So, it makes sense to only have a van if you use one for commercial purposes. Otherwise, an estate car can prove almost as useful with its longer back and length to transport certain types of goods or tools is brought into play.
There is a reason why a van will cost more to insure. This relates to it needing a bigger engine to power it and the amount of storage capacity it will have. The carrying of cargo that is more likely to be of value increases the risk from an insurance perspective. The possibility of a claim that will cost more is likely to contribute to premium increases for the insured. Insurers will allow for any increased risk within their calculations.
Details Required to Insure Vans
Generally, similar details will be required to purchase insurance as a van with a car. These will include details of your age and location, any medical conditions or motoring convictions, and vehicle details. Then, of course, an occupation which is likely to be the reason why you are insuring a van. Along with this, the class of insurance required will be different because that will now include business use. Although, this can also apply to cars that are involved with work and not just commuting to and from a single place of work.
In conclusion, there are differences between insuring cars and vans in that you need to be specific about what you are insuring and think of a business use beyond the van’s purpose but also what it might be carrying.