Cheap Van Insurance for Young Drivers

If you’re under 25 and looking for Van insurance, you will need to shop around in order to save money and get the best possible deal. Compare Cheap young driver Van insurance quotes here at vancompare.com


Why is insurance expensive for young drivers?

Young drivers’ Van Insurance is more expensive compared to those with experience. That’s because in the eyes of the insurance underwriters, you’re statistically more likely to be involved in a road accident. As a high-risk young driver, you’re going to end up paying higher premiums.

If you were still wondering why does young driver Van insurance cost so much, you’ll need to understand some facts. 1 in 5 drivers aged between 18 – 24 will crash within their first 2 years behind the wheel. Also, younger Van drivers are 98% more likely to have an accident than someone in their 40’s. Higher accident risk means more expensive claims. This results in higher premiums.

Insurance companies will use a wide range of unique factors when calculating insurance premiums, from the Van you are driving through to where you live and the type of cover your looking for.

  • Your Van

    including the age, payload capacity, value, and engine size. Bigger, more powerful vans should be avoided for drivers under the age of 25 for obvious reasons.

  • Information About You

    Your age, gender, where you live and how long you have held your licence are key factors the insurer will take into consideration, as well as any claims, points or other driving convictions you may have.

  • Your Level of Cover

    There are different levels of cover available from fully comprehensive through to third party only. Cover will generally increase in cost along with the level of protection being offered.

With the statistics mounting up against you, it may seem like getting a good deal on Van insurance for Young drivers is an uphill battle. Thankfully, there are some additional steps you can take to lower your insurance. Read our in-depth guide; Top tips to Lower the Cost of Van Insurance.

What level of cover should I get?

All drivers of all ages will have access to the same three levels of Van Insurance Cover: Third Party, Third Party Fire & Theft and Fully Comprehensive.

Fully comprehensive tends to be the most expensive level of cover due to the additional level of protection it provides for you and your vehicle should you be involved in an accident.

The most basic level of cover is Third Party only. This covers damage you cause to other people or their vehicles but does not cover your own Van in an accident or if its stolen. Statistically, people who opt for Third Party only insurance are seen as more likely to be involved in an accident and therefore, this could well reflect in the premium.

Depending on your budget, you should opt for the maximum level of cover that you can afford. In most circumstances, its worth paying a little bit extra now, then having to pay a lot more if you need to claim.

How can young drivers lower their Van insurance?

Each insurance company is going to give a different price dependant on your circumstances. Where one company will be high, another may be more competitive for exactly the same cover. That’s just the way insurance companies work, and they change all the time to keep their customer base varied.

There are some things you can do in order to ensure your getting the best deals. Follow these steps and we’re confident that you can save money with vancompare.com

  • Aim for a low insurance group

    this is easy. Don’t buy a van that’s bigger than what you need it for and keep the engine size low until you have built up a good few years’ no claims. Less power means less risk and will help to reduce your Van insurance costs.

  • Voluntary Excess

    by increasing your voluntary excess, you could lower your annual premium. But be warned, in the event you make a claim, you will need to make sure you can afford to pay both the compulsory excess AND the voluntary excess.

  • Avoid Modifications

    As tempting as it is for a young driver, changing the looks or performance of your Van is a bad idea so don’t do it. In the eyes of the insurance company, modifications, especially ones that increase performance will simply increase the risk of accident. This is a sure-fire way to raise your premium and if you lie about it, your insurance could become void in the event you need to make a claim.

  • Adding a named driver

    Adding an older, more experienced driver to your policy could help bring the premium down. However, as a word of warning, don’t pretend that they are the main driver. This is called fronting and its illegal. You also won’t benefit from any no claims bonus as a named driver.

  • Extra Security

    adding extra or upgraded security features to your van such as alarms and immobilisers or deadlocks can help bring down the cost of your cover.

  • Fitting a black box

    fitting a black box to your Van can monitor your driving and encourages you to drive sensibly and safely. As your premium would be based on how well you drive, you could end up saving money.

  • Compare, compare, compare!

    you can never gather enough quotes as a young driver. Even if you are due for renewal, shop around. The company with the best price last year, may not be this year. You should never have an automatic auto-renewal for your van insurance.

Improve your road safety as a young driver

It will take a little while to build up a no claims discount to enable better cost savings on your Young Driver Van Insurance. However, in the meantime, taking some basic steps for improving your safety on the road will help ensure you don’t become one of the statistics and you get that all-important NCB.

According the AA, there are 4 main reasons why young drivers present greater risk and the typical behaviours that they exhibit.

  • Not wearing a seatbelt

    Always wear your seatbelt. If you are caught not wearing a seatbelt, you will be fined, reported, and prosecuted for the offence. You will receive points on your licence which will contribute heavily to an increase in your insurance premium.

  • Speeding

    Stick to the speed limits for your own safety and that of other road users. If you get caught going over the speed limit, you will receive a fine and points on your licence. In extreme cases, you could even lose your licence.

  • Using a mobile phone when driving

    It’s illegal to use your mobile phone while driving. You risk not only getting a fine and some penalty points but could also cause a serious accident. Get a hands-free kit or better still, just don’t use your phone while behind the wheel.

  • Driving under the influence

    Driving under the influence of alcohol or drugs has serious consequences. Not only will you receive a hefty fine, points and a lengthy ban, but you could be responsible for someone’s death. If you lose your licence, you will likely lose your job as well. Just don’t do it.

How to find the best young driver Van insurance?

Getting a good deal on your Van insurance can be a daunting task. Thankfully, at vancompare.com, we have done the hard work for you. If you have followed the advice in our guides, then the next step is to start comparing quotes.

Get started now.

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