Compare young driver van insurance from £1,684/year** & get 2 for 1 cinema tickets*
Compare young driver van insurance from £1,694/year** & get 2 for 1 cinema tickets*
Insurance is one area where being young isn’t necessarily a blessing. From comprehensive to third-party policies, those new to the road can usually expect to pay more. whether they’re behind the wheel of a car, van or motorbike. And many also need breakdown cover as they’re probably less likely to own a newer vehicle. Nevertheless, if you want to get behind the wheel, you need to get insured. Here’s our beginner’s guide to what you need to know.
Regardless of age, there are three main types of policies when it comes to van insurance:
Regardless of how young or old you are, you’re likely to be quoted a different amount by different insurance providers, which is why it’s so important to compare quotes. Every insurance provider will issue you with a quote by working out how much of a risk you are to insure. Or, in plain English, how likely you are to make a claim. Claims cost insurance providers money, so the higher the risk you pose, the higher the premium you’re going to pay.
Did you know that 40% of young British drivers will have been involved in a car accident before the age of 23? And that 23% of all 18–24-year olds will have been involved in a car accident within six months of passing their driving test? Insurance providers are well aware of these statistics, which is why they view young drivers as high risk – and why they hike up their premiums as a result.
Young drivers in the UK can potentially reduce the cost of their van insurance by comparing van insurance quotes, adding a low risk driver as the named driver on their policy, installing extra security features, parking wisely, reducing annual mileage and adjusting their voluntary excess:
Young drivers of vans, cars and motorbikes can stay safer on the roads by sticking to speed limits, driving more carefully when the weather is bad, eliminating any distractions (especially in the form of your mobile phone – one quarter of young drivers have admitted to actively using their mobiles while driving), and, of course, never getting behind the wheel after you’ve had a pint or two.
Reducing the chance of an accident on the roads is a good thing for you and your van. After all, just because you’re considered ‘high risk’ doesn’t mean that you need to drive that way.
Yes, indeed. First off, it’s always a good idea to think about any additional cover you may need before pouncing on the cheapest policy. Some policies include extra benefits like a courtesy van, breakdown cover or tools cover. If not automatically included in your policy, this additional cover can often be added as an extra for an additional cost. Also make sure that all the details you provide are correct. Don’t be tempted to give inaccurate information in an effort to reduce your insurance premium. If you’re found to have given misleading information, your cover will be invalid and any claims you make rejected – at worst, you could face criminal prosecution.