For anyone who owns a van one of the most annoying expenditures is commercial vehicle insurance, especially if it is just a work vehicle and you insuring a car as well. However, there are a few ways in which you can easily reduce your premiums and save money on your van insurance:

Storage

One of the reasons commercial van insurance premiums can be so high is due to the fact that they are often filled with valuables and therefore are targets for thieves. However, if you can store your van in a garage or at least remove all valuables from your van and store them elsewhere, you can reduce your insurance premiums.

Excess

When getting your van insurance quote it can be tempting to go for a low level of excess so that you don’t have to pay out large sums if you have to make a claim. However, the higher you set your excess the lower the insurance company will put your premiums, as they will pay out less if you ever make a claim.

Payment

When the bill for your commercial van insurance does arrive you may think that you can save yourself a hefty fee by spreading the cost with monthly payments. However, if you pay monthly you will actually end up paying more as the insurance company will add interest to the payments. It may seem like a big upfront fee but paying your premium in one go will save you money in the long term.

Choice

Don’t forget that with insurance you always have a choice as it is a very competitive market. If you are renewing your cover and it seems high, why not shop around and try a few comparison sites to see if you can get yourself a lower premium. It may take a bit of time but if you save a few hundred pounds it will most definitely be worth it.

Claims

Finally and most simply, the easiest way to lower your premiums is to avoid making a claim on your insurance. This is of course easier said than done, but if you can avoid making claims or even pay for small repairs yourself you will see your insurance premiums fall.

It may seem obvious, but follow these simple rules and you will be able to drastically decrease the cost of your commercial vehicle insurance premiums.