As the new year beckons many of us will be making new year’s resolutions, and on top of most people’s list you can probably expect to find “save more money!” Yes we would all like to save a little more money next year and save up for something special, and so we thought it would be the perfect time to give you some advice on how you can save money on your van insurance policy:
It may seem annoying at the time, but one of the main ways in which you can save on your van insurance is to pay it off all in one go. It is tempting to spread the cost over the year, but by doing this you will incur interest and end up paying a considerable amount more.
It will be a big upfront cost to pay it off in one go, but this way you will avoid the interest and the rest of the year you don’t have to worry about paying it, which will mean your month outgoings for 11 months of the year will be lower, giving you more money to save!
Another way in which you can save money on your van insurance premium is to increase the excess on the policy. The more you are willing to pay out in the event of a crash the less the insurer has to and so will give you a lower premium rate.
Of course this can be a risk as you will have to pay out in the event of a crash, but if you can stay claim free you will have saved yourself a few quid and also improved you no claims bonus in the process, which will also help reduce your insurance premium!
One of the simplest ways to save money on your commercial van insurance is to make it so that it is less likely your van will be stolen, which will make it less likely that the insurer has to pay out, which means they can give you a lower premium.
It sounds obvious, but there are many easy ways of protecting your van that many people miss. Parking in a garage as opposed to on a street, adding a steering lock, having an alarm fitted or using a tracker can all prevent theft and in doing so can reduce your insurance premiums.
So there you have it, a few easy ways to protect your commercial vehicle and save some money on your van insurance in 2012.