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When you receive your renewal documents for your light commercial vehicle insurance make sure that you compare how much you have been paying in the last twelve months with how much your insurance company intends to charge you for insuring your van in the next year. They are obliged to provide these figures in the documentation.
When you consider that car insurance premiums have on average been rising in the 12 months to the second quarter of 2022, it is quite possible that the same may have happened with van insurance. According to Confused.com that is a well-known price comparison website, the average premium to insure a car rose by £32 per annum to £554 per annum between Q2 of 2021 and Q2 of 2022. That may not seem to be a large increase but it is something that UK residents could well do without as domestic expenditure increases putting may householders under ever increasing financial pressure.
Unfortunately, some van owners probably just put the renewal papers for their van insurance in a drawer and pay no attention to the possible change in premium for the next 12 month period. This seems strange as they probably look around for good deals when it comes to buying parts and stock required to run their businesses so why not do the same thing when it comes to their LCV insurance.
There are numerous providers of van insurance and it does not take long to use the likes of a price comparison website to compare a number of quotations including cost and level of cover. You may even be able to apply online.
So, if you have recently received your van insurance renewal letter through the letterbox, why not contact us to obtain a competitive quotation with absolutely no obligation whatsoever. We have access to a panel of specialist insurers. We look forward to you getting in touch with us at your earliest convenience.