Van Insurance

Own a van? Want to drive? Well, then, you'll need van insurance. There are a few tips and tricks to getting van insurance and doing it as inexpensively as possible.

Safer Transportation
One of the most important elements of the pricing is the safety rating of your vehicle. Many families are surprised to find that a simple move from a coupe or sedan to a full size or mini van reduces their monthly auto insurance premium by as much as 20-25%. This has to do mostly with the level of safety. A van is taller, heavier, and will most likely have more safety features and components than a coupe or sedan. As a result, drivers and passengers are much less likely to be injured in a collision, resulting in lower financial risk to the insurance company and lower monthly premiums for van insurance.

The weight and size can work against commercial vans, however. Vans made for families and personal transport are usually lighter than commercial delivery vans and are often driven for far fewer miles. More miles on the road means more exposure to risk. Excessively heavy cars also increase the possibility of injuring the other party in a collision.

Your own driving record does play into the equation. A driver with no accidents, and few traffic citations is less likely to get into an accident, and will earn smaller premiums. Age and gender is also important. Males are statistically more likely to drive aggressively and receive larger monthly premiums. Females are statistically more likely to drive defensively and cost less to insure.

As a driver ages, premiums slowly decrease. A 16 year old driver will cost two to three times a married 30 year old driver, even if the 30 year old driver has traffic citations and the 16 year old a perfect record. In this case, the insurance company sees that the older driver has more experience, is married (people are said to drive safer after marriage), and has never had an accident. The 16 year old, in this case, is a hard to quantify risk due to limited experience and history.

Bulk Purchases

By purchasing your van insurance alongside home, life, or other insurance policies, potential savings exist. Many times, insurance companies offer flat rate discounts for two, three or four products of 10, 15 and 20 percent.

Alternatively, if no bulk savings are present, offer to prepay by as much as one year in advance. Insurance companies usually offer steep discounts to those who choose to pay annually or semiannually, since it reduces transaction costs, decreases the risk of non-payment, and provides the company with months of interest free money. Often, this discount can extend well into the double digits.

Extra Insurance
Insurance above and beyond the legal requirements is usually the most expensive. Luckily, van owners can save on their van insurance on these extra products.

Of all automobiles, vans are some of the least stolen. This has to do with the size, marketability, and resale cost of most personal vans. Since they're hard to conceal, less valuable than smaller cars, and cannot be liquidated as quickly as compact cars, thieves have little interest in vans. Theft insurance, as a result, is far less expensive on a van than it is a sports car.

Where a sports car may cost a few hundred dollars per year to insure against theft in an inner city, higher than average crime area, a van will cost just a fraction of the expense. Remember, crime is based on zipcodes, not neighborhoods, so depending on your locality, your insurance may be more expensive even if the most crime occurs miles away, but in the same zip code.

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