subject: Four Steps You Can Take To Radically Decrease Your Van Insurance Costs [print this page] If you own a van, then you have got to take precautionary measures to ensure that your van stays functional for a long time. One of these measures includes taking out a van insurance policy. Regardless of how much you dislike insurance, it is a necessary evil. But then, it can work in your favour - you can recoup a large part of the cost of the van should anything happen to it. Most insurance companies have different van insurance covers.
But the two most common ones are collision and extensive. Collision coverage often comes in handy when you are involved in an accident or a collision, while extensive is useful when your van falls victim to natural hazards.
While insurance is not cheap, there are ways of getting your premium rates at drastically reduced prices. Some of these steps include:
1.Taking a Look at Different Quotes
It is amazing how people simply forget how to bargain just because they are buying insurance covers. While it is true that the insurance companies offer the packages like they are written in stone, the thing is you should take the time to shop for a convenient alternative to any insurance company that you have in your sights. While most insurance companies tend to offer the same thing, it is always better to consider the different options and offers from a few companies. This will allow you decide quickly on which to choose.
2.Looking for the Not-So-Obvious
Certain insurance covers look good from the front end. When you find such insurance deals, you often tend to feel that you have landed a good bargain. Watch out! Most seemingly easy and cheap covers have a lot of backend payments. So, while you may pay cheaper premium rates, you are likely to forgo excellent discounts and bonuses.
3.Securing Your Van
It goes without saying that you should install some security devices in your van. No one wants to take a risk on a van that doesn't have some form of security device installed in it. Install alarms, and/or steering locks and you are likely to get a far cheaper premium. If you have to install an immobiliser, this is not a bad option too.
4.Making sure that The Driver Has a Good Record
No insurance company wants to insure a driver that has been in two car accidents in the last year. So, make sure that the drivers of the van are "clean". And even in instances where there are accidents or collisions, be sure that the driver wasn't drinking. Since insurance firms know that certain accidents are not always caused by careless behaviour, they are likely to overlook one or two accidents over a span of 5-10 years.
The age of the drivers also plays a large role in you being able to get a good deal on your premium rates. For example, younger drivers between the age of 18 and 25 are considered high risk, while older drivers are considered low risk.
by: Paul Headley
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