New research by Confused.com reveals that lockdown has saved van drivers an average of £223 on their van insuranceNews
Posted by: electime 27th May 2020
Nearly half (49%) of van drivers don’t buy their insurance until up to week before their renewal is due. Almost one in five (19%) do this because they believe the date doesn’t affect the price.
During lockdown, van drivers have been shopping around for their insurance earlier, which certainly pays thanks to the savings on van insurance to be had.
Confused.com data shows 21% of customers are now running their quotes 14 days or more before their inception date, compared with 18% pre-lockdown.
We’ve seen a 9% increase in the number of van drivers running quotes 14 days or more before inception during lockdown. Running a quote earlier can lead to huge savings. These customers get prices from £929 on average for their van insurance compared to customers who run their quote between 0 and 14 days who get prices from £1,153 on average.
That means van drivers are saving £223 on average by getting quotes earlier.
Running quotes earlier isn’t the only way you can save on your van insurance premiums. We’ve rounded up 8 expert tips on van insurance savings to help van drivers across the UK get the best deal.
*July-October 2019 Confused.com van insurance quote data