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Most van owners
are self-employed and rely heavily on their vehicle for their
income. They want to keep the vehicle on the road whatever happens – if
their van is out of action their business stops, so good cover
is essential.
Dial Direct have put together the following
tips to help reduce your premiums:
- Restrict the driving to named drivers
only. In most cases, this will give you a discount. Avoid putting
drivers under 25 on the policy, as this can more than double
the premium. Also, new licence holders can pay up to 50% more
than those who have held a full licence for nine years or more.
- Most insurers will have a minimum excess
but, if you are prepared to increase this, there are some good
discounts around.
- Fit a Thatcham
approved Category security system and you’ll immediately
get a discount - up to 7.5% in some cases.
- Take out
no claims discount protection. Although this will cost you
an additional 12% to 15%, it will probably make sense in the
long run, allowing you, in the case of Dial, to make up to
two claims in a three-year period without affecting your no
claim discount. Alternatively, seriously consider not claiming.
If you have an excess of £100 it is probably
not worth claiming for anything under £250. What you save
here may well be lost in the increase in your premium.
- Keep your vehicle in the garage overnight.
- Don’t
forget your motor policy will not cover tools whilst in the
vehicle so either make sure you unload the van overnight or
take out separate insurance for these.
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