Young Driver Van Insurance
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Van Insurance For Young Drivers
Finding cheap van insurance for young drivers can to be a difficult task, as motor insurance cover for young drivers is typically offered at a noticeably more expensive rate compared with van insurance quotes that are offered to older and more experienced drivers. If you are ‘young’ (usually classed as under 21) and are looking for a quote, feel free to use our van insurance comparisons table.
In order to be legally permitted to drive a van, young drivers must be over the age of 18 and will not be legally permitted to drive a van before they reach this age. Although quotes for van insurance may be expensive at this age, the most effective way of reducing the cost of premiums is to drive as safely and to compare van insurance offers from as many providers as possible.
When estimating the cost of their insurance premiums, insurers will typically pay very close attention to the record of the customer in order to assess their chances of making a claim in the future. If for example the customer has been on the road for several years without incident, their insurer will tend to offer them a very reasonable and comparatively cheap van insurance quote based upon their relatively low risk of making a claim.
Under 21s and other inexperienced drivers present a problem for insurers, as due to their relative inexperience, the insurer has very little to base their estimate on other than accident statistics. Because of this, under 21s and other young drivers are always treated with a degree of risk by insurers when analysing the cost of van insurance.
If you are around this age, avoiding making any claims over a period could result in a substantial no claims bonus from many insurers. Something that can go someway to balancing out the extra costs that are commonly associated with van insurance for under 21s.
Key Takeaways
- Comparing van insurance quotes is essential for young drivers to find affordable cover.
- Minimum age for van insurance is 17, and premiums may vary depending on a variety of factors.
- Young drivers can reduce costs by selecting low group vehicles, avoiding modifications, implementing security measures and using comparison services.
Obtaining Van Insurance for Young Drivers
Obtaining van insurance as a young driver can be a bit more challenging compared to seasoned drivers.
Typically, those under the age of 25 are considered young drivers and may face higher insurance premiums due to their age and inexperience on the road.
Although it may seem daunting, there is a solution for young van drivers.
Factors such as location, occupation, and modifications to the van, like additional signage or branding, can greatly influence the cost of your insurance premiums.
Lower insurance costs and safety can be achieved by sticking to speed limits, being careful in bad weather, and steering clear of distractions like mobile phones when behind the wheel.
Remember, since fewer insurers cater to younger drivers, comparing quotes from different providers is key to finding the most advantageous deal.
Minimum Age for Van Insurance
You may be wondering at what age you can legally obtain van insurance.
Young drivers can obtain van insurance from the age of 17 provided they have successfully completed their driving test and have obtained an appropriate young driver’s van insurance policy.
However, bear in mind that some insurers set minimum age restrictions for private van insurance, potentially narrowing your choices.
A study conducted on comprehensive goods-carrying vehicle policies available on Defaqto found that only 25% of the 70 policies would provide cover for a driver aged 17.
This limited availability can affect the van insurance cost for young drivers, making it essential to compare quotes from different insurers.
Age has a significant influence on the range of insurers available for van insurance, with younger individuals typically having fewer options.
Types of Van Insurance Cover for Young Drivers
As a young driver, you have the option of selecting from three levels of van insurance cover: third party only, third party fire and theft, and comprehensive.
Understanding the differences between these cover levels can help you make an informed decision when choosing the right policy for your needs.
The most basic level of cover, ‘third party only,’ is the bare minimum insurance required to operate a van in the UK.
This type of insurance covers damages and injuries to third parties in an accident but does not cover any damage to your own van.
Third party fire and theft insurance, on the other hand, includes third-party cover as well as protection for your van in the event of theft or fire damage.
This type of cover can sometimes be a cheaper van insurance option for young drivers.
Comprehensive van insurance offers the highest level of protection for a young van driver, encompassing all forms of damage, including damage to your own van.
While it may seem counterintuitive, comprehensive insurance can sometimes be less expensive than third-party cover, as insurance providers often consider the fact that higher-risk drivers tend to opt for third-party cover to lower their premiums.
Average Costs of Van Insurance for Young Drivers
As a young driver, you may be wondering what the average cost of van insurance is for your age group.
On average, drivers aged 17-20 pay £3,303 for van insurance, while those aged 21-25 pay significantly less, with an average cost of £1,351.
But why are the premiums higher for younger drivers?
Insurers view young drivers as high risk due to their lack of experience on the road, which makes them more likely to be involved in an accident and submit a claim on their policy.
As a result, insurance providers charge higher premiums to mitigate the increased risk associated with insuring young drivers.
While these costs might appear high, keep in mind that van insurance premium prices vary among young drivers.
Premiums are influenced by a variety of factors, such as your driving history, the type of van you drive, and any modifications made to the vehicle.
Reasons for Higher Premiums for Young Drivers
As mentioned earlier, young drivers are considered high-risk by insurers due to their lack of driving experience, which makes them more susceptible to accidents and claims.
This increased risk directly translates into higher insurance premiums for young drivers.
But what specifically leads to this increased risk? Age-related conditions, such as:
- inexperience
- a greater likelihood of engaging in risky behaviors
- distractions
- not having developed the same level of hazard perception as their older counterparts
These factors can play a significant role in determining van insurance premiums for young drivers. Additionally, younger drivers may be more prone to accidents and claims.
Grasping these reasons for elevated premiums can empower young drivers to make informed choices when selecting a van insurance policy.
Tips to Lower Van Insurance Costs for Young Drivers
Fortunately, there are several steps young drivers can take to lower their van insurance costs.
First and foremost, choosing a van classified in a low insurance group can significantly reduce your insurance premiums.
Avoiding modifications to your van can also help keep costs down, as modifications can result in increased premiums.
Implementing enhanced security measures can further lower your van insurance costs. Consider:
- Installing an alarm or immobiliser
- Selecting the appropriate cover for your needs
- Increasing your voluntary excess
- Adding an experienced driver to your policy
These steps can help you save on van insurance.
Telematics policies, involving a black box installed in the van to monitor driving habits, can offer another cost-saving alternative for young drivers.
Best Vans for Affordable Insurance for Young Drivers
Selecting the right van can greatly impact the cost of your insurance premiums.
When selecting a van, consider factors like the van’s value, any modifications, and your personal driving record, as these can affect your insurance expenses.
To determine the insurance group of a van, you can use the Thatcham Research website’s vehicle search tool.
How to Compare Van Insurance Quotes for Young Drivers
Comparing van insurance quotes forms a crucial part of identifying the most suitable policy for young drivers.
The process begins by filling out a quote form, which typically requires personal information, details about your van, and your desired cover level.
Once you submit the form, you’ll receive quotes from various insurers to compare.
When comparing policies, it’s crucial to not only consider the price but also the cover offered by each insurer.
Make sure to read the fine print and understand the terms and conditions of each policy to ensure you’re selecting the best option for your needs.
You can use our comparison table at the top of this page to compare quotes across the market.
Optional Extras and Additional Cover
Beyond the basic cover options previously mentioned, young drivers should also consider additional cover and optional extras when seeking a van insurance quote.
These can include legal cover, breakdown cover, and other add-ons that provide extra protection and peace of mind.
However, it’s important to carefully review the details of your policy and ensure you select the correct ‘class of use’ when obtaining a quote, as this can impact your insurance costs and the level of cover required.
The four classes of use available for van insurance are:
- Social, domestic, and pleasure
- Carriage of own goods
- Carriage of goods for hire or reward
- Haulage
Frequently Asked Questions
Are vans cheaper to insure for young drivers?
Van insurance is generally more expensive for young drivers due to their lack of experience and increased risk.
This often leads to higher premiums for under 25s compared to older motorists.
Additionally, many van insurance policies are only available to drivers over 21 years old.
Can a young driver get insured on a van?
Yes, young drivers can get insured on a van.
However, insurance policies for those under the age of 25 tend to be more expensive and some companies might only provide cover to those aged 21 or over.
It’s important to remember that you must legally insure your van before driving it on the road.
What are the three levels of van insurance cover?
Van insurance cover includes three levels: third party only, third party fire and theft, and comprehensive.
How can young drivers lower their van insurance costs?
Young drivers can lower their van insurance costs by selecting a low-insurance group van, increasing security and voluntary excess, adding an experienced driver, comparing quotes, and considering telematics policies.
By selecting a van in a low insurance group, young drivers can reduce their premiums.
Increasing security measures, such as fitting an alarm, can also help to reduce costs. Adding an experienced driver to the policy can also help to reduce premiums.
Comparing quotes from different insurers is difficult.
What optional extras and additional cover should young drivers consider?
Young drivers should consider optional extras like legal cover and breakdown cover, as well as ensure they choose the correct ‘class of use’ when obtaining a van insurance quote for additional cover.
This can provide additional protection in the event of an accident or breakdown and can help to reduce the cost of any repairs or legal fees that may be incurred.