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With analysts predicting increases in commercial insurance
premiums this year, what can van drivers do to keep the cost
of their premiums down?
Gladiator Commercial, one of the UK's largest specialist
van insurers, acts on behalf of fifteen commercial vehicle
insurers. It has come up with a list of tips that can help
to reduce the cost of insurance.
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Security. Keep your van in the most secure area available.
For example, private land, locked gates or in a garage.
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Additional security. Including extra security on your
van, such as an immobiliser, alarm, steering lock and
wheel clamp, could gain you a discount with most insurers.
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Mileage. If you can accurately predict your annual mileage,
and the mileage radius in which your van will work this
will assure the correct mileage discounts which are available.
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Affiliation. Join an organisation. Members of professional
occupational organisations gain discounts with many insurers.
For example, the Federation of Master Builders.
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Modifications. Choose an unmodified van. Modified vans
could affect the cost of your premium.
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Keep it small. Do not buy a bigger van than you actually
need. Insurance companies will design the cost of a premium
using the vans engine size and the gross vehicle weight.
So, if it's too big for what you need, you will end up
paying more for the insurance.
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Excess. Opt for an additional excess on your policy to
bring the premium down.
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Choose carefully. Instead of ringing around for quotes,
to save time, contact an insurance company acting on behalf
of a panel of insurers. They are more likely to be able
to offer specialist discount schemes and competitive rates
for most drivers.
Chris Price, managing director at Gladiator Commercial, said,
"Our tips show there are ways of potentially reducing
the cost of your insurance premium. Many people are not aware
of the factors which influence van insurance, and may not
realise that simple changes may have a positive effect on
the cost."
Issue date: 4th February 2004
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