How can I lower costs of minibus insurance?

How can I lower costs of minibus insurance? This is the million quid question nearly all minibus owners have asked themselves when they have to pay their premium to cover their van. 

Whether the minibus is for personal use or a business, overpaying for motor vehicle insurance should be avoided so you will have more money for other things you like more. The following tips can help you save money and still make it possible for you to have the coverage you need to be protected. More advice can be found in the minibus faq section of compare minibus insurance.

Does the size of the minibus matter?

The size of the minibus does matter when it comes to be covered by an insurance policy. This includes both the physical size of the van and the engine displacement. Small minibuses with more fuel efficient engines are considered lower risk so the premiums are smaller in costs.

How can I prove I am a low risk driver to insure?

Being a low risk driver and owner of a vehicle is one thing but proving it to an insurance company can be another. The following are steps you can take to reduce your risk factorthat the insurance company will acknowledge.

• Allow the insurance company to place a black box in your minibus that will track your driving habits.
• Install a dash cam.
• If you have no points on your license declare it.
• If you have had one or more years of making no claims declare it.
• Always secure your van is a safe location like a locked garage.
• Empty the valuable contents of the minibus when it is not in use.
• Install an alarm system in the van.
• Keep an accurate record of your mileage and report that number to the insurance company. The lower the miles, the lower the premium due to the reduced risk.

Is having a second named driver on the policy advantageous?

Unless you are over the age of 25 with a perfect driving record like one with no points or accidents, a second driver on a policy can help to reduce the costs of the premium. If you are under the age of 25 and or have points on your license then adding a second driver with a clean driving record can be advantageous. Just make sure that second driver will actually be driving your van. This person can be a father, mother or sibling.

Do modifications cause a rise in premium costs?

Any and all modifications that are not standard for your minibus will be looked at by the insurance company as an increase in risk for insuring. This will include fancy alloy wheels, exhaust and engine modification and even striping and decals on the exterior.

The only modification that is looked on as favorable by an insurancecompany is the advertising of the business on a company van. This makes it distinctive and as a deterrent from theft.

To help you identify more cost saving factors for coverage of your minibus, an independent insurance broker can assist you. They are experts at locating the right coverage at a cost you can afford.

by Rahul Paul via Everyone's ADM Blog Posts - Automotive Digital Marketing