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Van drivers urged ‘make savings ahead of 2007 road toll and tax increases’

Drive down the cost of your van insurance by up to £303 with Budget Van Insurance

M6 toll increases effective from 1 January 2007 and new tax rules in April around work van usage after hours will hit many van drivers where it hurts.  To lessen the blow, Budget Van Insurance is urging drivers to shop around for the best deal on their insurance.  Latest figures show that van drivers could save up to 46 per cent on their annual premiums - which could add up to as much as £303 in your pocket.   There are savings to be made for all tradesmen ranging from painters and decorators through to carpenters and plumbers.

How much can you save?

The amounts paid for premiums vary according to age, sex, address, driving record and the type of vehicles owned.  Occupation also plays a big part with painters and decorators for example being most likely to benefit from the biggest savings. 

Matthew Gledhill, Managing Director, Budget Van Insurance, says:-

“Even though the cost of buying a vehicle has gone down considerably, the costs of motoring are increasing and the latest expenses - along with constantly rising fuel costs -won’t be welcomed by our customers, especially small business owners.  

“Insuring your van adds up to nearly a quarter of annual motoring expenses and it’s one of the easiest to drive down.  It pays to shop around for the best deal and by doing so, the quality of cover need not be sacrificed.  Allowing policies to roll over without exploring alternatives is like throwing money down the drain.”

Budget Van Insurance top tips for saving money on your van insurance premium:

Your vehicle

1. When you purchase your van, think about whether you really need the biggest, most powerful vehicle in the showroom.  That extra space and horsepower may sound impressive but will cost you more to insure than a slightly smaller, less powerful vehicle.
2. Consider adding livery to your van – a branded van is less attractive to thieves and is easier to identify in the case of an accident.
3. Installing an alarm can save you up to 10% depending upon the type of alarm.
4. An immobiliser on your vehicle can also save you as much as 10%2on your premium.
5. If you are able to lock your van in a garage overnight, do it – this could save you money on your insurance premium and will protect it from thieves.

Your insurance policy

1. Restrict the number of drivers on your policy, particularly those under the age of 25.  Your premium will be priced according to the youngest driver or the one with the least experience
2. Consider accepting a higher excess on your insurance policy.  Most policies include a voluntary and/or compulsory excess.  If you are prepared to accept a higher excess you can reduce your insurance premium.

Budget Van Insurance is a leading UK insurance intermediary and will search a range of top van insurance providers to find quality cover for some of the most competitive premiums around.  Visit www.budgetvaninsurance.com or call 0800 247 247 for more information.

For further information please contact:
Roland Cross/Nicola Pierce
Broadgate                                                                              020 7726 6111

Notes to Editors:

The BGL Group

The Budget Group of Companies was established in 1992 and has grown to be the UK’s third largest personal lines insurance intermediary, through a combination of organic growth and a series of major strategic acquisitions.

It now arranges and administers insurance for around 1.5 million, customers, has contact centre operations in Peterborough, Coventry, Sunderland and Cape Town, South Africa, and a number of websites, including – www.budgetvaninsurance.com.  It currently employs over 1500 people, and its head office is in Peterborough.

As an intermediary, Budget is able to access a wide range of underwriters, making it highly competitive in the marketplace.

Budget’s core products are motor, home, commercial vehicle and motorcycle insurance. The Group also offers a wide range of supplementary products, which include breakdown cover, legal protection, travel insurance and mortgage payment protection insurance.

In 2003, Budget launched Junction, its affinity arm, which provides insurance outsourcing services for major UK brands including Bradford & Bingley plc, Marks & Spencer Money, Debenhams and the Post Office.

Budget’s motorcycle division, Bennetts, is a leading player in the motorcycle insurance market. 

Budget is a trading style of BISL Ltd, which is authorised and regulated by the Financial Services Authority.

Registered Address: Pegasus House, Bakewell Road, Orton Southgate, PE2 6YS. Registered in England no 3231094

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