Multi-Van Insurance guide

Regardless of the number of vans you own, you need insurance to protect your business and your vans from the unexpected. Our multi-van insurance allows you to insure multiple vans on a single policy, saving you both time and money. We offer a range of multi-van insurance covers that can be tailored to meet your needs. Our specialist insurance brokers will work with you to find the right cover at the best price.

What is Multi-Van Insurance?

As the name suggests, multi-van insurance allows you to insure multiple vans under one policy, rather than having to buy separate policies for each van. This can be useful if you've got a large fleet of vehicles and want to save on costs.

Multi-van insurance also makes it easier to manage your fleet of vans because you only have to renew one policy each year, rather than several. This means you'll be able to keep track of all your vehicles' details and make sure they're insured without having to pay renewal fees on every single one separately.

Levels of Multi-Van Insurance Cover

There are three different levels of multi-van insurance:

• Third Party Only
• Third Party, Fire & Theft
• Comprehensive

Third Party Only

A minimum amount of coverage is required by law. As a driver, you are covered if you damage someone's property or injure them while on the road. Passengers are also covered if they are injured in your van while on the road, however your van won't be covered if it's stolen or damaged in a fire.

Third Party, Fire & Theft

The Third Party, Fire & Theft policy only covers damage caused by fire or theft. The insurance won't pay out if the damage was caused by something else, such as a car accident.

Comprehensive

This is the highest level of cover. The policy covers third party, fire and theft, as well as repairs or replacements in the case of accidental or intentional damage to your vans.

Apart from these standard levels of motor insurance, there are several additional options to choose from, based on how the vans will be used and what items will be transported on a regular basis:

• Carriage of own goods covers your belongings while they're in the van. Usually, this applies to tradesmen or teams with hand tools that work remotely or carry their own tools on call-outs.
• Carriage of goods for hire and reward is required if you're transporting multiple packages to different locations. You may have to make several small trips or stop at numerous delivery stops throughout the day, usually for postal delivery services.
• Haulage involves delivering a single item or shipment to one particular individual. In most cases, you will not have to drop off or stop at separate locations during your journey.

How many vans can you insure with multi-van insurance?

There is a wide range of multi-van insurance policies available to suit your needs, from covering just three vans to covering hundreds of vans; it all depends on how many the insurer is willing to cover for you, but it usually ranges from 3 into the hundreds.

What types of vans can be included in a multi-van insurance policy?

Many insurance providers are willing to cover a variety of vans under one policy. For example:

• Single-cab vans
• Double-cab vans
• Light vans
• Campervans
• Tippers
• Pick-ups

How does the van impact the cost of multi-van insurance?

When you're buying insurance for multiple vans, it's important to know that the make and model of each of your vans will influence the overall cost of your coverage.

Vans are put into insurance groups depending on their engine size, safety features, and value. The higher the group, the more expensive your premiums will be. If you've got any vans with exceptionally large engines or high-performance capabilities, they'll likely be placed in a higher group than those with smaller engines or less power. The idea behind insurance groups is to create tiers based on risk. Insurers can then charge customers a premium that reflects the risk involved in insuring certain vehicles.

Does the driver influence the cost of a multi-van policy?

Most multi-van insurance policies are arranged on an “any driver” basis, meaning that any named employee can drive any van in the fleet.

It is your responsibility to provide details about the drivers to the insurer. Typically, you'll need to know their age, occupation, and driving history, including claims and convictions. Inexperienced or young drivers employed by your company will increase your multi-van insurance premiums. Employees with problematic driving histories will see their insurance rates increase. However, drivers with more experience and those with more no-claims bonuses will reduce overall costs.

How to save money on multi-van insurance:

1. Pay for your insurance in one go - If you can, try to pay for the insurance upfront. By paying in one go, you could get the van insurance cheaper than by spreading it over the year.

2. Take steps to keep your vans secure - There's no doubt that the more security features your van has, the more difficult it will be to steal. An extra lock on your van can help deter thieves. As a result, your insurer may save money by reducing your claim risk.

3. Keep accurate mileage records - How much you pay for your policy depends on how much you travel in your van every year. If you use your van a lot, you're more likely to make a claim, which will affect your insurance rates. If you underestimate your mileage, you may end up paying too much, but likewise if you overestimate it, you might pay more than you should.

4. Consider who you insure - Make sure you insure the right people on the van. Insurance rates will likely increase for drivers with points on their licence.

The Advantages of Multi-Van Insurance

Multi-van insurance is an important element of any business. The benefits are numerous, and multi-van insurance can save you money in the long run. The major advantage of multi-van insurance is the discount. Not only can it reduce your monthly premium, but it also gives you a nice discount on the deductible.

Another benefit of multi-van insurance is that it allows businesses to customise their coverage to fit their needs. Some companies may need full coverage, while other companies may need more liability coverage. It is important to tailor your company's policy to meet its needs so that they do not end up paying for things they do not need or cannot afford.

Multi-van insurance also allows businesses to avoid being stuck with a huge repair bill after an accident. Although most accidents are minor, sometimes accidents happen and multiple vehicles are involved in the accident. If any of those vehicles belong to you, having multi-van insurance will decrease your chances of breaking the bank after an accident occurs.

How Bluedrop can help

Bluedrop can help you find an affordable multi-van insurance policy. However, we don’t stop there! We provide a wide range of different policies to suit your individual requirements and budget, so whether you're looking for domestic or commercial cover, we've got something special waiting just for you.

If you want to get a quick and easy multi-van insurance quote, make sure the following information is handy for each van you plan to insure:

• Van type
• Van registration number
• Amount of seats
• Van purchase date
• Security features
• Driver's personal information
• Driver's history, including claims and convictions
• The type of cover you need
• Mileage estimate for the year

As established insurance brokers with years of experience in providing quality service at reasonable prices, we're committed to finding a solution that will offer you excellent value for money.