Van insurance premiums rising faster than the rate of inflation
Research by Consumer Intelligence shows the average van premium has risen by 37.4% since April 2014.
Insurance premiums for van drivers went up by 2.2% in the last three months, according to the latest van insurance price index from data analytics company Consumer Intelligence.
According to the firm, van premiums are now rising faster than the rate of inflation, after being broadly stable for the last year. The average UK premium is now £1,515.
John Blevins, pricing manager at Consumer Intelligence, noted that the increases follow the Government’s reset of the discount rate last August.
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