Van insurance premiums shoot up

Vans

The sector continued to display big pricing disparities across age groups and experts warn Ogden will increase market volatility.

Van insurance premiums have risen 8.3% over the last year, according to research published by Consumer Intelligence.

The analytics company’s latest Van Insurance Price Index found that the average premium for van drivers is now £1,171.

Drivers who use their vans for business purposes attract a higher average premium of £1,202, while those who insure under ‘social, domestic and pleasure’ policies pay only £1,046 on average.

This gap across categories is beginning to narrow, however, with

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