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Van Insurance costs falling

Tue, 24 May 2005

Figures have confirmed that the cost of Van Insurance is falling due to increased competition in the industry.

The AA's British Insurance Premium Index Sinclair shows that over the last year competition from new entrants and online providers has caused comprehensive Car Insurance premiums to fall by 3.3 per cent.

Van owners are also being encouraged to ensure that they shop around for the best deal and do not automatically renew their current policy when it expires.

"Some insurers entice motorists to take out their cover by offering very competitive premiums and then increase them substantially when it is time for the customer to renew their policy - even though their circumstances have not changed," said Joanne Mallon, Sainsbury's Bank Car Insurance manager.

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Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.