Is van insurance cheaper for over 25's?

Insurance premiums for a vehicle tend to be lower when all its named drivers are aged 25 or over. In theory it is uncomplicated – as younger drivers are often assumed to be more reckless and a greater insurance risk as a result, insurers will often think that you’ve been a good driver for a longer time period if you are aged over 25 and less inclined to be potentially reckless. Therefore, you will theoretically be judged as less likely to be involved in an incident than younger drivers and make a claim – meaning generally cheaper premiums as a result.

However, it is not always this straightforward. There are a few factors which mean your premium may be higher than you were expecting. If you’ve had any previous claims on other insurance policies, this may bring your van insurance premium up.

Types of van insurance for over 25's

Van insurance makes sure you and your van are financially protected if an incident occurs, such as an accident or theft, and it can also protect others from damages and costs. However, there are different levels of van insurance coverage and costs will vary depending on which you choose, as well as your individual circumstances. There are typically three different levels of insurance protection:

• Third Party Only: This level only covers damages caused to other people and their property. With this level of insurance, your vehicle and its driver are not protected. However, this is often the cheapest insurance option.

• Third Party, Fire and Theft (TPFT): Like Third-Party insurance this level of cover only protects others from damages, this cover extends the types of damages to include fire damage and theft.

• Fully Comprehensive: Fully-Comprehensive covers all your bases. Not only are third parties covered, but so is your van and driver.

For further information on types of vehicle insurance, see our sister trading style Brightside’s guide to vehicle insurance.

Why choose CVD for over 25's van insurance?