Van insurance premiums shoot up
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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