Van Insurance for Young Drivers: All You Need to Know

by | Mar 31, 2024 | Auto Insurance | 0 comments

With more and more people on the roads, more youngsters are driving vehicles. Regarding global trends, van life has become so popular that many young people are seen driving vans for adventure, fun, or simply to live (as the rental crisis is increasing over time). If it is not for fun, they could be driving vehicles for work purposes.

However, young people having control over steering is considered a risk for many. Both state policies and the public find it a potential risk in terms of safety. So, what can be done to ensure the safety and security of these drivers and their vehicles? We have the answer. Here’s how they can be protected. 

Van Insurance for Young Drivers

New drivers who drive vans for whatever purpose can get insurance for their vans. Almost every insurance company offers this type of insurance, but the range of policies to choose from can be very limited. Also, conditions can vary. Generally, drivers aged 21 to 25 are considered young drivers. Some companies can even offer policies for people under 21, e.g., 17 or 19.

Which Type of Young Driver Insurance Do You Need

Which Type of Young Driver Insurance Do You Need for Your Van?

The best insurance for young drivers can depend on multiple factors. Using the van is very important in describing the type of insurance and coverage you need. As for type, you can choose from two types. Private van insurance is available if you use your van for personal or social purposes. Business van insurance is available if you use your van for work purposes.

The type of work is also an essential factor, whether you are using your van for delivery, courier service, transporting people, medical purposes, etc. As a young driver, you must check for the required policy before getting insurance. Other policies offered by insurers are social, commuting, and transportation of goods.             

The coverage type depends again on the van’s use. You can choose from comprehensive coverage (to cover both you and a third party), third party only, third party and fire or theft, etc.  

Requirements to Get the Insurance

The requirements can vary from company to company, but generally they include: 

Personal Information of the Diver 

This includes name, address, occupation, date of birth, contact information, and other essential information. 

Details About the Van  

This includes the type, model, size, number, and use of the van to be insured. The company will also check if your van has already been taxed.

Driving History of the Driver in Question 

The insurance company values your driving history, as they do not want to take risks with a bad driver. So, they would ask you for your past driving experience, whether you have any road offenses to your name, and whether you have any penalties. 

Why is Van Insurance So Expensive for Young Drivers?

You might have this question in mind, as the range of policies offered by insurance companies for under 25 drivers is generally very costly, with high premiums. Mostly, it is around $2500 annually. This is because companies consider young and inexperienced drivers to be high-risk. They are considered more prone to accidents and damages, so companies charge them a high premium to cover the future risks they pose.

The more risky you are considered, the higher the premium will be. Other factors, such as the type or engine size of the van, its commercial use, and its parking location, can also impact coverage costs.

How to Get Cheap Van Insurance for Young Drivers

How to Get Cheap Van Insurance for Young Drivers? 

This insurance is the most frequently asked question regarding insuring drivers under 25. Here are some tips to minimize the coverage cost and go for a cheaper solution: 

Low-Cost Insurance Group 

You should always go for a smaller van from the low-cost insurance group. Your van should have a small engine size, be lighter, and be regularly maintain.  

Compare Insurance Quotes   

Always do proper research before choosing a policy or quote. To find a cheaper policy, compare quotes from different insurance companies and agents.  

Reduce Travel Distance 

Many drivers do not consider this an essential factor in determining the coverage cost, but it is. This is especially important when you are paying for insurance per mile. Lessening the miles you travel will help you lower the price.  

Avoid Adding Modifications to Your Van 

As a young driver, you must avoid modifying your vehicle, as it can increase the insurance cost. 

Black Box/Telematics Insurance 

Drivers with less experience or who are new to the roads can install a black box or device in their vans. This device will monitor their performance and update their insurer. This is also an excellent way to reduce the coverage premium. 

Maximize Voluntary Excess  

This means you will pay more for the claims or damages caused to your vehicle. The company will have to pay less, and the coverage will be cheaper. 

Alternate Options: Any Driver Insurance or Temporary Insurance  

Both of these options provide flexibility to van users. Any vehicle insurance for vans allows owners or businesses to allow multiple drivers to use the van. If the insurance company will enable drivers under 25 years of age to drive under this policy, this is an affordable option.

Temporary insurance is best when the van has to be used for a short time, e.g., for work for a day or two,  to transport your goods, or to use it for a trip. One can get insurance for a few hours and have a safe and secure journey.

Wrap Up

As a young driver, you must have basic third-party insurance to protect you from potential risks. It is always an excellent option to check for relevant insurance types and coverage policies so you can choose based on your vehicle and affordability.

Patience Noah

Patience Noah migrated to the United states in 2003 after the Liberian Civil War. She attended the University of Massachusetts Dartmouth and got her B.A in Marketing. After graduating college in 2013, she started her career in the insurance industry cold calling.

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