Pay for van insurance monthly
Paying for your van insurance in monthly instalments can be easier to manage than a huge upfront sum, but keep in mind it will likely work out more expensive in the long term. If you’re looking for a flexible option, it could be the right choice.
Key takeaways
You can pay for van insurance in monthly instalments or in an annual lump sum that covers you for the year
Paying annually usually works out cheaper overall, but paying monthly can be easier to manage
You could also consider a temporary or pay as you go van insurance policy as a more flexible or cost-effective alternative
Can I pay monthly for van insurance?
Yes, you can pay monthly for your van insurance policy. Before you get your van insurance quotes, you'll be able to choose whether or not your results return monthly or annual prices.
Is it better to pay monthly or annually for van insurance?
If you can afford to take out cover for the full year and pay annually, it will work out cheaper compared to the cost of paying monthly.
Paying monthly for van insurance means essentially entering into a credit agreement with your insurer, where you end up paying interest on your premiums as you spread the cost.
However, paying monthly can help ease the immediate financial burden, and can also offer flexibility if you need to adjust your policy. It’s up to you to consider which works best.
Can I get van insurance for one month?
Yes, you can take out van insurance that will last for a month if you need to. This is known as temporary or pay as you go van insurance, and policies can last for as little as a day or as much as a few months, depending on what you need.
How can I get cheaper van insurance?
While paying annually does bring the overall cost of cover down, it does mean paying a big up front sum for your van insurance. Here’s how you can get a cheaper quote:
Improve your van’s security and safety
Installing things like alarms, devices and immobilisers, as well as keeping it parked on a driveway or in a garage if possible, reduces the risk of theft, therefore bringing your premiums down.
Pay a higher voluntary excess
If you volunteer a higher excess fee, you indicate to insurers that you’re less likely to make smaller or frivolous claims, so your risk profile goes down and so do your premiums.
Reduce your mileage
The less time you spend on the road, the smaller your chances are of being involved in an accident.
Choose a van in a lower insurance group
Vans in lower insurance groups are smaller and less powerful, so they’re at a reduced accident or theft risk - as such, they’re cheaper to insure.
Compare van insurance quotes with MoneySuperMarket
The quickest and easiest way to find affordable van insurance is to compare quotes with MoneySuperMarket. Just tell us about yourself, your van, how you’ll be using it and the type of cover you need, and we’ll look for quotes that meet your requirements.
Author
Mehdi Punjwani
Insurance specialist
Mehdi is a financial writer and editor with over six years of experience in personal finance. He has written for organisations and publications including Equifax, The AA, and USAToday, covering a...
Reviewer
Collette Shackleton
Content Writer
Collette Shackleton is a highly skilled Content Writer who has over nine years’ experience creating helpful and engaging personal finance content for consumers. Collette shares her experience as a...
