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October 13, 2016 at 11:47 AM

Comprehensive and appropriate insurance cover is an absolute must if you own a van or a fleet of commercial vans. It is vital to ensure that these expensive vehicles and cargo are protected and well insured.

It is with the above in mind that the following tips on technology usage may come in handy towards reducing your van insurance premiums.

Enhance Van Safety and Security

Putting in place extra measures for protecting your van has the potential of lowering your annual insurance premiums. Towards this goal, your van needs to always be in tip-top shape to avert all forms of accidents associated with lack of maintenance. For additional security, parking your van in a secure garage during the night gets better treatment by insurers. 

In-car cameras are gaining popularity, and for commercial vehicles like vans, they come with numerous benefits. Evidence captured by such cameras can be used by insurance companies in countering fraudulent claims. Manufacturers like Global Sources are producing car-side and rear-view affordable for the global market.

The cargo for commercial vans is bound to differ depending on your service area or business type, but no doubt you are likely to have some expensive cargo or assets inside your vehicle. This will need round the clock protection. If you can prove that your van and cargo safety measures are reasonable, the price of premiums is bound to come down.

 

Use Tracking Technology

In-vehicle technology like auto tracking has become a great cost saver for insurance companies. It comes with several benefits for you as well. For example, GPS technology can be used in tracking your van’s movements. GPS manufacturers are many across the world and include, among many others, American GNC Corporation, Adveto AB, Daimler-Chrysler Aerospace AG, and JRC Canada Inc.

GPS, when used together with in-vehicle camera technology makes it easier for the insurer to conduct their investigations on insurance claims, especially where there are disputes regarding liability. Claims can be dealt with quickly without insurance companies losing out financially. 

As a matter of fact, many insurance companies are looking at the usage of GPS, in-vehicle cameras and telematics technology as beneficial and are actively promoting such products as part of their policies so as to pass the savings on to the vehicle owner.

 

Use Technology to Record Van Mileage Accurately

The distance typically covered by your van can have some significant impact on the cost of your insurance premium. Under normal circumstances, the more your van is used, the more likely you are to lodge an insurance claim. However, this doesn’t imply that you should, in any way underestimate your vehicle’s mileage with the goal of getting a cheaper premium quote. The point is that you could, unknowingly be overestimating your mileage and thus ending up paying more than you ideally should be paying. This is why using technology to monitor and record your exact mileage is recommended.

There are many reputable manufacturers of mileage trackers. For example, Mileage Ace gives GPS-based mileage logs automatically once installed. MileIQeasily tracks your van’s miles to give you peace of mind knowing the records are accurate.


Conclusion

From whichever angle you look at it, van insurance is a must and quite expensive. It is absolutely necessary if you are to provide fitting and suitable protection for your valuable van and its contents. Having observed that, there are a couple of steps that you can take or implement towards bringing down an insurance quote. Take advantage of the advances in technology described above and you will be pleasantly surprised when the insurance company reduces your premiums. 

 



Tags: van Insurance Premium Blog
Category: The "Expert Advice"