Vanlife is a romantic notion. Leaving the confines of a conventional life behind in favour of a more simple existence, living life on the road. Whilst this is true in some respects, there are certain aspects of #vanlife that aren’t instantly apparent through the tinted glasses of Instagram. Owning and running a van can be an expensive venture. First, there is the cost to buy the vehicle, then there’s the maintenance and inevitable repairs, depending on the age of the van you buy. On top of that, there’s road tax and insurance to consider. Whilst insurance has always been a large expense, fraudulent whiplash claims (find out more about new reforms to whiplash claims here) and an increase in drivers on the road have seen premiums reach an all-time high this year.
Compare the market
No, this isn’t a plug for the comparison site. But comparing various insurers and shopping around for policies which don’t appear on comparison sites can save you a lot of money. Renewing your existing policy with the same insurer is a sure-fire way to throw money away.
Increasing your voluntary excess can bring your premium down. Just be careful not to agree an amount which you won’t be able to afford.
Go third party
Having fully comprehensive insurance is a luxury. But if you’re looking to save money, opt for third party insurance to bring that quote down. Just be careful on the roads and you’ll be fine.
Where you store your van over night has a direct bearing on the cost of your insurance. By keeping your van locked away in a secure garage at night will keep that premium down.
Finally, investing in a little bit of tech can save you money in the long run. A reversing camera isn’t only useful for parking up in that precarious but beautiful camp spot, it will also lower your premium.
By being a bit savvy you can save money on your insurance and spend more on life on the road!