Average van insurance premiums begin to rise

After over a year of rate drops, van insurance premiums have climbed by 2.3% over the past quarter, tentatively heralding an end to the line’s persistent soft market conditions.

This is according to the latest Van Insurance Price Index, release 26 March 2026 by market research firm Consumer Intelligence.

The data – representing an average of the five cheapest quoted prices on comparison websites – showed that, in February 2026, average cover stood at £1,674, some £38 higher than three months prior.

The figure, however, is 6% down on the same period one year ago, when policies cost consumers on average £1,728.

The soft market environment seen over the last several years does, however, stand in contrast to a much longer trend of price increases. Indeed, van insurance premiums are currently 185.5% higher than in 2014, when the index began.

Clear signs

Laura Vas, senior insight analyst at Consumer Intelligence, said: “After a sustained period of falling premiums, we are now seeing clear signs that pricing is starting to move upwards again.

“The majority of competitive insurers have increased prices in recent months, reducing the availability of the cheapest quotes. At the same time, changes in the competitive landscape, including insurer exits and strategic repricing, are beginning to feed through into customer premiums.

“While affordability improved over the past year, particularly for higher-risk segments, these latest trends suggest that the window of declining prices may be closing.”