Signs van insurance premium falls slowing after 5% annual drop

Quoted van insurance premiums fell 5% in the year ending August 2025, according to the latest Van Insurance Price Index from market research firm Consumer Intelligence.

The data, released today (30 September 2025), also highlighted that the recent fall in cover price may be slowing, with quoted premiums dropping just 1.3% in the three months leading up to August.

The largest price falls were seen in the 24 to 49 age range and among those who used their vans for work related purposes, with there being 5.7% and 5.6% annual drops respectively.

Meanwhile, overs 50s saw the smallest savings, seeing their cover reduce by just 2.6% in the past year.

Price range

The most commonly quoted price range for policies was in the £500 to £749 range, accounting for 20% of quotes, while a further 18% of quotes fell within the £750 to £999 range.

The recent price drops mark only a brief deviation from a long-term trend of price hikes that has been seen since the index began in 2014. Indeed, average van cover has risen by 187.3% over the last decade.

Laura Vas, senior insight analyst at Consumer Intelligence, said: “Van insurance new business quotes continue to fall, building on the trend which started this year.

“Two direct insurer brands continue to lead in competitive share, although they have lost some of their share due to them maintaining or increasing prices over the past three months.

”Many providers, particularly brands from intermediary insurer groups, have reduced their rates, offering some van drivers more affordable quotes.”