Van premiums drop by 4.7% over last year

Van insurance policyholders have seen their quoted premiums drop by 4.7% in the 12 months to May 2025.

This is according to Consumer Intelligence’s latest Van Insurance Price Index, released on 27 June 2025, which also revealed that quoted premiums saw a 4.2% decrease in the three months preceding May.

The price drops meant that quoted premiums for a vehicle commonly fell between £500 to £749 and £750 to £1,000, with 19% of quotes recorded in each price range.

Drivers in the 25 to 49 age bracket saw the largest savings, with cover down 5.6% over the past year, while over 50s saw the lowest falls at just 1.6% across the same period.

’Deflationary trend’

Despite the recent falls, van insurance has seen a prolonged upwards trend in policy pricing, with average premiums up 191% since the index began in 2014.

Laura Vas, senior insight analyst at Consumer Intelligence, said: “The deflationary trend started as we moved into 2025. Over the past three months, many competitive providers have lowered their rates.

“That is most noticeable among brands from some of the biggest direct insurers, helping them to grow their share of the top five positions and maintaining competitive pricing on price comparison websites.

“The leading brand for competitive share expanded its footprint further, extending its lead by offering affordable options to an increasing number of van drivers.”