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According to the latest data from online insurance price comparison website The Van Insurer, van drivers in Oldham are paying the highest premiums for comprehensive insurance in the UK.
The data shows a mixed picture of premiums, with a clear northern ‘divide’. Alongside Oldham, three other cities in the north-west of England feature in the top 10 most expensive locations for van insurance, compared to none in the North-East.
Manchester took the fifth spot, Liverpool came seventh and Bolton was placed 10th.
More than London
Van drivers in Luton and Slough are paying the second and third most expensive premiums, higher than central London.
London was only the sixth most expensive place for van drivers to get insured, with the average comprehensive policy costing around £1,468 per year. Birmingham, the UK’s second biggest city, came lower down the rankings, placing eighth at approximately £1,458 per year.
Cheaper options
At the other end of the scale, van drivers in Scotland were likely to enjoy the lowest regional average and Staffordshire town Newcastle-under-Lyme had the cheapest premiums in the whole of the UK, with van drivers paying on average £567 per year.
Similarly, Redditch, Lincoln and Mansfield, all in the Midlands region, came within the 10 cheapest cities to get van insurance.
Van drivers in Harrogate, which was the fifth cheapest place to get insured last year, enjoyed a 6 per cent drop in their average policy price, from £742 in 2017 to £697 in 2018.
Van drivers in Liverpool might be paying top-10 rates for their insurance but average prices dropped 17 per cent, from £1,766 to £1,465 from 2017 to 2018.
Likewise, Manchester based van drivers saved an average £219 in 2018 compared with the previous year with average policies dropping from £1,704 to £1,485 respectively.
The Van Insurer
Jade Isabelle, commercial director at The Van Insurer, said: “Most people will appreciate that van drivers in rural areas are likely to pay less for their insurance premiums compared with drivers in cities but it may come as a surprise to those in the North-West to have higher premiums versus their neighbours in the North-East.
“There are many different factors that can affect how much van drivers pay for their policies, from accident and theft rates in the area to the age and specification of the van.
“Whatever the premium, van drivers want to know they are getting the best possible deal for the insurance cover they need.”
Top 10 most expensive cities for van insurance in 2018:
1. Oldham £1,630
2. Luton £1,492
3. Slough £1,489
4. West Bromwich £1,487
5. Manchester £1,485
6. London £1,468
7. Liverpool £1,465
8. Birmingham £1,458
9. Bradford £1,445
10. Bolton £1,424
Top 10 least expensive cities for van insurance in 2018:
1. Newcastle-under-Lyme £567
2. Chesterfierld £633
3. Redditch £634
4. Shrewsbury £690
5. Harrogate £697
6. Lincoln £712
7. Ipswich £727
8. Mansfield £729
9. Worthing £756
10. Bath £772
Picture: Van drivers in Oldham are paying the highest premiums for comprehensive insurance in the UK.
Article written by Brian Shillibeer | Published 04 April 2019
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