Vehicle Age & Van Insurance

Van insurers look at vehicle age in two different ways. A newer vehicle is likely to be more expensive to repair in the event of a claim as they tend to be more valuable than older vehicles. In addition, people are more likely to want to keep their newer vehicle looking good, and therefore would be more likely to claim for any scratch or scrape. The perception for some insurers is that people owning older vehicles would be less likely to take care of their vehicle when compared to drivers of newer vehicles. In addition, it can be more difficult to get parts for older vehicles should they need to be repaired following a claim. As a result of these points, van insurance companies are likely to write off older vehicles in the event of a claim rather than having to effect a repair. However, as these older vehicles are likely to be of less value than newer vehicles, the cost of claims is likely to be reduced.