Why does my price keep going up?

A lot of people are confused as to why their van insurance policy costs more each year. In a lot of cases your price will rise, even if you have been claim free for the year, not changed any of your circumstances or your vehicle. This can even be true for people with maximum No Claims Bonus. The simple reason is that van insurance companies are forced to put prices up most years to cover the operational costs the industry experience. As mentioned elsewhere in the buyer’s guide, van insurance companies have to contribute each year to the Motor Insurers Bureau fund to cover the costs of claims involving un-insured drivers. This contribution is rising each year as there are more uninsured drivers on the road. In addition, the costs of everyone’s claims are rising. More people are claiming for personal injury than previously, and with the increase in the number of new vehicles on the road, van insurance companies have to pay higher amounts for repairs or replacements to vehicles involved in claims. The knock on effect to all of this is that we have to pay more for our van insurance policies.