--- title: Quoted van insurance premiums go into reverse, but are still up 9.5% in a year description: Van insurance premiums fell 0.8% in the last three months but are still up 9.5% year-on-year, with most quotes ranging from £500 to £749. Read the article for the full breakdown. image: https://www.consumerintelligence.com/hubfs/articles%20LP%20(1).png --- # Quoted van insurance premiums go into reverse, but are still up 9.5% in a year 30/10/24 14:35 Posted by [ Scarlett Scott-Collins ](https://www.consumerintelligence.com/articles/author/scarlett-scott-collins) - Quoted premiums for under-25s have fallen 2.2% in the past 12 months, and by 0.8% for the market as a whole in the past three months. - Van drivers were most commonly quoted premiums of £500 to £749, with more competition on price comparison websites. Quoted van insurance premiums are going into reverse but are still up 9.5% in the year to the end of September, the latest Consumer Intelligence Van Insurance Price Index¹ shows. Prices fell 2.2% for drivers aged under 25 in the past 12 months, and by 0.8% in the past three months for the market as a whole. In July, prices dropped 3% after a price cut from one of the most competitive insurers, before creeping up again. Data shows that in September 2024, the quoted premium for a new van insurance policy most commonly fell between £500 and £749, with 18% of quotes in that range, while 17% fell within the £750 to £999 price range. “Consumers are being presented with more choices, with all price comparison websites offering quotes from more brands than they were 12 months ago. However, under-25s see fewer brands available than older drivers,” says Laura Vas, Senior Insight Analyst at Consumer Intelligence. “During the last three months, quoted premiums fell by 0.8%, with a notable 3% price decrease in July driven by a price cut from one of the market’s most competitive brands, before prices rose again,” adds Vas. **Age differences in the past year **Under-25s saw quoted premiums fall by 2.2% in the year to the end of September, while quoted premiums for those aged 25 to 49 increased by 11.5%, and by 10.2% for the over-50s. Around 37% of drivers aged under 25 were able to obtain a quote for less than £1,500 in September, an improvement from the 30% able to do so in September last year. However, around 89% of those aged 25 to 49, and nearly 97% of those aged 50-plus, can secure a quote for less than £1,500 — down from 92% of those aged 25 to 49 able to do so last year. The figure for the over-50s is unchanged in the past year. **Long-term view **Since Consumer Intelligence started tracking quoted van insurance premiums in April 2014, average overall quoted premiums have increased by 207.9%. Quoted premiums for the under-25s have nearly doubled, rising by 95.5% since the launch of the index, compared with increases of 233.1% for those aged 25 to 49 and 221.8% for the over-50s. **Type of cover **Owners using vans for social, domestic, and pleasure purposes saw increases in quoted premiums of 13.1%, while tradespeople experienced rises of 8.4%. Since Consumer Intelligence started collecting data, quoted premiums for social, domestic, and pleasure have increased by 269.7%, while for carriage of own goods used by tradespeople, premiums have risen by 183.5%. --- ## **Insight that will enable you to optimise your pricing strategy ** Download our [Van Insurance Price Index](https://www.consumerintelligence.com/van-insurance-price-index-download) to gain insight into market movements, benchmark the major van insurance brands and help you understand the data behind the results.  *[![DOWNLOAD INDEX](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/2037313/ee82304b-e495-4912-b2bd-8cf5e14be462.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/2037313/ee82304b-e495-4912-b2bd-8cf5e14be462)* **Comment . . .** [pricing](https://www.consumerintelligence.com/articles/topic/pricing), [insurance price index](https://www.consumerintelligence.com/articles/topic/insurance-price-index) ##### Like it? 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