Van insurance news
20/07/2009

Van insurance quote news

There is evidence that the government's vehicle scrappage scheme is having negligible effect on the sale of new vans, with very few light commercial vehicle owners seeking van insurance quotes for vans purchased under the scheme.

And there is little to suggest that there will be any significant rise in the number of van insurance quotes sought for scrappage scheme purchased vans.

A spokesperson from the Society of Motor Manufacturers and Traders (SMMT) says that the shorter lifespan of vans means that the scrappage scheme has little relevance for many commercial vehicle operators. "In respect to CVs, the scheme is imperfect and would be more relevant if it was set at seven years. The issue here is what constitutes an LCV? Things become more complicated," he said.

However, the failure of the scrappage scheme to attract new van buyers means that the secondhand van market remains healthy, with demand high and van insurance quotes for secondhand vehicles being sought near the peak levels of January 2008.