Good news at last for sandwich van insurance quote seekers – the AA says that the cost of motor insurance premiums could be about to level off.
Until now the cost of sandwich van insurance has been, along with quotes for other types of commercial vehicle cover, spiralling out of control, seemingly headed for the stratosphere.
However, new figures from the AA British Insurance Premium Index reveal that after two consecutive years of record premium increases, in the three months until the end of June, motor insurance premiums increased by 3.6%, which, although it doesn't sound like good news, is actually the lowest rise recorded in the past year-and-a-half.
The news has the potential to be of particular interest to younger people starting out in the sandwich van business, who, until now, have been punished by the higher cost of premiums for young drivers.
Simon Douglas, director of AA Insurance comments, "The easing of insurance prices is welcome news, especially for young drivers whose premiums have become unaffordable for many. I predicted last year that during 2011 we would see competitive pressure returning to the market which would help to reduce the rate of increase."
However, it is not only affordable sandwich van insurance that sandwich van businesses need to succeed – recent surveys indicate that recession-hit consumers have been saving money by packing their own lunchboxes.