Ask a Question

Is a van cheaper to insure than a car?

My son turns 17 next March. Once he passes his test in a car, he wants a small van - Caddy size - for travelling to various sporting events (have you seen the size of goalkeeping kits?). Would this be a cheap thing to insure or are we better with something like a Dacia?

Asked on by

Insurance for young drivers is expensive at the best of times, but things get decidedly worse when you add vans into the mix. Indeed, during our research, a driver who is just 18-years-old can be quoted at least £3734 for 12 months’ cover for something as common as a second-hand Ford Transit Custom:

Given the sky high premiums, your son would be better off starting with something simple like a Ford Fiesta (insurance will be half that of a van). Once he's built up a couple of years of no claims he could then move onto a van. If he wants something practical and new, the Dacia Logan MCV is the cheapest estate on sale right now:
Similar questions
My 19 year old son is just about to qualify as a carpenter and needs a van because he will be self-employed. Please can you advise the best type of van insurance company who specialise in young drivers...
My insurance company have cancelled my van insurance due to a mistake that was made when purchasing online. I forgot to declare a motoring conviction for a bald tire I received four years ago, will this...
My son started a gardening business last year and insured a Renault Kangoo Van for £360. It is his first vehicle despite him being 45 years old. This year we were expecting it to reduce with one year's...

Ask Honest John

Value my van

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17


48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH