UK van drivers cover 57.5 billion miles
A new study has revealed that the average van driver covered 12,500 miles last year.
Vans accounted for 18% of all motor vehicle traffic in 2022 and logged an unprecedented 57.5 billion miles, marking a substantial increase from the previous year.
According to the research conducted by Go.Compare Van Insurance, this surge has significant implications for van owners’ insurance premiums. Van owners covering 10,000 to 14,000 miles annually pay a median insurance price of £544, according to the insurance comparison site.
As mileage increases, premiums rise, reaching £634 for those covering 15,000 to 19,000 miles per year, and soaring to £871 for those surpassing 20,000 annual miles – a notable 60% increase on the lowest tier.
Tom Banks, motoring expert at Go.Compare, said: “As we witness a record-breaking increase in van mileage, it’s crucial to understand the ripple effect on insurance premiums. This surge not only signifies a fundamental change in transportation patterns but also raises valid concerns about the financial implications for van owners.
“Insurance premiums are sensitive to factors like mileage, and as van drivers clock more miles, the risks of incidents and wear and tear naturally escalate. Staying on top of maintenance and taking care of your vehicle can help to alleviate future mishaps.
“Van owners should also be vigilant, making sure to accurately estimate their annual mileage and compare deals to navigate potential premium increases effectively. By doing so, they can safeguard both their vehicles and their wallets.”
