Van insurance premiums have fallen sharply over the past year, with quoted prices down 8.9% year-on-year to the end of November, according to the latest data from Consumer Intelligence.

The Consumer Intelligence Van Insurance Price Index shows that the pace of deflation accelerated in the final quarter of 2025, with premiums falling 3.0% over the past three months amid intensified competitive pressure across the market.

Price movements weren’t limited to specific driver groups or usage types, either, with the latest figures pointing to a broad-based correction as all age groups and use cases saw reductions in quoted premiums.

Younger drivers see the biggest falls

Drivers under 25 saw the steepest annual decline, with quoted premiums falling 9.5% over the past 12 months. Those aged 25–49 were close behind, seeing average reductions of 9.3%, while drivers aged over 50 experienced a smaller fall of 6.8%.

Affordability has improved most noticeably among working-age drivers. In November, nearly 55% of drivers aged 25–49 were able to find a quote below £750, compared with 43% a year earlier. For under-25s, 43% were able to source quotes under £1,500, up from 40% last year.

Premium reductions were broadly consistent across different types of van use. Drivers using their vans for Carriage of Own Goods — typically tradespeople and small businesses — saw premiums fall by 8.9% year-on-year, while those using vans for Social, Domestic and Pleasure (SDP) recorded a similar decline of 8.7%.

The most common quoted premium bands in November were £500–£749 (19.7% of quotes) and £750–£999 (18.5%).

Long-term van insurance costs still significantly higher

Despite the recent downturn, van insurance costs remain substantially higher than they were a decade ago. Since Consumer Intelligence began tracking quoted premiums in April 2014, average van insurance prices have risen by 179% overall — well above inflation of 39%

Over that period, premiums for under-25s have increased by 78%, while drivers aged 25–49 and over-50s have seen rises of 200% and 195%, respectively. Premiums for SDP cover have increased more sharply than work-use policies, rising 239% since tracking began, compared with 155% for Carriage of Own Goods.

Consumer Intelligence says the latest data reflects intensifying competition between insurers across both direct and intermediary channels, as firms continue to rebalance portfolios and respond to claims experience.

Phil Huff
Latest posts by Phil Huff (see all)
Published on