PREMIUM hits are mapped in new data from insurance comparison site The Van Insurer which reveals where van drivers are paying the most – and least – for their van insurance.
East London tops the premiums poll at just under £2,000 – five times the cheapest on the Isle of Man and Jersey.
The Van Insurer analysed 3.4 million quotes provided through their online system over the last three years, to February 2017, which reveals that van drivers in some areas are taking a huge financial hit when it comes to van insurance, compared to other parts of the British Isles.
Of the 20 most expensive postcode areas highlighted by the data, 15 fall within the M25, with another just outside. The other four most expensive areas are in the North West of England.
The cheapest places for van drivers to insure their vehicles include many of the least populated parts of the British Isles, but also some sizeable towns and cities.
The area with the most expensive van insurance is East London, with an average annual premium cost of £1,971. This is more than five times the cost of the annual premiums for van driving residents of the cheapest area, the Isle of Man, who pay £361 a year on average.
A breakdown of the 20 most expensive and cheapest locations can be found in the table below:
| Top 20 most expensive places in the British Isles for van insurance | Top 20 cheapest places in the British Isles for van insurance | |||
| Location | Average annual premium | Location | Average annual premium | |
| East London | 1970.60 | Isle of Man | £360.69 | |
| East Central London | 1851.90 | Jersey | £435.96 | |
| North West London | 1802.43 | Dumfries | £449.90 | |
| Ilford | 1727.43 | Outer Hebrides | £481.45 | |
| North London | 1722.07 | Exeter | £486.77 | |
| Southall | 1661.81 | Kirkwall | £488.83 | |
| Western Central London | 1594.70 | Galashiels | £491.52 | |
| South West London | 1571.54 | Truro | £500.31 | |
| South East London | 1547.30 | Inverness | £511.86 | |
| West London | 1503.77 | Torquay | £569.41 | |
| Harrow | 1487.20 | Llandrindod Wells | £574.71 | |
| Liverpool | 1468.61 | Hereford | £599.11 | |
| Twickenham | 1351.10 | Canterbury | £607.02 | |
| Croydon | 1308.84 | Aberdeen | £610.35 | |
| Sutton | 1303.93 | Dundee | £611.38 | |
| Manchester | 1300.12 | Lerwick | £623.44 | |
| Oldham | 1286.85 | Ipswich | £623.59 | |
| Romford | 1273.17 | Llandudno | £627.09 | |
| Slough | 1268.15 | Kirkcaldy | £640.70 | |
| Bolton | 1260.22 | Norwich | £641.05 | |
The infographic below shows the five most expensive and five cheapest places in the British Isles to insure your van.
David Hort from The Van Insurer said: “Van drivers using our online quote system get the cheapest quotes available from the insurance providers on our panel.
“But, for drivers living in some places such as Greater London or some North West towns and cities, the chances are that their van insurance costs with any provider will be some of the most expensive in the British Isles, when comparing a like-for-like quote with drivers from many other cities and towns.
“Other factors that can have an impact on van insurance premiums include the age and experience of the driver, and the make, model and value of the vehicle.”
Hort added: “There are several ways that van drivers can help to bring down their insurance premiums over time, such as building up a no claims bonus. However, some individuals, especially younger van drivers, can be at a big disadvantage money-wise just because of where they live and work.
“Our mission is to help drivers find the cheapest van insurance quotes possible for them, regardless of where they are based.”
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