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Vanarama launches multi-year insurance policies alongside vehicle leases

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Vanarama Insurance Services has launched its first multi-year policies.

The policies allow small business customers to combine lease and insurance costs.

Vanarama customers are offered a premium guarantee on van insurance policies, which means the annual cost of insurance will not change from the day you buy it across the duration of your lease, subject to circumstances remaining the same.

The policy means a customer can lease a van for three years and get a multi-year insurance policy with a premium that doesn’t change year-to-year.

The cost is split into an initial payment and then monthly instalments, and can run in parallel with vehicle rental charges.

A Vanarama spokesman added: "By working with us you avoid the depreciation in value of your van by leasing it, you control the cost of the finance agreement with the terms you select, and now you can control the cost of your insurance with a multi-year fixed-premium insurance policy.

"The only thing we can’t help you control is the price of fuel, but then who can?"

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