Fleet News

Vanarama launches multi-year insurance policies alongside vehicle leases

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?"



Click here for fleet insurance best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee