Van Leasing Hub
If you want to learn more about the benefits of van leasing, whether you should choose an EV or decide if leasing is the best option for you, we've got everything you need to know in our hassle-free guides below.
- Van leasing with insurance guide
- Do I need leased van insurance?
- Can I lease an insured van?
- What does insured van leasing cover?
- Who is eligible for van leasing insurance?
- What happens if I’m in an accident?
- What happens if my van is stolen?
- What insurance do I need for my lease van?
- How can I get the lowest van leasing insurance rate?
- Should I choose an insured van lease?
- Van Leasing Insurance FAQs
Van leasing with insurance guide
From breakdown cover to excess mileage protection, lots of things are optional when you take out a van lease. One detail that’s non-negotiable? Insurance. As a business owner, you can choose to lease with or without insurance.
But it’s important to understand that if you opt for van lease deals without insurance, you’ll still need to source cover from a third party.
While both options have their merits, van leasing with insurance offers unmatched convenience and peace of mind with all your motoring costs in one monthly payment. With insurance included in your lease package, you can drive away in a brand-new van without the hassle of arranging cover with another company.
Whether you have your eye on a bestseller like the Ford Transit Connect, an all-electric model like the Volkswagen ID. Buzz or a budget-friendly option like the Citroen Berlingo, van finance can get you into the driver’s seat.
Want to know more about how leased van insurance works? In this detailed van leasing guide, we’ll walk you through everything you need to know about how the process works, what to expect and tips on how to score the best deals.
Do I need leased van insurance?
Just like purchasing a vehicle outright, motor insurance is a must when leasing a van. It’s a legal requirement in the UK and mandatory if you plan to drive on public roads.
Third-party insurance is the legal minimum and offers cover if you have an accident that causes damage to another car. You’re also covered for injuries to people or animals. Third-party policies don’t cover damage to your own van, which could leave you out of pocket if you’re at fault.
While you can arrange cover separately, a van lease with insurance streamlines the process. Both your leasing agreement and insurance policy are rolled into one which makes payments easier to manage.
Can I lease an insured van?
Van leasing with insurance is a terrific option for businesses that covet convenience and cost-effectiveness. Enjoy a cache of benefits, including comprehensive insurance coverage, maintenance and repair services, breakdown assistance and more – all bundled into one package.
This not only streamlines the leasing process but simplifies your budget by combining expenses into a single monthly payment. Plus, with insurance included in your lease, you can avoid the hassle of searching for separate policies and negotiating premiums.
What does insured van leasing cover?
When you lease an insured van, expect comprehensive coverage that includes:
- Third-party liability – covers damage to other vehicles or property in an accident where you're at fault
- Theft – protects against theft of the van or its contents
- Vandalism – covers damage caused by vandalism or malicious acts
- Accidental damage – provides coverage for damage caused by accidents, collisions or other unforeseen events
- Fire damage – protects against damage caused by fire or explosions
Who is eligible for van leasing insurance?
Van leasing insurance is available to a wide range of individuals and businesses, including:
- Sole traders
- Small businesses
- Medium to large enterprises
- Individuals with a valid UK driver's licence
Anyone who meets the finance company’s criteria is eligible for van leasing with insurance. Leasing can be useful for new and growing businesses that want to upgrade to a new vehicle while preserving capital.
Whether you're a self-employed tradesperson or a corporate fleet manager, leased van insurance could be your ticket to a smooth and stress-free ride.
What happens if I'm in an accident?
We get it – accidents happen. Whether it’s a small bump or a serious pileup, comprehensive leased van insurance has you covered.
At Leasing Options, we back our comprehensive Fuel & Go package with a 24/7 Driver Helpline. Simply call 0370 664 499 to report the incident. We’ll send help and set to work getting you and your van back on the road as soon as possible.
Our response times are faster than the industry standard and we’ll never leave you stranded on the roadside for hours or without a set of wheels for weeks.
What happens if my van is written off?
If your van is written off after an accident, your finance company will assess the damage and decide whether to repair the vehicle. If the cost of repairs is too high, your lease may be terminated, and you might be eligible for a replacement van or compensation.
What happens if my van is stolen?
Act swiftly to maximise the chances of recovery! Here’s what to do:
Contact the police: Report the theft to the police immediately and request a Crime Reference Number (CRN) for insurance purposes.
Call the Driver Helpline: Contact the Driver Helpline within 24 hours to inform them of the theft and provide the CRN. With leased van insurance you don’t need to worry about contacting your insurance provider – the leasing company takes care of this.
What insurance do I need for my lease van?
Most van leasing deals give you several types of insurance coverage to consider. Here’s a closer look:
Types of van lease insurance
Below, you’ll find the different types of insurance cover you’ll have to choose from:
Fully comprehensive insurance - provides the highest level of coverage, including protection against damage to your van. You’re also covered for third-party liability, theft, fire and vandalism
Third-party insurance - The bare minimum in the UK, third-party insurance offers basic coverage for accidental damage to other vehicles or property when you're at fault. This type of insurance can be suitable for budget-conscious businesses but may not offer enough coverage in some situations
Theft and fire insurance - Provides coverage specifically for theft and fire-related incidents – good for bare-bones protection for your van and its contents
Before choosing an insurance policy, it’s important to carefully assess your needs and budget. Fully comprehensive insurance offers the most coverage but generally comes with higher premiums. On the other hand, options like third-party only can unlock cost savings but may leave you out of pocket in some situations.
How can I get the lowest van leasing insurance rate?
Budget is a priority for most businesses and motor insurance is one area where there are significant savings to be found. Here’s how to score the best deals:
- Compare quotes – Shop around with multiple insurance providers to compare rates and coverage options
- Consider excess levels – Opt for a higher excess to lower your insurance premiums
- Maintain a clean driving record – Insurance companies typically offer discounts to drivers with a clean record
- Bundle policies – Consider bundling your insurance with your van lease to qualify for multi-policy discounts
Should I choose an insured van lease?
Choosing van leasing with insurance provides businesses with unparalleled benefits -convenience, cost savings and peace of mind. With comprehensive insurance bundled into your van lease package, you can avoid the hassle of separate policies, unlock financial savings and know your van is fully protected against various risks.
Whether you're a small business owner, self-employed or manage a corporate fleet, leased van insurance streamlines operations and leaves you free to focus on growing your business.
Discover your brand-new van with a van lease deal today or contact our expert team to chat through your options.
Van Leasing Insurance FAQs
Still have questions about van leasing deals with insurance? Let's answer some common queries:
What is Fuel&Go?
Fuel&Go is our all-inclusive leasing package, which includes insurance, maintenance, breakdown assistance and other perks. With Fuel&Go, you can enjoy total peace of mind that all your vehicle-related expenses are covered, with payment rolled in one convenient package.
When should my van lease insurance start?
Your leased van insurance should start on the day your van is delivered. Check coverage is in place before you start driving your van to protect yourself against potential risks.
Does van leasing insurance cover private use?
Yes, van leasing insurance usually covers both business and private use. This gives you comprehensive coverage for various scenarios. Whether you're using your van for work-related activities, personal errands or family outings, you can hit the road with confidence.
Who do I need to tell if I’m involved in an accident?
If you’re involved in an accident while driving your leased van, it's important to notify our Driver Helpline immediately. Our dedicated team will guide you through the claims process, assist you in obtaining documentation and most importantly, offer the support you need during what can be a stressful time.
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