Plumbers in the UK are over-spending on their van insurance when leaving it to the last minute, new data reveals.
According to data held by Confused.com, more than one in two (53%) plumbers buy their van insurance 48 hours or less before their renewal date, which is costing them a whopping £854.60, on average.
Meanwhile, those shopping around the three-week mark are benefitting from savings upwards of £145. According to the data, the cheapest day to buy van insurance is 22 days ahead of renewal, when premiums cost just £706, in comparison, on average. This suggests that being that little bit more organised could in fact save Plumbers £147 (17%), on average.
But worryingly, many plumbers are leaving this admin to the last minute. While almost half (53%) are quoting in the last 48 hours before their renewal date.
According to Confused.com’s data, van drivers as a whole are guiltier of this habit that car owners. In comparison, more than a third (38%) of car drivers shop within the last 48 hours before their renewal date, only two in five (40%) of which leave it to the last day.
Amanda Stretton, motoring editor at Confused.com comments,
“A worrying number of Plumbers are leaving buying their van insurance to the last minute- a mistake that is costing them up to £147, on average. According to our data, Plumbers should consider comparing prices for their van insurance around three weeks before their renewal date in order to optimize savings. Our go-to guide highlights the many other ways van drivers can save on their insurance. It can be as simple as shopping around earlier, or tips such as making the van more secure, which will also make it less prone to theft.”