Industry News from Yes Insurance

Drivers may want to start searching for van insurance for a used model, if recent figures are anything to go by.

For the first time in three months, values for second-hand light commercial vehicles (LCV) have slipped, BCA has announced.

Although typical prices are still above the low of £2,772 seen last December, March saw them slip by an average of £71.

This means they are currently standing at £3,472, which BCA pointed out is significantly lower than in January last year when they hit £3,868.

However, the dip may soon be reversed as optimism in the sector is high, so buyers looking to bag a bargain may want to act quickly.

BCA spokesman Duncan Ward commented: "There is a lot more confidence in the used LCV market in 2009 and that is reflected in stronger bidding, higher conversions and improving prices."

Drivers may find taking the time to secure a cheap van insurance policy is a good way to cut running costs.

Looking for a cheap van insurance quote? Why not try yesinsurance.co.uk