Compare Caravan Insurance

If you are looking for caravan insurance quotes online, or have done so in the past, then you may be used to the way that things work on some sites. Insurance quotes are not all the same for every caravan owner and their van so the chances are you may have to fill in a few details or answer a few questions before you are shown an actual quote.

This makes sense, after all. If you own a brand new state-of-the-art van, then your insurance needs and costs may well be higher than if you own an older model. Answering the questions you may be asked and/or giving relevant information may therefore help you make sure to get an accurate and competitive quote.

Accuracy is important when it comes to caravan insurance quotes. For a start, if you make a guess when you are asked a question about your caravan or your insurance requirements then any quote you are given may not be accurate. What you’ll get here is a quote based on your guesstimate rather that one based on reality.

Plus, if you don’t mention something important or if you under-value what you need in cover terms then you may well be given a quote that won’t do more than cover your basic needs. Being accurate when you look for a quote isn’t just about keying in accurate data – you may need to work on this actual data before to make sure that you get it right.

Online caravan insurance quotes are basically tools. They are based on hard facts and evidence and, unlike people, they won’t ask you questions if they think you’ve got something wrong or have missed something out. So, in order to get accurate quotes you do need to put in solid information. It may, therefore, be worth looking at an online quote service, working out what questions you’ll be asked and then going away to find out what you need to know before you get to the quotation stage.

Once you start to look at caravan insurance quotes you may notice that the costs you are given are linked up to something known as IPT or Insurance Premium Tax. In the majority of cases you’ll only notice this when you ask for a quote on a policy. The cost of your premium for the cover is often stated as a sum that includes IPT. So, what is this and how does it work?

Insurance Premium Tax has to be paid by companies that operate in certain areas such as insurance where the income that they make is subject to tax. So, an insurance company that sells caravan policies has to deal with this tax when they agree policy arrangements with their customers and start taking premium payments.

There are two charge rates for IPT (17.5% and 5%). Luckily, in the UK the rate given for caravan insurance is set at the lower rate of 5%! This tax basically is added to the cost of the premium you pay for your insurance by the company. In most cases it is added on to caravan insurance quotes with a note explaining that the quotes are given to include IPT tax. In some cases, insurers may list their quotes and IPT costs separately and then total them but this may be relatively rare.

Although an insurance company has to list their IPT costs somehow with caravan insurance quotes this isn’t something that consumers are able to do much about. This is a tax that insurers have to deal with and it is added to the consumers’ costs as standard. So, there’s no way to try and cut costs by having the tax deleted! But, given the extra costs this brings with it, you may want to try and find suitable policies at the lowest costs. A specialist insurance broker may be able to search for them on your behalf to show you a variety of cost options.