How Much Insurance Do I Need For A Sprinter Van?
Sprinter van insurance is essential for those who run transportation companies or operate a delivery service.
If you or or drivers get in an accident or a claim is made against your vehicles, then sprinter van insurance will protect your business from losses.
Vans are essential in numerous industries, and many businesses rely on them to carry out their daily tasks. Being out on the road can be risky, but being protected with the right insurance can help to mitigate these risks.
But how much will sprinter van insurance cost you, and how do you find the best insurance policy for you? We’ll answer both of these questions and more in our article!
What Is A Sprinter Van?
A sprinter van is basically an enclosed vehicle, and the back of the van is easy to access. Sprinter vans are usually used to deliver goods and transport people, and it’s common for people who have a trade job to use a sprinter van to transport their equipment and tools.
Sprinter vans come in all shapes and sizes, but they are normally bigger than your standard car. They’re also known as business vans, cargo vans, company vans, and commercial vans.
Many businesses use sprinter vans, such as contractors, delivery services, rental equipment services, plumbers, electricians, caterers, and florists.
What Type Of Insurance Do You Need For A Sprinter Van?
The coverage you need will depend on the nature of the goods you’re hauling, what states you operate in and how many, and the size of your sprinter van fleet.
However, you will mostly need coverage for bodily injury, medical payments, collision, and property damage.
This is just general coverage however, and you may require additional coverage depending on your specific insurance needs.
But an insurance agent can tailor a policy for you that is specific to the needs of your business.
What Is The Average Cost Of Sprinter Van Insurance?
States each have specific requirements when it comes to the least amount of insurance coverage you need, so the cost varies. But sprinter van insurance can cost between $500 to $1,300.
However, there are factors that can affect how much your sprinter van insurance will cost, such as your history of driving and any claims made against you, your hauling radius, where your business is, your chosen deductible and limits, and even how old and experienced your drivers are.
What Do You Need To Get Sprinter Van Insurance?
To make sure you’re properly covered for a claim, insurance companies will need you to provide a paper trail so they can properly assess your case.
So here’s what you need to make sure you have insurance for your sprinter van.
Invoices And Receipts
Make sure you keep all recipes and invoices to give to your insurance company in the event of a claim.
Photographs
Taking detailed photos of your sprinter van, including the inside, outside and any valuables that you usually transport in your van comes in handy in case you need to make a claim.
It’s also a good idea to make a spreadsheet of the valuable items you transport and their cost.
Further Information
As we’ve previously mentioned, the coverage requirements for your sprinter van will vary from state to state, so you will have to check the state requirements.
Your insurance company may require additional information such as emission testing and the gross weight of the van.
How To Choose The Best Sprinter Van Insurance Policy
It can be hard to find the right insurance company to provide coverage for a sprinter van, but there are a few factors to consider when shopping around for an insurance company, so when you do have to make a claim you are treated fairly, your business is protected, and the process is relatively hassle-free.
Fair Market vs Full Replacement Value
If you are able to make the choice between fair market value or full replacement value, we recommend full replacement value as it makes a massive difference to the cost of your policy.
The fair market value is decided by your insurance company, and is based on how many miles your van has driven. It may not be equal to the fair market value based on how well your van holds its value.
Research All Coverage Options
It’s recommended to review the different types of coverage options offered by the insurance company you’re considering.
Liability insurance covers the bare minimum in most cases, all you really need is a vehicle registered in the U.S. But additional coverage is always recommended to protect yourself and your van.
As well as liability insurance, you will need at least Comprehensive & Collision coverage, Total Loss Replacement and Roadside Assistance.
Consider Personal Effects Coverage
We highly recommend considering adding Personal Effects coverage to your insurance policy. Your insurance provider may not provide this coverage and if this is the case, look into personal property insurance policies instead.
It’s relatively easy to get personal effects coverage, and you’ll only ever need to submit photos of valuables and recipes to send to your insurance company.
Annual policies are usually fairly affordable too. You can also have different levels of coverage too, so work out the cost of the valuables you transport to see how much coverage you may need.
Final Thoughts
The cost of a sprinter van varies due to a variety of factors, such as the nature of your business and where you operate your business.
But getting as much coverage as possible is essential to ensure that your business and property is protected, as well as your sprinter van.