According to research by AA Insurance, about a quarter (24 per cent) of commercial van drivers surveyed claim that if their means of transportation was unavailable then they could lose up to an average of 362 pounds every day. As a result, consumers could well struggle to meet bill requirements, personal loan repayments and overdrafts.
Head of van insurance for AA Insurance Rhiannon Parker said: "Love them or hate them, vans are a big part of our culture and contribute enormously to the UK economy.
"Whether they're sparkies or plumbers, drivers face significant loss of earnings if their van's out of service, so it's essential to ensure they're properly covered when the worst happens."
Taking the time to make sure motor loan money is spent on a sufficient insurance policy was also advised as the average commercial van was reported to carry worth an average of 1,382 pounds in goods.
Overall, van drivers were reported to contribute over 35 billion pounds to the British economy every year and have an annual estimated turnover of some 215 billion pounds. Meanwhile, more than half (59 per cent) of van drivers believe that the vehicle is essential to the smooth running of their business, once again indicating the need to ensure motor loan cash is spent on sufficient insurance.
Earlier this week, Ian Crowder, public relations manager for the AA, claimed that despite a general increase in insurance costs, those who shop around for cover will be able to spend their car loan money effectively. Pointing to figures from the financial services company indicating a six per cent rise in insurance premiums over the course of 2006, he suggested that those using their money wisely can still access a competitively-priced deal.
He said: "For all the upward pressure on insurance premiums, there's always going to be a new provider coming in, trying to get a market share and offering big discounts. So for the savvy insurance buyer, there is always a provider willing to offer low premiums to get your business."
Despite insurance premiums falling by a "fraction of a per cent" during the first quarter of 2007, the public relations manager suggested that costs are set to rise throughout the remainder of this year which consequently may catch drivers off guard - if they do not plan their finances sufficiently - resulting in a increased pressure to service car costs and pay off debts.
Mr Crowder also reported that the value of car insurance claims is set to "rise fairly steeply" due to increasing costs in repairing vehicles and growth in the number of people looking to make personal injury claims after being involved in an accident. Meanwhile, those looking to purchase a car are being advised to opt for a competitively-priced personal loan to finance their buy instead of choosing a showroom deal.
Research conducted by Alliance & Leicester earlier this year indicated that drivers deciding to go for forecourt finance products are wasting an average of 3,000 pounds - a figure which could well aid consumers in making repayments on other forms of debt such as credit cards, overdrafts and Secured Loans.
According to the research, the AA Insurance, about one-quarter (24 percent) of commercial van drivers surveyed say that if their means of transport was not available, they lose up to an average of 362 pounds per day. Consequently, consumers will also by the difficulty of the requirements draft law, the repayment of bonds and bank overdrafts.
Chef van insurance for the AA Insurance Rhiannon Parker said: "The love or hatred, mini-vans are a big part of our culture and contribute much to the British economy.
"Whether it is sparkies or plumbers, drivers with large loss of earnings, when the vans, it is important to ensure that they are properly covered if the worst happens."
The time to ensure engine lending of money is spent, to ensure sufficient security was also informed that the average van commercial matters with an average of 1382 pounds of goods.
Overall, van drivers were to contribute more than 35 billion pounds to the British economy annually and have an estimated annual turnover of around 215 billion pounds. During this period, more than half (59 percent) of the van drivers believe that the vehicle is necessary for the proper functioning of their businesses by the need once more, motor liquidity loan to a sufficient insurance.
The earlier this week, Ian Crowder, head of public relations for the AA, claimed that despite a general increase in costs of insurance, those who magasiner to cover in a position to exercise their auto-lending of money effectively. Referring to the figures of the Society for Financial Services, a six percent of the premiums during the year 2006, he suggested that those who have their money is well spent, they still have access to a competitive price.
He said: "For all the pressure up on the insurance premiums, it is still in a new provider, seeks a market and offer large discounts. Also, buyers advice, insurance, there is always a provider to offer to the small premium for your company. "
Although the premiums under a "fraction of one percent in the first quarter of 2007, the Head of Public Relations has proposed that the costs will rise by the end of this year, therefore, drivers, in May without - if they do not see enough of their Finance - resulting in an increase in the pressure-Auto-service costs and debt.
Mr. Crowder has also pointed out that the value of the claims of the motor insurance is set to "very strong growth" due to the increase in the cost of repair of motor vehicles and the growth in the number of people who endeavor to the demands of bodily injury to you was involved in an accident. During this time, those who buy a car are being advised to opt for a competitively priced loans to finance their staff to buy rather than to choose an exhibition space matters.
The research by Alliance & Leicester earlier this year stated that the driver decide to go forecourt financial products to lose, on average of 3000 pounds - a figure that well with consumers to do the repayments on other forms of debt as Credit cards, discovered and secured loans.
Both Abbi Rouse & Daniel Vaughan are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Abbi Rouse has sinced written about articles on various topics from Personal Finance, Careers and Job Hunting and Diabetes Treatment. Abbi Rouse writes for Loan-Arrangers .co.uk where visitors can online. Then apply for the best rate. Abbi Rouse's top article generates over 49500 views. to your Favourites.
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