Pricing consultancy Pearson Ham has revealed its new Van Insurance Price Tracker, which monitors competitively quoted van insurance premiums across the UK. It said the current average of the top-five quoted premiums was down by 20% on the same time last year and by 7.7% in the past six months.

Pearson said its research had uncovered significant variance between providers with the most aggressive cutting premiums by up to 14% in the last quarter. At the other end of the scale, some had increased pricing by as much as 9%.

Stephen Kennedy, director at Pearson Ham Group, said: “Our new tracker shows prices have fallen month after month since June 2024, but the picture is far from uniform; some carriers are still pushing hard on rate, others are consolidating. That divergence is now the defining feature of the market and it explains why individual performance often fails to mirror the averages.”

Frances Luery, product manager at Pearson Ham Group, added: “The tracker gives insurers and brokers a daily, granular view across driver age, region, usage and product tier. We’re seeing notably consistent year-on-year reductions across mileage bands, smaller cuts for haulage, and the sharpest falls among younger drivers. This level of segmentation helps market participants understand where pricing is moving and why so they can respond with precision.”