Van insurance premiums fell by 4.4% in the three months to November 2025 and are down by 19% when compared to the same period last year. The data from consultancy Pearson Ham Group’s latest van insurance price index shows that premiums are down by 26% since their peak in mid-2024.

Pearson Ham said carriers were not applying reductions uniformly and that some had slashed rates in the last quarter by 33% while others had offered more modest cuts of just 6%.

Stephen Kennedy, director at Pearson Ham Group, said: “A year and a half of sustained easing has reshaped the competitive landscape in van insurance. Prices have fallen month after month since June 2024, but this overall trend is far from uniform.

“Some carriers are pushing rate reductions aggressively, while others are holding back. That divergence is now a defining feature of the market and explains why individual insurers’ performance often deviates from the industry average.”