Pearson Ham launches UK Van Insurance Price Tracker as competitive premiums fall over 20% year-on-year

Pearson Ham Group today unveiled its new Van Insurance Price Tracker, a daily, market-wide view of competitively quoted van insurance prices across the UK.

The first publication from the tracker, presented at a webinar today, shows that the average of the top-five quoted premiums continued to fall over the summer, down -3.3% across the last quarter (June to August), -7.7% over the past six months, and now more than -20% lower than a year ago.

While the market headline has eased steadily since mid-2024, the tracker highlights increasing divergence beneath the surface. Some major providers cut rates by up to -14% in the last quarter, while others increased prices by as much as 9%.

Regionally, London recorded the largest annual reductions at around -21%, and by age, year-on-year falls range from -17% to -23%. , with the sharpest declines among younger drivers. Younger drivers saw the biggest annual price drops, with older drivers seeing the smallest.

Across annual mileage bands, price movements have been strikingly consistent with year-on-year changes range from −19% to −21%, indicating a broad-based reduction irrespective of expected distance driven. By vehicle usage, reductions range from −17% to −21%, with smaller cuts observed for haulage risks, a comparatively small segment of the market.

“A year of sustained easing has reshaped the competitive landscape in van insurance. 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.”

“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.”

Pearson Ham’s tracker is built from live PCW quotes gathered daily, using consumer panels with real risk profiles, rigorous data cleansing and key pricing metrics to ensure like-for-like comparability. Results focus on the average of the top-five quoted premiums, reflecting movements in the most competitive part of the market.