Data from Consumer Intelligence shows that quotes van insurance premiums dipped by 0.8% over the past three months but are still up 9.5% in the year to the end of September. The price fall was more marked for drivers under 25 who saw rates fall by 2.2%. However, quoted premiums for those aged 25 to 49 increased by 11.5%, and by 10.2% for the over-50s.

Laura Vas, senior insight analyst at Consumer Intelligence, said: “Consumers are being presented with more choices, with all price comparison websites offering quotes from more brands than they were 12 months ago. However, under-25s see fewer brands available than older drivers.”

She added: “During the last three months, quoted premiums fell by 0.8%, with a notable 3% price decrease in July driven by a price cut from one of the market’s most competitive brands, before prices rose again.”