Just been through this pain with my son.
Approaching 17, he announces he wants a Toyota Hilux. Let's call it the Top Gear effect.
Anyhoo, I have a mate who is selling one for about £2K, and it's a reasonable beast. So, I get on the phone to the insurance companies. Insured for me for business use with the lad on as a 'frequent use, non-business driver' it's £600 for the year. Hilux gets bought.
A year on, and it's starting to get unreliable so I'm looking to change it. He wants lower fuel bills, and would like a back seat as well. Call the insurers up. Hilux renewal is £500 if I want it. They are commercial vehicle specialists, so won't insure him on an estate car under the same terms as the pickup until he's 25. How about an Astra Van? I have spotted one on eBay, 1.7CDTi, 2002 model, factory fit rear seats, £1200. Insurance want £600 fully comp for me for business use and him on as a 'frequent use non-business driver'.
As a comparison, I tried various 'specialists' claiming to be the ones to go to for young driver insurance – for a hypothetical Ford Focus 1.4 it would be £3000 to insure for a year.
The Astra gets bought. Hilux sold. All happy.
So, if you are in a position to insure a pickup or van (anything commercial) as a business vehicle, you can get some good deals on insurance.
I once had a 2CV van for a while – complete bastard to get insurance for on a non-commercial basis (didn't have my own company then).
That said, it only costs you £50 to set up a limited company……
Insured with RSA, through Autonet.