Motor Traders Insurance
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What is Motor Traders Insurance ?
Many types of trades exist typical examples include motor trader, van trader and bike trader. Whichever trade you are in we can provide you with multiple traders insurance quotes. MultiQuoteTime works in partnership with QuoteSearcher who can help you by providing multiple car trader insurance quotes from a panel of select UK brokers and underwriters. To get started select the Start your Quote option above and complete one simple online form. Once submitted you will be contacted via telephone by specialist motor trade insurance brokers proving you with a range of quotes for your insurance.
What is car dealer Insurance?
Car trader insurance also referred to as road risk Insurance is a cover specific to a business that deals with motor vehicles. These can be any type of motor vehicle, including vans, cars, motorbikes, electric vehicles and minibuses. Examples include dealers who buy and sell cars, mechanics that offer a repairing and servicing service, a garage or MOT centre. Car traders can be either full or part-time and policies are available to both of these trader categories.
What levels of motor trade Insurance are available?
Who is required to take out a motor trade policy?
For anyone who deals with a third party vehicle, Road risk motor trade insurance is required by UK law. This includes vehicle dealers who buy and sell vehicles, mechanics and even valets. If you have to operate a third party vehicle or a vehicle you will only own temporarily, you need motor trade insurance. Employees in the motor trade business are not required to have coverage if their employer has them covered under their policy.
Who is covered under a motor trade Insurance policy?
Any owner of the business or employee will be covered if and only if they are named in the motor trade policy. Some policies are written so that any employee of a motor trade business will be automatically included as a named driver, but there are higher premiums associated with that type of cover.
Are you eligible to apply for trade Insurance?
Many underwriters will require solid proof that you qualify for motor trade insurance. This boils down to being able to provide proof that you work in the motor trade. Examples of this type of trade work include the buying or selling of motors, the repair or valeting of vehicles or the transportation of vehicles. This is not a question of being a full time or part-time trader, but that you actively operate within the motor trade industry and that you can provide proof of this. In summary who will need to meet the following requirements.
Both part and full time operators in the motor trade business can take out a car trader insurance policy. Most insurance firms only issue this type of policy to people from 25 to 74 years of age and who can prove they are in the motor trade business. No one else will qualify for this specific type of cover.
Some ways to reduce your traders insurance premium
Find out more about motor trade insurance
If you are considering starting a motor trade business you will most likely carry out online research to find answers to your specific questions. We have compiled some start up guides, some of which may have answers to your trade start up questions. We have also an FAQ section which we regularly update with common and sometimes unusual questions that we get asked. Before taking out a motor trade policy, know what should be covered and at what level. Then shop for the best quote that provides what you need.
Compare a range of quotes from a panel of exclusive brokers
QuoteSearcher works with a wide range of insurance brokers that offer policies that can be tailored to your exact business requirements. This means that the cover provided is not in excess of your actual requirements. This means that you only pay for the cover that you need.
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