Part Time Motor Trade Insurance - Hobby Car Dealer Cover - MultiQuoteTime

Part time motor trade insurance

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Compare part time motor trade insurance

A part time motor trade insurance policy is for the professional who buys and sells vehicles, but does not do it as their main revenue stream. It is also referred to as auto traders insurance. Many of them specialize in a particular type of vehicle like sports cars, muscle cars or motorcycles. 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. This type of policy can be tailored made to fit your needs and the operation you have. To qualify for this type of policy at a minimum 1 vehicle should be purchased and sold per month.

What does part time motor trade insurance include?

  • Cover in case your vehicle is damaged in an accident or stolen.
  • Cover for any claims that may arise out of the work you do on the vehicles.
  • Insurance for your customer’s vehicles when you want need to carry out a road test.
  • Protection in case the tools or equipment you use are damaged or stolen when the premises are included in the policy.

Levels of road risk motor trader insurance

Motor trade road risk insurance offers the same level of protection as for full time traders, but since the risks are reduced because of the low volume of vehicles that you deal. If your are partime and only deal  with a low number of vehicles your premium costs should be lower than full time operators. The cover comes in 3 levels similar to standard car insurance and include;

Third party only

Meets the minimum requirement set by the UK government. This road risk cover repairs a third party’s vehicle and handles the medical bills of the people in that vehicle only.

Third party fire and theft

This is the same as above plus your vehicles are covered if they are damaged by fire or are stolen.

Comprehensive

This cover the costs of repairs for both vehicles involved in an accident and medical bills of the occupants of both vehicles.

All policies can be tailored to fit the needs of your business. When requesting a quote, you will have to provide information about yourself and business. This information will enable the panel of insurance brokers to offer quotes that are tailored to your individual requirements.

How can I save money on part time motor trade insurance?

To save on a part-time trade policy premium you must reduce the risk you pose to the broker. We have listed some steps that should lead to a lower premium below. Speak with your broker for other opportunities to reduce your premium.

  • Making your place of business as secure as you can with fencing or have all the vehicles parked in a locked facility. Make use of technology by installing CCTV and alarms connected to the local police station. You should also install security lighting.
  • Pay the premium annually to avoid the interest charges attached to monthly payments.
  • All insurance policies come with an excess, the amount you accept liability for.  In negotiation with your broker this  could be increased to a larger amount in return for a discounted premium.

How much will a part time motor trade insurance policy cost?

The price of a part time trader insurance policy will depend on many factors. Age is going at the top of the list as you will find the motor trader insurance under 25 can be the most expensive. The second factor can be the level and extent of cover that you require. Opting for the highest levels of cover is good when you make a claim, but you need to ask yourself is it worth the extra expense.

How do I qualify for part time motor trade insurance?

To obtain a motor trade insurance policy, you will need to prove that you are indeed an official motor trader. Providing evidence such as invoices and receipts is the most common practice. Genuine traders will have no trouble doing this.

Compare the cost of part time motor trader Insurance

Request multiple quotes for part time motor trade insurance by selecting GET A QUOTE  below. Then simply wait to receive multiple motor trader insurance quotes that match your business and financial requirements from a select panel of UK brokers. When reviewing the quotes, pay attention to any exclusions and limitations in the policies. If you have a specific requirement, make sure this is included within the policy. The panel of brokers will be able to advise and provide a policy that meets with your actual trader requirements.

Get multi quotes for part-time  trade insurance

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