Trader Insurance - Under 25 Cover Available
Bespoke cover for your trade, One short form – save time & money
Search and compare cheap quotes from leading EV Car Insurance providers including
Tailored quotes from a panel of motortrade Insurance specialists
Traders Insurance
For owners in the motor trade business who have employees that are under the age of 25 there is a special insurance policy you need to protect yourself and your business. This is motor trade insurance made specific for the business owner with younger employees.
The cost of Motor Trade Insurance for under 25 years of age employees or owners is higher than the industry average. The increased price of the premium is due to the associated risk insurance companies assign to younger drivers by default.
Who needs under 25 motor trade insurance?
The motor trade insurance for under 25 is specifically designed to financially protect those who are the boss and under 25 years have employee's under the age of 25.
Businesses in the motor trade industry include new and used vehicle dealers, motor traders working from home, emissions testing facilities, repair garages, auction houses, vehicle restoration and modification specialists and valet service businesses. All of these businesses are required by UK law to have motor trade insurance to operate their business.
What is Motor Trade Insurance?
Motor trade business are those repair shops, car dealers, auction houses and testing centres that operate someone else’s vehicle as part of their business. This insurance will cover the costs of repairs to a vehicle that is involved in an accident that might or might not be the fault of the operator.
What type of motor trade insurance is available?
All the types of policies listed below are also required to have public liability cover as part of their policy. Those businesses with employees must also have employer liability cover.
Can a motor trade business have employees under the age of 25 and avoid the higher rate associated with young drivers?
Yes, there can be employees working for a motor trade business that are under 25 years of age and avoid the higher premium costs under certain circumstances. The restriction is the employees under the age of 25 can never under any circumstances operate any of the business’s vehicles, not even around the lot. If they do and there is an accident, the claim will be rejected if submitted.
The most common positions of these young people include administrators, receptionists, car washers and janitors.
What requirements warrant a motor trade insurance for under 25 traders insurance policy?
Employing anyone under the age of 25 that will operate a vehicle of the business. These employees must have possessed a UK driving licence for a minimum of 1 year prior to employment. The minimum age differs from the many insurance firms who offer this speciality type of cover that includes 18, 22 and 23.
Are there any add-ons that should be considered for the motor trade insurance under 25 policy?
Are there Different Types of Motor Trade Insurance?
Like any insurance, you can add additional elements of insurance to the base policy. For example, if you are a mechanic and also offer a vehicle recovery service for your customers, you would need recovery truck insurance to be included in your mechanic's base policy,
Who Qualifies for Motor Trade Insurance under 25?
What Affects the Costs of under 25 traders insurance?
By law, everyone operating a vehicle on the road in the UK must be covered with a minimum of 3rd party liability insurance. In the motor trade industry, the recommended minimal coverage is a comprehensive policy.
The reason motor trade insurance for those under 25 is higher than other drivers is the higher risks associated with covering younger drivers.
Start comparing under 25 and under 21 traders insurance.
Regardless if this is a new venture or time to renew your annual policy, it is best to compare all the options for under 25 insurance that are available. We have partnered with Quote Zone, who can help by providing multi under 25 traders insurance quotes, from a panel of UK brokers. Start by selecting a quote button below.
Compare Young Drivers Insurance
Motor Trade Business Types Insurance
Niche Providers of Motor Trade Insurance Include:
Compare Electric Car Insurance Quotes
Tailored EV car cover available, You could save up to £490*, Easy Form for multiple quotes
Don’t have your registration number? No problem, click here.
Electric Vehicle Models Car Insurance
Niche Providers of EV Car Insurance Include:
*51% of consumers could save £490.26 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next four cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based
on representative cost savings from June 2023 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.