Motor Trade Insurance
Are you already established as a motor trader? We can provide the required insurance to support your business activity. Our motor trade insurance will allow you to drive any UK registered vehicle in your custody, care or control for the purposes of Motor Trade in connection with your occupation.
Perhaps you are just starting up or looking into and considering pursuing your own venture but are unsure about where to start? We can provide cover for uncommon or specialist vehicle types such as grey imports, american, customised and modified, vintage and classic, motorbikes, quads, and even previously written off salvaged vehicles.
Connect Insurance can explain everything and provide you all the information required to make the right decision about the direction of your future and business venture. Connect Insurance has made significant progress in our Motor Trade department over the last 12 months, expanding our panel of insurers and we would love the opportunity to show you exactly why.
Why choose Connect?
Motor Trade is a rapidly growing profession in the UK, leading to a high demand for competitive insurance..
We provide specialist policies for various business activities, including valeters, car salesmen, mechanics, bodywork repairers, tyre fitters, auto-electricians, vehicle breakdown recovery, salvage, and breaking dealers.
With a range of cover types available, negotiable indemnity and excesses, accompanied demonstration cover, additional business use and most postcode areas covered, it makes sense to give us a shout and see what we can do for you. Connect can even provide stock of vehicle cover, carriage of vehicle cover, both public and employers liability policies, legal protection, breakdown cover and excess protection insurance; we can cover all bases and supply total peace of mind.
Motor Trade insurance can be confusing for those unfamiliar with the law, so why risk it? Give us a call or complete our online quote form for a smooth process. Make the smart choice, Connect with us, and experience a more competitive and straightforward insurance arrangement.
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FAQ
In this article:
- 1) How much is car traders insurance?
- 2) Do Motor Trade policies cover your own private car?
- 3) What is the difference between a Motor Traders and Fleet insurance?
- 4) What does Motor Trade insurance cover?
- 5) Can I drive any car on a Motor Traders insurance?
- 6) How many cars can I have on a Motor Traders policy?
- 7) Will I need to prove that I am a Motor Trader?
1) How much is car traders insurance?
You can expect to pay between £600 and £1,000 if you are an experienced motor trade business. As with all insurance it depends greatly on your personal details. New Motor Traders obtaining Motor Trade insurance for the first time should expect to pay more.
2) Do Motor Trade policies cover your own private car?
Motor Trade insurance policies often allow you to include your own private car on the insurance policy. There may be limitations on the type of vehicles that are acceptable to the insurance company. A Motor Trade insurance policy usually only insures vehicles at their trade sales value, rather than retail sales value. Be sure you bare this in mind when choosing to add your personal vehicle to a Motor Trade policy.
3) What is the difference between a Motor Traders and Fleet insurance?
A Motor Trade insurance is only available to a person, or persons actively operating within the Motor Trade industry for a profit. Vehicles can be added to a Motor Trade insurance as and when they are bought and sold. Fleet insurance is for companies or individuals with a large number of vehicles. These can be either used in connection with a business or combined as part of a family fleet.
4) What does Motor Trade insurance cover?
The basic Motor Trade Insurance policy would cover you whilst driving on the road third party only whilst using your own vehicle or a vehicle you are in the custody or control of. Your insurance documents would confirm the terms of the insurance cover.
5) Can I drive any car on a Motor Traders insurance?
A Motor Trade insurance policy does not provide insurance to drive a family or friends car. You must declare at the start of your Motor Trade insurance what types of vehicles you will be dealing with. Typical classifications of vehicles include standard family cars, sports/high performance, modified, and previously written off. The vehicle must either be your own or held in trust, or in the custody or control of you for the purposes of your declared Motor Trade business.
6) How many cars can I have on a Motor Traders policy?
The policy will often be limited to the number of vehicles you have space to park at your declared address. If you store vehicles away from the declared address on the policy, you must notify your insurance company.
7) Will I need to prove that I am a Motor Trader?
Yes, you will need to supply proof that you are an active in the Motor Trade. This is often done by providing documents such as purchase/sale receipts, parts receipts, invoices for work carried out, etc. Even those new to the trade or operating part time will be required to provide proof. In these circumstances, the insurer may extend the time limit for this to be supplied.
PLEASE BE AWARE THAT NOT ALL MENTIONED COVER, FEATURES AND BENEFITS ARE PROVIDED AS STANDARD. SOME MAY BE SUBJECT TO ADDITIONAL PREMIUM. OTHERS MAY BE SUBJECT TO UNDERWRITERS TERMS AND CONDITIONS. IF YOU REQUIRE ANY SPECIFIC COVER, FEATURE OR BENEFIT ON YOUR POLICY, PLEASE ADVISE DURING QUOTING. YOU MUST ENSURE THAT THE COVER IS INCLUDED PRIOR TO ACCEPTING THE INSURANCE CONTRACT. CONNECT INSURANCE BROKERS LTD ACCEPT NO LIABILITY SHOULD YOU REQUIRE A FEATURE OF COVER DURING THE POLICY DURATION THAT HAS BEEN OMITTED AS A RESULT OF YOUR FAILURE TO SPECIFY IT’S NECESSITY PRIOR TO INCEPTION. PLEASE BE AWARE THAT CONNECT INSURANCE LTD CANNOT GUARANTEE THE SOLVENCY OF ANY INSURER WE USE.
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