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.

New Car Tax Rules

Motor Trade is one of the fastest growing professions in the UK and resultantly the demand for competitive insurance is high. Connect Insurance have expanded our market for Motor Trade insurance over the last 12 months and can specialist policies to suit the majority of business activities including valeters, car salesmen, mechanical and bodywork repairers, tyre fitters, auto-electricians, vehicle breakdown recovery, and even 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 is a minefield for those who aren’t sure of the law, so why risk it when you can give us a call or complete our online quote form, and let us keep everything running smoothly? Make the clever choice, Connect with us and see how much more competitive and easier arranging your insurance could be.

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In this article:

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 as new Motor Traders obtaining Motor Trade insurance for the first time need to expect to pay more than this.

2) Do Motor Trade policies cover your own private car?

Motor Trade insurance policies do allow you to include your own private car on the insurance policy, providing that the type of vehicle is acceptable to the insurance company.  As a Motor Trade insurance policy generally only insures vehicles at their trade sales value, rather than retail sales value, then you will need to take this difference into account.

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.  A Fleet insurance is for companies or individuals with a large number of vehicles which are used in connection with a business or as 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?

You are not allowed to just drive any car under a Motor Trade insurance policy like 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 i.e. standard family cars, sports/high performance, modified, previously written off, etc and then the car 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?

Your insurance company or insurance broker may assess how many vehicles you have parking space for at the declared address and limit your insurance policy to this.

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 by providing such documents as purchase and sales receipts, parts receipts, invoices for work carried out, etc.  Even if you are a new to the trade or part time trader then your insurance company will require proof but 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, OR SUBJECT TO UNDERWRITERS TERMS AND CONDITIONS. IF YOU REQUIRE ANY SPECIFIC COVER, FEATURE OR BENEFIT ON YOUR POLICY, PLEASE ADVISE DURING QUOTING AND 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.

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Breakdown Cover

We have tailor fitted products specifically for taxis, minibuses, cars and vans. We can include home start, roadside assistance, relay and even onward travel.

Stock of Vehicle

We can provide cover for your vehicle, a customers vehicle in your trust for motor trade purposes, or any vehicle you are leasing for at least 12 months when it is left at specified business premises.

Key Care Cover

We can replace the locks, reprogram immobilisers, infrared handsets and alarms. There is no excess to pay, no limit on the number of claims, and it won’t affect the No Claims Bonus on your vehicle policy.