Best motor trade insurance

At ChoiceQuote we have years of experience of the motor trade, and we use this to negotiate the best value insurance deals for your business. Whatever aspect of the motor trade you are involved in – whether you are a used car dealership, a part time motor trader, or an MOT garage – we can help you find the insurance cover that is right for your business. ChoiceQuote is one of the best insurance brokers in the business, having insured all types of wheeled businesses since 1995.

Cheap motor trade insurance may sound appealing, but it probably won’t give you everything you are looking for to protect your business and assets. There are two main types of insurance for the motor trade and those who drive the vehicles they service or repair. The first is Road Risk Insurance, which is the minimum legal requirement for driving vehicles that you have worked on or are buying and selling, to protect against the risk to other drivers and yourself, if you choose more than the basic cover. On the other hand, Traders Combined Insurance is for when you need to insure both the road and your work premises. We can tailor policies to niche industries such as those who work with classic cars or valeters, and we can also provide engineering inspection policies for your on-site equipment. Additionally, we offer guidance on how best to protect your premises against theft and damage, which will help to minimise your policy costs.

Part time motor trade insurance, or Road Risk Insurance, allows you to move or road test vehicles that you work on or sell from home. We can also negotiate an appropriate type of cover if you look after a fleet of vehicles. As you’ll see, we go the extra mile to provide you with the best motor trade insurance for your business.

How much does it cost? This will depend on the features that we negotiate for you. We will look for the best policy for your business from a wide range of leading motor trade insurance companies. As well as insurance for road risk and your premises and contents, we can find a policy that also covers different types of liability, professional indemnity, business interruption; motor legal costs and much, much more. We will take into consideration all relevant details, such as the value of your assets, the number of vehicles you deal with, how much you travel, and whether you have employees and premises. While the minimum cover for individual third-party road risk insurance works out at a minimum of £6.66 per week, the final price for these basic packages will depend on your driving experience, your age, the area you trade from and your claims history.
As with all types of insurance, there are motor trade insurance requirements. You need to prove that you are working within the motor trade. For example, you will have to demonstrate that you are buying and selling or servicing and repairing a minimum number of vehicles to be eligible for motor trade insurance, and this can easily be done by providing receipts. In addition, insurers will have their own criteria for types of vehicle that are covered.

At ChoiceQuote, we negotiate the best policy based on your needs, rather than merely looking for the cheapest policy. For free online quotes, the option to pay in installments, a 24-hour claims line, and experienced account managers, we believe we are your best choice.

Get in touch with our helpful team today.