If you’ve been searching for Motor Trade Insurance on behalf of an employee under the age of 21, you’ll already be fully aware that your options are extremely limited.
Whether you work in a MOT centre, a garage, a valet service or a car showroom, if your staff members are in control of any vehicle at any time, they must be insured. Finding such insurance, particularly for those aged under 21, can be a trying experience with the majority of insurers refusing to cover people in this category in any way.
Running a business that necessitates younger staff members being involved in anything to do with cars, motorbikes and vans, will ultimately bring with it the headache of trying to justify paying an often sizable insurance premium just to have them carry out their day-to-day tasks.
With motor insurance of any kind, younger drivers are perceived as being a greater risk and therefore attract higher insurance premiums. The statistical fact is that those drivers under the age of 21 are more likely to be involved in accidents, both large and small, meaning more claims and higher premiums: that is if any cover is offered at all. It is only with experience gained as a driver that this particular premium can be lowered.
So what can businesses such as body shops, mobile mechanics and part-time motor traders, do when they need their younger staff members to be in charge of any vehicles?
It is becoming increasingly difficult to find an insurer that is willing to offer terms to a driver in this age bracket. As such, it is unfortunate that many such drivers may have to wait a while and build up private car driving experience before they are able to obtain motor trade insurance. Certainly, if insurance is offered at all, it is very rare to find a motor trade insurer that will offer cover to a sole trader in this age bracket. While younger drivers might get cover if they are part of a larger garage or dealership, this too is dependent on individual insurers.
Whereas many companies will simply refuse to offer Motor Trade Insurance to those under a certain age, others might see it as an opportunity to hike up costs to an often exorbitant level. This begs the question, “How can I make sure I’m getting the best deal for my company” when it comes to age and Motor Trade Insurance, 21 and under?
With over two decades of experience in insuring all aspects of the motor trade industry, ChoiceQuote offer both first-rate Road Risk Only Insurance and Combined Motor Trade Insurance. However, markets for under 21 drivers are limited, so we usually recommend such drivers build up private car driving experience – and no claims discount – before trying to take out a motor trade policy.
At ChoiceQuote you are offered exclusive rates, quick quotations and instant cover, saving you money to put back into your growing business.
It is also of crucial importance that, if you can find assistance, you pick the right cover for your Under 21 staff. Don’t be fooled into thinking that, if you are lucky enough to obtain cover for an under 21 driver, that this applies to all vehicles in your company. Restrictions and exclusions will almost inevitably apply.
If you are struggling to find any quotes, let alone affordable ones, for Motor Trade Insurance for Under 21’s, then ChoiceQuote can sometimes help, though it is quite rare for us to be able to cover anybody in this age range.
With ChoiceQuote, making sure that you have the correct cover is our utmost concern, which is why we usually recommend our cover for drivers over the age of 25.
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