How Much Does Motor Trade Insurance Cost?

how much does car insurance

That is one of the first questions, quite naturally, motor traders ask about Motor Trade Insurance!

Unfortunately, it is not an answer that can be provided immediately and the reason for this is because a quotation for this type of cover is tailor-made for each customer. But, don't "hang up", as it will only take a few minutes of your valuable time for you to provide the required information for our partner to provide a quote for your consideration.

Let us give you an idea of the information that will be required so that you can have it to hand to complete the quotation form.

Obviously your personal details such as your name, address, contact details, date of birth, male or female and occupation.

Also, the number of years no claims bonus for both your private car insurance and existing motor trade insurance, how long have you been in the motor trade, do you work full or part time, is premises cover required, what types of liability insurance is required, is combined insurance required, when would you like the policy to start, in the last five years have you had any motoring accidents or motoring convictions, are there to be

any other named drivers on the policy-if so the same information will be required for them.

With regard to Road Risk insurance you will need to decide the level of cover required i.e. third party, third party fire and theft or comprehensive and in that respect you may wish to compare the cost of each one. You will find that the cheapest of these three options is third party followed by third party fire and theft with the most expensive being comprehensive.

As a guide these are some of the circumstances that may result in lower premiums: -

  • Older drivers aged between 25 and 65 to 70 having lived in the UK for at least two years with a clean UK driving license and no convictions in the past five years.
  • Do not have more named drivers on the policy than is necessary as the more there are the higher the premium.
  • If you can avoid high performance, veteran, classic or vintage cars the premium may be lower.

So, to find out exactly how much Motor Trade Insurance will cost why not complete the quote form and our partner will be in touch shortly.


Category: Insurance

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