Motor Trade Insurance

Cheap Motor Trade Insurance

Policies and deals from industry leading insurance providers, including

What is motor trade insurance?

Motor trade, or motor traders insurance protects your businesses from the risks faced while working in the motor trade industry. The type of cover included in motor trade insurance is flexible and can be customised for your individual business and its needs.  

The main coverage of this policy can insure you for legally driving your customer’s vehicles when they are in your care, custody or control.

The importance of motor trade insurance

A motor trader insurance policy protects your business from financial loss and other business disruptions following accidents, theft or damages.

Protecting your business premises

Motor trade insurance can cover your building premises, equipment and tools against accidents like fire, theft, or vandalism.

Safeguarding your customers

This insurance covers you for moving or driving your customer’s car. Giving you and your customers peace of mind.

Ensuring your vehicles are covered

Comprehensive cover for your business vehicles can help you work more flexibly without risking driving uninsured.

Meeting legal requirements

You will need the necessary insurance to legally drive vehicles as part of your motor trade operations. Otherwise, you could face fines or even business closure for driving without insurance.

“I would urge people to make sure they have the appropriate motortrade insurance – there are unique risks that motor traders need to be protected from, and if they intend to drive customer vehicles then a type of motortrade insurance known as ‘road risk insurance’ isn’t just a sensible business decision, it’s a legal requirement.”

What businesses might need motor trade insurance cover?

Car dealers

Valeting or car detailing businesses

Breakdown and recovery firms

Scrap and salvage dealers

Car restoration businesses

Repair garages

Mobile mechanics

Car parking or car jockey services

Garages offering MOTs or services

What does motor trade insurance cover?

Motor trade insurance policies work by providing coverage options including:

Road risk insurance

Road risk insurance allows motor traders to legally drive customer vehicles on public roads. Coverage levels include comprehensive, third party, theft and fire, and third party only cover. 

Combined motor trade insurance

This combines road risk insurance with other coverage that protects motor trade businesses. Business premises, public liability, and tools and equipment coverage are just some of the options available on combined motor trade insurance policies. 

How can I find cheap motor trade insurance?

Transfer your no-claims bonus

Some insurers will let you transfer your personal no-claims bonus to your motor trade insurance policy. So you can save with a no-claims discount.

Increase your excess

Choosing a higher voluntary excess can lower your premium. Just make sure you can afford to pay the amount if you need to make a claim.

Improve security measures

Improving the security at your premises can reduce your premium. You can do this by installing alarms or CCTV to deter theft and vandalism.

Bundle policies

Buying the cover needed for motor trade businesses separately can be more expensive. Consider bundling these into one combined motor trade insurance policy. 

Limit your coverage

Avoid coverage you don’t need. Additional cover or unnecessary add-ons can increase your motor trade insurance premiums.

Paying for cover upfront

Pay your policy annually if you can. Monthly instalments might feel cheaper, but admin fees and interest usually mean you pay more overall.

Compare insurance for motor trade businesses

Comparing motor trade insurance online could help you find some of the cheapest deals. At Quotezone you can quickly compare policies from a wide range of trusted UK motor insurers.

Motor trade insurance FAQs

Can I get a part time motor trade insurance quote?

Yes, motor trade insurance is available for a variety of businesses, including part time and mobile motor traders . 

How can I get the best motor trade insurance?

The best motor trade insurance policy is one that meets your business’s needs and budget. Using a comparison site connects you with motor trade insurers from across the UK in one place. And could be more effective than researching different insurers alone, or using a motor trade insurance broker.

How much is motor trade insurance?

This will depend on things like the size of your business, the type of work you do, the vehicles you are insuring, and the cover you want, among other things. One of the easiest ways to get an accurate motor trade insurance cost is to fill out our form and get quotes . 

Can I drive any car with motor trade insurance?

Motor trade car insurance typically covers vehicles owned by the business and those in your custody for business purposes. But whether a driver is covered to drive any car will depend on the coverage and details of your specific policy.

Does motor trade insurance cover cars using trade plates?

Yes, motor trade insurance can cover vehicles driven on trade plates, but these vehicles must be included in your policy coverage. You’ll also have to adhere to specific UK trade plate regulations .

Can I get motor trade insurance if I’m under 25?

Some insurers will offer motor trade insurance for young drivers under 25. However, like other motor insurance, this can mean you pay higher premiums.

Why has motor trade insurance gone up so much?

Like other types of motor insurance, motor trade insurance costs have gone up in recent years. This is mainly because of an increase in claims, as well as repair and labour costs. This means insurers are paying out more, so need to charge more to cover their losses.

What is classed as a trade vehicle?

Trade vehicles include any vehicles owned by the business or in your custody for business purposes. Depending on what motor trade word you do, this could be vehicles being sold, repaired, or serviced.

Is it worth getting motor trade insurance without premises?

If you need to drive vehicles in the care, custody or control of your business, yes. You will need road risk insurance to legally drive these if you are not otherwise insured on them. This includes customer’s vehicles or vehicles you drive as part of your business. 

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