Motor trade insurance

Why Use Us?

SECURE & ENCRYPTED

Secure

UKLI COMPARE guarantee your confidence when shopping online by following the latest internet security standards.

HAPPY RETURNING CUSTOMERS

HAPPY RETURNING CUSTOMERS

At UKLI COMPARE, we've thousands of happy customers returning to find great deals - since 2011.

100% FREE COMPARISON SERVICE

100% FREE COMPARISON SERVICE

Using the services here on our website is always free to the consumer 100%.

YOU COULD SAVE TIME & MONEY

YOU COULD SAVE TIME & MONEY

Get your quotes by filling in one simple form, compare prices, and start saving.


Why Use Us?

Secure

Secure & Encrypted Form Data


UKLI COMPARE guarantee your confidence by securing online forms by following the latest internet security standards.

REVIEWS

Happy Returning Customers


At UKLI COMPARE, we've thousands of happy customers returning to find great deals - since 2011.

SAVING MONEY

100% Free Comparison Service


Using the services here on our website is always free to the consumer 100%.

SERVICE

You Could Save Time and Money


Get your quotes by filling in one simple form, compare prices, and start saving.

Compare Motor Trade Insurance quotes

Motor trade insurance is designed to protect those who work in the motor trade industry in much the same way that regular car insurance protects general road users.

  • It is a useful product for anyone who drives a variety of cars as part of their job, so car salesmen, someone who valets cars or mechanics are all examples of those who might need a traders policy.

  • With several levels of cover available as well as some jargon that you might need to get your head around, a helpful guide looking at motor traders insurance could be extremely beneficial.

This is exactly what we have put together for you.

What is motor trade insurance?

Motortrade insurance at it's best

Motor trader insurance is an insurance policy which is designed to protect those who drive a multitude of cars for their jobs.

  • It could be that they are driving a variety of cars around on a sales forecourt or that they are testing out customers' cars once they have worked on them.

  • For whatever reason they have to drive around a variety of cars, this is a specialised insurance product that ensures that everyone is covered financially should the worst happen.

As with personal motor insurance, there are different levels of cover available.

These include:

Third-party motor trade insurance

Third-party is the most basic level of policy that is available and it is the bare minimum when it comes to what you need to have legally.

Were you to have an at-fault accident, this type of policy would only cover the repair costs of the other car involved, the policyholder would have to foot the repair bill for the vehicle that they are driving.

Third-party, fire and theft motor trade insurance

This covers the repair costs if you were in an accident in the same way as if you were to hold a third-party only policy but with this type of cover, you are also covered should the vehicle that you be driving be damaged by fire or if it were to be stolen whilst in your care.

Comprehensive motor trade insurance

This type of policy will cover everything previously mentioned but will also cover accidental damage to the vehicle that you are taking care of.

If you were to be involved in an accident, whether it was your fault or not, for instance, the vehicle that you are driving will be covered for repairs as well as the other vehicle involved.

  • The policies above can be referred to as road risk policies and these cover accidents that happen out on the road and your premises to the cars that you look after.

  • There are also combined motor trade insurance policies that you could consider, including motor trade insurance for convicted drivers.
  • These cover so much more than just the vehicles that are in your care but also the physical premises that you work from.

  • Thare also specific liability insurances that you could add on to your motor traders insurance policy to fully protect yourself.
  • Public liability, for instance, could offer you financial protection should a member of the public be hurt while on your premises whilst product liability protects you should someone be injured whilst using a product that you have sold.

How to get motor trade insurance?

  • The best way to get motor trade insurance is to go through a broker. The broker will discuss your needs with you and be able to advise you in regard to which is the best product for you.
  • It can be tempting to look for cheap motor trade insurance online but you do need to be sure that you are covered in all eventualities or it could spell disaster for your business.
  • Make sure that you speak to some who can help you compare motor trade insurance so that you can find the best deal for you.

Get landlord Insurance for a limited company the easy way - click here now!

Do I need motor trade insurance?

If you are driving customers' cars as part of your business then it is likely that you will need some form of motor trade insurance.

Many people mistakenly think that when they take out a private car insurance policy that means they are insured to drive any car.

Often, this is the case but written into most policies is a clause that states you will not be insured if you are operating as a motor trader.

Not having motor trade insurance in place, could, therefore, leave you with a high repair bill should the worst happen and also potentially lead to you being banned from driving for breaking the law by driving without the correct insurance in place.

This could well mean disaster for your motor trade business.

  • The best thing to do is to compare motor trade insurance policies and put something in place that ensures you have the level of protection that you need against the worst-case scenario.
  • It is also worth noting that if you employ people as part of your business that employers liability insurance is a legal requirement.
  • You need to have insurance worth up to £5 million in the event of an accident involving any of your employees during their time at work or else you could be faced with a fine.

  • Indeed, for each day that you don't have adequate insurance in place, that fine is set at £2,500.

  • Even without the legal requirement, having employers liability insurance could save you a fortune should something go wrong, as could public liability insurance.

It is always worth combing these with your motor trade insurance policy of your place of business is open to the public and employees.

What does motor trade insurance cover?

Motor trade insurance can really cover anything that you need it to. Obviously, the more that you need covering the higher the motor trade insurance cost will be but it is worth fully considering your needs before taking out a policy.

We have already covered the basics of what each level of cover gets you with a motor trade insurance policy but there are also various add-ons or specifics of insurance that you could consider.

These include:

Vehicle Recovery

If you recover vehicles as part of your job, you might need this cover in order to ensure that any vehicle you recover is covered whilst in your care, not just your own vehicle.

Collection and delivery

If you collect or deliver vehicles you might well be doing so on trade plates. You might need to add this specifically to your insurance policy to ensure you are covered.

Vehicle Storage

If you store vehicles on a compound, you might well need to add compound cover to your policy. Your insurer will most definitely need to know how long you store vehicles for on average and the average costs of the vehicles that you look after.

Mechanics Insurance

You might well need to add on some extra cover if you are a mechanic. Product liability, for instance, will be something that is essential, in order to protect yourself should something go wrong with your work.

You might also need some specific cover to protect your tools, whether they are on your premises or stored in your van overnight.


Get landlord Insurance for a limited company the easy way - click here now!

How does motor trade insurance work?

Motor trade insurance works much the same as any personal insurance cover would.

  • You will need to prove your eligibility for motor trade insurance, however.

  • So, you will need to prove that you do actually work in the motor trade business, that you are over 23 years of age and that you hold a valid driving license.
  • Otherwise, just like when you purchase personal cover, you need to be sure that any product you are interested in fulfils your needs.

  • You can speak to a broker to make sure that you are adequately covered before you go ahead.

How much does motor trade insurance cost?

As with any other type of insurance, the motor trader insurance cost depends entirely on what you need covering, your personal circumstances, whether you have any no claims bonuses that you can use or the size of your business.

If you are looking for cheap motor trade insurance there are steps that you can take to keep costs down.

These include:

  • Limiting the number of drivers on your policy
  • Building up your no-claims discount
  • Paying annually for cover where you can
  • Increasing your excess
  • Limiting the number of people aged under 25 on your policy

Can anyone get motor trade insurance?

No, in order to be eligible for motor trade insurance you do need to be able to prove that you work in the motor trade industry.

  • This will mean that you will need to be able to provide any information about your business that your insurer requests.
  • Motor trade policies are also only available to those aged 23 or over and of course, you will need a valid driving license.

Can you get part-time motor trade insurance?

Yes, if you trade part-time, you can get an insurance policy that will reflect this. It certainly helps when it comes to reducing your motor trader insurance cost.

See more on part-time motor trade insurance, on this page.

Get a motor trade insurance quote?

There are websites that you can go to in order to build a quite for your motor trade insurance policy. They can help you think through all of the extra cover that you might need and put together the perfect policy for you.

If you are unsure about anything, however, you should always speak to a broker who can give you more detailed information.

  1. Compare motor trade insurance quotes with the companies you want to deal with.

  2. Here's the most asked questions on traders insurance.

Get landlord Insurance for a limited company the easy way - click here now!

Motor trade insurance resources

https://www.unicominsurance.com/insurance-news/requirements-for-motor-trade-insurance-faqs/

Hit us up on Social media


Recent Articles

  1. Home Solar Panels Scotland - Get Quotes From Local MCS Installers

    Apr 15, 25 05:04 PM

    solar panels
    Approved MCS home solar panels Scotland. Get the right installers on the job the first time around.

    Read More

  2. HOME-SOLAR-TEMPLATE

    Apr 15, 25 03:41 PM

    Home Solar
    HOME-SOLAR-TEMPLATE

    Read More

  3. Solar Panel Installation | Home & Commercial Installs | UKLI Compare

    Apr 15, 25 01:10 PM

    COST OF SOLAR PANEL INSTALLATION QUOTE
    Compare solar panel installation quotes and get the best possible price and quality installation practices with the right installers you can count on and...

    Read More

  4. Compare Office Surgery Insurance Quotes Online | UKLI Compare

    Apr 14, 25 01:15 PM

    office surgery insurance quotes
    Cover your surgery with office surgery insurance and compare quotes to find the perfect policy for your surgery fast.

    Read More

  5. Private Landlord Insurance for Private Tenants | UKLI Compare

    Apr 14, 25 12:31 PM

    landlord-insurance-unemployed-tenant
    Compare private landlord insurance quotes and find better prices in no time and get your tenants sorted with the right insurance from day one. If you know...

    Read More

  6. Landlord insurance | Housing Benefit? | UKLI Compare

    Apr 14, 25 11:58 AM

    landlord-contents-insurance
    Need to know more about tenants who claim housing benefits or insuring them, it's all here landlords.

    Read More

  7. Landlord Insurance for a Limited Company | UKLI Compare

    Apr 14, 25 11:31 AM

    LANDLORD INSURANCE FOR A LIMITED COMPANY
    Do you need landlord insurance for a limited company? Take the hassle out of getting quotes and talking to unnecessary insurance companies a service that works

    Read More

  8. Compare landlord contents insurance quotes, fast | UKLI Compare

    Apr 14, 25 11:01 AM

    Best landlord insurance
    Compare the market for landlord contents insurance and find great online prices you'll be happy with. Works perfectly for UK landlords.

    Read More

  9. Part-Time Motor Trade Insurance Comparison | UKLI Compare

    Apr 14, 25 10:18 AM

    Motortrade insurance
    Compare part-time motor trade insurance quotes and see the difference in price when you use a good comparison website like UKLI Compare.

    Read More

  10. 7.5 Tonne Motorhome Insurance | Compare Quotes | UKLI Compare

    Apr 14, 25 10:00 AM

    7.5 Tonne Motorhome Insurance
    Compare 7.5 tonne motorhome insurance quotes and walk away with a good policy for a decent monthly or annual price.

    Read More

  11. VW Campervan Insurance & Motorhome Comparison | UKLI Compare

    Apr 14, 25 09:40 AM

    camper insurance
    If you are looking for VW campervan insurance or a VW motorhome policy for your transporter or your T25 or a classic T1 or T2 you can do it here.

    Read More

  12. Compare Cheap Campervan Insurance Quotes Online | UKLI Compare

    Apr 14, 25 09:38 AM

    campervan image 3
    Compare cheap campervan insurance from specialist campervan insurance companies and win a good price.

    Read More

  13. Campervan Insurance with Breakdown Cover | UKLI Compare

    Apr 14, 25 09:33 AM

    6 month campervan
    Compare campervan insurance with breakdown cover and get the policy your looking for in a snap campers.

    Read More

  14. Need 6 Month Campervan Insurance - UKLI Compare.co.uk

    Apr 14, 25 09:31 AM

    6 month campervan
    Get the help you need when looking for 6 month campervan insurance and make sure the vehicle has the protection it needs for one driver or multiple drivers.

    Read More

  15. Best Motorhome Insurance Quotes Online | UKLI Compare

    Apr 14, 25 09:11 AM

    motorhome-insurance
    Compare the best motorhome insurance quotes from Britain's leading insurers and you could save a lot of time and money today.

    Read More

  16. 2 Van Fleet Insurance | UKLI Compare

    Apr 14, 25 08:44 AM

    Get a good price on 2 van fleet insurance for your business and keep it running with a good policy you can count on.

    Read More

  17. Nursery Minibus Insurance | Keep Your Children Safe | UKLI Compare

    Apr 14, 25 08:26 AM

    Minibus insurance
    Compare nursery minibus insurance quotes with great insurance companies with a fast and secure form that works with the UK's top minibus insurers.

    Read More

  18. Minibus Insurance for 1 Week | Get a Fast Quote | UKLI Compare

    Apr 14, 25 08:19 AM

    Minibus insurance
    Get minibus insurance for 1 week for your planned trip for pleasure or business and make sure you save on a policy from the first quote you get.

    Read More

  19. Any Driver Minibus Insurance | Get Online Quotes | UKLI Compare

    Apr 14, 25 08:17 AM

    Minibus insurance
    Compare quotes and get the right price on any driver minibus insurance with an experienced company.

    Read More

  20. Minibus Hire Excess Waiver Insurance - UKLI Compare

    Apr 14, 25 08:16 AM

    MINIBUS
    Get minibus hire excess waiver insurance so no matter what happens you have the right cover for your hired minibus.

    Read More

  21. Minibus Sports Club Insurance | Compare Quotes & Win | UKLI Compare

    Apr 14, 25 08:15 AM

    Minibus insurance
    Compare minibus sports club insurance for sport clubs like football clubs, boxing, rugby, golf and cricket clubs who need insurance for their minibus for sports days.

    Read More

  22. 9 Seater Minibus Insurance | Comparison & Quotes | UKLI Compare

    Apr 14, 25 08:13 AM

    Minibus insurance
    Compare 9 seater minibus insurance for your minibus business of if you use it for private hire that's fine as you can get good quotes...

    Read More

  23. 8 Seater Minibus Insurance | Get Quotes Now | UKLI Compare

    Apr 14, 25 08:09 AM

    Minibus background 1
    Get quotes on your 8 seater minibus insurance whether it be for annual or short-term cover you can find a good comparison here.

    Read More

  24. Private HGV Insurance Quotes | UKLI Compare

    Apr 14, 25 07:37 AM

    NEED HGV DRIVING INSTRUCTOR INSURANCE?
    When you want private HGV insurance and not for business use you can relay on the team of insurance professionals to help you along the way.

    Read More

  25. HGV Insurance for 18 Year Olds | Compare Quotes | UKLI Compare

    Apr 14, 25 07:35 AM

    hgv-insurance-for-18-year-olds
    If you are looking for HGV insurance for 18 year olds it might be a difficult if you don't ask the company. Compare quotes and find out...

    Read More

  26. HGV Goods in Transit Insurance | UKLI Compare

    Apr 14, 25 07:33 AM

    hgv instructor insurance
    Get ready to compare HGV goods in transit insurance quotes from the top truck insurance companies in the UK and do it quickly.

    Read More

  27. HGV Fleet Insurance Quotes | UKLI Compare

    Apr 14, 25 07:32 AM

    HGV Fleet Insurance Quotes
    HGV drivers and business owners compare HGV fleet insurance from the UK's top rated insurers in one swift go.

    Read More

  28. Compare HGV Insurance Quotes & Fast | UKLI Compare

    Apr 14, 25 07:26 AM

    HGV Fleet Insurance Quotes
    Compare HGV insurance quotes and get prices from the UK's leading HGV insurers for an excellent policy. Goods in transit insurance is available too.

    Read More

  29. Compare Landlord Insurance Quotes - Save Time & Money | UKLI Compare

    Apr 14, 25 07:11 AM

    landlord-insurance-compare-Background-3
    Compare landlord insurance quotes and adequately cover your assets with buildings and contents insurance, or add extra landlord protection.

    Read More

  30. Short Term HGV Insurance | Temporary HGV Insurance | UKLI Compare

    Apr 13, 25 05:22 PM

    short-term-hgv-insurance
    Do you need short term HGV insurance for a week and a month or even shorter periods? Compare quotes, and you could get cheaper temporary HGV insurance.

    Read More