Motor trade insurance for convicted drivers

Motor trade insurance for convicted drivers

  • Cover for valeters, garages and where you need to drive customers vehicles.
  • Compare motor trade insurance for convicted drivers for cheaper cover.

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Why is motor trade insurance for convicted drivers expensive?

Motor trade insurance for convicted drivers is relatively expensive because, statistically, drivers with convictions are more likely to make an insurance claim than drivers without.
 
A motor trade insurance policy is based upon a risk assessment of you, as a driver, by an insurance provider. In assessing the risk you pose, an insurance provider considers numerous factors, including convictions for motoring or non-motoring offences.
 
If the risk is unacceptably high, the provider may be unwilling to offer you motor trade insurance at all; if they do offer you a policy, the extra risk will be factored into the premium that you’re asked to pay.

Can I compare motor trade insurance for convicted drivers and get cheaper cover with convictions?

You can shop around for better deals on motor trade insurance with criminal convictions, at least to some extent, but the process is less straightforward than comparing other forms of insurance cover, such as private motor insurance.
 
Most aggregator and comparison websites offer online quotes for most types of insurance cover, with the notable exception of motor trade insurance with convictions. Consequently, rather than comparing online quotes for motor trade insurance for criminal convictions, you may find it necessary to rely on a specialist insurance company or broker.
 
Motor trade insurance with points is always comparatively expensive but, by considering your insurance needs in relation to motor trade insurance premiums across the whole of the market, an experienced, reputable broker should be able to find you a competitive deal.

Will I be accepted for motor trade insurance for convicted drivers if I have a criminal record?

Your acceptance for motor trade insurance with criminal convictions depends, largely, on the nature, number and severity of your convictions. Convictions for motoring and non-motoring offences both affect your eligibility for motor trade insurance.
 
Naturally, providers of motor trade insurance for criminal convictions take a much dimmer view of serious road traffic offences, such as dangerous driving, than minor offences, such as speeding. You may find it easier to obtain it easier to obtain motor trade insurance if you have convictions for minor, non-motoring offences, such as, say, low level shoplifting.
 
Nevertheless, the impact of convictions for non-motoring offences on the availability of motor trade insurance varies widely from one insurer to the next.

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Where can I find a trader’s policy on the Internet?

As mentioned above, many mainstream comparison websites don’t offer motor trader insurance comparison, but that doesn’t mean that it’s impossible to find a trader’s policy on the Internet; in fact far from it.
  • Several specialist websites, many of whom partner with experienced, knowledgeable insurance brokers, focus solely on motor trade insurance.

  • The term ‘motor trader’ covers an assortment of activities but, by choosing an expert, you should be able to find appropriate, affordable cover, regardless of the niche of the motor trade in which you operate.

What do I need to know about a trader’s policy?

Motor trade insurance for convicted drivers is an umbrella term covering a huge range of policies, including, but not limited to, road risks, employers’ liability, theft, damage and interruption of business.
 
Under the Road Traffic Act 1988, it is a legal requirement that anyone working in the motor trade industry, part-time or full-time, has appropriate motor trade insurance cover. So-called ‘road risks’ insurance, which is akin to private motor insurance, is a minimum legal requirement for anyone who buy or sells vehicles for a profit, or works on vehicles that they do not own.
 
As the name suggests, road risks insurance covers you for potential accidents whilst driving on public roads and, like private motor insurance, is available in comprehensive, third party fire and theft and third party only varieties.

Why is under 25 motor trade insurance harder to get?

As is the case with motor trade insurance with convictions, insurance providers view drivers under the age of 25 – even those with no convictions – as riskier propositions than older, more experienced drivers.
 
Consequently, younger drivers seeking motor trade insurance with points face the ‘double whammy’ of inexperience and criminal conviction, which can have a major impact on the availability, and cost, of appropriate insurance premiums.
 
Restricted road risks insurance cover for drivers under the age of 25 is available, at a price, but policies typically exclude buying, selling and driving high performance cars.
 
Other aspects of motor trade insurance may, or may not, be quite so age-dependent, depending upon the insurance company.

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Can I use my motor trade insurance no claims bonus with a new company?

Obviously, motor trade insurance protection is as important to a new company as it is to an established company. No claims bonuses or discounts on motor trade insurance policies are accrued, year-by-year, in the same way as private motor insurance policies.
 
However, if you’re starting out in the motor trade, it may be possible to reduce the cost of your motor trade insurance premium by transferring a no claims bonus accrued on a private car or van insurance policy.
 
Whether or not you can do this depends on the insurer but, with a range of motor trade insurance products designed to aid your transition into the business world, your lack of experience in the motor trade may not, necessarily, count against you.
 

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