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The best motor trade insurance companies to use for the motor insurance are those that have a track record for honouring their claims fast, offer comprehensive covers with low restrictions and offer quality service.
Do not just look at the cost of the insurance cover when making your choice of the insurance firm. Look at customer reviews and other related news on the internet regarding the selected companies.
Unfortunately, there is no definite average for motor trade insurance cover. There are a number of things that come into play when costing the cover.
Price varies with the type of cars that you are buying and selling, where the motorshop is located in the UK and the type of cover you are taking.
The same cover may also vary with the number of risks and restrictions imposed by the insurance company.
There are a number of websites that offer motor trade insurance comparisons. They make it easy to get quotes from various providers without contacting each individually.
The most common ones are UKLI Compare, Gocompare.com, ChoiceQuote and Quotezone. Most of the comparison websites provide an option for detailing the requirements of the cover so that you are able to get the best out of the comparison site.
This is a no-obligation service and you may decide not to pick any of the quotes and are not charged for decision.
This is one of the top motor trade insurance questions. A no claim bonus is a discount given by an insurance company after several years without making a claim.
You can use a comparison website too but specify that you need a cover with a no claim bonus.
You can find motor trade insurance for the 17 year olds online by first doing a search for companies that sell the type of insurance cover.
You may also visit some of the leading motor trade insurance companies’ websites and check their offers. Comparison sites are also a good alternative so that you are able to compare prices among different companies.
Anyone who is involved in any aspect of motor trade is eligible for motor trade insurance cover. They include MOT, dealers, mechanics and service centres. People who also work part-time or are car- salespersons are also eligible to take the cover.
Depending on the type of cover taken, some kind of cars such as high performance sports vehicles may be excluded from the cover.
The law requires you to have at least one type of motor trade insurance if you are driving your vehicle or that of another person in the course of service delivery. You can go for the very basic one, the third-party policy, to have met the law requirements.
You have to look for a motor trade insurance company that specifically covers motor trade businesses done from home. Search for such covers within your locality and then use a comparison website to choose the best policy.
The cover is, in most cases, similar to the one you would take when working from a business premises.
Traders insurance cover with convictions works for people who have obtained points from a traffic offence. The cost of the cover usually depends on the number of points you have obtained from convictions.
The best way to getting cheap cover with conviction is by using a comparison site. This is because of the many variables that come into play when determining price.
You may also check with your regular provider and see their offers. However, compare a few so that you can pick the best offer.
The cost of insurance cover for young drivers, especially under 21, is higher than that of other groups as insurance companies perceive them as high risk, which is a fact that most of the persons asking this motor trade insurance faq do not understand.
Young drivers are more likely to be distracted in the course of driving or overspeed compared to their older counterparts. The perception of the risk varies from one insurance company to the other.
The difference between a cover for a 19-year old and that of a 25-year old is the perception of risk. 19-year olds are perceived to be more likely to cause an accident than 25-year olds.
For this reason, most insurance firms charge a higher premium for their cover or have several exclusions in their policy compared to 25-year olds.
Yes, UKLI Compare is a motor trade insurance comparison site, and we compare other things like landlord insurance and even electric scooters. You get access to tens of companies that offer motor trade insurance cover across the United Kingdom.
To provide accurate quotes for your needs, you will be required to provide details for the cover you need. You can also contact the company and discuss the particulars of the policy that you are seeking.
You can find motor trade insurance cover online if you are a sole motor trader in the UK. Head to UKLI Compare to compare companies that offer such services. Submit the details of your business when making a comparison requests at the site.
Fortunately, most companies that offer cover to large motor offer similar products to sole traders.
You can find motor trade insurance brokers near your business premises by searching for the same on the search engines. Alternatively, you can use UKLI Compare to compare quotes of companies within your locality.
Just ensure that you include your area or the area you have businesses when making a request for quotes.
Most companies sell motor trade insurance online. You can find an insurance company by conducting a search online and asking for quotes from a few of them.
UKLI can assist in getting the right insurance cover by enabling you to compare quotes from various companies.
Anyone whose business involves a trade that touches on motors can benefit from the cover. The businesses include car showrooms, garages, repair shops, auction houses, valeting companies, repair shops and mobile mechanics, among others.
This cover can also be extended to groups working at home.
A basic motor trade insurance cover policy provides cover for the risk of damage from accidents in the course of road testing vehicles, delivery of customer vehicles and moving from one location to another. The cover is extended to any trade vehicles that may have accompanied the customer vehicle in case of a demonstration.
The basic motor trade insurance cover does not cover the premises in which the car is housed or where a car is being repaired. However, you can go for a combined cover that caters for other insurable risks that include fire, theft and damage to the vehicle in the premises.
It is also possible to take a separate policy for the other insurable risks.
It is a common motor trade insurance faq. Most motor trade policies allow you to drive your vehicle and other vehicles for the trade. However, some covers restrict the kind of vehicles that you can drive. Several providers see high-end sports vehicles as having a too high risk to cover and, therefore, do not include them.
Yes. Most providers do not have an issue with vehicles that have been bought on hire purchase or leased. However, most cover a lease that is at least 6 months. Contact your insurance company when you add leased vehicles to your business.