Looking for motor trade insurance online can save you hours of pounding up and down the high street or leafing through the telephone directory. With quotes and policy details available at the touch of a button, you do not even have to leave your armchair to find the right cover for your motor trade business.
Motor trade insurance gives your business the financial protection it needs to be able to survive the theft or damage of a vehicle you intend to sell.
The benefits of such cover are self-explanatory – without motor trade cover, you could lose thousands if one of your cars is crashed or stolen.
So how can you get a good deal for motor trade insurance online? The internet makes shopping around simple. With a plethora of providers at your disposal, you can compare quotes within minutes.
You should be able to reduce the premiums offered is you have a significant no claims discount. Anything over 3 years is likely to yield a significant reduction. Further, by limiting the number of named drivers on the policy to a couple of individuals with good safety records, your insurer will be more confident about insuring you for less.
Given that you have to seek new stock from up and down the country, limiting your mileage on the policy is probably not an option. However, limit your activities to trading alone rather than, say, breakdown activities which insurers perceive as more risky.
When it comes to motor trade insurance online, don’t forget to specify the type of cars that are likely to be in your fleet. If you trade in high performance vehicles, these are going to be more expensive to cover.
Now that you have a number of quotes to compare, how can you choose between them? Not only should you consider the quality of service that you are likely to receive from the various providers, but also what they are prepared to add on as an extra to the cover.
You can judge the service provided on the basis of whether a provider has UK based call centres that are ready to help you at all times of the day or night. Also, ask whether a complementary hire car would be provided while yours is being repaired.
Lastly, breakdown insurance is essential in your industry. What could be more embarrassing than breaking down on a test drive? Ask whether this is included in the cover, or at least could be offered with a substantial discount.