Motor Trade Insurance

Posts Tagged ' Car Insurance Price Index'

  1. Do You Review How Much Your Business Is Paying For Its Insurance?

    January 21, 2021 by mti

    Unless you are very fortunate, when you receive your renewal notice for your motor trade insurance, it will no doubt be going to increase for the next year’s cover. Of course, we are assuming that you bother to compare the cost of what you have been paying in the last 12 months with what your existing insurance provider intends to charge you for the next 12 months. more »

  2. Has Insuring Your Vehicles Got Cheaper?

    September 15, 2020 by Logan Biggs

    If you are a motor trader then you will need to make sure that your vehicles are suitably insured at all times such as when they are on your forecourt awaiting sale or are being driven by you or a customer who is test driving a car as part of their decision making process as to whether he or she is going to buy the vehicle. more »

  3. Small Reduction In Car Insurance Premiums

    May 6, 2019 by Logan Biggs

    If you are a motor trader selling/buying new and/or used cars then you will no doubt have a motor trade insurance policy in place to provide cover for the vehicles that pass through your business to include covering things like a customer taking out a car for a test drive or you collecting a used car from a customer’s home that you have perhaps taken in part exchange. So, any change in car insurance premiums will no doubt impact upon how much you are charged for your motor trade insurance policy at renewal. more »

  4. Cost Of Car Insurance Increases

    January 23, 2019 by Logan Biggs

    It is rather concerning to hear that car insurance premiums have gone up in the 4th quarter of last year based upon figures contained in the car insurance price index as this may have an impact on the amount that motor traders and certain other businesses in the motor trade industry pay for their motor trade insurance. more »

  5. Motor Insurance Premiums Reduce

    May 25, 2018 by Logan Biggs

    Motor traders may find it of interest to read that, according to the Car Insurance Price Index produced in April 2018, the average cost of fully comprehensive car insurance fell in the first quarter of 2018 when compared with the same quarter last year. There was a reduction of £13 to £768 per annum with this equating to a 2% drop.

    You may be asking what relevance this may have to those people running businesses within the motor trade industry. Well, if your motor trade cover insures you and certain employees to drive either company and/or customer vehicles then it may be that when your motor trade insurance policy comes up for renewal that the cost of such cover may have fallen a little.

    If you are a motor trader then you will no doubt be insured to not only drive cars owned by the business but also to drive vehicles that are owned by customers who you may be considering buying the car off but want to test drive it as part of your due diligence before committing to purchase the vehicle. In your case, you may see a bigger reduction in the cost of cover than if you run a motor mechanics business as it is quite possible that a motor trader may spend more time driving more cars each year than say a motor mechanic.

    If you are looking for motor trade insurance for the first time or your existing policy is shortly coming up for renewal and you have received a renewal quote then why not give us a call here and we will do all that we can to try to source the cover that you require but for a more competitive premium. It will cost you nothing apart from a little bit of time to establish if we can save you some money on a regular monthly basis. We look forward to hearing from you.

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