Written by Michael Foote, Insurance and Finance ExpertMichael Foote is the founder of Quote Goat and has over 13 years experience working in the finance, insurance and currency sectors. Since launching Quote Goat he has appeared on TV as well as many of the largest online publications including Forbes, The Telegraph and The Metro. Prior to Quote Goat, he worked in finance in the city for a number of firms including HSBC.
Under 25 Motor Trade Insurance
To get a quote, head over to our quote form where you will need to provide details about yourself and your business. It typically takes less than 2 minutes. Once submitted, our panel of motor trade insurance specialists will be in touch to provide you with a free quote and any expert advice or guidance you need.
Is it possible to be insured for the motor trade if you are under 25?
If you are under the age of 25, it can be harder to find the right motor trade insurance companies to deal with, however when you use Quote Goat, the time-consuming part of the process is removed by only matching your details with motor trade insurance providers that can work with people under the age of 25.
Why do some motor trade insurance providers not work with under 25s?
Although minimum age limits on insurance products can cause frustration to those who are affected, insurance policies and prices are worked out based on risk and part of this is past data. When it comes to motor trade insurance, drivers under the age of 25 are deemed riskier, with one in four new drivers having a crash in their first year of driving. Equally, the younger you are, the less likely you are to have experience in the industry – you may even be reading this page because you are looking for motor trade insurance for the first time.
The results in less insurance specialists wanting to offer trader insurance policies to younger people.
Will an under 25 motor traders insurance policy be more expensive?
As a result of the increased risk involved with insuring young people, it is likely that your policy will cost more. It’s important to note that insurance providers view risks differently, which is why it’s worthwhile running a comparison as you’ll see prices from multiple insurance providers who work with people under the age of 25, allowing you to pick the cheapest/most suitable policy.
Which Motor Trades Do We Work With?
We can help all types of businesses in the motor trade find insurance for young business owners or employees including:
Visit our comparison form to compare quotes today.