Motor Trade Insurance For Start-ups

Compare Insurance Quotes For New Motor Trade Businesses

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How We Help First Time Motor Traders Find Their Insurance

Save Time When You Compare:

Our free service is an easy way for people starting in the motor trade industry to compare prices for their insurance and is particularly beneficial for first time traders who will typically need to look harder for the best deals. Instead of arranging quotes by yourself from individual insurance brokers and providers, let us do the hard work for you by submitting your details to a panel of motor trade insurance providers. You’ll then receive quotes from panel members competing for your business.

Expert Advice:

Alongside no-obligation quotes, you’ll also get expert advice and guidance from industry leading specialists. As you’re purchasing a motor trade insurance policy for the first time, this advice can be handy, ensuring you have the right cover for your circumstances.

There is a range of options for trade insurance, including choosing between road risk or a combined policy, whether you need to include cover for public liability, employer’s liability, material damage and many more. Making sure you are correctly covered when new to the industry is not straightforward, so let the experts take you through the process.

How to lower the cost of insurance for motor traders without trading experience

Do not overinsure:

Make sure you only purchase the needed cover and be accurate with what/who you are insuring. For example, do you need any driver cover, or will one employee be driving trade vehicles?

Discuss what you need in your policy with any motor trade insurance providers you speak to if you are unsure what you need to be included.

Experienced, safe employees:

If you have/will have employees, note that criminal convictions (both motoring and non-motoring) are likely to increase the cost of your trade insurance. It’s worth bearing this in mind when taking on new employees.

No claims:

Like standard car insurance, as the holder of a new motor trade policy, you will need to spend time building up your no claims bonus. That said, your private car insurance no claims bonus is considered when you compare quotes.

Switch Annually:

Take the time each year to compare motor trade insurance quotes instead of auto-renewing your policy. Loyalty often does not pay in the insurance industry.

Which motor trades need insurance?

If you are driving your own or another person’s vehicle for your business, you are legally required to have motor trade insurance at the minimum level of third party road risk insurance. Most motor trades will therefore need some form of motor trade insurance, including:

Car valeters 
Mechanics
Tyre Fitters
Scrap Yards
Vehicle Haulers
MOT garages and
Dealerships

The level of insurance you require depends on your circumstances, so if you are unsure what cover you need or whether you need any at all, complete the quote form here to discuss your requirements with an expert and get a no obligation quote if required.

Summary

Starting in the motor trade industry will require a lot of hard work, as you’d expect from any industry, so remove the stress of finding first-time motor trade insurance by comparing quotes through Quote Goat.

Written By Michael Foote, Insurance and Finance Expert

Michael 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.