What is valeter’s insurance?
Valeter’s insurance is a form of motor trade insurance for businesses or sole traders offering valeting services. As a valet, having the right insurance in place is crucial. Finding it, however, can prove challenging. As the owner of a valeting business, you do not want to pay more than necessary for insurance. Still, you probably also do not have time to approach individual insurance providers to arrange quotes and compare prices. As well as this, you want to make sure you are protected should an unexpected event happen.
To make finding valeter’s insurance easy, at Quote Goat, we compare motor trade insurance quotes from a panel of providers. Using our free service means that you only need complete one short quote form to compare quotes from a panel of leading providers. You’ll benefit from advice from industry experts and help tailoring a policy for your needs.
To get started, submit your details via the quote form.
What does valeter’s insurance include?
There are two main types of valeter’s insurance, namely road risk & combined motor traders.
Road risk insurance tends to be more suited to smaller businesses, part-time traders or those operating a motor trade business from home. It typically covers you to drive your vehicles for business/private use and drive customers’ vehicles when it is necessary for motor trade purposes.
According to your requirements, combined motor traders’ policies consist of road risk insurance and additional covers. A combined policy may include employer’s liability insurance, which is typically a legal requirement should you have employees, insurance for your commercial premises, public liability insurance, business interruption insurance, stock insurance and more. If you are unsure what type of cover you require, you can ask for advice when discussing your quotes with a member of the panel.
It is often cheaper to arrange a combined policy than organising individual policies, and it will most likely make it a great deal easier to manage.
Do I need car valeting insurance?
People generally recommend that anyone operating a valeting business has a motor trade insurance policy. If they have to drive a customer’s vehicle as part of their job, it is a legal requirement to have road risks insurance at a minimum.
If you are unsure whether you need valeter’s insurance or what level of cover you require, you can get free advice from insurance providers on the panel by submitting your details via the quote form.
How can I reduce the cost of my policy?
The cost of your policy depends on a multitude of factors. Below are a few ways to help keep costs to a minimum:
- Do not auto-renew: loyalty is rarely rewarded in the insurance sector, so make sure to visit us again next year prior to your renewal date to compare prices again.
- Build up a no-claims bonus: pay attention to keeping your no-claims bonus intact. Sometimes it may be cheaper to avoid claiming on your policy to keep your no-claims bonus.
- Consider employees: who you name on your policy will impact your level of risk and therefore policy costs. Young employees and those with motoring and non-motoring convictions will most likely increase costs.
- Do not over-insure: it may sound obvious but only include covers that you require – if in doubt, discuss with the insurance provider(s).
I’m young, can I still arrange insurance for my valeting business?
It can be trickier to find motor trade cover if you are under 25; however, we make it easy by submitting your details to a panel of insurance specialists. Any insurance providers that can work with you will get in touch to provide a quote instead of arranging quotes with insurance providers individually.
Car valeter insurance FAQs
Please see commonly asked questions below. For more specific questions we recommend submitting the quote form and discussing with an insurance provider.
How much does valeter’s insurance cost?
The cost of a policy depends on a number of factors including your experience, your location, your employees and more. The best way to get an accurate understanding of how much your policy would cost is to submit the quote form and receive a no-obligation quote.
Is part-time cover available?
Part-time cover is available and can often be cheaper than cover for a full-time valeter. Please discuss with the insurance provider(s) you speak to.
Can premiums be paid for on a monthly basis?
Yes. Policyholders are generally able to choose between monthly or annual payments. Please note that paying annually is the cheaper option as no interest charge is incurred.