How We Help First Time Motor Traders Find Insurance
Save Time When You Compare
Our free service aims to make it easier for people starting out in the motor trade industry to compare prices for their insurance. Using a comparison site is particularly pertinent for first time traders as a lot of insurance providers/brokers will insist on businesses having at least a year of trading experience behind them. With that in mind, instead of arranging quotes by yourself by approaching individual insurance brokers and providers, let us remove the guess work for you by submitting your details to a panel of motor trade insurance providers. You’ll then receive quotes from panel members that are able to provide you with suitable cover.
Expert Advice
Alongside no-obligation quotes, you’ll also get expert advice and guidance from industry experts. 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 over-insure
Make sure you only purchase necessary cover, being 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 prices again, instead of auto-renewing your policy. Loyalty often doesn’t 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
There’s so much to consider when starting any new business, as you’d expect from any industry, so remove the stress of finding first-time motor trade insurance by comparing quotes through Quote Goat.