Motor trade
Compare motor trade insurance UK online
The key points to weigh up when comparing motor trade insurance online in the UK: cover for your trade, price, customer service, ease of use and reviews.
Motor trade insurance covers people who buy, sell, repair or work on vehicles as a business. Because motor traders do such different jobs, from part-time car sales to full garages and body shops, policies can vary a great deal. When you compare motor trade insurance online, these are the key factors to consider.
What to look at when comparing motor trade insurance
1. Cover
Motor trade policies differ widely in the cover they provide, so it is worth checking that a policy suits your business. Look for cover that includes the types of vehicles you handle and the particular risks of your trade. Things you may want to check include:
- Road risks, which cover you to drive customers' vehicles and vehicles you own as stock on public roads.
- Premises cover, if you work from a unit, showroom or forecourt.
- Public and employers' liability, if you deal with members of the public or employ staff.
- Which drivers are covered, and any age limits.
2. Price
Price is always part of the decision. Compare premiums and also any additional fees or charges that come with each policy, so you can see the full cost. A low premium with high fees or a large excess may not work out as good value.
3. Customer service
It helps to deal with a provider that looks after customers well and acts quickly when you need help. For a motor trader, a claim that drags on can mean vehicles sitting off the road and lost sales.
4. Ease of use
Getting a quote, buying a policy and managing your cover should be as straightforward as possible. Some providers offer online tools to help you manage your policy, add vehicles or update details.
5. Reviews
Hearing from other motor trade businesses about their experience can be a helpful way to judge different providers.
Bringing it together
When comparing motor trade insurance online, take your time and look for a policy that gives you the right level of cover at a competitive price, rather than choosing on price alone. You can check any firm you deal with on the FCA register.
With Kompare, you fill in a short form about your business, and a specialist FCA-authorised broker from our panel contacts you to talk through motor trade quotes. Find out more on our motor trade insurance page.