Why use Kompare for traders insurance?

Kompare puts you in touch with specialist brokers who work with the motor trade. You fill in one short form instead of entering your details on lots of websites, and a specialist FCA-authorised broker from our panel contacts you about quotes. The service is free and there is no obligation to buy.

What types of trades need this insurance?

If you buy, sell, repair, refurbish or do any other work on vehicles, you are likely to need traders insurance. Typical trades include mechanics, car valeters, breakdown recovery specialists and windscreen fitters, among others. If your business has staff who drive, you may need a policy that covers them too.

What details do I need to provide?

You will be asked about your trade and business type, your personal information such as name, age and address, the vehicles you drive and how many named drivers you need, and your no claims history.

Motor trade

Traders insurance

What traders insurance is, who needs it, the difference between road risks and combined cover, and the details you need to get a quote.

Finding traders insurance used to be complicated, which left many traders frustrated. Kompare makes it simpler: whether you are a part-time mechanic or run a multi-site dealership, you fill in one short form and a specialist broker contacts you about cover that suits your business.

What is traders insurance?

Traders insurance, also called motor trade insurance, covers a wide range of businesses that work with vehicles, and policies can be tailored to the individual business.

When a business deals with customers' vehicles, it takes those vehicles into its possession. Traders insurance provides cover for businesses that have a customer's vehicle in their care, custody or control, as well as for those involved in buying and selling vehicles.

The two main types of policy

Road risks only

Road risks cover is for driving vehicles in connection with your trade, including customers' vehicles and your own stock. It suits traders without business premises.

Combined

Combined cover adds protection for your premises to road risks, such as buildings, tools, stock and liability. It suits businesses with a garage, workshop or showroom.

Getting a quote

You fill in a short form, and a specialist FCA-authorised broker from our panel contacts you to talk about quotes. If you go ahead, your policy is arranged with that broker.

Find out more on our motor trade insurance page, read about how we work, or contact us.