Part Time Motor Trade Insurance
– Compare Quotes from Specialist Motor Trade Brokers
Compare part time motor trade insurance from specialist UK brokers. Whether you buy and sell cars as a side business, trade from home, or deal at weekends, get the right road risk cover for part-time trading — all from one quick form. See all our motor trade insurance options.
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Quotes are provided by a panel of specialist motor trade insurance brokers. All providers are FCA regulated.
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Why compare part time motor trade insurance with MultiQuoteTime?
If you drive vehicles belonging to other people as part of your business, you will need a motor trade insurance policy that provides at least the legal minimum coverage required by UK law.
Finding the right motor trade business insurance policy to match your part-time business can be time-consuming. Having fast access to multiple quotes can go a long way to saving you time and likely reducing stress.
Finding and comparing the latest deals available in the insurance marketplace is fast and simple with our partner, Quotezone. The online quote process is designed to be quick and simple, allowing you to compare results using smart filters to narrow down your hunt for the best deal online.
Guide To Part Time Motor Trade Insurance
Most car dealers start off part time, maybe trading and working from home at the start, to keep the overheads low. At this stage you will not need the same level of cover as a full time dealer working from a forecourt, but you still need insurance to cover your part time work.
A part time motor trade insurance policy is for the professional who buys and sells vehicles, but does not do it as their main revenue stream. It is also referred to as auto trader’s insurance. Many of them specialize in a particular type of vehicle like sports cars, muscle cars or motorcycles. MultiQuoteTime works in partnership with QuoteZone who can help you by providing multiple car trader insurance quotes from a panel of select UK brokers and underwriters. This type of policy can be tailored made to fit your needs and the operation you have. To qualify for this type of policy, at a minimum, 1 vehicle should be purchased and sold per month.
What Is Part Time Motor Trade Insurance?
The definition of part-time motor trader’s insurance is coverage for buying and selling vehicles from your home, a showroom, or other business premises. It provides cover for the repairing and servicing of vehicles, and even covers breakdown services or even tire fittings.
You can combine policies that include road risks and other categories that we will go into later. So, if you are a car salesperson or motor industry worker who runs your own business or works even part-time, getting viable motor trade business insurance is essential.
Part-Time Motor Trade Insurance For Any Part Time Motor Related Business
Motor trade insurance is an umbrella term that covers a wide range of activities that related to motoring.
- Part-time and full-time motor traders
- Mobile mechanics
- Vehicle recovery service agents
- Car valets
- Working in body shops and crash repair
- Tire fitters
- MOT stations
All these motor trade categories have varying risks and have specific insurance needs.
What Does A Motor Trade Policy Cover?
Motor trade insurance policies cover those that work on and drives their customer’s vehicles. The policy can be streamlined to cover you, the company owner, and one or more of your employees. Although, you will need employer’s liability insurance if someone works for you. Even if you don’t drive your client’s vehicle, you’ll still need some form of motor trade insurance in event of any accidents to the vehicle in question whilst in your custody.
Here are some examples of the coverage you can expect from a standard policy.
- Cover in case your vehicle is damaged in an accident or stolen.
- Cover for any claims that may arise out of the work you do on the vehicles.
- Insurance for your customer’s vehicles when you want need to carry out a road test.
- Protection in case the tools or equipment you use are damaged or stolen when the premises are included in the policy.
What Types of Road Risk Motor Trade Insurance Are Available?
Motor trade road risk insurance offers the same level of protection as for full-time traders, but since the risks are reduced because of the low volume of vehicles that you deal with. If you are part-time and only deal with a low number of vehicles, your premium costs should be lower than full-time operators. The cover comes in 3 levels similar to standard car insurance and include;
- Third-Party Only Insurance : Meets the minimum requirement set by the UK government. This road risk cover repairs a third party’s vehicle and handles the medical bills of the people in that vehicle only.
- Third party fire and theft : This is the same as above, plus your vehicles are also covered if they are damaged by fire or are stolen.
- Comprehensive : This is the highest level of cover available. Comprehensive covers the costs of repairs for both vehicles involved in an accident and medical bills of the occupants of both vehicles.
All policies can be tailored to fit the needs of your business. When requesting a quote, you will have to provide information about yourself and business. This information will enable the panel of insurance brokers to offer quotes that are tailored to your individual requirements.
Requirements For Part Time Motor Trade Insurance?
To obtain a motor trade insurance policy, you will need to prove that you are indeed an official motor trader. Providing evidence such as invoices and receipts is the most common practice. Genuine motor traders will have no trouble doing this.
How Can I Save Money?
To save on a part-time trade policy premium, you must reduce the risk you pose to the broker. We have listed some steps that should lead to a lower premium below. Speak with your broker for other opportunities to reduce your premium.
- Making your place of business as secure as you can with fencing or have all the vehicles parked in a locked facility. Make use of technology by installing CCTV and alarms connected to the local police station. You should also install security lighting.
- Pay the premium annually to avoid the interest charges attached to monthly payments.
- All insurance policies come with an excess, the amount you accept liability for. In negotiation with your broker, this could be increased to a larger amount in return for a discounted premium.
Compare The Cost of Part Time Motor Trader Insurance Today
Request multiple quotes for part-time motor trade insurance cover by selecting GET QUOTES below. Then simply wait to receive multiple motor trader insurance quotes that match your business and financial requirements from a select panel of UK brokers. When reviewing the quotes, pay attention to any exclusions and limitations in the policies. If you have a specific requirement, make sure this is included within the policy. The panel of brokers will be able to advise and provide a policy that meets with your actual trader requirements.
Frequently Asked Questions
Part Time Motor Trade Insurance by Location
Find specialist part-time traders cover for your area
West Bromwich
Part time motor trade insurance for West Bromwich traders buying and selling vehicles
Sheffield
Part-time traders cover for Sheffield-based buying and selling businesses
Bristol
Compare part-time trade insurance for Bristol vehicle dealers and traders
Coventry
Road risk cover for part-time and hobby traders operating in Coventry
Leicester
Specialist cover for part-time vehicle traders and dealers in Leicester
Nottingham
Part-time trade policies for Nottingham-based car buyers and sellers
Newcastle
Compare part-time traders insurance for vehicle dealers across Newcastle
Cardiff
Part-time motor trade cover for Welsh vehicle traders based in Cardiff
Derby
Road risk and trade cover for part-time vehicle dealers in Derby
Stoke-on-Trent
Part-time traders policies for buying and selling vehicles in Stoke-on-Trent
Wolverhampton
Insurance for part-time motor traders and vehicle dealers in Wolverhampton
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