Add Your Spouse To Your Motor Trade Insurance Policy
You can add your spouse or partner to your Motor Trade insurance policy as long as you cohabit, saving your household money.
Did you know you can add your significant other on to your Motor Trade Insurance policy for a relatively low cost?
Whether you’re taking out your Trade Car insurance, renewing your policy or simply want to add your spouse/partner to your Motor Trade insurance, you can do so easily with Think Insurance.
Add Your Spouse or Partner for as Little as 5%
You can add your spouse, as long as you are cohabitating, on to your Motor Trade insurance policy with very little fuss, and it can cost as little as 5% of the total price of your Traders insurance premium.
There’s more good news! You don’t even have to be married as most insurers on our motor trade panel will now consider a common law wife/husband in the same way as a spouse. This means that as long as you cohabit, you can ring up and have them added to your Motor Trade insurance policy and that means you can start saving money!
So Where Exactly Can You Save?
When taking out your Motor Trade insurance, you will have added your personal car(s) onto the policy allowing you to cancel your previous Car insurance to avoid paying for both a Motor Trade insurance policy for your business and a separate Car insurance policy for your personal vehicle(s).
By adding your partner’s vehicle onto your Motor Trade insurance policy you can save your household further. Your partner will enjoy the same level of cover as your personal vehicle does and will be able to retain their No Claims Bonus for two years if they want to revert back to having their own personal Car insurance policy, for whatever reason.
Having your personal car and the car of your partner covered under the same Motor Trade insurance policy effectively means you will have one policy that covers three different things, helping you to save money overall.
You can save further by reducing the level of cover your spouse/partner has, for example restricting your partner’s car to personal use only, which would help reduce costs if your spouse/partner isn’t involved in your Motor Trade business and doesn’t need to have business use.
Add Your Other Family Members onto Your Motor Trade Insurance Policy
You may even be able to add other family members/friends/employees onto your Motor Trade insurance policy, though you could be subject to different terms and conditions or costs if you wish to do so.
However, you must be careful when adding additional drivers onto your Motor Trade insurance policy, especially if they aren’t needed for business use. This is because adding more drivers onto your Trade policy means a higher risk of you needing to make a claim on your insurance, which in the long run could cost you more than you save!
Make Sure You Only Add Drivers with Good Driving History
Adding drivers could save you money overall, but in some circumstances it can significantly raise the price of your Motor Trade insurance premium. If you add drivers to your Motor Trade insurance policy that have a poor driving record such as a driver with a multiple driving convictions and lots of points on their licence, you may not see much of a benefit. You also need to consider whether you want a motorist with such a poor driving record on your Motor Trade insurance policy? The risk wouldn’t be worth it, even if they are your spouse or a family member.
In addition to motoring convictions, you should also be wary about adding drivers with non-motoring convictions to your policy, as drivers with non-motoring convictions will usually raise the price of your Motor Trade insurance premium. Drivers with convictions should consider our Convicted Driver insurance policy.
Young drivers can also raise the price of your Motor Trade insurance policy too, and drivers under the age of 25 can only be added onto your Traders insurance policy if they are your business partner or are directly employed by your trade business. If a young driver in your immediate family needs Car insurance cover then we would recommended our Black Box insurance policy for young drivers.
Want to Add Your Spouse to Your Motor Trade Insurance? Get in Touch Today!
The ability to add your partner on to your Motor Trade insurance policy is often an overlooked benefit of working in the trade. If you would like to learn more about how to add your spouse to your Motor Trade insurance policy, call our Motor Trade insurance experts today on 0800 221 8077.
Not yet got a bespoke Motor Trade insurance policy through Think Insurance? No problem! You can call us on the number above, or to start the quotation process click the ‘Get a Quote’ button below and a member of our Motor Trade insurance team will get in contact to see how we can you get the right Motor Trade insurance policy for your business.