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Motor Trade Insurance Comparison

For something as complex as a Motor Trade insurance policy, we’d recommend using a specialist broker instead of a comparison site.

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In recent years the popularity of comparison sites when it comes to searching for insurance, and almost anything, has skyrocketed. Everything from mobile phone contracts to Car insurance for Young Drivers can be compared with a few clicks of a button. However, there are some insurance products that may not be as simple as Car insurance, where there are only a few different types of cover available, and only a handful of optional extras such as Legal cover, Breakdown cover and Windscreen cover, and trying to sort them over the internet, may not be the best way.

Due to the complexities of Motor Trade insurance, you may find that there aren’t many comparison sites that actually offer the ability to get a Motor Trade insurance quote online, so your online comparison options may be limited. Many motor trade businesses are often quite complex and have a variety of different elements that need insuring, and not every trader will be 100% sure of exactly what they may or may not need cover for. This can mean having to run several attempts through the comparison site(s) to see what your options are and the prices you may actually end up paying.

In this scenario it’s wise to find a reputable Motor Trade insurance broker instead, such as Think Insurance. Our Trade Car insurance representatives are experts in Motor Trade insurance and can successfully guide you along the right path, helping you to understand Motor Traders insurance, the type of policy that’s right for you, and what additional cover you may need to consider as your motor trade business grows.

A comparison site cannot give you advice on how your insurance needs may change if your business expands and you start offering more products or services. Understanding how your motor trade business may change is important as it could affect your Motor Trade insurance policy. For example, if you currently run a mobile car cleaning business, but plan to move to a dedicated premises to offer both an onsite service and a mobile service in six months’ time, then your Motor Trade insurance for Valeters would need to be altered to include Buildings & Contents cover at the point the plan becomes a reality. It’s important to remember that you should let your insurance broker know about any changes to your business, to make sure that you’re properly covered, and aren’t left out of pocket should something happen that they were not aware of.

Having access to a Traders insurance broker that has specialist knowledge isn’t just about helping you decide what type of Motor Trade insurance policy is right for you, but it can also help you decide any additional cover you may need for your business.

A specialist Motor Trade insurance broker will advise on the different type of Liability insurance covers you may need, such as Employers’ Liability, Public Liability or Product Liability, as well as helping you decide between either a Part-time Motor Trade insurance policy or a Car Trade insurance policy aimed at those operating their business on a full-time basis. They can also help you understand the differences between a Road Risk policy or a Combined Motor Trade insurance policy.

If you do opt to search for your latest Motor Trade insurance policy using a comparison site you may find that you deny yourself access to some of the exclusive rates that only a specialist insurance broker such as Think Insurance can offer. This means, by going through a Motor Trade insurance comparison site and not a broker such as Think Insurance, you could end up paying more for your Motor Trade insurance policy, and you could end up with either less cover, or insufficient cover for your business needs.

Going through a specialist broker like Think is just as easy, if not easier, than going via an online insurance comparison website when getting your Trade Car insurance policy, and it can also give you the peace of mind of having spoken to an expert to make sure you have the right cover. It’s as simple as filling out our contact form or calling us direct on 0800 221 8077. Get in touch today and speak to one of our Motor Trade insurance experts!