Think Insurance, UK, Walsall
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Motor Trade Insurance Cost Average

If you’re looking to take out your first Motor Trade insurance policy, or renew your current cover you might wonder what the Motor Trade insurance cost average is.

Whether you are just starting out, or you’re an experienced trader looking to renew your cover, you may want to know what the average cost of a Motor Trade insurance policy is, and so you could be trawling the internet doing countless online quotes without finding a reliable average.

Unfortunately, there isn’t really a Motor Trade insurance cost average, and that’s because a Motor Trade policy can be so varied and complex, and differ so significantly from trader to trader. Motor Trade insurance covers a wide range of different areas, from car sales to valeters, tyre fitters to recovery agents. For example, a Valeters insurance policy will be different to a Vehicle Sales policy, and while there will be some areas of crossover, there will be some Motor Trade insurance products such as Demonstration cover, that the Vehicle Sales insurance policy will need, but a trader taking out a Valeters insurance policy will have no use for. Therefore the Motor Trade insurance cost average for a valeter and a car dealer will be different.

Of course there are basic levels of cover where we might be able to draw an average from. For example, if a motor trader wishes to take out a no frills, minimal cover Traders insurance policy such as Road Risk insurance, then an average could be worked out however it still wouldn’t produce an accurate Motor Trade insurance online quote for the whole of the motor trade. 

Average Cost of Motor Trade Insurance

Lower the Cost of Your Motor Trade Insurance

If you’re looking to work out the average cost of a Motor Trade insurance policy then you’re probably also looking for ways to reduce the overall cost of your Trade Car insurance. There are certain ways you can achieve this, but first you need to conduct an assessment of your motor trade business. Since the last time you took out a Motor Trade policy your business may have changed and there could be certain Motor Trade insurance products that you no longer require, or perhaps there could be things that now need insurance if your business has grown or you’re offering new services to customers.

It doesn’t matter if you are new to the industry and will only be purchasing a minimal policy such as Motor Trade Road Risk insurance, or maybe you’re looking for a Comprehensive Motor Trade insurance policy (without any additional products) and are looking to lower your price; did you know that you could use a No Claims Bonus from a private Car insurance policy?

Many of the things that regular Car insurance providers prefer, Motor Trade insurance providers look for too, such as keeping cars in a secure location such as a gated driveway, and also being based in a low crime area. Working with lower value vehicles instead of super cars and high-performance vehicles will also help.

Specialist brokers such as Think may have access to exclusive rates that are only available if you speak to them over the phone, and are not available online, and so motor traders using comparison sites or gathering online quotes to find out an average cost may not be aware of these and so won’t include them in any calculation to find a Motor Trade insurance cost average figure. Those rates can only be accessed by calling specialist insurance brokers such as ourselves, so what are you waiting for?

lower your insurance motor trade

Discuss Your Motor Trade Insurance Options with an Expert

If you would like more information on a Motor Trade insurance policy and the options that are available to you, then please call 0800 221 8077 to speak to a member of our highly trained Motor Trade insurance team. Alternatively, if you would like us to call you then click the ‘Get a Quote’ button below, leave your details and we’ll be in touch.