Compare Car Dealers Insurance

Car Dealers Insurance

From a ‘one-man-band’ used car salesman trading from a home address to a sparkly new showroom, if you buy and sell cars, you need to ensure that you have the correct car dealers insurance cover in place. We can even arrange competitive Car Dealer Insurance from home. Get a quote now!

What is Car Dealers Insurance?

Car dealers insurance, also known as car dealership insurance or motor dealer insurance, is designed to protect auto dealers when they sell new or second-hand cars. Car dealers insurance is a type of auto trader insurance that includes special provisions for car stock, tools and equipment, machinery, dealer premises and other risk factors likely to influence car dealerships.

Car dealerships can easily get caught out by a lack of insurance or significant gaps in coverage. While typical motor trade policies provide a number of coverage options, motor dealers require an extra level of protection that has been tailored to their business model. For example, dealerships need to protect their car stock from loss or damage, and their customers and employees from liability. This is why a specialist dealership insurance policy is most suitable.

Allowing customers to test-drive cars is a crucial part of day-to-day operations for a car dealership, with accompanied demonstration coverage also needed. Depending on the business in question, it may also make sense to take out car in transit cover, loss of income insurance, and other measures that protect you and your customers. To ensure protection, it’s important to speak with an insurance broker and take out a dedicated car dealers insurance policy.

Who needs Car Dealers Insurance?

Motor dealer insurance is recommended for any commercial business that is involved in the sale of new or second-hand cars. Whether you’re selling a few cars on a part-time basis or operating a fully-fledged dealership with hundreds of cars, it’s essential to get the coverage that your business deserves. Dealership insurance needs to be flexible, affordable, and able to protect you against all possible contingencies. We can also offer great rates for Car Dealer at Home Insurance.

1st Choice Insurance provides a range of coverage options for car dealerships across the UK, with individual traders able to tailor contracts to meet their needs. Typical Car Dealers Insurance coverage options include business premises insurance, car stock protection, road risk cover, tools and equipment insurance, public liability, employers’ liability, loss of income insurance, accompanied demonstration insurance and much more.

Benefits of Car Dealers Insurance

Insurance for dealerships is a crucial part of running a successful business. While you can always take out individual insurance contracts, this way of working can be expensive, complex, and highly risky. Dedicated car dealer insurance combines a range of protections under a single umbrella, which makes it easier for you to get insured than ever before. Here at 1st Choice Insurance, we provide a range of car sales insurance coverage options to meet the demands of dealerships across the UK.

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How does Insurance for Dealerships work?

At 1st Choice Insurance, we understand that every business is different and so are its needs. That’s why we always work to provide bespoke Car Sales Insurance policies to cover each business. Insurance for dealerships works by covering the things that matter. These are:

  • Garage stock: This could be loss or damage to cars on display.
  • Road Risks: This covers the use of cars on the road for motor trade purposes such as test drives.
  • Goods in Transit: Covers any stock that may be in transit such as tools.
  • Contents Insurance: Covers contents of buildings from furnishings to cash on premises.
  • Public Liability Insurance: Covers possible accidents from the public on your premises.
  • Employers Liability Insurance: Required by law from all employers.

What Car Dealer Insurance policies can we offer?

There are a wide variety of options to choose from. At 1st Choice Insurance, our team will use their specialist knowledge of the Car Sales Insurance market to ensure you get the cover you need at the right price. We can advise on the best level and type of car sales insurance cover, including:

Road Risks Insurance Cover – this is the most basic level of cover for motor trade and allows you to drive any of your own personal cars, and, for motor trade purposes only, customer cars. There are three levels of cover to choose from: Comprehensive, Third Party Fire & Theft and Third Party Only. You can also cover trade plates, additional business occupation and demonstration cover.

Combined Motor Traders Insurance – does what it says on the tin! This is Road Risks Cover plus a tailored range of additional insurances to protect a business/trader in the event of a claim or loss. This type of insurance is very much dependent on the individual business.

Types of cover you may wish to consider:

  • Professional Liability
  • Sales & Service Liability
  • Engineering Inspection
  • Defective Workmanship
  • Variable levels of indemnity
  • Additional use for other business occupations
  • Premises, plant and tool cover (including on-premises cash, stock, office contents, machinery, tools, buildings)
  • Business Interruption
  • Own vehicle cover

If you are buying and selling cars, we’ll also instruct you in how to use the MID to update the database as necessary with any purchases or remove cars that have been sold. It’s a quick and easy process that ensures you are only responsible for the cars that you have registered.

Why choose 1st Choice?

We compare motor trade policies from the leading UK insurance providers to make sure we find the best motor trade insurance cover on the market for the lowest possible price.

  • Access to a wide range of bespoke policies.
  • We compare insurance quotes to find you the best one, so you don’t have to.
  • Experienced specialist motor trade broker.
  • Documentation issued by email and post (if required).
  • A dedicated staff team for all your policies.
  • Great savings on your insurance premiums.
  • Quotations over the phone.
  • Instant insurance cover.

If you’re a dealership and are looking for a cheap dealership insurance quote, 1st Choice Insurance is here to help. Call our friendly, experienced team on 01743 770 500 for a no-obligation Car Dealers Insurance quotation or use our Get a Quote Form.

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