Compare Car Trading Insurance

Car Trading Insurance

Car trading insurance is really important; from a ‘one-man-band’ used car salesman trading from a home address, through to an extensive swanky showroom, if you buy and sell vehicles for a living, you need to ensure that you have adequate insurance cover in place. Get a Car Traders Insurance quote now!

What is Car Trading Insurance?

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

Car dealers 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, they need protect their vehicle stock from loss or damage, and their customers and employees from liability.

Also, allowing customers to test-drive vehicles is a crucial part of day-to-day operations for an auto trader, so demonstration coverage is also needed. Depending on the business in question, it may also make sense to take out vehicle in transit cover, loss of income insurance, plus other measures that protect you and your customers. To ensure protection, it’s important to speak with an expert car sales insurance broker who can arrange a dedicated car traders insurance policy for you.

Who needs Car Trading Insurance?

Auto trader insurance is recommended for any commercial business that is involved in the sale of vehicles, whether you’re selling a few cars on a part-time basis or operating a fully-fledged dealership with hundreds of vehicles. Car trading 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.

Typical Car Traders Insurance coverage options include business premises insurance, vehicle 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 Trading Insurance

Insurance is a crucial part of running a successful business, and whilst you can always take out individual insurance contracts, this way of working can be expensive, complex, and highly risky. Dedicated car sales 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 traders insurance policy options to meet the demands of dealerships across the UK.

How does Car Trading Insurance 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. Auto trader insurance works by covering the things that matter. These are:

  • Garage stock: This could be loss or damage to vehicles on display
  • Road Risks: This covers the use of vehicles 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

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Types of car traders insurance policy 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 advise you on the best level and type of insurance cover for your business, 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 vehicles, and, for motor trade purposes only, customer vehicles. 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 Auto Trader 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 could include: Liabilities and Indemnity, Engineering Inspection, Uninsured Loss Recovery, Defective Workmanship, Premises, plant, and tool cover (including on-premises cash, stock, office contents, machinery, tools, buildings), Business Interruption and own vehicle cover.

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

Benefits of our Car Sales Insurance

We compare auto trader insurance policies from the leading UK insurance providers to make sure we find the most suitable car traders insurance policy on the market for you.

  • 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 premiums
  • Quotations over the phone
  • Instant cover

Get a Car Trading Insurance quote

If you’re a dealership and are looking for a car traders insurance quote, 1st Choice Insurance is here to help. Call our friendly, experienced team on 01743 770 500 for a no obligation insurance quote or use our Get a Quote Form to request a call back.

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