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Motor Trade Road Risk Insurance

If you work in the motor trade business you will need to make sure you are covered to drive all vehicles stored on your business premises. As well as being able to drive any vehicles temporarily in your custody for motor trade purposes. Having this cover is important, especially when you are keeping multiple vehicles from numerous different customers. With there being many different types of motor trade insurance policies, it can be very confusing knowing what the correct insurance is that you need.

Motor trade road risk insurance will cover you if you need to drive customer cars. There could be many reasons for driving your customers vehicles, such as needing to pick up the vehicle and take it to your business address, take it out for a test drive or you could be offering a valet service. Due to the greater number of risks involved in a motor trade road risks insurance policy, you will more than likely find it is more expensive than standard car insurance. However, at iRevolution Connect we do not believe you should be taken advantage of financially, so we can put you in contact with brokers who can offer competitive and fair quotes. We will also ensure that you are offered a policy which is tailored to your needs.

Do I need motor trade insurance?

If you run a business that requires you to drive or hold on to customers vehicles then you are legally required to at least have a third party motor trade policy. Some of the businesses that will need a motor trade policy are;

  • Breakers yard
  • Repossession agent
  • Vehicle assessor
  • Vehicle delivery
  • Mechanical repairs
  • Valeting
  • Exhaust and tyre fitter
  • Buying and selling vehicles

Why does motor trade road risk insurance cost more than my normal car insurance?

This type of policy may cost more, but it does cover you for more, so you are getting your money's worth. Essentially having a motor trade policy means you will be covered, rather than an individual vehicle. You will have the freedom of being able to drive any vehicle that is connected to your motor trade business. The risk is greater as potentially more vehicles are being covered at the same time. Especially if you have any named drivers on your policy, as this means you could have multiple vehicles being driven on the roads at the same time.

Motor Trade Road Risk Insurance Add-ons

As well as having cover for road risks for your motor trade business there are some extensions to your cover available. Depending on what exactly you do in the motor trade could determine whether you would need some of these add ons. You can purchase a Motor trade combined policy which would include public liability and employers liability insurance.

Demonstration cover could be ideal if your business is buying and selling vehicles. Having this in place would mean you care covered for potential customers taking a test drive in one of your cars, as long as you are in the car with them of course. Considering that most people would not buy a car without test driving it, having demonstration cover in place could be beneficial to your business.

Motor Trade Insurance

Why choose iRevolution Connect for your motor trade road risk insurance?

Here at iRevolution Connect we have access to brokers that are experienced in motor trade road risk insurance policies. All of our brokers are regulated by the FCA so you know they are trustworthy companies. As our brokers are knowledgeable about motor trade road risk insurance they can answer any questions you may have, and can make sure you are offered an insurance policy that suits your needs.

Monthly payments

We know providers can offer to spread the cost of your insurance over monthly payments.

Three levels of cover

Just like standard car insurance you will have the option of three levels of cover. You can choose between comprehensive, third party fire and theft and third party only. It may surprise you but comprehensive insurance is not always the most expensive level of cover. It is always best to get prices for all three levels and decide what is best for you. Our partners can help you with this decision if necessary.

insured service garage

How to get a motor trade road risk quote?

If you choose to get a quote for your motor trade road risk insurance through iRevolution Connect, all you need to do is fill out our online form. We will then match you with our chosen motor trade insurance partners who will look to insure you correctly.

Motor Trade Road Risk Insurance |
Product Lowest Price Highest Price Customer Rating
Motor Trade Road Risk Insurance | £922.18 £3023.1 4.35 / 5

Pricing claim generated from smallest and largest base premiums of policies sold from 1st January 2018 to 31st December 2019 from one of our partners.

Customer product rating is based on 59 reviews from a range of 1 to 5, where 5 being the best.