Motor Trader Insurance
INSURE YOUR BUSINESS NOW
Whatever type of motor trader you are, we can find the cover you need. From combined cover or road risk only, we'll sort it.
Cover For Full & Part-Time Traders
Whether you're a car flipper or have your own dealership, we'll find a policy to suit your work.
Safeguard Your Premises
With combined motor trade policies, you can protect your premises and chose elements to complement your cover.
Specialist Cover For Any Motor Trader
From mechanics to recovery truck drivers and car sellers, we'll help you find the perfect policy tailored to your profession.
Clear. Simple. Sorted.
Clear Communication.
Don't worry about your insurance, that's our job. We will support you by decoding available cover to ensure you can make an informed choice on your policy.
Save Time & Money.
With us, you won't just save on your premium. Our sophisticated tech hunts down affordable quotes in mere minutes, so you can get covered ASAP.
Get Started at Staveley Head
Leading motor trade insurance broker for over a decade.
Policies available from over 49+ reputable insurers.
With all our knowledge & experience, we'll always steer you on the right path. Find out how it works below and how to get started.
Pick your insurance type.
Find the insurance you need here. Choose from commercial and personal policy types provided by our trusted insurers.
Click here to get a quote.
After you've pressed the button, we'll use our tech to compare the most competitive quotes for the cover you need,
Get insured. Fast.
Leave it to us to do all the hard work to get you covered, so you can hit the road with peace of mind.
Levels of Motor Trader Insurance cover
Third-Party Only
Third-Party Only is the minimum level of insurance required by law that covers the other party only in the event of an accident.
Third-Party, Fire & Theft
Your vehicle will be covered for loss or damage caused by fire, and theft, plus accident cover for third parties.
Comprehensive
Comprehensive motor trade insurance includes Third-Party, Fire & Theft, plus more depending on your policy.
Overview
Motor Trade Insurance
Insurance can seem like a minefield when working in the motor trade industry. However, it doesn’t have to be.
We take the time to understand your business, ensuring you get the cover you need. Our experts have decades of experience in the industry, and we use our expertise to find you the correct cover and the most competitive motor trade insurance quotes on the market.
What Is Motor Trade Insurance?
Motor trade insurance is designed to insure a wide range of businesses that fix, drive, and maintain other people’s cars.
This type of insurance differs from the average private car insurance. For traders, there is a higher risk factor when working in the motor trade industry, so a higher amount of cover is required for their business.
Whichever part of the motor trade industry you operate within, your business will need the correct cover. Risks faced by traders can include possible damage during a repair or service, and if a customer wants to test drive a vehicle before buying.
Who Needs Motor Trade Insurance?
Motor trade insurance and road risk insurance are legal requirements, even for self-employed or part-time traders.
The most common businesses that require motor trade insurance include:
- Motor traders and car sellers
- Mechanics, auto shops, tyre fitters, and body repairs
- MOT garages
- Vehicle collection and repossession
- Breakdown recovery services
- Scrap yards
- Vehicle collectors
- Car valets
Do I Qualify for a Motor Trade Insurance Policy?
Whether you qualify for motor trade insurance will depend on the insurer and your business. Motor trade insurance does not cover multiple vehicles in the same way as a fleet insurance policy or personal multi-car insurance.
To qualify for a motor trade policy, you must prove you’re operating a genuine, income-generating business. These businesses can be buying and selling used cars or performing a mobile repair service, for example.
Some restrictions can prevent you from obtaining motor trader insurance. Before applying, please keep in mind the following conditions:
- The business must reside and trade only in the UK.
- Vehicles are limited to private and commercial vehicles that can be driven with a standard driving licence.
- Drivers under 25 cannot qualify.
- All drivers must have been UK residents for at least three consecutive years.
- Drivers must hold a full UK driving licence for at least two consecutive years.
If you meet the eligibility criteria, you can apply for motor trade insurance by calling us on 0800 0815 029.
Can I Drive Any Car With Motor Trade Insurance?
Overall, you will not be covered to operate any vehicle with motor trade insurance. You will be covered to drive the vehicles you own and those in your custody or control in connection with your motor trade business.
What is considered an acceptable vehicle covered under a policy will differ depending on your insurer, as well as the value and type of vehicle.
We always recommend double-checking your policy wording if you’re unsure of whether your vehicle qualifies. Alternatively, you can always give us a call on 0800 0815 029 and receive advice tailored to what cover your vehicle needs.
How Much Is Motor Trade Insurance?
The cost of your motor trader insurance premium depends on the type of coverage your business needs and the insurer you choose. Find out how much you can save on your traders insurance and call our team on 0800 0815 029 to get a quote in minutes.
What You Can Expect From Us
Why choose Staveley Head to find your motor trade insurance?
You'll always get top tier service with us. Here are just some of the benefits and features you will get:
- 01
Experienced Motor Trade Insurance Broker
We’ve been a leading motor trader insurance broker for over a decade.
- 02
Reputable Motor Trade Insurers
We work with some of the UK’s most reputable insurance companies.
- 03
24-hour, UK-based Claims
Our 24-hour, UK-based claims team are here when you need them.
- 04
Add-Ons Available
Choose from additional extras to support your work such as breakdown cover.
- 05
Combined Premises Cover
Our motor trade combined policies can offer a truly tailored cover to suit your needs.
- 06
Affordable Quotes
It’s quick and easy to get a quote for motor trader insurance.
Your Policy Unpacked
What Coverage Do You Need?
Your coverage will vary depending on your policy needs. Here are just some of the many options available from our insurers:
What we can cover you for:
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Third-party, fire, and theft policies include compensation for loss or damage to your vehicle caused by fire, lightning, explosion, theft, or attempted theft.
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Your legal liability for damage to property owned by another person arising from an accident involving an insured vehicle.
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Depending on your policy, coverage may extend to vehicle accessories and in-vehicle equipment.
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Optional coverage for car sellers to provide demonstrations.
What’s not included:
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Loss or damage is not covered when an insured vehicle is parked, kept on, adjacent to, or within a specified radius of any motor trade premises.
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Unlocked and unattended vehicles that have not been properly secured are excluded from coverage.
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Coverage is not provided when your vehicle is being driven by someone who is disqualified from driving or has never held a driving licence.
The Motor Insurance Database (MID) is a register of all vehicles insured and shows the identity of the relevant insurer.
It is a legal requirement for motor trade policyholders to supply accurate and timely updates to the MID. Failure to provide accurate updates will result in costly fines.
Luckily, depending on your insurer, you can update the MID via their portal or we can do it for you. Just head over to our MID Update section now to gain access to your insurer’s portal or submit an update request via our teams.
You must keep the MID up to date with vehicles you own or are likely to have in your custody for a certain length of time. The MID must also be updated when you no longer possess these vehicles.
MID updates can be made completely online, and the process for adding your update may vary depending on your policy provider.
If you need any help regarding your responsibilities and the MID, our team can assist you over the phone at 0800 0815 029. If your insurer has an online portal or you’re unsure who your policy is with, you can find out on our MID Update page.
Every business is different and has various requirements. While the vehicle is in your care, it is the responsibility of your business to have the correct additional extras alongside your motor trade insurance.
We offer several optional extras tailored explicitly to the motor trade. If you need extra cover in addition to your policy, we can help.
Our range of extras includes:
- Stock of vehicles insurance: Stock of vehicles insurance covers a business’s inventory of vehicles, which can be owned and operated as part of the business or sold and up for lease. It can help protect against financial losses resulting from damage or loss of the vehicles in their inventory, as well as protection in case of risks such as theft, fire, flood, and accidental damage.
- Employer’s & Public Liability insurance: Every motor trade business, even if home-based, should get liability cover. This protects your business in the event of injury or property damage claims from members of the public and employees.
- Breakdown insurance: In the event of an accident, we will get you back on the road with breakdown insurance coverage. There are numerous cover options to suit your needs, including roadside assistance and recovery.
- Excess protection insurance: Cover the cost of your excess in case of a fault claim.
- Motor legal insurance: In the event of a non-fault accident, our legal insurance will cover legal fees, subject to terms and conditions.
- Accompanied demonstration cover: This cover is essential for a car sales business as it keeps you covered when prospective customers test-drive vehicles before they buy.
- Goods in Transit: This type of policy isn’t just for courier insurance policyholders who make deliveries. If your business involves transporting cars and recovering vehicles, you’ll need goods in transit to cover them between your pick-up and drop-off zones.
Frequently Asked Questions
Here are some of the most common queries we get asked about motor trade insurance.
Can’t find what you’re looking for? Reach out to us by calling 0800 0815 029 to chat with our dedicated team of motor trade experts.
More FAQs
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