Cheap Motor Trade Insurance For Young Drivers

What is Motor Trade Insurance?

Motor Trade Insurance is a type of insurance that covers those who buy, sell and repair vehicles for a living. It can also be referred to as Motor Trade Road Risk insurance or Motor Trade Combined insurance, and covers a range of risks, including property damage and third-party liability.

Who Needs Motor Trade Insurance?

If you are in the motor trade industry, you are legally required to have motor trade insurance. This applies to anyone involved in the buying, selling and repairing of vehicles, including car dealers, auto mechanics, and MOT testers. If you are a part-time motor trader, you may also need to take out a policy.

Cheap Motor Trade Insurance For Young Drivers

Finding affordable motor trade insurance for young drivers can be a challenge. Many insurers will see younger drivers as a high risk and may charge a higher premium as a result. However, there are some key steps you can take to reduce the cost of your policy.

Shop Around for Quotes

The best way to get a cheap motor trade insurance policy is to shop around for quotes. Look for a specialist motor trade insurer who will be able to give you a competitive quote. Compare different policies to make sure you are getting the right cover for your needs at the best price.

Choose the Right Level of Cover

When it comes to motor trade insurance, you need to ensure you have the right level of cover for your business. Consider the size of your business and what type of vehicles you are dealing with. You may need to take out additional cover such as public liability or employers’ liability insurance, depending on the type of work you are doing.

Improve Your Driving Record

If you have a poor driving record, this could affect the cost of your insurance premium. Try to improve your driving record by avoiding speeding tickets and other driving violations. If you can demonstrate to insurers that you are a safe driver, you may be able to get a better deal on your policy.