GoCompare has teamed up with Quote Me Today. Do you sell, repair or valet vehicles? Whether you work from home or a car showroom, you may need Road Risk Insurance. This specialised policy covers you to drive any vehicles you don’t own but have responsibility for. Quote Me Today is one of the UK’s leading Motor Trade insurance specialists, whether you require a combined policy to cover stock, tools and premises or bespoke insurance for peace of mind. Offering cost-effective, simple to manage, and flexible policies, Quote Me Today provide just the cover you need leaving you free to focus on business.
GoCompare has teamed up with Swinton Business to help you find the right motor trade insurance for you. Simply complete your details and one of their business specialists (who are available six days a week) will be in touch to understand your requirements. They'll then search their panel of trusted insurers to find a policy that suits your needs. Whether you require road risk, mechanics, vehicle sales, recovery and breakdown, valeters or additional cover such as public liability and legal protection, Swinton has been insuring the nation for over 60 years so is well placed to help find the right policy for you.
Motor trade insurance covers a wide range of car-related businesses. Valet parking companies, car dealers or breakdown recovery firms, for example.
It’ll insure your company and staff for use of vehicles in the day-to-day running of the business.
It’s motor-specific business insurance that you’ll need if your company has customers’ vehicles in its care, custody or control.
You'll also need motor trade insurance if your business involves selling vehicles. It’ll cover you while demonstrating, collecting and delivering cars.
Typical examples include:
The phrase ‘care, custody and control’ refers to the time when a customer has left their vehicle with your business, meaning that the vehicle is no longer protected by the owner’s private car insurance.
During that time, you’ll rely on your motor trade insurance to protect your business and your customer’s car.
Motor trade policies are usually flexible – they could potentially cover all your employees, and all the vehicles they have to use in the course of their work.
Some extras might be included in your motor trade insurance as standard. You might have to pay an additional fee for others, or some areas of cover might not be available with your insurer at all.
What you want and need depends on you and your business, but try not to pay for extras that you don’t need or that you already have cover for on other insurance policies.
Some of the typical extras you might find on a policy include:
Having road risks cover on your trade insurance means you’ll be able to drive your own vehicles, plus those that aren’t yours, for the purpose of carrying out your job.
You can choose from third party only (TPO), third party, fire and theft (TPFT), or comprehensive cover.
TPO is the minimum level insurance you legally need to drive on public roads in the UK. It covers damage to third-party property, liability for injury to others (including passengers) and liability while towing a caravan or trailer.
TPFT covers all these elements plus fire damage, theft and any damage caused to your vehicle by theft.
A comprehensive policy offers all the cover listed under TPFT, as well as loss or damage to the vehicle you’re driving if an incident is your fault.
It might also include cover for windscreens, personal effects and medical expenses.
One of the best ways to save money on your motor trade insurance is to shop around every year instead of letting your policy auto-renew.
Here are some more cost-cutting tips:
We do not offer a full comparison service on motor trade insurance at Gocompare.com but instead have provided links to some companies that offer motor trade insurance quotes. These companies are not listed in an order that indicates that one is better than another but are instead ordered in line with our commercial arrangement with each one. Please remember, as different companies offer different policies, it is up to you to choose the one that best suits your needs.
Gocompare.com introduces customers to Quote Me Today and Swinton Insurance. All providers are authorised and regulated by the Financial Conduct Authority. Gocompare.com's relationship with Quote Me Today and Swinton Insurance is limited to that of a business partnership, no common ownership or control rights exist between us.