Can I drive any car with motor trade insurance?
If a potential buyer takes a car for a test drive, they need to be insured in case an accident happens. Your motor trade insurance policy can cover this. Drive all types of car covered by your policy. Instead of being restricted to driving a particular make and model, you can drive all cars permitted under your policy.
What does a motor traders policy cover?
Motor trade insurance simply covers any activities undertaken by people and businesses working in the trade. These activities could include service and repair work, vehicle sales, restoration, or transportation. Any activity involving making a profit in the motor trade requires traders’ insurance.
Can a 20 year old get motor trade insurance?
There are different age brackets where insurance for young motor traders generally becomes available: If you’re 21 or younger, motor trade insurance is not generally available. If you’re 21-23 years old, you can sometimes be accepted for motor trade insurance if you work in servicing or repairing vehicles.
Does motor trade insurance cover test drives?
With Covid 19 restrictions still in place, car dealerships are having to offer unaccompanied test drives. Many motor trade insurance policies do not offer unaccompanied test drive insurance cover as standard.
Can you drive an uninsured car on trade insurance?
To summarise, yes you can drive an uninsured vehicle that was uninsured prior to you driving the vehicle, which is now insured because your motor trade insurance policy details that it is. And that you have notified the insurer of the addition, and or updated the MID.
Do traders have to tax cars?
A. No, dealers will have to register in their own name and tax the vehicle. Dealers have always been required to register vehicles in their name if they wish to use them for staff or personal reasons.
Do traders pay road tax?
A. No, dealers will have to register in their own name and tax the vehicle. If used for a valid ‘trade plate’ reason, then the current trade plate rules apply and the vehicle does not need to have tax.
Why do I need motor trade insurance?
Motor trade insurance covers businesses to work on and drive their customers’ vehicle and vehicles the company owns. Even if you don’t have to drive your customers’ cars, you will still need some form of motor trade insurance cover to protect you against accidental damage or other risks that arise from your work.
Can anyone get traders insurance?
To be eligible for a motor trader policy, you must provide proof that you operate within the motor trade industry. So, if you run a business that is related to either cars, vans or motorbikes and involves servicing or even selling vehicles, you would qualify for a motor trader policy.
Can a 17 year old get traders insurance?
That means a driver who passes their test at the age of 17 could be insured on a motor trade insurance policy at the age of 18. But Will This Bump up Your Insurance Costs? Insurance for younger drivers often costs more because younger drivers are statistically more likely to have an accident than older drivers.
Does trade insurance cover uninsured cars?
To summarise, yes you can drive an uninsured vehicle that was uninsured prior to you driving the vehicle, which is now insured because your motor trade insurance policy details that it is.
Can you test drive a car without MoT on trade plates?
You shouldn’t test drive a car with no MoT because it’s on trade plates, the only reasons this vehicle can be driven are to/from an MoT or to test the condition of the car when it’s undergoing repair work. If caught by the police, you could get into trouble for driving it when you know it doesn’t have an MoT.
What is motor trade insurance and how does it work?
Motor trade insurance is a policy that’s taken out by someone who runs a business involving vehicles. This can range from cars to trucks and can provide cover for businesses that deal with customer’s vehicles as well as their own.
What are the best motor insurance companies for motor trade?
1. Aviva 2. ACE 3. Allianz 4. QBE 5. Covea 6. NIG 7. Acorn Insurance 8. DNA Insurance 1. Aviva Some of the features and benefits of Aviva’s motor trade insurance. Aviva is an insurance provider that offers a wide range of business insurance products which includes a variety of motor insurance products such as motor trade insurance.
How do I find the right motor trade insurance for me?
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.
Why choose Tradex for motor trade insurance?
At Tradex we have many years of experience in dealing with motor traders and finding policies that match their exact requirements. Importantly, to qualify for a motor trade insurance policy, you must be able to prove that you are running a genuine business that generates an income.