Motor Trade Insurance

Insurance for motor traders works similarly to standard vehicle insurance but is tailored for the automobile sales industry. It covers businesses against potential claims that might arise from accidents, theft or damage to vehicles they own or handle.

Your cost will depend on several factors, including the size and value of your business and the type of policy you wish to apply for. More comprehensive policies and larger businesses will be more expensive. Other considerations to make about the cost will be any policy add-ons you choose and whether you have any previous insurance claims. Prime Cover is more than able to assess your needs and break down the exact costs for your coverage. Get in touch with us today and we can build you a free, no-obligation quote.

With Prime Cover, you can save on your premiums by ensuring that all drivers on the policy have a good driving history, increasing your voluntary excess and using your no-claims discounts. As we have an inside track to some of the best deals, you can be sure of the most competitive prices on the market.

Yes, in the UK, if you're operating a business within the vehicle trade industry and are handling or driving vehicles on the road as a part of your business, you're legally required to have at least third-party only (TPO) insurance.

At Prime Cover, our policies typically cover the policyholder and any named drivers, like their spouse, or those who are employed within the business. This includes full-time and part-time staff who might need to drive a vehicle as part of their job. We can tailor policies to suit your needs if fewer or more people need to be covered.

For a policy with Prime Cover, we typically require confirmation of your driving licence, including summary and proof of any no-claims bonus or claim-free driving you’re advised of. Supporting documentation such as proof of home or trade address and proof of involvement within the trade is also required. Details of the vehicles and drivers you wish to include on the policy will also be necessary.

With our policies, you’re typically covered to drive most vehicles related to your business operations. However, some niche vehicle types, such as high-performance, high-value, modified and imported or vehicles over 3.5T GVW might require specific mentions or separate endorsements. Discuss your needs with a member of our team.

This depends on your business operations. At Prime Cover, we offer advice to help you decide on the best, bespoke level of coverage based on your specific needs.

Road risk covers vehicles, when they are on the road, from accident or injury to the driver, passengers and members of the public, depending on the level of coverage. Traders’ combined insurance provides a more comprehensive cover, including road risks plus other aspects such as tools, premises, equipment and liability coverages.

While most vehicles can be covered, there might be limitations or higher premiums for luxury, imported or high-performance cars. If you have questions about a specific vehicle, reach out to a member of our team to discuss whether you can get cover for it.

Yes, Prime Cover offers tailored policies for part-time traders ensuring you're covered without paying for more than you need. Call a member of our team to discuss your business’s requirements.

To keep costs down:

• Ensure all employees driving have a clean driving record
• Prioritise drivers with more experience
• Invest in security for your premises and vehicles
• Reduce the number of vehicles on the policy if possible
• Opt for a higher voluntary excess or limited coverage where appropriate

Each case is reviewed individually. While convictions can raise premiums or affect eligibility, we will assess the relevance and severity of convictions for every case when deciding on coverage.

If you need to make a claim, contact our dedicated claims team immediately via our 24/7 claims line. They will guide you through the process, ensuring it's as smooth and efficient as possible.