What is Motor Traders' Insurance?
Motor trade insurance is the umbrella term for a group of insurance policies that provide cover to people who work in the motor trade. Businesses or individuals involved in the Motor Trade face different risks, which means motor trade insurance policies need to be tailored to meet the specific needs of each.
Motor trade insurance covers businesses to work on and drive their customers’ vehicle and vehicles the company owns. That cover may extend to just the business owner, certain members of the team or everyone who works for the business.
How does Motor Traders' Insurance Work?
Motor trade insurance differs from personal car insurance.
Standard car insurance typically covers one vehicle and one named driver (or drivers). Driving different customer vehicles is common for someone working in the motor trade industry. You may also drive vehicles purchased with the intention of reselling for a profit.
Since vehicles driven are likely to change frequently, private car insurance may not provide adequate coverage. Depending on your requirements, different levels of coverage are available.
The majority of traders begin with road risk insurance, as well as public and employers’ liability. Additional covers can be added to a combined motor trade policy.
Benefits of Choosing Campion for Motor Traders’ Insurance
We have competitive rates for businesses across the Motor Trade Industry including vehicle sales, mechanical repairs and servicing, crash repairs, restoration, tyre fitters, windscreen fitters, and more.
Flexible range of cover
We provide a flexible range of covers tailored to your needs – including full garage policies, road risks, Employers and Public Liability and vehicles located at your garage.
Easy Premium Payment Options
We make payments easy and stress-free with our Easy Premium Payment options.
Motor Traders' Insurance FAQs
Generally, any vehicle owned by the insured, registered in the insured’s name, or stock vehicles for sale can be covered. Customer vehicles in the insured’s care, custody, or control for the purposes of service, repair, or testing are also covered.
Before arranging motor trade insurance, it’s important to determine eligibility for motor trade insurance. To be considered eligible, you must be a genuine motor trader with a financial investment in the motor trade industry. It makes no difference whether you work full-time or part-time if you can actively demonstrate that you work in the motor trade industry.
A Motor Trade Policy will allow you to drive your own and your customers’ vehicles for Social, Domestic, and Pleasure purposes while working. The policy will have limitations and exclusions. High-performance vehicles, speciality type vehicles, large commercial vehicles, modified vehicles, vehicles belonging to family members, and vehicles not registered in the client’s name that are driven for private purposes are typically excluded.
Yes – Motor trade policies are designated for garage owners and garage employees.
A standard Motor Trade Policy is designed to cater to Private cars and Small Commercial vehicles – up to GVW 10 tons. Larger weights are possible for Bus, Specialty Types or Heavy Goods Vehicle motor traders.
Why Choose Campion for Motor Traders' Insurance?
35+ years experience
11 offices throughout the country
Winner of the Deloitte Best Managed Companies for over 10 years
High customer retention rates
We review 15 Insurers and more than 20 products to find the perfect cover
At Campion Insurance, the most important asset to us is our customers. Choosing the right motor traders’ insurance can be a stressful and sensitive process. We want to give you and your business peace of mind, knowing that you’re protected should the unexpected happen.
Our dedicated experts will provide you with the best motor traders’ insurance cover. With a range of policy covers, we are sure to find you the best price to meet your business needs. You can rest assured knowing your business is protected, regardless of life’s uncertainties.
At Campion, we provide a time-saving, stress-reduced process when helping you through the motor trader insurance process. Our personalised approach means you will not only get the best price but also the right policy cover to suit your business needs and circumstances.
Our dedicated team of professionals are on hand to provide you with support and expert information including running through additional benefits, types of cover, financial queries and more.
Our expert team has over 50 years experience delivering the best motor trade insurance plans to our clients. They are ready to help you choose the perfect plan to cover your motor trade road risks. Contact us on 0818 282 828 to discuss your options.