How To Get Cheaper Motor Trade Insurance

As with most types of insurance there are some proactive steps you can take to help lower the costs and while cheap may seem like a good option it does not necessarily give you sufficient cover.

Never assume that all types of vehicles, such as motor bikes or high performance cars are included on the policy. You need to make it very clear to insurance companies that you need a policy which covers all types of vehicles.

You could save money by applying online for motor trade insurance as a new customer. It is also worth considering using this method with your existing insurance company as many will offer discounts if they think they could lose your valued custom.

Consider offering to increase the amount of voluntary excess on your policy. This means that you will have to pay more if you have to make a claim before the insurance company pick up the rest, but if you rarely make a claim it is worth considering or discussing with insurance companies.

No claims discounts continue to give the largest savings. Some insurance companies will allow you to transfer no claims discounts earned on a private car policy to a motor trade policy.

Although paying one instalment for your policy may seem expensive, paying by monthly instalments will cost you more in the long run, so it is worth giving consideration to just one payment when you purchase the policy.

Having premises, equipment, public and employers liability cover all provided by the same motor trade insurance company can also help you save money as well as additional savings in your own administration costs.