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.

Advances in Automatic Number Plate Recognition Cameras

Almost everyone is aware of Automatic Number Plate Recognition, but are you aware that the police are using advances in ANPR and have cameras sitting neatly in the back windows of their patrol cars?

These are used to not only check number plates to see whether cars are stolen, they can also check if the car has valid tax.

The data collected by the cameras is then sent back to data bases where it is stored for 5 years. There are hundreds of ANPR cameras on roads throughout the UK and each time you pass one all of the data relating to your van is captured.

Running without tax also means you won’t have valid insurance or MOT if applicable. Driving a vehicle without tax, appropriate and valid van insurance is an offence.

Okay, many people will think that it is all getting too much. Automatic Number Plate Recognition cameras on roads, CCTV cameras on the vast majority of street corners in towns and cities. Everywhere you go there are cameras watching and recording what you do and where you’re going. Many believe that these cameras are an invasion of personal privacy.

However, those who are running legitimately with valid insurance have a point that they are in affect paying for those who chose to flout the law! Insurance companies are having little choice but increase insurance premiums to cover the costs of the millions of uninsured drivers who use the UK roads on a daily basis because they ‘think’ they are above the law.

Merry Christmas!

As i will be away over the festive period, i wish you all a merry Christmas!

Merry Christmas