Top Tips for Traders with iQuote Insurance

When looking for a Motor Trade insurance policy, our essential guide for consumers is a must read to save money and be confident that you are choosing the right level of cover.

2010-11-04

KENT, ENGLAND, November 04, 2010 (Press-News.org) When you purchase a Traders Insurance policy, we are committed to providing you with the most competitive deal on your Traders policy. Because you are covering your livelihood and vehicle stock, you shouldn't purchase insurance cover purely on price. You should also consider the level of cover required and whether you require additional benefits such as premises or indemnity cover.

We have listed some handy tips designed to save you money on Motor Trade insurance:

- Make sure that any additional drivers you add to your Traders policy are over 25 years of age. Any drivers younger on the policy will result in a significant increase of your insurance premium.
- If you haven't got any No Claims Bonus in the Motor Trade, ask your insurance broker if you can 'mirror' your No Claims from a private car policy. This means you could still get generous discounts even though your No Claims has not been earned in the Trade.
- If you have the available funds, pay for your insurance in one payment at the inception of the policy. Although most brokers can finance your policy, you will pay more for your insurance in interest charges.
- Many policies will not cover high performance vehicles, within your Motor Trader insurance. If you need cover for a Subaru Impreza, Mitsubishi EVO or other high performance vehicles, you must notify your insurance broker or insurer. Otherwise you may unwittingly end up without cover in the event of a claim.
- Consider the amount of additional cover you require, by limiting the amount of premises cover or increasing the voluntary excess you are willing to pay, you can make large savings on the cost of your Motor Trade policy.

For Valeters, Mechanics and Car Dealers - Get a Motor Trade Insurance Quote and we will save you money off your renewal premium.

To find out more about our Motor Traders Insurance and choosing the right cover for your business - Get a Motor Trade Quote with iQuote Insurance.

Website: http://www.iquotemotortradeinsurance.co.uk

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