As a motor trader you will know how vital it is to get affordable cover, as this can be one of your biggest outgoing expenditures. Motor insurance companies access risk in very different ways, meaning that premiums for motor trade insurance can be extremely variable. As a consequence of this, shopping around to get the best deal is often the best method of getting the cheapest quote. At your renewal time it is important that you get the best possible cover to protect your company for the forthcoming year of business.
Although cheap cover is important, motor traders are urged to approach insurance with caution. Make sure you opt for a provider that positions you with both the right level of cover and the right price. Despite the condition of the economic climate, risking no insurance cover could effectively bankrupt your business in the event of a claim. A motor trade policy can give you the safety net you need for your business.
Internet websites will often offer to send you multiple quotes – This way you can receive numerous quotes and contrast premiums for various levels of cover. The issue with many internet sites is that quotes often miss out some necessary aspects of your cover. Often these can be important features such as public liability or tools cover and therefore you wouldn’t be covered in the event of a claim. Before taking out a policy make sure you contact the broker you have chosen to make any specific amendments to the policy. Things you should look out for when assessing your quotes are road risks, demonstration cover, personal vehicles and any extra covers you require. Additional features can increase your premium so it is important that you only purchase cover you require to save those extra pounds.
A reliable way of finding the correct insurance company for you is talking to other motor trade businesses. Getting feedback from others with more experience than you, or those in a similar position, can often point you in the direction of a reliable broker. Some motor traders will have had to make a claim before and know if certain insurers are good or not. Alternatively, you can often find online forums which feature posted comments about companies by their customers. These often follow a five star rating system and any relative comments which highlight the good and bad points about a company.
Remember cheaper isn’t always better. Finding the right spot between a competitively priced premium and a reliable policy will generally be the best option for your motor trade insurance.