FAQs

First, nail down your business focus – sales, repairs, or something else, and whether it's full or part-time, from home or a premises. Then, tackle the essentials: register your business, secure vital Motor Trade Insurance (a must!). A solid business plan covering sourcing, pricing, and vehicle prep is key, followed by a strategy to market your offerings. Don't forget to manage your finances diligently and stay informed about industry changes. In short, it takes a clear vision, the right legal backing, a practical plan, and ongoing attention to succeed.

A motor trader is an individual or business  involved in the buying, selling, repairing, servicing, or transportation of motor vehicles as a profession.

Motor Trade Insurance is specially designed for individuals and businesses involved in the motor trade industry.

We are constantly offering the best prices available – we check the market so you don’t have to – and we will always try to find you the lowest price possible.

Yes! You can absolutely be a motor trader from home.

While having a CCJ doesn't necessarily mean you can't get motor trade insurance, it will likely make the process more challenging and potentially more expensive. Transparency is key to finding suitable coverage.

If your criminal offence is related to driving then it may affect your insurance but it very much depends on a variety of things – such as how long ago it was and what the criminal offence was.

There is no real ‘average cost’ as motor trade insurance can vary drastically from person to person depending on a large variety of things. However, our friendly team would be more than happy to help you get a quote as soon as possible so you know how much it would cost you.

Yes, your Motor Trade Policy will cover use of vehicles in connection with your business and also for social use. – However, if you are adding multiple drivers, they may be charged for social use. The policy holder can decide this.

Your employee’s personal car would not be covered in your motor trade policy. Vehicles that you are using in connection to your business and any customer vehicles are covered so long as they are put onto the MID.

There is no one factor that impacts motor trade policies the most – it can be very varied. However, some things that may be affecting your price – Age (most premiums will be much higher if the driver is under 25) – Time driving (price may be highly affected if you have been driving for under 3 years) Previous convictions and claims (This doesn’t always make a difference, but it can).

No, you need to disclose all vehicles on the MID

This is evidence of your business. For instance, if you are selling cars then your evidence of trading would more than likely be receipts from sales – whereas if you were a mechanic then it may be proof of purchase of tools and invoices for customers.

If you are wanting to get motor trade insurance then you must be prepared to show evidence of trading, and up to date licenses.

Yes, it is a legal requirement to have motor trade insurance for trade plates

Each situation is different, but the short answer is no. You are limited to where you are covered but it depends on the insurer and your situation.

Each insurer has a different system that they use but you should be able to find information on how to update the MID on the email that they sent you with your login details.

All vehicles that are financially owned by the policy holder must be put onto the MID as soon as possible.