How Much Does Young Motor Traders Insurance Cost?

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  • Cover for road risks
  • Cover for your premises
  • Money cover
  • Tools cover
  • Liability claims
  • Legal expenses
  • Combined policies available
  • Instant cover

How Much Does Young Motor Traders Insurance Cost?

Young motor traders insurance is a type of cover that protects you when you’re working in the motor trade for risks such as accidents, theft, damage etc.

One of the first things that young motor traders want to know when taking out insurance is how it will cost. This is no set answer to this as it will depend on a number of factors. Below are some of the main things that affect the cost of a young motor traders insurance policy –

The type of business you run

The type of business you run is one of the big factors that will affect how much your policy costs. Some businesses are considered higher risk than others due to the type of vehicles they work with, the number of employees there are etc.

Where your business is based

Where your business is based is another thing that impacts cost. If your business is in a high crime area then it will certainly be reflected in the cost of your policy. You can help to negate this somewhat by making sure you take steps to make your premises as secure as possible by using security lights, alarms, CCTV etc.

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How many employees you have

The number of employees you have will affect how much you pay for motor trade insurance too. Your employees are the ones who will be working on customer vehicles so it’s always important to make sure you hire good people if you want to save money. From an insurance standpoint, good employees are those who are over 30 and have a clean driving and criminal record.

Your driving and criminal background

If you have any driving or criminal convictions that are unspent i.e. you need to declare them, then this will be reflected in the cost of your policy.

Did you know…?

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The level of cover you require

The level of cover you require is another factor that will affect how much you pay for cover. Road risks is always a must but then you need to decide whether you want to get protection for things like your premises, tools, cash etc.

Get young motor traders insurance quotes now

Getting young motor traders insurance quotes is incredibly easy. Just click the button below and you can have your quotes in minutes.