10 tips for Cheap Motor Trade Insurance

1. Shop Around
Motor Trade Insurance is a very competitive industry, this works in your favour so make sure you shop around in the market. Apply online for motor trade quotes from different insurers, when comparing quotes look at the level of cover being offered on your Motor Trade Policy.

2. Compare the Motor Trade market online
If you haven't got time to compare all of the different sites, visit a site that will compare motor trade insurance quotes for you. iQuote Motor Trade Insurance, will check the best rates in the market to save you time and money!

3. Motor Trade specialists
For cheap Motor Trade Insurance and the best possible cover for your business, it pays to visit a specialist insurer. By choosing an insurer with specialist knowledge you get the right motor trade cover at the right price.

4. Additional Cover
For Motor Traders having the right insurance cover can save you thousands of pounds over time. A Motor Trade Policy that includes indemnity insurance or cover for your motor trade premises, could be the difference between your business surviving or failing if the worst happens.

5. No Claims Bonus
Even if your bonus has not been earned on a Motor Trade Insurance policy, you could still use it to save money on your current traders policy. Many insurers including iQuote Insurance will mirror your no claims bonus from a private car policy to a Motor Traders policy.

6. Apply online as a new customer
There is every possibility that if you apply with your current insurer as a new customer, that they will provide you with a cheaper quote. If you don't receive a discount for applying online, the only cost to you - is the time spent completing the online form.

7. Voluntary Excess
You might want to look at voluntary excess. This is the amount you pay before the insurance company picks up the rest. This can be small but if you opt for a higher voluntary excess this would seriously lower the cost of a traders insurance policy.

8. Vehicles Cover
Never assume that high performance vehicles or Motor Bikes will automatically be included on a Motor Trade Insurance policy. Always check with the insurer first, this could avoid a costly assumption if you are not covered on the vehicle.

9. Make one single payment for your Motor Trade Policy
It is very convenient to pay for a Motor Trade policy in monthly installments, however this will cost more in the long run. If you can afford to do so, always pay for your Motor Trade Insurance in one payment when you take out the policy.

10. Don't hide details from your insurer
The more information you provide your Motor Trade Insurance Broker, the better tailored the policy can be to your needs. If you hide details to get a lower rate, it will invalidate your insurance cover and may cost vast sums of money if cover is not valid at the point of claim.