Top tips for Traders with iQuote Insurance

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.

To find out more about our Motor Traders Insurance and how much you can save - Get a Motor Trade Quote with iQuote Insurance.

Auto Trader launches iPhone App

The leading site for Car Dealers and Motor Traders to sell vehicles in the UK - Auto Trader, has launched an iPhone App. The expansion of Auto Traders digital offering to the ubiquitous Apple device will expand the reach of Auto Trader across the UK and have a positive impact on Motor Traders who upload their stock.

Since it's release in 2007 the iPhone has become the 'must have' smartphone across all age groups. For Car Dealers the opportunities to harness the mobile platform to display and sell their vehicles directly to customers should not be missed. From a Motor Traders perspective the critical factors in attracting potential customers in this new arena, are common sense: Ensure the vehicle details are comprehensive and accurate and that there are several photos of the vehicle, taken in good light which display the vehicle inside and out. Within the iPhone App potential purchasers are offered a link to call the seller with one touch, or view the dealers website - which presents an excellent opportunity for Motor Traders to make the sale.

Looking for Motor Traders Insurance? We can help you find the right Motor Trade Policy at the right price.

Car Dealers predict price increases in 2010

The Motor Trade is encouraging punters to buy cars before the year is out, to make huge savings on the price of a new car. There is an expected rise for new car prices of six percent, during the first three months of 2010. When this is then combined with the return to 17.5% VAT and a showroom tax, due to take effect in April - The cumulative effect is a substantial price rise on the forecourt next year.

Several manufacturers are launching deals which finish on December 31st 2009, which are being billed as ‘beat the VATman’. Other factors which may make buyers wary of purchasing cars in 2010, include the end of the scrappage scheme in February and the poor exchange rate of the pound against the euro.

All of these factors are an indicator of tough trading conditions to come for manufacturers and motor traders. However there is some good news with the cost of a traders insurance policy falling by up to 40% with iQuote Insurance. Get a Motor Trade insurance quote and find out how much you can save today.

UK to become centre for Electric car production

Nissan and GM are on the verge of committing to build ground breaking electric cars in the UK. The zero emissions vehicles would save existing jobs and could help create additional jobs, if the current trends towards electric vehicles continues.

This is positive news for the Motor Trade in this country, who have seen reduced footfall through their showrooms and slow vehicle sales in 2009.

Nissan are currently assessing their Sunderland factory as a site for manufacture of 50,000 electric cars per year. The companies goal is to become the world leaders in high volume electric car production. Whilst General Motors are considering manufacturing their latest electric cars on Merseyside.

For Car Dealers, whether you sell petrol, diesel, hybrid or electric vehicles - a Motor Trade Insurance policy with iQuote Insurance could save you money.

Car Dealers losing out on servicing income

In the tough economic climate within the Motor Trade industry the revenue that can be generated through vehicle servicing is a larger proportion of overall income. Within a climate of falling sales this income is of increasing importance.

Only about 30% of owners return their vehicle to the dealer where the purchased was made for servicing. Most owners choose their local garage or a franchised dealer for their make of vehicle to carry out servicing and repairs.

For motor traders and dealer to tap into this sector of the market, they must deliver on good workmanship and value for money. However as long as these key factors are delivered within the service - there is the potential to increase earnings from servicing and repair work to help weather the current credit crunch.

For cost conscious car dealers of any size a motor trade insurance policy with iQuote will help to reduce your overheads. Motor trade policies can be provided for road risk insurance or combined cover and you will receive a traders policy tailored to your needs.