Traders Insurance Under 25
Protect your Traders Business. Compare quotes from multiple brokers.
Under 25 Motor Traders Insurance
Are you an under 25 driver? If so, chances are that you’ve been getting astronomical premium quotes from other providers. Your search for an affordable policy ends here. We can help by providing you with multiple quotes from a select panel of UK brokers. Under 25 is a very specialist market and we have the capacity to provide the best cover for drivers under 21 and under 25.
Over the years young traders protection has been difficult to find. However, this is no more. With a comparative service you can easily find a cover that is right within your budget without having to do the hard work on your own. Simply complete the online form and your insurance requirements will be sent automatically to a panel of over UK underwriters that specialise in provide competitive quotes for under 25 traders insurance.
Just what is young motor trades Insurance?
A motor trade insurance policy is financial protection for those in the business of purchasing and selling of vehicles to the public along with any specialist that deals with a third party’s vehicles like mechanics, valets, salespersons and even wrecker drivers.
The business can be a one man or a full service operation along with all levels in-between. This also includes both part-time motor traders and full-time operations.
The minimal level of cover for this business sector is a road risk motor trade policy that includes third party cover. Also available is a comprehensive cover that provides more financial protection of the business.
If you are tired of the high quotes for under 25 cover, things are bound to change. Our partners are highly rated and provide custom quotes for our customers.
Comparing the market is the first step in finding a policy that ticks all the boxes in regards to your individual requirements.We recommend also comparing prices come renewal time as some brokers may have special offers to attract new customers.
Under 25 Motor Traders Policies Available
Steps to lower underage motor trade insurance
Under 25 traders insurance normally equates to higher premiums
Anyone that works in the motor trade industry, whether it be full or part time can avail themselves of the protection of with Motor Traders insurance. Young drivers are classed as ‘higher risk’ by providers for private car insurance. Typically young motor traders are charged a higher premium for Motor Trader insurance policies, based on that very same risk.
This is due to the fact that statistically speaking young drivers are more likely to be involved in an accident. The greater the chance of an accident, the greater the chance that an insurance company will need to pay out. This results in higher premium costs.
It’s unfortunate, but youth does indeed have its downfalls, one of which is having to pay out slightly more for obtaining Motor Trade insurance. Don’t let this deter you from starting up your own business, in the industry.
You very well may find that initially, restrictions are going to apply to your under 25 Motor Trade insurance policy to such things as to driving vehicles with a limited engine capacity, or maybe having held a UK driving licence for a specified period of time. Most often, these will be reviewed come renewal time.
Even with all of these issues, it’s still possible to find cheap under-25 Motor Trade insurance. Just as is the case with any other type of insurance, it’s important to shop around and learn what is available.
Additional steps to take to lower the costs of of under 25 traders insurance
This age group attracts a higher premium based on data that shows the underwrite that under 25’s pose a higher risk of being involved in an accident and thus making claims. In addition, these claims tend to be big not small claims. However, if you can show that you are responsible young driver, this should help you find a better deal on under 25 traders insurance. Below are a few steps that can help you bring down the costs.
Motor traders insurance age limitations
To qualify for motor trade insurance within the UK upou need to be at least 21 years old and hold a drivers licence ( clean ) for a minimum of one year. Most brokers will ask for proof of profession, but not all.
Get Multiple Online Quotes Today
We put you in touch with the experts within the under 25 motor trader insurance niche market, we have a large and growing panel of reputable UK brokers that will provide you with online quotes. Simply select GET Quote below and complete one easy one online form.