Vehicle Sales Insurance

Motor Trade Insurance is a specialised type of commercial motor cover designed for anyone running a motor trade business with the need to cover multiple vehicles.

Trade plates are number plates used on vehicles for business activities within the motor trade, including selling, repairing, or testing.

If you display trade licence plates on any vehicle, you, your employees and customers can drive the car for specific purposes without needing to pay for registration and tax.

You can apply for a trade licence plate if your business:

• Sells vehicles
• Repairs or manufactures vehicles
• Tests other people’s vehicles on public roads

You may also be eligible if you collect or deliver vehicles, provided that this is the sole activity of your business, or if you also manufacture or repair vehicles in addition to collecting and delivering them.

Every vehicle sales business is different, and therefore the price of policies can vary depending on what cover you need.

The cost of your premium will depend on a variety of factors, such as:

• The size of your business premises/showroom if you have one
• The value of the vehicles you sell
• The age and experience of your employees if you have any
• Your driving history and claims experience

Depending on who you’re insured with, you can take these steps to reduce costs of premiums:

• Increase your voluntary excess
• Build up your no claims bonus
• Only pay for the cover you need
• Ensure your vehicles and premises are kept secure
• Hire employees with good driving history and claims experience