Shop Around to Find Cheap Motor Trade Insurance

At this time of year when everyone is trying to cut costs where they can, shopping around for cheap motor trade insurance is the best plan if your cover is up for renewal. 

Many businesses make the mistake of just renewing their current cover without taking the time to find if they can get the same or better cover for a lower price elsewhere.

You can start by doing an online search in the comfort of your own home in the evening and you will be surprised at the amount of companies offering you fantastic policy offers.

Find three companies that really stand out from the rest, this may be that you know the company name, someone has mentioned them to you previously or they look reputable. Request a quote from each and ensure that you complete the information correctly, including the type of cover you want from road risks to building cover.

Once you have three quotes in your hand you can start comparing them, you may find that cheaper isn’t always better, some companies don’t automatically include public liability and if they do the cover they offer definitely isn’t adequate for you line of business.

Contact the companies and see how flexible they are, you normally find the majority of brokers are willing to tailor the policy to suit your specific business needs whether it’s how many drivers you want to add or whether you want to include your own personal vehicles in an attempt to lower your overall costs.

Also find out if your premium is reduced if you have a clean driving license and a no claims bonus on your current policy, many companies will take this into consideration and you may be surprised at the welcome results this offers.

After you have tailored your quotes you can spend some time reviewing them before making any decisions. Don’t just put pen to paper on the cheapest quote, this doesn’t always work out in your favour.

Ask around at other companies nearby and ones you know well find out who they use, chances are these companies are using reputable brokers who will handle claims in a timely manner, making it easier for you should you need to claim.

You need to ensure the company you are choosing are reliable and have a good claims process which is fast and effective. Take everything into account when shopping for cheap motor trade insurance and then choose the quote that best meets the demands of your business.