Part-Time Motor Trade Insurance

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Part-Time Motor Trade Insurance

What is Part-Time Motor Trade Insurance?

Part-time motor trade insurance is a unique insurance policy that is designed to help individuals who are working within the car trade on a part-time basis. So no matter whether it is a weekend hobby to earn some extra cash, or you are a self-employed car dealer, these policies are specifically designed for those who typically work in the industry on their weekends and evenings.

Unlike large corporate policies, which are designed to protect multiple employees at the same time, these insurance products focus on individuals. Here at Total Insurance, we work with the UK’s leading part-time motor trade brokers, ensuring our customers can always find the most competitive policies for their needs.

Compare Part-Time Motor Trade Insurance Quotes

We know how difficult comparing policies can be. That’s why our trained team are here to help you find dedicated brokers who want to quote you.

Our service is free and impartial with no obligation to buy.

Part-Time Motor Trade Insurance

What our Comparison Expert Says

‘Having a ‘side hustle’ such as buying and selling or repairing vehicle during your spare time can be really rewarding. It is though important to ensure you are insured. Our team can help you compare part-time motor trade policies, quickly and easily!’.

- Michael Tribe

How our process works

We’ve worked hard to refine our process and keep it as quick, easy and simple as possible for our customers.

Complete Our Quick Quote Form

Provide us with a small amount of information on our quick and easy form. If you don’t want to fill out our form, simply give us a call instead and 1 of our agents will do it for you!

Specialist Brokers Are Compared

We look at your individual needs and find you brokers who can save you the most and offer you the best value for money.

You Receive Part-Time Motor Trade Insurance Quotes

You’ll receive multiple quotes tailored specifically to your own insurance needs.

You Save Money

Once you have all the quotes you’d like, you pick the right policy for you at the best price.

What Does Part-Time Motor Trade Insurance Cover?

When you start to compare part-time trader’s insurance, you will notice that there are very different levels of coverage on offer. Finding the right level for you will depend on your requirements and how busy you are. However, typically, this kind of policy will cover you for.

Driving On The Road

If you are going to be driving any vehicles that do not belong to you, such as customer vehicles, even if it is only a few metres, then you need to be covered.

Demonstration Cover

If your motor trade business centres around buy and selling cars, then you will want demonstration cover so that a prospective buyer can test drive the vehicles.

Demonstration cover with cover the cost of repairing the vehicle in the event it is damaged whilst out on test drive.

Vehicle Storage

A typical part-time motor trader insurance policy will also cover any vehicles that are being stored either at your business premises or your home.

Whether you buy and sell or work on vehicles on a part-time basis, there is a good chance you will need to store vehicles.

Employer's Liability

If you are self-employed, then this might not be a necessary part of your policy. However, if you are looking to employ anyone, even if it is on a casual basis, then employer’s liability cover will help to cover you against any liability claims and costs should they become ill or injured while working for you.

Public Liability

This is another essential requirement and will protect you against any claims that arise should a member of the public become injured due to your business or while on your property.

Personal Vehicle Cover

If you are planning on using any business vehicles for your own personal use, then this cover will keep you protected. This will typically come with an additional cost but will ensure that you do not need to worry about a separate policy solely dedicated to ‘social, pleasure and domestic’ use.

What Additional Cover Is Available For Part-Time Traders?

While those five areas are the most commonly included on a part-time trader insurance policy, it is possible to add a range of additional cover to ensure you are fully protected. Some of the most popular additions include.

Goods In Transit

If you are a mobile mechanic for instance where you are required to travel from location to location. Goods in transit cover can be a worth while addition to protect your tools and any stock you may be carrying.

Premises & Storage Cover

Do you have an additional office or business premises? This extra will protect you against insured events such as theft, fire and vandalism.

Vehicle Refurb & Restoration

If your business involves restoring classic vehicles, then this add-on will be able to protect you against accidental damage, fire and theft. However, the level provided can vary significantly between providers, so make sure you read the small print carefully.

Who Needs Part-Time Trader’s Insurance?

If you work a normal 9-5 job but like to buy and sell or service vehicles during your evenings and weekends to earn some extra cash, then you need part-time traders policy. In order to be eligible, you will need to be able to show brokers that you are doing this in a professional capacity by showing receipts for vehicle purchases or buying parts.

Most professionals will also need to demonstrate that they are repairing or selling a minimum number of vehicles a month. However, this number will be considerably lower than for normal full-time traders or mechanics.

If you are not operating for profit, then it is likely that you will not need to consider part-time trader’s insurance and a private car insurance policy will cover you. If you are unsure of what cover you need, then you should speak with an insurance broker today.

How Much Cover Do I Need?

When comparing part-time policies, one area that can differ greatly is the type of cover or the level of cover you need. This will depend on your personal circumstances and the size of your operation, which means that there is no one-size-fits-all approach, and you will need to tailor your policy around you.

While most of the policy can be tailored to your requirements, there are some minimum cover levels that you will need to have in place. For example, if you are seeking employer’s liability cover, you will need a minimum of £5,000,000, while for any driving cover, you will need at least third party.

Regardless of the scale to your work in the motor trade industry, our team will be able to help you tailor your quote to ensure that you are fully protected.

How To Save Money On Your Part-time Traders Insurance

Everyone wants to have cheap part-time trader’s insurance, but it is important that you are not missing out on the cover you need in order to save money. We always strive to deliver the most affordable and comprehensive quotes possible for our customers, helping you to save valuable time and money.

If you are looking to reduce your premium, there are certain aspects that can help to lower your costs. As with any insurance policy, building up a No Claims Discount is one of the most effective methods of lowering your premium and demonstrating you are a lower risk to insurance brokers.

The location you are operating in can also impact your premium. Urban areas or regions known for high crime rates often have higher costs, so, if possible, try relocating your business premises to a securer property or even a better location. One of our experienced agents will be able to help you with more information on the best areas to look for.

Another top tip for cheap part-time traders insurance is to pay the premium in full upfront. Of course, this is not always possible for everyone, and monthly payment plans are the only way that they can pay the cover. However, this option does come at a higher price which means you will end up paying more over the course of 12 months.

Equally, opting for a higher voluntary excess can also reduce your premiums. This means you will be responsible for paying more initial costs in the event of a claim, but if you can afford it, then this can be an effective way to lower the cost of your part-time trader’s insurance policy.

Frequently Asked Questions

Your part-time traders policy can be tailored to cover multiple aspects. It is completely tailorable like a normal policy but will be designed around less trading.

For those buying and selling vehicles say on a weekend or just in the evening, this policy is ideal. I you don’t sell vehicles and you just work part-time repairing them, then again, this policy is ideal as it can be tailored directly to your needs.

If you employ people, it can include employer’s liability insurance.

If you are looking to insurance a premises away from home, then a combined traders insurance policy could be me appropriate for you.

You can but it would probably be quite expensive. If you were wanting to insure a premises that would only be used occasionally, we would strongly recommend making sure you have thorough security measures in place.

Yes you can! It is by far the most common type of motor trade policy taken out. A road risk insurance policy will cover the vehicles in you possession as well as any liability you wish to add on. It won’t cover any premises though. Most part-time traders work from home and therefore the premises cover is under the house insurance.

Your ability to get a cheap part-time traders insurance depends on a number of factors. If you have worked hard to build up a no claims discount, that will help you. Also, if you trade from a good area, that will also help reduce the cost of your policy.

Trading from a highly secure premises will also help this. It is always best to speak to one of our advisors if you are unsure.

Yes, you will need to prove a level or trade activity to you insurer. Depending on insurer, on a part-time policy it is likely you will have to show proof of buying and selling at least 6 cars for the year. If you are in vehicle repairs, you will need to show multiple receipts or invoices for work you carry out.

Repairing or selling 2 cars a year does not qualify as a business and you will not be able to obtain a policy.

Yes, part-time cover can be as thorough as full time motor trade insurance policy. It is also likely to be cheaper given your risk profile. The reason the full time cover will cost more at this stage is due to your increased level of trade activity. The greater the level or trade activity, the higher the chance of an accident happening that results in a claim.

If you are a self-employed individual with another primary business. It may be possible to gain an extension on the primary businesses insurance policy. You would need to speak to you insurer to discuss your options in this area.

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