Everyone wants to have cheap part-time trader’s insurance, but it is important that you are not missing out on the coverage 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 motor trade 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 coverage. 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.