Don't act like Joe Public when it comes to your Motor Trade Insurance Policy


The police seized over 150,000 uninsured vehicles in 2007 - that is one vehicle every three minutes - and 40 per cent of these were crushed. According to figures from the Motor Insurance Bureau, the UK has one of Western Europe's worst records for uninsured driving, with one in 20 motorists driving uninsured cars. This costs drivers around £500 million a year - or around £30 on every motor insurance policy.

Getting caught without Motor Trade Insurance Policy

Improved co-operation between law enforcement and the insurance industry is improving detection of uninsured drivers. An ABI spokesperson comments "We are working very closely with the police to enable them to use the motor insurance database [a database available to the police and public online which can immediately identify whether a car is insured by inputting its number plate] so that drivers know that there is a much better chance drivers will get caught."

The cost of getting caught is even higher for professional motor traders, bigger fines and bad publicity in the local press can ruin otherwise well regarded businesses, all for the lack of a Motor Trade Insurance Policy.

Apathy - Costs businesses more for Motor Trade Insurance Policy

The current economic climate means getting the best deal on business overheads is even more important. Industry figures reveal just how much money Motor Traders could be throwing down the drain by not shopping around for cover. Even loyal motor trade customers who stay with their existing motor insurers could be paying double the best quote available in the market. Motor trade insiders commented 'This is a disappointing trend from many insurers,' who rely on motor trader's apathy to increase profits. UK drivers are currently estimated to be spending £1.9 billion over the odds on the insurance for their cars, a figure that should act as a warning to any motor trader too busy to shop around for insurance.

Why are premiums so variable for my Motor Trade Insurance Policy?

Not all motor insurance companies access risk in the same way - one company may see your location as a higher risk than others. One may charge more because of your claims history. Shopping around online makes it even easier to find the best premium for your budget, you can quickly see the effect of, for example, increasing your voluntary excess or reducing your level of cover from comprehensive to third party only cover If you are looking for a Motor Trade Insurance Policy talk to Peacock Insurance

To find out about Motor Trade Insurance from Peacock Insurance, just call 0845 388 70 15 or visit our quotes page (see below) where you can complete your details online and we'll obtain quotes from a panel of specialist insurers. Our Online quotes are coming soon.

To start a quote click Motor Trade Insurance or click Motor Trade Insurance Articles to find out more.




Authorised and Regulated by the Financial Services Authority.
Firm reference Number: 449832
 © Copyright 2010 Peacock Insurance Services