For those in the motor trade industry one of the highest overhead costs of doing business will come in the form of insurance. Insurance covering the motor trade can vary in price significantly and in order to get the most discounts possible there are several things you can do. The most important part of finding the best price for insurance is to shop around and get competitive rates from several different companies. Make sure when comparing, though, that you are comparing like coverage.

Just because one policy is cheaper does not necessarily mean you are getting the best value. So, analyse your particular needs then shop around for exactly what you want. When it comes to motor trade insurance, you can reduce your premium costs.

No previous claims may mean significant savings

If Cialis Jelly you have never had a claim and are changing insurance companies you may be able to get significant discounts. This is also true for those who will be insured directly for the first time. Although you may not get as deep a discount, you will still likely get a good one if you can prove your history on previous insurance, even if it was not in your name. For example, a mechanic who worked for a particular company decided to open their own company. In order to do so, motor trade insurance is needed. If it can be proven that there was never a claim filed while covered under the other insurance, a premium price break may be warranted. When comparing prices, if you have no history, ask about a reduction in premium after a certain amount of time claim free. It is not unheard of to get up to 60 percent off premiums.

Add excess and save

The standard excess of insurance for the motor trade is GBP 250. This amount, however, is not compulsory. The lower the excess amount, the higher your premium. In order to save money each month you can increase the amount of excess and save quite a bit.

Reduce your risk

Not making a claim is the best possible way to reduce risk when it comes to insurance for motor trade. However, keep in mind that depending on the type of business you are in you may have to pay more. There are higher risk businesses that exist. If you are involved, for example, in the salvage or breakdown industry or if you deal with vintage or exclusive vehicles your premium will increase because you are deemed a higher risk. However, those in the service areas, including body work, are lower risk and will likely receive a lower premium.

Limit the number of drivers on your policy

Each time you add a driver to your motor trade insurance you will add to your premium amount. Analyse the need for each driver to be sure that driver is actually necessary. If a driver is a mere convenience and the driving can be delayed or reallocated elsewhere, this will be better than having too many people on the policy. The fewer people are listed as drivers, the less the premium will be.

Author Bio: For more information about Motor Trade Insurance and visit the Flint Insurance website.

Category: Finance/Insurance
Keywords: motor trade insurance, road risk insurance, insurance quotes, trade insurance