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Part Time Motor Trader Insurance – How To Lower The Cost

As a part time trader, you’ll probably be money conscious, and want to find out how you can go about lowering the price of your Car Garage insurance, ensuring your business pays as little for Business insurance as possible, whilst still achieving the level of cover you need. Of course, there are many ways and things you can do that can help you lower the price of your Part Time Motor Trade insurance, but some could do more damage to your business than good. Below are some tips that can guide you in the right direction if you’re hoping to save money on your Part Time Motor Trade insurance policy for your Car Garage business.

Secure Your Stock of Vehicles

When Car Garage insurance companies look at lowering the price of your insurance, one of the things they will look at is where you keep your stock of vehicles, or the vehicles customers leave in your temporary possession. If you keep vehicles on the roads surrounding your house, this won’t help you and your business get a low price on your Car Garage insurance. In fact, it will most likely damage your efforts as the vehicles themselves are vulnerable to damage. To keep the costs of your Business insurance low, make sure your premises and stock of vehicles are kept as secure as possible.

Think About the Cars You Trade

If your part time car garage business trades in high end or high value vehicles then your Part Time Motor Trade insurance is going to reflect this. Of course, changing your business model isn’t the best way of lowering the price of your Part Time Motor Trade Insurance policy, but if there’s a way you may be able to alter your business model to get a cheaper price it’s always worth discussing what your options are with your prospective insurance broker. If lowering the price of your Car Garage insurance policy is your current aim, you should make them aware of this so they can offer you the best advice.

Use a Specialist Insurance Broker

If the main thing on your mind when it comes to your business is lowering the price of your Car Garage insurance policy then you need to find yourself a specialist Part Time Motor Trade insurance broker. By using their expert knowledge, they’ll make sure that you won’t end up taking out a policy that’s does more damage than good to the finances of your Car Garage business. Not only that, but specialist Motor Trade insurance brokers often have access to low prices for Part Time Motor Trade insurance that can’t be found anywhere else. This means that if you want low prices and the right cover, then you should find a specialist insurance broker than can help you out.

Cancel Your Car Insurance Policy

Once you have taken out a Part Time Motor Trade insurance policy, then you may be able to cancel your current Car insurance, as that will be a great way to help you save money. Under your Car Garage policy, or whatever Part Time Motor Trade insurance policy you take out, you should have cover for your personal vehicle(s). As long as you take out a Comprehensive Part Time Motor Trade policy you should have cover for most forms of damage to your personal vehicle(s), meaning there’s no need for you to have a separate policy to cover them. Insuring your personal vehicle(s) under your Car Garage business policy is a great way of lowering the price of your overall insurance bill (though please check with your broker that you do have the right cover, before cancelling, just in case you don’t for some reason).

Conclusion

Whilst lowering the price of your Part Time Motor Trade insurance can seem like a good business move at the time, it could end up doing irreparable damage to your business in the long term – especially if it’s not done both right and sensibly. Just removing levels of cover or additional products to reduce the overall cost might be a good short-term fix, but you could end up paying more in the long-term if you need to make a claim and find out you don’t have the right cover in place. If you are seriously concerned about how much you are paying for your Car Garage insurance policy then the best thing you can do is to consult the expertise of a specialist Motor Trade insurance broker. Most reputable specialist insurance brokers will be able to help you lower the price of your insurance without risking any damage to your business by not having the right insurance.