Motor Trade Insurance

At Road Runner, we can offer motor trade insurance cover for those aged 23 and above. So if you’re looking for traders’ insurance for under 25s, look no further.

We can offer a motor trade policy to:

1. Licenced drivers aged 23 and upwards
2. Those actively operating a motor trade business for profit or income
3. Drivers who haven’t been disqualified from driving nor been convicted of driving without insurance
4. Drivers with no criminal convictions, or spent time in a correctional facility under the Rehabilitation of Offenders Act 1974, or who have any criminal convictions pending
5. You, any partners, directors, employees or drivers who’ve never had a policy cancelled, declined, been refused renewal, nor had any special terms or premium imposed.

Insurance with Road Runner will cover:

• Named drivers only
• Vehicles owned by the Policyholder or the Policyholder’s spouse if they are a named driver. Where the Policyholder is a Limited Company or Limited Liability Partnership, the vehicles must be owned by the Ltd Co or LLP
• Customers’ vehicles while they are your responsibility – but you can only use them for motor trade use

While your Road Risks insurance policy doesn’t define vehicles by a specific registration number, we still need you to tell us what vehicles you own – whether they’re for your own use or held for trade purposes. Don’t worry, as long as you’ve already told us the vehicles you work with, we don’t charge an additional premium per vehicle.

It’s impossible to even give a ballpark figure when it comes to motor trade insurance costs, as every motor trade business and its needs are different.

Our team takes pride in getting to know you and your business, so we can build you a flexible and competitive policy focused on your exact coverage needs. If you’re looking specifically for cheap motor trade insurance at a lower price point, we can advise you on only our most essential cover.

Whether you’re a full-time motor trader or part-time vehicle repairer, our cover is designed to support you – whichever part of the trade you work in.

Road Runner: The original motor trade insurance brokers

Road Runner was one of the first insurance brokers to specialise in independent and commercial motor trade businesses, and we’ve been providing a range of services and solutions for motor traders for almost 30 years.

With Road Runner, you can find and compare motor trade insurance quotes and policies tailored to your business – whether it’s expert Road Risks, Liability, or Premises cover. From roadside rescue to workshop repairs and second-hand sales, our cover is tuned to your specific needs rather than a one-size-fits-all policy.

We’ll help secure the most suitable motor trade insurance policy that meets and never compromises on your business’ requirements. As well as being backed by AXA – an A-rated insurance underwriter, we put our almost 30 years’ experience to good use, delivering a policy and guidance that is tailored to the needs of your business.

You can drive your own personal car if it’s been added to your motor trade policy.

Yes, with Road Runner motor trade insurance, you can still protect any no claims discount or bonus you’ve accrued with us. Just make sure you ask us when you either buy or renew your policy, since it can’t be added during the policy period.

You can pay for your motor trade vehicle insurance policy by splitting it into either six or 10 instalments, or you can choose to pay in full if you’d prefer.

We offer Third Party only, Third Party Fire & Theft, or Comprehensive cover.

Our team can guide you on the absolutely essential covers, and make you aware of the risks you might face with any coverage gaps. Don’t assume Comprehensive cover will cost a lot more – you may be surprised at how much cover you can afford. It’s better to be safe than sorry.

Talk to our specialist team today on 03301 00 87 20 to ensure you secure the best cover and policy for your motor trader business.

You can either request a motor trade insurance online quote, or call 03301 00 87 20 between 9am and 5pm Mon-Fri.

If you’re a broker, log into your portal, and if you’re looking to become a broker, you can apply for an agency here.

Trade vehicle insurance provides personalised cover for those operating in the motor trade. At Road Runner, we aim to build cover based on your business and its needs. We’ll usually build policies combining a mix of Road Risks insurance, liability cover, and premises insurance. There are also various optional add-ons to help reduce risk even further.

No, you can’t drive any car on a motor trade insurance policy. But the good news is that you can drive a wide range of vehicles that fall under your motor trade activities. These can include:

• Vehicles connected to your business – such as work vehicles, customer cars, and stock
• Your own personal car (if added to the motor trade policy)

Yes, you still need motor trade insurance if you work from home.

Home-based motor traders are treated the same as those operating from a commercial premises when it comes to insurance. If you repair, service, or handle customer vehicles in any capacity, you’ll need specialist cover to protect yourself, your customers’ vehicles and your business from financial risk.

Although, some parts of the cover will be legally required and others optional, depending on how you operate. For example, if you drive or move customers’ vehicles, you’ll need road risks insurance by law. If you employ staff, you’ll need employers’ liability insurance. And if customers visit your home, you may need public liability insurance.

Other covers are usually optional, but highly recommended.

Traders’ insurance covers most vehicles, but a Road Runner policy encompasses everything from motorbikes to motorhomes, and commercial vehicles to kit cars, as well as standard cars. Our cover list includes:

• Standard cars and light commercial vehicles
• Motorbikes, trikes, scooters, or mopeds
• Sports and high-performance vehicles
• Commercial vehicles (up to 7.5 tons, or a recovery vehicle up to 17.5 ton)
• Motorhomes, caravanettes, and campers
• Classic, vintage, and veteran cars
• Foreign vehicles and grey imports
• Kit cars
• Q plates
• Modified vehicles
• Agricultural plant and machinery
• People carriers and minibuses (with up to 17 seats)

While there’s no standard document to prove to an insurer you’re a legitimate trader, Road Runner can help advise you on what documentation and evidence to produce. Make sure you have invoices, plus purchase and sales receipts up to date and categorised, which will help us build up your motor trader profile when engaging with possible insurers.

You can find our policy wording and other handy documents here.