When owning a business, finding ways to save money and get better deals are often essential to sustainability. For a motor trade business, one of the easiest way to save money is through your motor trader insurance.
Going about it in a methodical way will enable you to better save money and gain a better deal on your insurance.
Below was have put together tips and tricks to take the stress and worry out of your insurance. Put them in to practice ready for your next insurance renewal.
Keep all your details and information up to date. A lot of traders are often tempted to keep some information to themselves in order to get a cheaper premium. The only problem is, should your insurer find you gave incorrect information, it is unlikely they will pay out if you need to claim. By also filing everything properly and telling the full truth with regards to your policy will also mean you are not having to keep up with a lie.
Never accept the immediate renewal price. When your renewal draws closer you insurance company will send you an automatic renewal which is typically more expensive than the previous year. Accepting this offer may be a hassle free solution but by simply calling your insurer or by going to a motor trade insurance comparison website, you can often instantly save money.
Review any extras you may have on your policy. When initially taking out your insurance, you may have added an extra you no longer need. Insurers have also been known to add on optional extras they feel relevant to your business. Check them over, if you don’t need them, remove them.
Shop around. Shopping around for insurance is usually time well spent. Searching for offers will often enable you to save huge amounts on your insurance premium. You may be happy with your current provider and therefore inclined to stay with them, consider changing though, you may even find yourself with an even better insurer for less money.
Don’t wait till the last minute. Shopping around in advance will give you a better chance of either finding a great insurance premium or provide you a quote that will help you bring your current insurers price down.
Motor trade insurance finder is a comparison website that is dedicated to and wants to save traders money on their insurance. We search the market not only for the best policies but also for tips, tricks and ways to better help reduce your premium.