The Changing Face of Motor Trade Insurance

The way in which products and services are purchased has changed dramatically in the last decade. This article looks at how these changes have affected the motor industry and how motor traders are faced with more choice than ever before when it comes to buying their business insurance.

The world in which we live and do business in has changed beyond belief in what seems like a very short space of time. Just a few years ago, if a body repairer, mot station or car dealer wanted to purchase motor trade insurance for their business, they would be faced with either walking up and down the high street to visit their friendly, local insurance broker who advertised the fact that they offered to provide quotations free of charge.

Alternatively, the trader would search through their local Yellow Pages where a handful of insurance brokers in their area would offer their services to motor traders and any other type of business in need of insurance.

Nowadays motor traders are faced with a multitude of options when it comes to purchasing their motor trade insurance premiums. Perhaps the most significant change has been the way in which the internet can now be used to source insurance providers. A simple search for a phrase such as combined motor trade insurance using a search engine like Google or Yahoo will produce a list of insurance providers many of whom can now provide you with a quotation for your business.

Another dramatic change in the way motor trade insurance is purchased is that insurance providers will now approach motor traders rather than the other way around. The historic route of walking up and down the high street has now been replaced with receiving letters and phone calls from insurance providers all offering their services. And whilst this new approach could save the motor trader time, it can also sometimes be an inconvenience.

The final way in which the purchase of motor trade insurance has changed is that geography and location is seemingly no longer a barrier. Traditionally businesses of all types dealt with an insurance broker who was local to them and whilst for many this is still the desired option, you only have to look in your local Yellow Pages Insurance section to discover that few of the companies advertising within it are actually local.

For motor traders who want to combine a personal service that the traditional local broker offered with the most competitive of premiums, there is still a chance to do both as some motor trade insurance brokers will offer both and help answer any questions you have, help you in the event of you having to make a claim and help you secure the lowest possible premium.

This combination of great service at low premiums is not available from all insurance providers but find the right one and you could very well receive the cover and service you want at a price that is right.

NCi Motor Trade are Combined Motor Trade Insurance Specialists and for details of their Motor Trade Insurance facilities or to get a motor trade insurance quote simply visit the UK Business Insurance Brokers.