Motor buying patterns change
In years gone by there has been a increase in values of 4×4 cars in the winter months. However accoding to a recent report by Glass’s this is no longer really the case. The winters of late have been increasily mild and there has been no or little rapid rise in demand in these tpyes og motors. Looking back over the past six years we did have a couple of white Chistmas occasions but no a significant amount of snow. Additional information about specilaist 4×4 motor trade insurance is important to ensure that traders get the right cover.
Over recent years, a pattern has emerged and in the winters that have occured where there has been poor weather there has been an increased demand for 4×4 motors. However, with warmer weather there has been no siginificant increase in demand and the volumes remain constant over the whole year. This has lead to many motor traders having a surplus of stock in the spring months and a common trend has been for car dealers to hold less stock over this period. Dealers can often have a long memory when these sort of situations arise and often enough they will just hold the minimum level of stock, particularly, if the winter months are warmer than usual. It is generally seen that the majority of motor buyers do no now prioritise having a 4×4 over this period. So, it is apparent that the milder wetter winters that we are encountering have had a significant impact on sales within this sector.
Motor trade insurance for 4x4s
Although the popularity of 4x4s is well understood, they are now seen as a family mode of transport and not specifically an off road vehicle for dealing with difficult weather conditions. Also, many smaller motor vehicles now have the 4×4 option so, that the larger traditional style 4×4 is not such a necessity. The heaviest duty 4x4s especially the v8 petrol engines, have suffered due to high fuel costs and there is no longer a general perception that these motors are the best solution for bad weather conditions. Another factor which is perhaps hindering sales in this sector, is the high road tax, as they do not qualify for any of the low emissions discounts. If they are insured on a car policy then, they will be a higher category than standard car, however, if they are on a motor trade insurance policy, then they would just be categorised in accordance withe the policy banding.
Therefore, it seems likely if this pattern continues and there is relatively lower or little snowfall, then the demand for this type of vehicles is likely to remain weak. Looking at the current weather conditions and the forecast for the current weather period, there is no sign of a change in this and most motor traders seem to be resisting holding this type of stock
Traders insurance for young drivers
Comparing Traders insurance for young drivers quotes online should be a priority for all entrepreneurs entering the motor trade market. Even more so for those who have been trading a while and been stuck with the same insurance policy for years. Hiring new staff that are under 25 should encourage you to shop around for the best traders insurance for young drivers, possibly saving you hundreds or thousands of pounds a year. Circumstances can change rapidly over the course of a few months in this trade, new employees, additional vehicles, new services requiring indemnity cover and Goods In Transit clauses that change on a per contract basis. Staying in contact with your broker or seeking out cheaper young drivers traders insurance annually will ensure your business is covered and the lowest premiums are attained.
Because Traders insurance for young drivers policy documents are a niche concept with young drivers rightly or wrongly perceived as being a high risk group. You need a specialist traders insurance broker with the knowledge on not only how to lower costs but ways to ensure your motor trade business, vehicles, premises and employees are protected from liabilities. We can provide this service in several ways. Our historic database of claims matches your exact business and vehicle type to return an instant quote on traders insurance for young drivers. We instinctively know your vehicle’s labour costs, parts replacements and faults and how much your vehicle will be worth if needed to be replaced. With the basics covered, we then dissect your business activities, whether operating breakdown recovery services, are a valet, run an MOT centre or a showroom. Further ensuring all public liabilities and cover for theft and break downs are fully insured for the correct sums valued.
Buying into the cheapest Traders insurance for young drivers quotes online is not always ideal. You need to find the best at the lowest price. You need to consider if you require European breakdown recovery and green card, if have a mixed fleet then these should be under one policy to save money. Which class of Goods In Transit cover do you require and that all road risks are enabled. Alongside indemnities for work carried out, employer’s liabilities and prevention rather than reaction to health and safety issues with employees. Insurer supplied telematics, fleet management software and dashboard cams can help lower premiums and additional security measures on site also. For the best Traders insurance under 25 and for young drivers quotes, enquire today. Age is not as much a restriction as it used to be, though still a challenge if under 21 we are here to assist in getting you covered appropriately and efficiently.
When you’re buying motor trade insurance, what do you really want? An excellent service, low premiums, guidance, advice and a fast settlement of your claims in the event that you suffer a loss? So many people often make the mistake of not demanding all of this from their provider or insurance broker.
The first mistake people often make in regards to motor trade insurance is not shopping around. If their current provider does an OK job they generally can’t be bothered to shop around for alternative providers. This can be understandable, though, due to the purchase of insurance being deemed as a long and tedious process. Failing to shop around though can mean you are losing out on a huge saving on your premiums.
The insurance industry isn’t different to any other industry in the sense that it is highly competitive. This means that insurance brokers and providers are incredibly keen for you to take out your coverage with them and will offer you extremely good deals in comparison to your current insurance provider. If your current provider doesn’t provide you with all the benefits we listed above, consider taking 10 minutes out of your day to speak to another provider or broker as it could be the best 10 minutes you spend all year!
Even people who do shop around for the best deals on their motor trade insurance make mistakes though. Many people make the mistake of not disclosing their current premiums. People generally believe that if you disclose your premium you will not get the best price. In reality it works out the total opposite because if an insurance company doesn’t have a price that they have to beat, they will not give you their best price. So if you’re shopping around and someone asks what your current premium is, tell them!
Another mistake people make when shopping around for motor trade insurance is that they base their decision solely on price. This is especially true at the moment as every penny counts. When shopping for traders insurance (link), you should not only ask what the premium is, but what the policy also covers, what credit rating does the provider or broker have and also how much experience do they have in providing and dealing with motor trade insurance.
Follow these tips and you should find that sorting out your next insurance policy is a more pleasant experience and also a less costly one!