Motor Trade Insurance - Is The Price Right?

If you’re a Motor Trader you’ll know more than anyone just how price sensitive the automotive industry can be. And as Motor Trade Insurance is likely to be one of your companies biggest outgoings paying the right price for your Motor Trader Insurance is going to be vital.

Whilst the UK has benefited from a pretty stable financial environment in recent years with rising house prices, low interest rates and many companies making money there now maybe signs of a change. During 2006 interest rates rose steadily and with 1 rate rise in 2007 already (and with more forecast as the year progresses) there is every chance that there will be less disposable income in the UK economy.

So what will this mean for consumers and Motor Traders?

Well for consumers it could mean they have less money to spend on new cars, second cars or indeed on the servicing and repair of existing vehicles. There is also every chance that as value for money becomes more of an issue they will shop around to secure the best price and service.

And when Motor Traders Insurance policies come due for renewal there is every chance they too will start looking around to secure the best deal on their Motor Trade Insurance. And if indeed money is an issue it is very easy for companies in the motor industry to opt for the cheapest is best option. After all, isn’t one type of Business Insurance pretty much the same as all the others?

Well for Motor Traders in the UK I would urge you to proceed with caution as whilst low cost motor trade insurance is available from many different insurance providers you don’t want to leave yourself in a position without the right level of cover or the right insurance excess (or deductable).

For many motor traders the best option to take when buying motor trade insurance for the first time or when their current motor trader insurance comes due for renewal would be to consult the services of an insurance broker. An insurance broker who specializes in motor trade insurance can search the market to find you the right cover at the right price so you not only save time – but you also save money.

In the event of you needing to make a claim they can also help you get the claim settled quicker and more favourably. A good insurance broker should give you advice and make sure you only pay for the insurance cover you need and want.

Motor Trade Insurance doesn’t have to complicated or expensive so find the right broker and make sure the price is right for your Business Insurance.

For more information about Motor Trade Insurance visit Northern Counties Insurance Brokers at http://www.northerncounties.com/motor-trade-insurance.php

Northern Counties – The UK’s Business Insurance Broker

What will 2007 hold for the Motor Industry?

As another year begins, businesses throughout the Motor Industry will be wondering what developments await in the year ahead.


With house prices forecast to continue rising and with interest rates also likely to increase further will this mean consumers have less disposable income and therefore less likely to buy new or more cars? And will this have a direct impact on the hundreds and thousands of garages and motor body repairers?


Whatever impact the economy will have on the Motor Trade, businesses of all sizes can take some simple yet highly effective steps to try and make 2007 as successful as possible. These include:

1. Find out what your customers actually want – it’s very easy for businesses to get into the habit of assuming they know what their customers want. However consumers’ needs and expectations are constantly changing and the most successful companies will anticipate these needs and will offer solutions to meet them. And when it comes to the Motor Trade it’s possible that 2007 will mean a shift from customers demanding low prices to an emphasis on customer service. For motor traders who have always focused on providing quality service this can only be a good thing.

2. Being aware of the industry as a whole – from manufacturers being forced east due to over regulation in the motor industry to small garages and body repairers understanding the impact new government “pay as you drive” proposals could have on the future of our roads anyone within the motor trade has a duty to know what is going on. Trade magazines, general gossip and just keeping your ear to the ground can often be used to make sure you stay in touch and have a competitive advantage.

Finally, whatever part of the Motor Trade you work in 2007 promises to be yet another tough but exciting time so I hope 2007 proves to be happy and successful.