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Motor Trade Insurance News

Have Private & Motor Trade Insurance Prices Increased in 2023?

The cost of private and motor trade insurance has experienced a staggering 40% increase over the past year, with the average comprehensive policy now standing at £776 – a notable £222 higher compared to the previous year. This data comes from our car insurance price index, powered by WTW.

Motor Trade Insurance FAQs

What is motor trade insurance?You need insurance to protect your business vehicles and employees against claims if you work in the motor trade Industry. Our policy covers liability that may arise when driving a company’s or client’s car and during repairs and servicing. Even when you don’t carry out repairs or drive business vehicles, you […]

Motor Trade Insurance Price Cuts

The UK government has recently published a consultation paper to limit, or possibly even end the epidemic of whiplash claims. If these measures are passed into law, insurers have promised to pass on savings gained by capping the amount of money that can be claimed in whiplash injuries, resulting in an average saving of £40 […]

Chancellor Increases Motor Trade Insurance Premium Tax Once Again

Motorists and insurers alike have reacted angrily to the insurance premium tax (IPT) rise, announced in the November budget statement. The IPT figure will rise from its current level of 10% to 12% with effect from June 2017, meaning that insurance premiums will rise and motorists will again be penalised.



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