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Motor Trade Insurance News

Can i use my Motor Trade No Claims Bonus?

No claims bonuses in the motor trade work in the same way as with private insurance: they are earned. They’re also a great way to reduce your insurance premiums but how they work in the motor trade – and whether they can be transferred between policies – is a commonly confusing question.

Do I lose my no claims if i have had a traders policy?

The way no claims bonuses work in the motor trade, and whether they can be transferred between insurers, is fairly straightforward, with a few caveats. Many insurers will actively allow traders to move no claims bonuses from one policy to another, but it’s always worth checking the small print, and, if you’re in any doubt, […]

The Importance of Updating the MID

The Motor Insurance Database (MID) is the only central record of all insured vehicles in the UK and is updated over 10,000 times an hour. As one of the most important tools to ensure that only insured vehicles are driven on our roads, the MID is used by the police and the DVLA to enforce […]

What will my car insurance cost?

Insurance policy costs continue to rise for many motorists, and given the current climate it’s worth reminding you how policy premiums are calculated. Insurance companies take a wide range of factors into account, not least the likely costs of any claims you may make, and how likely you are to make one in the first […]

How does motor vehicle insurance excess work?

All motor insurance policies come with a compulsory excess built in. An excess is the amount that an insurance company will withhold from any claim and which must be paid by the claimant. For example, if you are involved in an accident for which your insurance claim is £2,000 and your policy has an excess […]



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