Pip 12 Posted January 23, 2020 Can I ask what other traders are paying? I’ve been trading for 25 years and every year seems to be getting more expensive. Yes I know everything goes up but this year it has nearly doubled. No claims or convictions , it’s getting beyond belief. It’s not as though I’ve claimed or stock dozens of cars. I’m a one man band now after scaling down over the last few years but insurance just continues to rise. This year I’ve seen the biggest increase. What’s the norm? Share this post Link to post Share on other sites
Mikey360 68 Posted January 23, 2020 8 hours ago, Pip said: Can I ask what other traders are paying? I’ve been trading for 25 years and every year seems to be getting more expensive. Yes I know everything goes up but this year it has nearly doubled. No claims or convictions , it’s getting beyond belief. It’s not as though I’ve claimed or stock dozens of cars. I’m a one man band now after scaling down over the last few years but insurance just continues to rise. This year I’ve seen the biggest increase. What’s the norm? It'll always increase, shop around, find the best quote and ask your current providers to beat it, best chance of getting it down. Share this post Link to post Share on other sites
Mark101 536 Posted January 23, 2020 My insurance went up to £4,300 this year with Aviva. Their excuse, my current whip. Going with NIG (including current smoker) for £2,600. Sounds a lot but that is not much more than my monthly AT bill - so represents good value when you consider AT is optional and insurance is not. Share this post Link to post Share on other sites
MrC 142 Posted January 23, 2020 Mine dropped a little bit this year and we added on a few extra bells and whistles Share this post Link to post Share on other sites
Casper 272 Posted January 23, 2020 Mines is about £2200 and my friends who is on a much bigger scale is about £4800 so depends on value of cars size of business what's covered etc I wouldn't think there would be an average though be interesting to see Share this post Link to post Share on other sites
Marian TDM 6 Posted January 23, 2020 Mine is was 2200£ last year and 2400£ this year. Maybe in August when I turn 25 they will reduce the price. Share this post Link to post Share on other sites
MarkTVS 209 Posted January 23, 2020 Our broker has made a mistake an had us down as a sole trader even though we have been a Ltd company for years so we had to start again on zero bonus this year and I think we are circa 6k Thats for our 2 units, yard, 2 transporters, two staff for work use, myself and my partner for work and sdp and my brother for work and sdp. Hoping it goes down a bit next year! Share this post Link to post Share on other sites
Casper 272 Posted January 24, 2020 Remember saying on here before but guy I used to work for all be it over 15 years ago he was worth a right few quid at the time had a policy which covered him for trade use by any employee employed or self employed worked for him friend relative or acquaintance of him for trade use and sdp as long as they had his permission to any value of vehicle with no age restrictions the apprentice at the time was picking up vr six golfs i wouldnt have believed it had i not seen it to tax a car one day but wouldn't like to think what he was paying . There Is just so many different options I don't think there will ever be a set price or average even going by this post it seems it varies a lot Share this post Link to post Share on other sites
Mark101 536 Posted January 24, 2020 2 hours ago, Casper said: Remember saying on here before but guy I used to work for all be it over 15 years ago he was worth a right few quid at the time had a policy which covered him for trade use by any employee employed or self employed worked for him friend relative or acquaintance of him for trade use and sdp as long as they had his permission to any value of vehicle with no age restrictions the apprentice at the time was picking up vr six golfs i wouldnt have believed it had i not seen it to tax a car one day but wouldn't like to think what he was paying . There Is just so many different options I don't think there will ever be a set price or average even going by this post it seems it varies a lot Sounds like my policy but it does restrict under 25’s and relatives (my choice). Share this post Link to post Share on other sites
JA Trader 58 Posted January 24, 2020 17 hours ago, MarkTVS said: Our broker has made a mistake an had us down as a sole trader even though we have been a Ltd company for years so we had to start again on zero bonus this year and I think we are circa 6k Thats for our 2 units, yard, 2 transporters, two staff for work use, myself and my partner for work and sdp and my brother for work and sdp. Hoping it goes down a bit next year! No way would i be having that. That,s a serious ENO (Error and Omission) I would be after some compo for that. Mention the magical Financial Ombudsman Service. Share this post Link to post Share on other sites
Casper 272 Posted January 24, 2020 (edited) 6 hours ago, Mark101 said: Sounds like my policy but it does restrict under 25’s and relatives (my choice). What company you with mark mate well broker do you use I never payed attention at the time and not seen the guy in years still in touch with his brother his just remembered the policy wording .. cant believe it's 15 years since i worked there time goes by so gsg as you get older . Edited January 24, 2020 by Casper Share this post Link to post Share on other sites
MarkTVS 209 Posted January 24, 2020 7 hours ago, JA Trader said: No way would i be having that. That,s a serious ENO (Error and Omission) I would be after some compo for that. Mention the magical Financial Ombudsman Service. Partly my fault also however for not proof reading the documents they sent through. I have sent an email of complaint though. Share this post Link to post Share on other sites
Casper 272 Posted January 24, 2020 36 minutes ago, MarkTVS said: Partly my fault also however for not proof reading the documents they sent through. I have sent an email of complaint though. Your better to mate don't ask you don't get and to be fair to you we are all a bit guilty of that at times . Share this post Link to post Share on other sites
David Horgan 564 Posted January 24, 2020 On 1/23/2020 at 12:06 AM, Pip said: Can I ask what other traders are paying? I’ve been trading for 25 years and every year seems to be getting more expensive. Yes I know everything goes up but this year it has nearly doubled. No claims or convictions , it’s getting beyond belief. It’s not as though I’ve claimed or stock dozens of cars. I’m a one man band now after scaling down over the last few years but insurance just continues to rise. This year I’ve seen the biggest increase. What’s the norm? £3,000 on the nose , 4 of us on the policy including son and daughter , SDP for our own cars SDP for Motor cycles , personal and sales bikes , business use , test drives , customer loan car , 4 sets of trade plates , No age restrictions , Public liability inc , Tools in workshop to 50k , tools and products in detail unit to 40k Share this post Link to post Share on other sites
Wheelerdealer1 91 Posted January 26, 2020 I’m in London and pay £4K, it’s never got cheaper than that for me Share this post Link to post Share on other sites
Ashley@UKGlobal 6 Posted February 9, 2020 Hi all, I am a motor trade specialist insurance broker offering a personal service, with premiums rising please feel free to contact me at renewal time if you are looking for a free review of your insurances, I would look to save you money where possible without compromising on coverage. You can contact me on 07590635644 thanks. Ashley Share this post Link to post Share on other sites
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