Need advice car insurance

[glyn75]

hi guys i was wondering if any body knows anything about traders polices or open polices car insurance. ie is there a time limit after passing your test before you can have it and how much is it. im paying at the moment £2300 for 3rd party fire and theft for a standard 2 ltr mondeo. I have 3 points which come of next year for a t50 from which i got on my provisonal licence when i had my motor bike and have had my full licence 18 mth. Ive been told it could be cheaper than what im paying now. Ive looked on the net but carnt find any prices with out getting hassled by brokers. thanks

[Ducky1]

Are you actually a motor trader or do you just have the one vehicle

[David Bowler]

As it says A motor traders policy is only issued to Motor traders, I assume you are young in which case there is no easy or cheap way, you just need to keep your nose clean for 5 yrs

[GrannyGranny]

Unless you are a legitimate trader how can you get traders insurance?

 

Do what most of us do, get a low insurance car initially, ie. NOT a 2l Mondeo, build up NCB and save up each year so you are not paying installments which works out more expensive.

 

You could halve the amount you pay by getting a power group car.

 

Also try quotes with your Mum/Dad on the insurance as a named driver, usually save a few quid (unless they have a worse driving record than you).

[glyn75]

i only have 1 car but get bored after a few mth im on my 6th car after only passing 18 mth ago.

[glyn75]

As it says A motor traders policy is only issued to Motor traders, I assume you are young in which case there is no easy or cheap way, you just need to keep your nose clean for 5 yrs

 

no im 35 years of age.

[qazitory]

i only have 1 car but get bored after a few mth im on my 6th car after only passing 18 mth ago.

 

There is your problem! Every time you swap, you aren't getting the best deal.

 

Sorry but if you drive a 2 litre car your going to have to pay for it!!

 

Best thing is to get a small car and build up your no claims.

[GrannyGranny]

You can still build up your NCD but every time you swap cars mid way through the policy they have you over a barrel especially if you pay monthly. Have you thought about a classic, doesn't have to be old. A 15 year old can be insured on a classic policy but mileage is limited and you don't build up NCD (and you may not be eligable if its your only car).

[steveh]

Ring some of the brokers and talk to them, they'll be the ones with the answers. Traders policies aren't generally available online as they are specialist. My traders policy is a lot less than you mention but I shift enough cars (10 per year is the minimum i've found) to be eligible for one and have been driving for a number of years.

[Ducky1]

Wouldn't get a traders policy as you are not a motor trader, it sound like you are changing cars when you fancy a change and not buying and selling