test drive and insurance

newfoundglory

How does being insured for a test drive at main dealer work?

I want to test drive two cars before deciding which I am going to buy.

Inactive

They will have their own insurance to cover you for a test drive.

dacouch

Take along your driving licence and a utility bill / bank statement. This can save time as they often need to check / copy these if they allow you out on an accompanied test drive (If this is what you want).

rev_henry

Most dealers have special trader policies which basically cover all their staff to drive anything, and anyone to test drive. As Inactive says.

harveybobbles

Our Ins Policy covers anyone with a driving licence. We use Trade Plates too as all our cars are untaxed.

iolanthe07

Our Ins Policy covers anyone with a driving licence.

That must cost you an arm and a leg.

dacouch

iolanthe07 wrote: »

Our Ins Policy covers anyone with a driving licence.

That must cost you an arm and a leg.

Motortrade Insurance is surprisingly cheap for well run businesses with a good record.

However the Insurers do apply certain restrictions to driving and the cars they are driving. It is not a blanket policy for absolutely anyone to drive absolutely anything

Inactive

dacouch wrote: »

However the Insurers do apply certain restrictions to driving and the cars they are driving. It is not a blanket policy for absolutely anyone to drive absolutely anything

...even if many dealers think otherwise.:D

dacouch

Inactive wrote: »

...even if many dealers think otherwise.:D

Tell me about it, I used to specialise in Motor Trade, the amount of times I have explained what is and is not covered to the same customer. They then ring up when their mechanic has been stopped driving their own personal vehicle etc etc

Jakg

What sort of terms would be imposed, and a rough guide pricewise?

Feel free to be vauge here

dacouch

There is a major difference between a motor trader with a)proper premises and a motor trader without premises eg trading from home, the former is much much more popular with Insurers.

A) Will typically cover any vehicle that is in their custody or control for motor trade purposes and vehicles the business owns. It will not cover the employees or friends vehicles etc unless they are genuienly in their custody or control for motor trade purposes. It is sometime possible to extend cover for the directors own vehicles. It is also sometimes possible to extend cover for directors spouses / family cars and sometimes managers own vehicles.

They will typically cover any driver for using vehicles for Motor Trade Use only and specified drivers for Motor Trade and Private Use eg Directors, Spouses etc as above. You can also specify other employees to be cover for MT and SDP such as sales managers etc (This is fairly expensive)

It will generally exclude cover for steam driven and self propelled tracked vehicles.

b) Will typically cover any vehicle that is in their custody or control for motor trade purposes and vehicles the business owns. It will not cover the employees or friends vehicles etc unless they are genuienly in their custody or control for motor trade purposes. They will typically not offer any driver cover and be more strict on who can drive vehicles for private use. They often restrict cover to third party only for certain vehicles eg Ford Cosworth, Saburu Turbos etc. They also tend to try and avoid paying claims for vehicles that should have been notified to the MID and have not been.

Both tend to either exclude motor cycle or only cover them for Motor Trade Use only, but may extend cover to all or specified motorbikes for an extra premium.

Motor Trade policies virtually all pay the motortraders own and stock vehicles on the "Trade" value

The Insurers that offer cover for b) are nearly all very very poor Insurers who go out of their way looking for ways to avoid paying claims.

A motortrade policy is not suitable for the general public unless they genuinely trade in someway. If you take one out they normally ask for proof you are a trader when you make a claim. When you cannot provide this they will decline the claim (The RTA part they may have to pay out but will recover it from you)