Motor Trade Insurance For Young Drivers

In the current employment climate, more young people are opting to choose self-employment after education or further studies than ever before. This however leads to issues with motor trade insurance for young drivers under the age of 25 that is either difficult to find or financially too high a burden. However, at Evans and Lewis we have scoured the market for appropriate and best motor trade insurance for young drivers, which can match a variety of individual circumstances. Both when it comes to insuring yourself or providing insurance cover for an employee under the age of 25. Some of the issues that arise when seeking out MTI for young drivers cause underwriters to put in place strict stipulations on road use and type of vehicle which can be driven. Thus ensuring the cheapest motor trade insurance for young drivers that both covers an individual and a business. The discounts can often be agreed if: The young driver only drives a vehicle under a certain engine size, 2000 cc for example, if under 21. Most drivers, in order to apply for MTI cover will need to have held a driving licence for at least 12 months. This might rule out anyone under 18 from receiving adequate cover. A car sales business may require you to drive cars with different horsepower and insurance liabilities. Those under the age of 23 may well be inhibited from such action unless correctly covered. Other measures which may need to be adhered to, are driving within hours of cover, ruling out night time usage which would prove ineffective for a young driver operating a breakdown recovery business. That’s not to say that motor trade insurance for young drivers on the way to self-employment is such a mine field. Through working with a variety of specialist motor trade insurers we can find the right level of cover that will both insure your vehicle and the driver against public liabilities and that of the cost of a replacement car, breakdown cover and premises insurance. However, some situations mentioned above may need to be strictly abided by. Unfortunately, insurance being a statistics based calculation, drivers under the age of 25 are seen as a higher risk than those in their late thirties or forties. There are ways in which you can benefit from cheap motor trade insurance for young drivers.

Motor Trade Insurance for Young Drivers can take advanced driving courses before applying to show you have a good understanding of road risks and how to avert a crash.

MTI cover and cost of premiums is often based on an exact occupation. Therefore some forms of self-employment within the motor trade business, if certain activities are left out, may result in cheaper premiums for motor trade insurance for young drivers.