If you are looking for the right company to take out a motor trade insurance policy with, what factors are you taking into account? For many people, the only thing that they are really worried about is the price that they are going to end up paying for their premium. This may be fine but it is worth looking into some other factors before deciding to get the cheapest policy you can.
Extra Charges
You should look into whether you will end up being hit with any extra charges for areas of your policy, before taking any cover out check what fees could potentially be added during the year. For example, will you be charged for any amendments that need to be made to the MID, will you end up paying an excessive amount of instalment fees or do you have to pay to receive duplicates of any of your documents?
Which insurer is used?
If you are getting your policy through a broker then it is worth checking up on the companies that they use to provide policies. Ideally you want to be using a broker who works with reputable insurers who will give you a good quality level of cover. There is no point in getting a cheap traders policy if you have to jump through hoops when you need to make a claim. Spending a little extra is definitely worthwhile if it means being insured by a company that will deal with you properly.
Are you valued?
You will find that some of the larger companies may not necessarily value your custom as much as the smaller ones. This is by no means to say that all of them will act like this but a smaller company will generally do whatever they can to provide good customer service so that you stay with them. They do not want to lose any business so you will find that most of them can provide a much better service.