Motor Trader Insurance Regulations, what are the rules?

Motor Trader Insurance Regulations, what are the rules?

I currently work for a company and drive a modified vehicle for them. It is not modified for speed but for a specific purpose. Anyway I would like to steal their idea and have tried to look for insurance for a similar vehicle (which I would construct). My insurance quote has come back as almost 4000, but I have discovered that they use motor trader insurance to cover themselves. So what are the rules with motor trader insurance, do I need to buy and sell some cars? do I need to be a registered LTD company? What would qualify me for motor trader insurance? UK Answers only please (as the rules are likely to be different in different countries). Thanks SPAMMY PEOPLE SHOULD BE KILLED IN A HUMILIATING AND PAINFUL WAY. IF YOU SPAM THIS QUESTION I WILL REPORT YOU.

 

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I got a quote from Geico, which is the best I could find, on a car that I'm thinking about purchasing and financing. The car is a 1996 Mazda Miata with 80,000 miles on it. Geico gave me a quote for $882 for six months, thats $147 a month and $1764 a year. What the heck?! I'm 18 and don't understand why insurance is that expensive. I've never had a ticket or an accident. It also says that I need to get a deductible when the car is selling for $3995. Any advice?

 

 

Car insurance, when does it drop?

Im 19 years old, and payed $155 a month for my car insurance, a year later, no accidents tickets or anything and its $106. Definately not complaining, but i was just wondering if theres some sort of formula insurance companies use.. because i always thought when you turn 25 it goes down dramatically, but this for me is pretty dramatic. And also one year from now can i expect it to go down 50 more dollars?? thanks in advance

 

 

OMG, Men and car insurance!?

Teenage boys have to pay more for car insurance, If it was the other way around and women had to pay more Feminist would throw a fit, This is a freaken double standard. How do you feel about this. p.s. I know that the rates for male teenage is higher then female teenagers but if this was switched the feminist would be pist.

 

 

What do I look for when buying car insurance?

I had car insurance with my parents for a while and I want to get my own. Im not sure what to look for and what companies are the best. Please help. thanks.

 

 

Keep car insurance payout?

So my car was scratched up during Hurricane Sandy, it didnt get hit by a tree, just stuff flying all over the place. So I called my car insurance like a good fellow and told them. I didnt even plan on going through insurance. I went and got my car independently assessed and the repair cost was $1000. A cheaper option was to just buff the paint (thus only showing the few deep scratches there are) and this cost about $200. I was considering both options,, but honestly I was leaning towards the cheaper alternative. Got my car assessed by my car insurance and they left me a check for $3200. The insurance guy didnt even take time to explain what I am to do with the check. Should I deposit it and then have my car fixed by my mechanic or go to a place that they (insurance people) recommend. Can I keep my insurance payout and have my car fixed anytime? What about the difference? I m not looking to make a quick buck, I didnt even plan on using insurance. But I dont want to be stupid and not have my car fixed either or throw away a windfall. I own my car, though I do make payments on it. I have 2.5 years left till I pay it off completely (loan of 5 years). What do I do next? Please help.

 

 

Is it worth it buying a salvage motorcycle from insurance auction?

Is it worth it buying a salvage motorcycle from insurance auction?

 

 

Ballpark figure on motorcycle insurance?

First please don't tell me to call my insurance agency, that's why I'm on here. I just want an estimate I'm 17, male, it's a 1999 cbr600f4, I don't want full coverage, just liability, I am on excelsior high honor roll at school, I took the msf course, I have had my moorcycle license for a year now, I live in upstate new york. And would be riding leisurely. Any guesses? How much do u pay, how old are you etc. Thanks!

 

 

Can I insure a car that is registered and has license plates from arizona?

I live in California and am about to buy a car that has its license plates from arizona and is registered there as well. Would i Be able to insure it? And if not what would the process to get it good over here? Just so you know, Its a 1995 Nissan Altima, and is going for $1500.

 

 

How much would the car insurance cost for a 2006 ferrari f430?

for a 25 year old

 

 

Who is the cheapest car insurer for 2011?

my car insurance has gone up 140 this year

 

 

Can you give me an estimate of what it will cost to repair this dent in my car, picture included?

A large tree limb fell on my car last night. I would like to have an idea of what it might cost to fix this before calling the insurance company. If it cost less to pay out of pocket that is the route I would like to take. Here is a link to the pic of the damage, which is on the passenger side of a 2001 Hyundai Accent. http://i11.photobucket.com/albums/a163/janezanaddict/IMG_3079.jpg Thanks for your help!

 

 

Car Insurance Rates By City?

Where can I find statistics that show the average car insurance rates for that city or town. I am looking to invest in some property, not far from Metropolitan New York, and became interested in knowing. Currently where I live and at my age, 20, insurance for me is in the proximity of $5,000. Which I do not intend on paying. Thanks, and information or suggestions are welcome

 

 

Car insurance very expensive?

Hi I live in Miami fl and I am currently insured with Estrella insurance part of uaic. My car insurance costs 264 a month. They told me that after 6 months it would go down but I don't think it will go down much. I have a 1994 accord lx 4 door. I don't see why it costs so much for insurance. I just started driving in December but the car is listed under my mothers name with me as a driver and her as the primary. She has been driving about 15 years and has a good record. We have full coverage because the last checked for us and this actually costs less then the lesser coverage for some reason. I was thinking about changing insurance because I think it is overpriced. Can anyone offer any advice? Such as maybe Whether this is actually a normal rate to pay? Or what other insurance I should try out

 

 

How much is motorbike insurance for a 125cc bike roughly?

I know it's had to predict, but im looking to buy a bike soon. Im 18 years old, live in south-west London, have a full driving license for 1 year now. (some factors they might consider) thanks.

 

 

How does insurance work?

im 19 years old n as far as i know i have insurance through my parents work...n i want to go to the doctor for birth control but i dont know how to tell them about it...im not close with my parents at all! so i was thinking of going without them knowing but if they bill my insurance is there a way for them to find out even tho im over then 18????

 

Motor Trader Insurance Regulations, what are the rules?

I currently work for a company and drive a modified vehicle for them. It is not modified for speed but for a specific purpose. Anyway I would like to steal their idea and have tried to look for insurance for a similar vehicle (which I would construct). My insurance quote has come back as almost 4000, but I have discovered that they use motor trader insurance to cover themselves. So what are the rules with motor trader insurance, do I need to buy and sell some cars? do I need to be a registered LTD company? What would qualify me for motor trader insurance? UK Answers only please (as the rules are likely to be different in different countries). Thanks SPAMMY PEOPLE SHOULD BE KILLED IN A HUMILIATING AND PAINFUL WAY. IF YOU SPAM THIS QUESTION I WILL REPORT YOU.

https://www.linkedin.com/pulse/insurance-rates-red-cars-more-expensive-william-willis/