whats the average price for trade insurance for a 27yr old

mikeyboo

as above anyone have an idea of insurance,or what was yours starting off as.

ian87

Full time or part time? Trader? Mechanic? What do you need it for?

mikeyboo

ian87 wrote: »

Full time or part time? Trader? Mechanic? What do you need it for?

full time was thinking on cleaning and selling cars.

ian87

Expect circa 1500 for tpft to 2k fully comp.

mikeyboo

would that be good for starting off with,have no idea about trade prices for insurance?

ian87

Well that's what I was quoted. It's a first policy and I'm a month shy of 27. So I'd say that's pretty much what you should expect I'd imagine?

scrap_man

all depends what you want on it. Mine was 2200 last year, could have gotten it for 1900 but that didn't cover classic, vintage or performance vehicles. they were both tpft quotes and the cheapest I could get. Its up for renewal next month and im 25 now so id be expecting a big drop in the premium

oldyouth

mikeyboo wrote: »

as above anyone have an idea of insurance,or what was yours starting off as.

When you say starting off, I take it you still have a private/commercial NCB to offer insurers. Then, as Ian87 advises, you can expect around €1,500

s14driftking

32 and mine is 850 for the year and has being for the last few yrs, think when i started off it was about 1200.
mine covers me for social domestic and pleasure and work uses. seemly in the last yr or two its very hard got.

oldyouth

s14driftking wrote: »

32 and mine is 850 for the year and has being for the last few yrs, think when i started off it was about 1200.
mine covers me for social domestic and pleasure and work uses. seemly in the last yr or two its very hard got.

Yep, the traditional motor trade insurers are undergoing an exercise to rid themselves of the people who state they buy & sell cars but, in reality, it is a misrepresentation so that they can get a policy to allow them drive a few personal vehicles

Supergurrier

We really nred s general car insurance thread mods

Cleveland Hot Pocket

s14driftking wrote: »

32 and mine is 850 for the year and has being for the last few yrs, think when i started off it was about 1200.
mine covers me for social domestic and pleasure and work uses. seemly in the last yr or two its very hard got.

Who is that with? If I can ask?

I want a policy that covers me for all the cars I own, I change vehicles a lot - currently I have only 3 but most months would have 4-5, and the hassle of changing insurance each time is annoying.

peteb2

Cleveland Hot Pocket wrote: »

Who is that with? If I can ask?

I want a policy that covers me for all the cars I own, I change vehicles a lot - currently I have only 3 but most months would have 4-5, and the hassle of changing insurance each time is annoying.

Which is exactly what most insurers are looking to avoid. Are you in the motor trade? If not, no motor trade policy for you!

Cleveland Hot Pocket

Any helpful answers?

quadrifoglio verde

Cleveland Hot Pocket wrote: »

Any helpful answers?

Set up a "motor trade" company?

peteb2

Cleveland Hot Pocket wrote: »

Any helpful answers?

Well do you work in the motor trade? You're not really helping yourself here! Otherwise just take out a family fleet type policy with a niche insurer.

All you've said is "i'd like a policy that lets me drive a few cars so how is my answer not helpful?"

Cleveland Hot Pocket

quadrifoglio verde wrote: »

Set up a "motor trade" company?

Yes, good plan.
I may need a good clan of employees too, would it be a good idea to charge a nominal admin fee to your employees to be included as such?:D

How do I set up a sole trader motor trade company?

MidlandsM

In the event of a claim, insurers will seek regs of cars you sold to prove you are "trading" so setting up a phantom co is a waste of time. Its in the terms and conditions.

Cleveland Hot Pocket

MidlandsM wrote: »

In the event of a claim, insurers will seek regs of cars you sold to prove you are "trading" so setting up a phantom co is a waste of time. Its in the terms and conditions.

Thing is, i sell and buy enough cars to be a "small trader".

In the last 12 months I've bought 8 cars and sold 5 of them on, for instance. That is more than a private individual "should" so I reckon I'd have no bother on that score.

quadrifoglio verde

Cleveland Hot Pocket wrote: »

Yes, good plan.
I may need a good clan of employees too, would it be a good idea to charge a nominal admin fee to your employees to be included as such?:D

How do I set up a sole trader motor trade company?

Register the cars in someone else's name and drive them on 3rd party extension.
Easier to set up than a traders policy and you don't have revenue knocking on your door looking for vat etc.

mickdw

Cleveland Hot Pocket wrote: »

Thing is, i sell and buy enough cars to be a "small trader".

In the last 12 months I've bought 8 cars and sold 5 of them on, for instance. That is more than a private individual "should" so I reckon I'd have no bother on that score.

Yes moving a few cars like that would put you into trader territory. I'm guessing if the insurers have really tightened up on this, they could look for proof of rate paying premises and proud of being registered as a trader.
I can't see it being worth getting set up as a trader just for the insurance.

Cleveland Hot Pocket

quadrifoglio verde wrote: »

Register the cars in someone else's name and drive them on 3rd party extension.
Easier to set up than a traders policy and you don't have revenue knocking on your door looking for vat etc.

Intending to keep the cars I have for a while, I was looking for something a little more concrete and fully legal.

I'm renewing my insurance atm and reviewing all options. Renewal premium has come down to €450 odd which is good. Must make sure I have proper driving other cars cover and not "the car must be insured" bs like this year.

If I get proper driving other cars extension then this could be looked at.

mickdw

Cleveland Hot Pocket wrote: »

Intending to keep the cars I have for a while, I was looking for something a little more concrete and fully legal.

I'm renewing my insurance atm and reviewing all options. Renewal premium has come down to €450 odd which is good. Must make sure I have proper driving other cars cover and not "the car must be insured" bs like this year.

If I get proper driving other cars extension then this could be looked at.

To be fair, the most common policy extension is the one which requires other cars to be insured.
AXA do the extension where as long as the car is road legal, you are covered without it having an insurance policy attached to it.

peteb2

Cleveland Hot Pocket wrote: »

Intending to keep the cars I have for a while, I was looking for something a little more concrete and fully legal.

I'm renewing my insurance atm and reviewing all options. Renewal premium has come down to €450 odd which is good. Must make sure I have proper driving other cars cover and not "the car must be insured" bs like this year.

If I get proper driving other cars extension then this could be looked at.

Your problem is the driving other cars extension is for irregular use where you hop into a mates car to move it down the road or something. The intention of the company is never to cover a few vehicles owned by one person under it.

cabb8ge

Cleveland Hot Pocket wrote: »

Thing is, i sell and buy enough cars to be a "small trader".

In the last 12 months I've bought 8 cars and sold 5 of them on, for instance. That is more than a private individual "should" so I reckon I'd have no bother on that score.

Surely the admin involved in tax returns for your trade activity is more than the effort involved in arranging private insurance throughout the annum as required.

Cleveland Hot Pocket

peteb2 wrote: »

Your problem is the driving other cars extension is for irregular use where you hop into a mates car to move it down the road or something. The intention of the company is never to cover a few vehicles owned by one person under it.

Yes, which is why I'm looking at trade insurance, or other options.
I know that a private individual can avail of "fleet insurance", where you are covered for all cars.

But the thing about that one is I've only gotten quotes of 4-6k. I wanted an all inclusive one, as I currently have an LHD american truck, a JDM imported 300zx, and a standard repmobile. Most fleet policies exlude #1 and #2 from that list. When I buy my next car there's the potential for it to be anything crazy. Lately I've been looking at glanza's, s14s and altezza's for instance. Last week it was 90's cadillacs, next week who knows. I need a policy that covers every car.

cabb8ge

It clear the cars private owned, no motor trade policy applicable, simple.

jimgoose

Cleveland Hot Pocket wrote: »

Yes, which is why I'm looking at trade insurance, or other options...

I think you want a Multi-Car policy, Cleve. Aviva do them, probably others. Don't really know about typical costs, though.

Cleveland Hot Pocket

jimgoose wrote: »

I think you want a Multi-Car policy, Cleve. Aviva do them, probably others. Don't really know about typical costs, though.

Yes, but the thing with them is that you need to contact them to change cars, you don't know for definite what they will insure, and they charge you to change (and also sometimes additional premium).
Currently all the non dailies are insured for c180-220 each with a classic policy. But I would like one policy to cover "me" rather than each car.

Like they have on the continent.

jimgoose

Cleveland Hot Pocket wrote: »

Yes, but the thing with them is that you need to contact them to change cars, you don't know for definite what they will insure, and they charge you to change (and also sometimes additional premium).
Currently all the non dailies are insured for c180-220 each with a classic policy. But I would like one policy to cover "me" rather than each car.

Like they have on the continent.

Really? That's a crock a' shít, innit? The Continental setup sounds a lot more civilised.

MidlandsM

Cleveland Hot Pocket wrote: »

Thing is, i sell and buy enough cars to be a "small trader".

In the last 12 months I've bought 8 cars and sold 5 of them on, for instance. That is more than a private individual "should" so I reckon I'd have no bother on that score.

All grand and well. But in the event of a claim, they can seek your books to verify. Again, in the terms and cons. Do you have audited a/cs, are you known to revenue and have a vat no?
If not be under no illusion that any insurer could easily step away from you, leaving you with a worthless policy, and massive exposure to litagation from the other side.

wexie

jimgoose wrote: »

I think you want a Multi-Car policy, Cleve. Aviva do them, probably others. Don't really know about typical costs, though.

that's only a discount on a separate policy though isn't it? (at least that's how I understood the add).

Seems ludicrous to me you can't just have a policy that covers you to drive any car you own. You can only drive one at a time, same with not being able to use NCB on different policies, absolutely crazy to me, NCB is earned by being a careful (or lucky) driver, that's hardly going to change as soon as you hop in the toy or weekend car.

:mad::mad::mad::mad:

Cleveland Hot Pocket

MidlandsM wrote: »

All grand and well. But in the event of a claim, they can seek your books to verify. Again, in the terms and cons. Do you have audited a/cs, are you known to revenue and have a vat no?
If not be under no illusion that any insurer could easily step away from you, leaving you with a worthless policy, and massive exposure to litagation from the other side.

This is what I'm trying to avoid, hence asking the questions and participating in the discussion. What I want is a policy (a legit one) that covers me to drive any car regardless of ownership, engine size etc. And is not prohibitively expensive.

wexie wrote: »

that's only a discount on a separate policy though isn't it? (at least that's how I understood the add).

Seems ludicrous to me you can't just have a policy that covers you to drive any car you own. You can only drive one at a time, same with not being able to use NCB on different policies, absolutely crazy to me, NCB is earned by being a careful (or lucky) driver, that's hardly going to change as soon as you hop in the toy or weekend car.

:mad::mad::mad::mad:

Yes it is BS....

peteb2

There's isn't such a policy for regular Joe's unfortunately. Your problem is that you want the advantages of a fleet policy without the costs. You won't get a policy that does what you want for the price that you currently pay for each car under a limited mileage policy.

oldyouth

Cleveland Hot Pocket wrote: »

Thing is, i sell and buy enough cars to be a "small trader".

In the last 12 months I've bought 8 cars and sold 5 of them on, for instance. That is more than a private individual "should" so I reckon I'd have no bother on that score.

In the event of a claim, you will be asked to produce your VAT and Revenue records. You will also be asked to provide evidence of where you advertise your vehicles and sample customer details for those who bought from you. Like I said previously, Insurers are in the middle of an exercise to weed out non-genuine traders.

jimgoose

wexie wrote: »

that's only a discount on a separate policy though isn't it? (at least that's how I understood the add).

Seems ludicrous to me you can't just have a policy that covers you to drive any car you own...

Sometimes, when my Zen Calm partially fails, it drives me completely shazbat when I'm listening to a pimply kid, who may or may not even have a sodding driver's license, on the telephone in some insurance company laying down the law to me[1] regarding what I can and can't drive. Only furkan Paddy is expected to put up with it, it seems - such things are unheard of in places like the U.K. and Germany.

[1] 42 years old, qualified instructor, about 500,000 miles in 25 years on varying numbers of wheels, from two to twenty-two.

oldyouth

jimgoose wrote: »

Sometimes, when my Zen Calm partially fails, it drives me completely shazbat when I'm listening to a pimply kid, who may or may not even have a sodding driver's license, on the telephone in some insurance company laying down the law to me[1] regarding what I can and can't drive. Only furkan Paddy is expected to put up with it, it seems - such things are unheard of in places like the U.K. and Germany.

[1] 42 years old, qualified instructor, about 500,000 miles in 25 years on varying numbers of wheels, from two to twenty-two.

Perhaps our cute-hoorism, disrespect for the rules of the road, lack of enforcement for the laws of the land and sense of immortality while driving, has given us the insurance market we deserve.

jimgoose

oldyouth wrote: »

Perhaps our cute-hoorism, disrespect for the rules of the road, lack of enforcement for the laws of the land and sense of immortality while driving, has given us the insurance market we deserve.

What's this "we" business, paleface??

Del2005

jimgoose wrote: »

What's this "we" business, paleface??

Statistics. It can be proven that the Irish have a healthy disrespect for the law, due to the fact most aren't enforced. But it could also be proven that we are all law abiding citizens. You just choose which statistic gives you the answer you want and insurance companies use the we're all irresponsible driver's answer.

oldyouth

jimgoose wrote: »

What's this "we" business, paleface??

"We", the citizens of The Republic of Ireland. I thought it was obvious Tonto

Cleveland Hot Pocket

jimgoose wrote: »

What's this "we" business, paleface??

I guess it is a generalization, and all generalizations are false.

(I'm so witty :P)

peteb2

Cleveland Hot Pocket wrote: »

I guess it is a generalization, and all generalizations are false.

(I'm so witty :P)

Thats a bit of a generalisation isn't it?? :P

jimgoose

Del2005 wrote: »

Statistics. It can be proven that the Irish have a healthy disrespect for the law, due to the fact most aren't enforced. But it could also be proven that we are all law abiding citizens. You just choose which statistic gives you the answer you want and insurance companies use the we're all irresponsible driver's answer.

Which only goes to show. Statistics, like firearms, credit-cards and strong liquor, should be kept away from children and imbeciles.

Cleveland Hot Pocket

peteb2 wrote: »

Thats a bit of a generalisation isn't it?? :P

I say, my remark may have been an attempt at some comedic laughs, old boy

mikeyboo

thinking of cleaning and small bit of selling/ am i better off just doing it on the quite or goin legal, do you need to prove how much you make at the end of every yr for tax to renew it each yr?

peteb2

wouldn't have thought any type of tax avoidance talk was allowed around these parts.