Whats the crack with these I've always assumed you have to be a car 'trader' who buys and sells etc. But a lad I know has just bought a mint 3 door Sierra Cosworth and I asked him how much his insurance was. He just said 'I'm on a traders policy so it doesnt make any difference' So I asked him how many cars do you have to sell to get that policy and he looked at me as if I was daft and replied 'I haven't sold any!!!'

 

This is his 5th car if that makes any difference

TBH Pete, i know a lad on an escos, he's on one of these policies, and thast his only car!

TBH Pete, i know a lad on an escos, he's on one of these policies, and thast his only car!

Now I'm even more curious

TBH Pete, i know a lad on an escos, he's on one of these policies, and thast his only car! 

Now I'm even more curious

Me too, he's 26, been banned twice from driving (1 Drink driving, 1 dangerous driving, even went to prison for that one) yet he still gets FC 1600quid on an escos.

I thought trader policies were around £500-£600

I thought trader policies were around £500-£600

Thats what he told me dude. He said he rang one company up, and they suggested he do it this way, or he wouldnbt be able to get insured!

Hmm......more investigation required

most traders policys are about a grand and most of them u have to be 25 to have 1 some are 21 but u are limited to only 2.0ltr engine im doin it next year hopfully will be about £1500 for me as i will be 21 so its not bad thing to get and u dont have to sell any cars to have it

Do you still get NCB?????

Do you still get NCB?????

no m8

balls to that then. Wouldnt bother with it. I would far rather gather NCB up and have Pee cheap insurance in 5 years time than have steep insurance on a really nice car now and still have really steep insurance in 5 years time.

balls to that then. Wouldnt bother with it. I would far rather gather NCB up and have Pee cheap insurance in 5 years time than have steep insurance on a really nice car now and still have really steep insurance in 5 years time.

yeah but think about it if u wanted to get a mk1/2 scort for messin around in u wouldnt have to have 2 policies u acn own as many cars as u want

just try claiming when you need to....

 

or when you put it into a ditch when not 'on business'...

didnt Ian come stuck with this kind of policy a while back???

I have a traders policy, cost me £360 TPFT. will prob never claim unless my supra gets nicked, had the policy for 3 years now, and as far as i know i still have full no claims.

Biggest down side, if i do have to claim i won't get any more than bottom trade value for it.