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[JamesV6CDX]

I just got a Tradex quote for full trade cover - cheaper than my personal policy!!!

[Elite Pete]

I've recently been quoted upto £700 quid. told them to stick it and i'll keep on with the day policies

[JamesV6CDX]

I've recently been quoted upto £700 quid. told them to stick it and i'll keep on with the day policies

Trade insurance would be ideal - you can drive anything!!

[Elite Pete]

I've recently been quoted upto £700 quid. told them to stick it and i'll keep on with the day policies

Trade insurance would be ideal - you can drive anything!!

Not at £700 it wouldn't, both me and the wife pay under £200 a year fully comp so to replace it with a trade policy at £700 doesn't make sense.

[Ian_D]

It is sometimes rumoured that people in your position buy themselves a little Fiesta and get fully comp insurance on it.
The reason for fully comp is that the policyholder gets to drive any other vehicle not belonging to him or her, but will only be covered for the minimal 3rd party risks as required by law.

Now strictly speaking I would have to advise you not to do this as it is illegal because you are running a business and that type of insurance is for private use only.

However, I'll also add that I've never known anyone to get caught.

Not all companys offer that anymore, and most (including direct line) you need to be 25 or older...

[KillerWatt]

As soon as the vehicle is purchased at auction, it then "belongs" to him ... so he would NOT be covered under those terms. It is also a requirement under those terms that the vehicle is insured by its true owner.

If his business partner purchased the car, then it's not his.
But let's not split hairs, we both know he'd be screwed if he had an accident and it was discovered he was a trader as opposed to private user...that's why I said it would be illegal.

The only legal solution I can see that might help, is if someone older set up a limited company, arranged all the insurance details and employed the OP. He could then be covered as the employed driver.

I have no idea if this would be cheaper or not. 

Good shout nonetheless.