(800) 641-7488 
Do you need auto dealers’ insurance to legally operate your business? Insured ASAP can help. We make it easy to compare rates on used auto dealership insurance from multiple top-rated insurance companies.
Whether you specialize in family sedans, heavy-duty work trucks, or recreational vehicles, we have the experience to protect your specific inventory. We proudly serve a wide range of automotive retailers, including:
- Car dealerships
- Truck dealerships
- RV dealerships
- … and more
As an independent insurance agency, we work with many carriers that offer insurance packages specifically designed for auto dealers. There’s no one-size-fits-all solution—we’ll tailor a policy that fits your operation.
We understand the unique risks dealerships face. They include employee liability, high customer foot traffic, and even losses due to false information from buyers. That’s why we help build policies that go beyond basic coverage.
Are you looking for an affordable car dealership insurance quote? Contact us today by calling (800) 641-7488 for a fast, accurate quote.
What Are the Different Types of Car Dealer Insurance?
Insurance for auto dealers is different from other types of business insurance. Your operation is a unique mix of a public retail space, a service center, and a high-value inventory lot.
To address these multifaceted risks, a standard business policy simply won’t suffice. Instead, a comprehensive dealer’s insurance policy is built around several core components that work together:
- Garage liability
- Dealers open lot
- General liability
- Workers’ compensation
Each of these coverages plays a crucial and distinct role. Understanding how they function is key to ensuring your business is fully protected without any dangerous gaps. Let’s break down what each one covers, starting with the cornerstone of any auto dealer’s policy: garage liability.
Garage Liability Insurance
Car dealers are required to carry garage liability insurance. Garage liability insurance expands upon a dealership’s general liability policy to cover bodily injury and property damage resulting from direct garage operations.
Coverage applies to customers injured on business grounds. It also covers damages resulting from products installed or services provided.
Garage liability insurance does not cover damage to or loss of a customer’s vehicle while in the dealership’s care. This is covered under a separate garagekeepers liability policy.
Dealer Plate Insurance
Dealer plate insurance is just another name for garage liability insurance. It provides the auto liability insurance your used auto dealership needs.
Dealers Open Lot Insurance (Physical Damage)
Dealer open lot insurance offers protection against physical damage for groups of vehicles owned and intended for sale by licensed car dealerships.
This type of insurance covers damage caused by:
- Fire
- Theft
- Vandalism
- Damage during transportation
- Severe weather such as flooding, hail, and earthquakes
This type of insurance is extremely important for preserving your business in unfortunate circumstances. It may be required if your dealership is financed through a floor plan provider like NextGear Capital or Automotive Finance Corporation.
Garagekeepers Liability
Businesses that service or store client vehicles must carry garagekeepers’ liability insurance. If you’re an auto dealer with a repair shop, body shop, or other similar service(s), garagekeepers’ liability is necessary to protect your business.
In addition to car dealerships, other types of businesses that need garagekeepers’ liability insurance include:
- Car wash
- Gas station
- Tire repair & sales
- Used auto dealership
- Tow truck
- Auto body shop
- Auto detailing
- Auto repair
- Auto painting
- Mobile auto repair
- Oil or lube service
- Parking garages
- Window tint shop
- Windshield repair shop
The common thread here isn’t the name on the sign, but the service being offered. If your business takes ‘care, custody, and control’ of a customer’s vehicle, Garagekeepers’ Liability is non-negotiable protection against potential claims and damage to your reputation.
Once we’ve secured this critical protection for your clients’ property, look at the other vehicles involved in your business.
Additional Auto Dealer Coverages
Depending on your business operations, additional coverages may be needed. Insured ASAP can help you determine if the following apply:
-
Garage-owned autos
: This protects vehicles owned and operated by your business that are being held for sale.
-
Hired autos
: Covers vehicles you or employees rent or borrow for business use.
-
Non-owned autos
: Protects when employees use personal vehicles for business purposes.
-
Newly acquired autos
: Automatically covers newly acquired inventory during the policy period.
These endorsements transform a standard policy into a truly customized shield for your business. One of our experienced agents will ask the right questions about your daily operations to ensure no potential liability gaps are left open.
Illinois Auto Dealers Insurance Application
Call our office at (800) 641-7488 for an auto dealer’s insurance application.
Used Car Dealer Insurance
Used car dealerships face unique risks, from managing large inventories to interacting with hundreds of customers every month. Whether you operate a small lot or a multi-location business, you need insurance that reflects the realities of your day-to-day operations.
Insurance for used car dealers typically includes:
- Garage liability
- Physical damage coverage for your vehicles
- Protection for vehicles in your care
It may also extend to employee-related liability, false buyer information, and more. We work with top-rated carriers to tailor policies specifically for used car dealerships. This will help you stay compliant and protected without overpaying. Whether you need used auto dealer insurance in Chicago or elsewhere, we are ready to help you.
Our Agents Understand Your State Licensing Requirements
Insured ASAP is a leader in used automobile dealership insurance. We provide dealers’ garage liability insurance, dealers’ open lot, physical damage, and garage keepers insurance quotes to all dealers in the following states:
This multi-state experience means we understand the nuances that can impact your policy and your compliance. Whether you need auto dealer insurance in Chicago or any of these other locations, you can be confident you’re working with a team that knows your local requirements inside and out.
Get a Quote Today
Our Chicago-based agents are experienced with all auto dealers’ insurance programs. This includes all types of auto dealer insurance in Illinois. They are always available to answer any of your questions. We’ll help you determine exactly what coverages your dealership needs and build a policy around it. Please call our office at (800) 641-7488 for more information or an auto dealer’s insurance quote.
(800) 641-7488