Auto Dealers Insurance

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. We provide affordable auto dealers insurance to:

• 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 specific 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. This is because dealerships face risks that other businesses do not have to worry about.

Typically, an auto dealers insurance package consists of the following essential coverages:

• Garage liability
• Dealers open lot
• General liability
• Workers’ compensation

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 it’s 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 the face of 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 that has a repair shop, body shop, or provides 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

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 – Covers damage to 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.

Auto Dealers Insurance Application

For an auto dealers insurance application, feel free to call our office at (800) 641-7488.

Used Car Dealer Insurance

Used car dealerships face a unique combination of 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:

 

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 feel free to call our office at (800) 641-7488 for more information or for an auto dealers insurance quote.