Used Auto Dealers Insurance

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auto dealers insurance

Insured ASAP Insurance Agency provides affordable auto dealers insurance to used car dealerships, truck dealers, rv dealers and more.  Whether your used auto dealer is small or large, Insured ASAP has a solution for you.  As an independent insurance agency, we work with many carriers that offer insurance packages specifically designed for auto dealers. 

Looking for an affordable auto dealers insurance quote?  Look no further!  Insured ASAP is a leading provider of auto dealers insurance in the nation.  

Contact us today for a quick quote: (800) 641-7488

What Insurance Does a Used Car Dealership Need?

Insurance for used automobile dealerships differ from other forms of business insurance.  Auto dealerships face a different set of risks that other business may not have to worry about.

Typically, a used auto dealers’ insurance package consists of essential coverages every auto dealer should have.  These coverages include:

  • Garage Liability
  • Dealers Open Lot 
  • Dealers Physical Damage
  • General Liability
  • Workers Compensation

Dealers Garage Liability Insurance

Auto dealers are required to carry garage liability insurance.  Garage Liability insurance is basically two types of liability coverage – General Liability for your business, and Auto Liability for when vehicles are driven.  The following coverages are included on an auto dealers garage liability insurance policy:
  • Bodily Injury
  • Property Damage
  • Medical Payments
  • Uninsured Motorist
  • Underinsured Motorist

Dealer Plate Insurance

Almost all auto dealers use dealer plates in regular day-to-day operations.  Dealer plate insurance is just another name for garage liability insurance.  Garage liability provides coverage on any dealers’ car that is out for test drives or being transported to and from lots or auctions.

Dealers Open Lot Insurance

Used car dealerships who need to protect their inventory need physical damage insurance, which is typically known as dealers open lot.  If your dealership sells higher value vehicles, or has a floorplan or inventory financing, open lot insurance is a requirement.  

Optionally, auto dealers can opt in for false pretense coverage.  False pretense is an endorsement, or addition, to open lot insurance coverage that protects the dealership in the event of a loss caused by fraud.

What is Dealers Open Lot Insurance?

Simply put, dealers open lot is a physical damage policy that auto dealerships can buy to protect their inventory.  This coverage protect a dealership’s owned vehicles in the event of an auto accident or loss due to theft, fire, flood, vandalism and more.
 

Garagekeepers Liability 

Businesses who service or store a clients’ vehicle must carry garagekeepers liability insurance, or GKLL.  If you’re an auto dealer that has a repair shop, body shop or provide other similar service(s), garagekeepers liability is necessary to protect your business.

Besides car dealerships, other types of businesses that need garagekeepers liability insurance include:

Auto Dealers Insurance Application

 

Auto Dealers Insurance Application

Ready to start an affordable auto dealers insurance quote?  Download and fill out our used auto dealers insurance application.  Rather do it by phone?  Feel free to call our office at (800) 641-7488.

Used Car Dealership License Application 

To help those looking for a used auto dealers application, Insured ASAP has compiled information from certain states:

Insured ASAP can help determine the specific coverage(s) you may need and help to find the most affordable solution for your small business in Illinois.  Garage liability is the base of any dealers insurance policy and depending on your specific business’ operations, certain coverages may be added on.

Auto Dealers Insurance Company

Insured ASAP is a leader in used automobile dealership insurance.  Our experienced agents are available to answer any questions.  Please feel free to call our office at (800) 641-7488.

Save up to 38% online. Get a FREE quote now!

    
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Bridgeview Location

Insured ASAP
7213 W. 84th St.
Bridgeview, IL 60455
 
 📲 (708) 233-4848
 

Opening Hours

Monday: 9:00 am – 5:00 pm
Tuesday: 9:00 am – 5:00 pm
Wed.: 9:00 am – 5:00 pm
Thursday: 9:00 am – 5:00 pm
Friday: 9:00 am – 5:00 pm
Saturday: 10:00 am – 3:00 pm
Sunday: Closed

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