Comprehensive Auto Dealers Insurance
We make it easy to compare rates on used auto dealership insurance from multiple top-rated companies.
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.
Auto dealers insurance rates have been increasing year over year… Not at Insured ASAP.
Looking for an affordable automobile dealership 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:
- Auto Dealers 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 car 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 insurance 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.
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 Body Shop
- Auto Detailing
- Auto Repair
- Auto Painting
- Car Wash
- Gas Station
- Mobile Auto Repair
- Oil or Lube Service
- Parking Garages
- Tire Repair & Sales
- Used Auto Dealership
- Window Tint Shop
- Windshield Repair Shop
- Tow Truck
Auto Dealers Insurance Application
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:
- Arizona Used Auto Dealers License Application
- Colorado Used Auto Dealers License Application
- Illinois Used Auto Dealers License Application
- Indiana Used Auto Dealers License Application
- Iowa Used Auto Dealers Application
- Kansas Used Auto Dealers Application
- Minnesota Used Auto Dealers License Application
- Missouri Used Auto Dealers License Application
- Oklahoma Used Auto Dealers License Application
- Texas Used Auto Dealers License Application
Insured ASAP can help determine the specific coverage(s) you may need and help to find the most affordable solution for your small business. 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. We provide dealers garage liability insurance, dealers open lot, physical damage, and garage keepers insurance quotes to all dealers in:
- New Mexico
Start a Quote
Our Chicago based agents are experienced with all types of automobile dealership requirements and are available to answer any questions. Please feel free to call our office at (800) 641-7488 for more information or for an auto dealers insurance quote.