Scrap Dealer Insurance

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Why Compare Cheap Scrap Insurance Quotes With SimplyQuote?

SimplyQuote’s online comparison tool simplifies the entire quote sourcing and comparison process. Plus, it is completely free to use!

Forget the hassle and stress when comparing numerous scrap metal insurance quotes from multiple UK insurance providers and use SimplyQuote today.

Whether you’re a full-time scrap dealer or occasionally dabble in scrap metal removal part-time – you can’t go wrong with SimplyQuote on your side!

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Why Do You Need Scrap Metal Insurance?

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What Does Scrap Metal Insurance Cover?

What Levels Of Scrap Insurance Can You Get?

While there aren’t different levels of scrap metal insurance per se, there are three main levels of road risk insurance you can opt for:

Third-party only (TPO)

Offers protection against third-party claims should someone of the general public (and/or their property) become injured or damaged by one of your vehicle transporters. This is the bare minimum road risk insurance required by law.

Third-party, fire and theft (TPFT)

This level of cover will compensate you if your vehicle transporters are damaged in a fire or are stolen, as well as basic TPO cover.

Fully comprehensive

This is the maximum level of road risk cover you can get. It includes both TPO and TPFT levels and covers medical expenses (should you/your drivers sustain injuries) and repair costs of your transport vehicles if they’re in an accident.

What types of scrap insurance are available?

What Is The Cost Of Scrap Metal Insurance?

Cover TypeAnnual Cost (£)
Third-party only £318
Third-party fire and theft £382
Fully comprehensive £477

How Can Scrap Metal Dealers Get Cheaper Insurance Rates?

How To Compare Scrap Insurance Quotes With SimplyQuote?

It’s easy for motor trade businesses carrying scrap metal to compare insurance quotes with SimplyQuote:

  1. Fill in a quick questionnaire: Provide a few personal and business details.
  2. Choose optional extras: Choose which additional cover you want to include.
  3. Compare quotes: Find and compare quotes quickly and effortlessly.
  4. Save money: Start saving on your scrap insurance premiums today!
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Frequently Asked Questions

What is scrap metal insurance?

Scrap metal insurance is a type of commercial insurance that is specifically designed to protect scrap businesses from financial loss.

Is scrap dealer insurance compulsory?

Yes, anyone operating in the scrap metal industry is legally required to have scrap dealer insurance. This means, anyone carrying scrap metal, whether full- or part-time, needs this type of cover.

What defines a scrap metal dealer in the UK?

According to the Basildon Council’s Scrap Metal Dealer Policy, scrap metal dealers are defined by:

  1. Recovering parts from motor vehicles that are salvageable (or from motor trade businesses) for reuse or selling the remains of vehicles for scrap.
  2. Purchasing written-off cars to repair or resell.
  3. Selling or purchasing motor vehicles that will undergo any of the activities mentioned in (1) or (2).
How much is a scrap metal site licence in the UK?

Site licences in the UK are approximately £468. You could face a £5,000 fine if you do not have the required licences in place.