Used Car Dealers Insurance
Idaho Falls, Idaho Falls - Alta Insurance, Kaysville, Rexburg, Rigby, Twin Falls - Alta Insurance

At first glance, used car dealerships seem straightforward. There are the vehicles and the lot they sit on. Your used car dealership near you, its needs, and its risks are unique — just like you. However, there are some standard insurance policies and protections that every used car dealership owner in Utah and Idaho should consider.

Garage Liability Insurance

This is insurance for automotive businesses that covers the insured’s legal liability for damages to an injured third-party claimant. This liability can result from “operation of autos” and “other dealership operations” during the day-to-day operations.

Garage Keepers Insurance

Garage risks need both garage liability and garage keepers to fully protect their operations when the insured business is legally liable for damage to a customer’s auto while the vehicle is in the garage’s care, custody, and control.

Dealer Plate Insurance

Provides vehicle and driver protection for on-the-road test driving. At the time of a test drive, the vehicle is owned by the dealership, not the driver. With this insurance coverage, vehicles available for test drives are marked with unique license plates that indicate the necessary protection is in place for drivers to test unregistered and uninsured vehicles.

False Pretense Insurance

Endorsement that can be added to the garage insurance policy and changes the physical damage coverage portion of the garage coverage. It can protect you, as the insured, against losses you suffer due to the fraudulent acts of others — including criminal and intentional misrepresentation.

Dealers Open Lot Insurance

It’s common for a car dealer’s inventory to stay out in the open while on a lot. However, because the cars are left in the open, they can easily be damaged in collisions, inclement weather, vandalism, etc. With dealers open lot insurance in Idaho, you have financial protection against damage or destruction of vehicles while they are stored in an open lot.

Surety Bonds

While surety bonds aren’t necessarily a traditional form of insurance, they are required for used car dealership licenses in Idaho and Utah, as well as the other 48 states.

Do I need used car dealership insurance?

In all fifty states, including Idaho and Utah, you are required to have a surety bond before you can even obtain your used car dealership license. The required amount varies from state to state, but the need for a surety bond does not change. See details for each state:

• Idaho »
• Montana »
• Utah »
• Wyoming »

How much does used car dealership insurance cost in Idaho?

You run a unique business with a lot of different factors affecting your premiums. These factors include:

• The amount of coverage you need
• Your dealership’s location
• The square footage of your dealership
• Your dealership’s total business value
• Number of vehicles you have for sale
• Number of employees
• Security systems

As professionals in the field of used car dealership insurance in Idaho, we make it our business to know you and your concerns. We spend time learning and listening to better serve you, our clients.

You’ve worked hard to build your dealership. The next step is to protect it. We’ll assess your risks and help tailor an insurance policy for your used car dealership in Utah.

We’d love to chat with you. Contact us today!

Frequently Asked Questions

• Do truckers need general liability insurance? 

  General liability insurance is different from trucking liability insurance. They sound similar but cover very different things. You don't need it like you need trucking insurance, but it's still very beneficial coverage to have.  With general liability insurance, you cover things associated with business, not trucking or transportation themselves. A couple of these coverages include: 

  • Bodily injury and property damage that occurs due to a covered incident. 
  • Personal or advertising injury. 
• What does trucking insurance cover? 

  Every trucking insurance policy is a little different from the rest based on your or your company's needs. That said, there are several common coverages you can include when building your trucking liability insurance policy.

• How much does trucking insurance cost? 

  Your commercial trucking insurance premium can vary a lot from someone else's, even if you're in similar situations or have similar policies. Some factors that affect premiums include:

  • The type(s) of vehicles you're insuring.
  • How far vehicles are traveling per year.
  • Types of cargo. Drivers' driving records.
  • The location of your center of operations.
  • Standard operating radius.
  • How you store the vehicle(s).
  • Amount of coverage you opt for.

  As commercial trucking insurance professionals, we strive to know you and your worries. We spend time listening and learning to serve you better and help you find solutions. You've worked hard to build and promote your trucking operation. The next step is to protect it. We'll assess your risks and help you tailor an insurance policy. We'd love to chat with you. Contact Archibald Insurance Center today!

• Not sure which of these coverages is right for your construction firm?

  Our staff provides accurate and timely delivery of certificates of insurance. We also provide assistance and reviews of certificates and risk transfers. With our understanding of the design and administration of wrap-ups, we can help contractors navigate the construction defect litigation landscape. Our tailored risk management solutions enable contractors to respond to market fluctuations and better predict future costs.

• Who needs construction insurance?

  If you're in a construction business you should always have commercial insurance. Many businesses are required by their clients to carry specific coverages before they can work for them. Businesses involved in construction work often specialize in trades like:

  • Excavation
  • Home Improvement
  • Land Clearing
  • Remodeling
  • Home Building
  • Asphalt Laying
  • Welding
  • Fence & Deck Building
  • Concrete Laying
  • Stone & Granite Work
  • Roofing