Scrap Metal Insurance

Easy payment options available, Compare multiple quotes, Compare providers for Northern Ireland insurance

What insurance do I need to carry scrap metal?

If you are a dealer in scrap metal you will need specialist insurance to cover your commercial vehicles including vans, trucks and HGV vehicles. A scrap dealer insurance policy will cover anybody dealing in scrap metal, including scarp metal recycle, salvage yard, or a breaker's yard.

Insurance Quotes NI works in partnership with QuoteZone who provide a simple form which once completed is submitted to a specialist panel of brokers. Complete one simple form which is submitted to a specialist panel of brokers. The panel can provide quotes for scrap metal dealers, including new ventures and part time scrap to recycle. The panel specialise in providing quotes for scrap metal dealer insurance and can easily tailor polices to your exact requirements. Getting multiple quotes is easy, complete one form to start comparing offers.

How much does scrap metal yard insurance cost?

The cost of scrapyard insurance will depend on the level of cover required and will depend on a range of factors relating to your type of business. Each policy can be tailored to your needs, but most polices will include

Location : If you live in a high congested area with a rate of road accidents expect to pay a slightly higher premium, this is also true if the location has a high theft rate.
Business Size : If you are a big operator with staff, you will pose more risks than for example a sole operator,
Extras – The more risks that you need covered, the higher your premium is likely to be.
Claims history – If you have a history of making lots of claims, this will also be reflected in the final premium cost that you are quoted.

What insurance do you need to carry scrap metal?

If your yard or holding area is open to the public you will need public liability insurance, this is particularly true if you let customers rummage through the scrapyard. It is important to follow all safety standards to make the public area safe to the public. If you are using vehicles to transport scrap materials, you will need specialist insurance similar to motor trade insurance

Scrap metal van insurance

If you are using a van or large truck or tipper to collect or deliver scrap materials, you will need specialist scrap metal van insurance. Scrap metal van insurance is available at three different levels, like NI car insurance

Third Party : Provide cover against third party claims for injury or property / vehicle damage
Third Party with Fire and Theft : Third party cover with additional cover for fire and theft.
Fully Comprehensive – This provides cover for your own vehicles and also cover for third party claims, regardless of fault.

How can I get cheap scrap metal insurance?

Like most types of insurance, if you can take steps to lower your risk profile, then you should be rewarded with a cheaper insurance quote. Below, we have highlighted some steps or procedures that can be implemented to help lower overall costs.

One payment : If possible, paying for your insurance upfront will avoid having to pay any extra admin or interest fees.
Named Drivers : Select drivers that hold a clean licence and age over 25 and restrict your policy to named drivers as opposed to any driver insurance.
Secure Parking – Keep your vehicles locked up when not in operation, consider installing an alarm or other extra feature that may be advised by an insurance provider.
Excess – By accepting a higher excess, most insurance companies will reduce the scrap metal insurance premium.

Also, always compare quotes from a wide range of providers come renewal time, use comparative sites and go direct to smaller insurance brokers that may not be represented on comparison sites.