Used Car Dealers Insurance Program from Cochrane & Company
If you're an agent or broker seeking a reliable market for used car dealerships and related vehicle sales operations, Cochrane & Company offers a flexible and responsive Used Car Dealers Insurance program. Designed for independent dealers across multiple vehicle classes, this program is ideal for clients looking for comprehensive garage coverage—even if they are new ventures with prior industry experience.
Ideal Accounts and Appetite
This program is built for a wide range of automotive sales operations, including those with niche or specialty vehicles. Common target accounts include:
- Independent used car dealerships
- RV and travel trailer dealers
- Heavy truck and equipment resellers
- Motorcycle, ATV, and snowmobile dealers
- Boat dealers (excluding on-water exposures)
New ventures are acceptable when the insured has prior experience in automotive sales or operations, making this a strong option for start-up dealerships transitioning from other roles in the industry.
Coverage Highlights and Advantages
The Used Car Dealers Insurance program provides essential garage coverages tailored to the unique risks associated with vehicle sales. Key coverages include:
- Dealer’s Open Lot Coverage – for physical damage to vehicles held for sale
- Garage Liability – protects against third-party bodily injury and property damage
- Customized Questionnaires – for RVs, motorcycles, ATVs, and snowmobiles to ensure proper underwriting and rating
Underwriting Notes and Submission Requirements
To streamline the quoting process, agents should submit the following:
- Completed Garage Application
- RV Questionnaire (if applicable)
- Motorcycle and Off-Road Vehicle Questionnaire (if applicable)
Minimum premiums vary based on account size and risk profile. The program is underwritten on a non-admitted basis through various carriers.
Unacceptable Risks
Certain operations fall outside the program’s underwriting appetite, including:
- Franchised dealerships selling cars, trucks, truck tractors, or semi-trailers
- Shops engaged in custom frame modification or fabrication
Territories and Availability
This program is available to agents and brokers placing business in the following states: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Washington, and Wyoming.
Why Work with Cochrane & Company?
As a Managing General Agency with deep experience in niche commercial risks, Cochrane & Company offers access to competitive markets and knowledgeable underwriters. Whether you're placing a small used car lot or a multi-unit RV dealership, Cochrane provides the tools and support you need to deliver strong solutions to your clients.
If you’re looking for a responsive partner to help you place your next dealership account, Cochrane & Company is ready to assist.