Derby Garage Owner Slashes Insurance Costs by 26% Through Motornomic Marketplace
Award-winning Stoney Cross Garage saves over £1,760 on motor trade insurance through industry-first collaboration between Motornomic and Covéa Insurance
Julian Hazeldine, owner of the award-winning Stoney Cross Garage in Derby, has achieved remarkable cost savings by leveraging a groundbreaking insurance scheme created exclusively for Motornomic Marketplace members by Coughlan Commercial Brokers and underwritten by Covéa Insurance.
The significant 26% reduction on the nearest comparative quote in his annual motor trade insurance premium – amounting to over £1,760 in savings – exemplifies the tangible benefits now available to independent garages through the recently launched Motornomic digital platform.
"I've been in business for over 15 years and have never seen insurance savings of this magnitude, especially at a time when everything else seems to be going up" said Hazeldine, whose garage was named Servicesure Autocentre of the Year in 2023.
The specialised insurance scheme, developed through collaboration between Motornomic, Coughlan Commercial Brokers, and Covéa Insurance, addresses the unique challenges faced by independent automotive businesses.
The program offers:
Comprehensive coverage specifically designed for Motor Trade businesses
Flexible terms accommodating various workshop configurations
Beating any like-for-like quote
0% interest on monthly payments, when the premium is over £7’000, spread across the year – another potential huge saving in it’s own right.
What distinguishes this program from traditional broker offerings is the data-driven approach and scale provided by the Motornomic network.
"This isn't simply about negotiating a modest discount," noted Lee Coughlan, Director at Coughlan Commercial Brokers. "We've fundamentally restructured how these businesses are underwritten by leveraging Covéa's innovative approach to risk assessment."
For Stoney Cross Garage, the insurance savings represent just one component of a comprehensive cost-reduction strategy implemented since joining the Motornomic Marketplace.
"The insurance savings were significant, but we're anticipating these sorts across multiple categories as we renegotiate new contracts and kit-out our newest site" added Hazeldine. "From workshop consumables to specialised diagnostic equipment, we're looking toward these double-digit percentage savings. For an independent garage with tight margins, that’s one lever that can transform our business economics."
