Used car marketplace Motorway has announced a significant upgrade to its insurance offering, Motorway Protect to cover over 90% of vehicles sold on the platform.
Motorway Protect, which was initially launched last year as an FCA-regulated insurance product through Opteven was designed to cover unforeseen mechanical and electrical issues post purchase.
As part of Motorway’s end-to-end dealer solution, Motorway Protect allows dealers to source, pay for, fund, insure, and transport quality stock on the platform.
With this latest update, the policy now extends to vehicles up to 15 years old or with mileage up to 150,000 miles.
The claim limit has also been raised to £10,000, while the claim window has been extended to five calendar days after collection with the price remaining at £29.99.
Dealers can submit claims through the online portal, with reviews completed by Opteven UK’s claims team within four working hours.
James Wilson, chief operating officer at Motorway, commenting on the upgrade, said: “We’re constantly looking for ways to improve the car-buying experience for our dealer partners, and enhancing our Protect insurance offering is the latest step in that journey.
“Even with our AI-driven vehicle profiling, there’s always some level of risk in used car purchases. Motorway Protect offers dealers vital reassurance, and there’s no other insurance product on the market that matches this level of coverage for a better price. It’s a smart way to protect both their purchases and their margins.”
James Barr, head of national programmes at Opteven UK, added: “We’re thrilled to announce these enhancements to Motorway Protect, which deliver even greater value to Motorway’s dealer network. By combining our industry-leading warranty solutions with Motorway’s innovative technology, we’re enabling dealers to buy with even greater confidence.”
Dealers already enrolled in Motorway Protect will automatically receive the upgraded coverage. Those interested in joining can register directly through the Motorway platform.