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October 23, 2024

Motorway partners with Opteven to launch dealer warranty

Opteven partners with Motorway to launch new FCA-regulated insurance policy, giving dealers confidence when purchasing used-car stock online.

  • Motorway Protect covers dealers for up to £5,000 worth of unexpected mechanical issues, all for less than £30 a vehicle.
  • The new insurance policy is offered in partnership with industry leading Opteven UK, and is FCA regulated.

Motorway, the UK’s fastest-growing used car marketplace has announced the launch of Motorway Protect, a new insurance product powered by Opteven, leaders in warranty and mechanical breakdown across Europe. This product provides dealers with protection against sudden and unforeseen mechanical and electrical issues discovered after purchasing a vehicle. The policy aims to protect dealers from thousands of pounds in unexpected repair costs, preserving their margins.

At just £29.99 per vehicle, Motorway Protect provides excellent value and coverage, giving dealers peace of mind. Claims are managed through a convenient online portal – accessible 24/7 – offering complete transparency into the covered components, including alternators, gearboxes, and steering. Submitting a claim takes only a few minutes, and dealers can expect a prompt decision, typically within two hours.

With dealers using Motorway to acquire high quality, used car stock, Motorway Protect now covers dealers against unforeseeable mechanical and electrical faults.

James Wilson, COO, Motorway, said: “Every product and feature we launch, from fast, secure payments with Motorway Pay to hassle-free transport with Motorway Move, aims to enhance the car-buying experience for our dealer partners. Motorway Protect is no different. We know that unexpected mechanical and electrical issues can be costly and time-consuming. To address this, we’re introducing Motorway Protect, an industry-leading product, backed by trusted partners, at a highly competitive rate. The easy claims process and quick decision-making ensures a hassle-free experience, protecting dealers’ margins. We’re thrilled to offer this to our dealer partners.”

James Barr, Head of National Programmes at Opteven commented: “We are really excited to be partnering with Motorway. Motorway has a vision to build a better car market for everyone, harnessing the power of technology to deliver an amazing experience. In partnership with Opteven, this experience has now been further enhanced through the provision of a market leading insurance solution to give retailers that additional level of confidence when using Motorway.’’

Motorway Protect is valid from the day after payment and is eligible for vehicles up to 10 years old and 100,000 miles, with a claim limit of up to £5,000 per claim.

Eligible dealers wanting to start using Motorway Protect can register their interest here.