When it comes to leasing a car or van, you are bound to have some questions about insurance and how to insure your new lease vehicle. Check out our guide below with helpful tips on getting insurance.
When it comes to leasing a car or van, you are bound to have some questions about insurance. To put it bluntly, as with any vehicle (whether you lease, rent or own it), you are required to have motor insurance when you drive on UK roads.
We currently do not offer car leasing with insurance packages with our lease deals so we have listed some frequently asked questions that we receive about car insurance as well as a collection of helpful tips so that you can find the best car insurance for your lease car.
All leased vehicles (cars or vans) are required to have full comprehensive insurance. Fully comprehensive cover means that the insurance will cover the full cost of any repairs that are required.
It is best to organise your insurance when you have received a confirmed delivery date and vehicle registration from us. Your insurance policy should last from the day of delivery all the way until the day it is collected at the end of the contract.
For personal leasing, the policyholder must be the person who has taken out the hire agreement and has had a credit check in their name.
For a business lease, the policy should be in the company’s name (company on the hire agreement) or a director’s name.
The registered keeper of the vehicle is the finance company who you have taken your leasing agreement through. This is for both personal and business leasing. This is a question usually asked by insurance companies as they need to be aware of who owns the vehicle.
Your car is officially registered on the day that it is delivered (unless it is a pre-registered vehicle). As this is the case, the DVLA’s database takes some time to update so your registration may not appear on their system right away. Registration is used by insurance companies to fill out the details of the car, so it is not essential. You can just use the manual car configurator instead and attach your registration after.
If you are worried about an expensive insurance payment, you may need to take into consideration the type of car you are trying to lease as the car itself can affect your insurance payments as well as other factors.