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Company lease vehicle want to insure in my name to keep NCB

  • 23-07-2024 9:36am
    #1
    curiousJudg
    Registered Users Posts: 57 ✭✭


    Hi, the more I ring around the more confused I'm getting. I have a private policy on my own car, company (i am a director) are getting me a new lease vehicle. I will realistically mainly use the vehicle for private use probably 70 private 30 business or thereabouts. So, I want to insure the vehicle privately so that myself and partner can drive it - fbd tell me that I have to insure in company name and surrender my NCB to company to do so - is there another way?



Comments

  • #2
    coylemj
    Registered Users, Registered Users 2 Posts: 25,531 ✭✭✭✭coylemj


    If you want to take out a personal policy on a car, the Ts & Cs will typically require that you are both the owner and principal driver.

    There's no reason why a company policy can't cover your spouse to drive the car. Though the reason why you want to take out a policy in your own name is clear from the thread title.



  • #3
    curiousJudg
    Registered Users Posts: 57 ✭✭curiousJudg


    Thanks, yeah as the morning has gone on i've made peace with losing my NCB i.e giving it to the company - it's a lease vehicle so I can't transfer to my name as I could do if purchasing. The lease is 4 years, NCB will expire after 2 years anyway so I may as well transfer it to company I guess. Have been looking around and the likes of Kennco etc they say that if a letter is provided from company when moving from company insurance back to private they will take the NCB issue into account so I guess some form of discount may be allowed if I go back to private insurance.



  • #4
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,809 ✭✭✭✭galwaytt


    https://www.boards.ie/discussion/comment/122415605#Comment_122415605

    Givigng up your NCB is not a good idea.

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #5
    Esel
    Registered Users, Registered Users 2 Posts: 22,659 ✭✭✭✭Esel


    https://www.boards.ie/discussion/comment/122718919#Comment_122718919

    Definitely not.

    OP, before it expires in 2 years,you could get and insure a cheap car just to keep it alive. If you have a partner with a car, you could 'buy' and insure it. If a spouse's car, you don't even have to change ownership.

    Not your ornery onager



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