Does my lease contract include insurance?
Our Complete Care package includes insurance, along with maintenance and breakdown cover - all for a fixed monthly rental. It's a great way to save yourself the time and hassle of comparing insurance quotes every year.
For vehicles not on a Complete Care package, you are responsible for arranging your own insurance for the vehicle.
Although insurance is not included, a lease contract includes many benefits, including free mainland GB delivery (exclusions apply), the full manufacturer's warranty (from date of registration), breakdown recovery and road tax.
What type of vehicle insurance do I need for my leased vehicle?
Leased vehicles must be insured on a fully comprehensive insurance policy, which covers the full cost of repairing any damage to your vehicle, as well as third-party property, in the event of an accident.
Please inform your insurance provider of the following information when arranging the policy:
- The hirer obtaining finance must be the main policy holder on the insurance certificate
- The vehicle is a leased vehicle
- The registered owner and keeper of the vehicle is the finance provider
When do I have to insure my lease vehicle?
Once your vehicle has arrived at the dealership and all necessary checks have been completed, we will contact you to arrange delivery and confirm your vehicle registration. It is at this point that you can arrange your vehicle insurance in anticipation for delivery.
Your new lease vehicle needs to be insured from the day of delivery and must remain insured until the finance provider collects your vehicle. Proof of insurance is required before delivery can take place and the certificate must show your name, registration number and must be dated on or before your delivery date. If the above is not adhered to we may request further information from you.
Is insurance on a leased car cheaper?
Insurance for a leased car is often more expensive than insurance for a car you own outright because most leasing companies will require you to buy a comprehensive auto insurance policy. However, you might still be able to bring your rate down to a number you are happy with by shopping around or considering a policy that rewards careful drivers.
Who must be the policy holder on the insurance certificate?
For personal lease agreements, the hirer obtaining finance must be the main policy holder on the insurance certificate.
For business lease agreements, the insurance certificate should be in the company name or a director's name. If an employee is required to drive the vehicle, a letter on company headed paper may be requested confirming that the employee is authorised to drive the vehicle and confirming his/her position in the company.