company car

lilys-dad

Hi all

Im going for a job that has a company car included

Ive never had a company car before so i dont understand a few things

one of these things is if i get a company car / lease car will i have to pay my own insurance?

if i don't have to pay what happens to my 10 years ncb that i have built up?

thanks

missile

Company will pay for car insurance.

You will lose NCB entitlement - after two years most insurers will disregard your ncb.

You may find employer will have an alternate, i.e. where they give a generous allowance for you to buy/lease your own car.

lilys-dad

oh ok

so i could for example keep my little old 1.0 corsa and keep it insured to keep my ncb whilst i have a company car or sell it and get my self a sporty little number for the weekends

forgotmyname

Buy a little cheap sporty number. Insure it for a week to take advantage of the summer

Then cancel the policy and receive another proof of no claims.

thenudeone

If you have a partner with a car then each insure the car in your name for alternate years, then you both keep your NCD; but be sure to be truthful about who owns the car and who's the main driver, when getting insurance.

opinions4u

Many insurers will recognise NCB from somebody leaving a company car scheme.

No need to keep a car you won't use.

That said, many employers will offer a cash alternative to a company car and let you ake your own arrangements.