Post-lease-car NCD

Integr8

Hi, I've just had to hand my lease car back after moving jobs and I am buying a private car, so I was wondering about the situation.

Before the lease car I had 9 years no claims. I had the lease car for 18 months and during that time I had one non-fault accident. This claim was resolved in my favour and can evidence this.

The lease car was insured as part of the lease agreement and I was the main driver, it wasn't a pool car and I used it mainly for personal use and commuting.

The lease company assure me their insurers are happy to provide evidence of claim history over that time, and I'm just waiting for it.

So as far as I understand the threads I've read, I should be OK but it will depend on the new insurance company.

I have got a number of quotes from comparison sites but I understand these don't tell me how the companies would treat my situation. Do I have to phone each company in turn to explain my situation before I know which is the best, or are there a few safe bets to try first?

stator

I guess ringing around is your only choice

forgotmyname

Even though it came out in your favour insurers will want to know for upto 5 years from the date of the incident.

InsideInsurance

So was it a company car or a private lease?

Integr8

It was technically a company car. It was a salary sacrifice lease car provided via work, for which I paid the lease myself and the BIK tax but got the lease payments taken off gross pay. Insurance was part of the package.

forgotmyname wrote: »

Even though it came out in your favour insurers will want to know for upto 5 years from the date of the incident.

Oh yes I've already declared it on the quotes, it's just how it affects the NCD per se. In theory it shouldn't but you never know and it's complicated by the short period of leasing.

Guess I am just going to have to ring round, targeting the cheaper companies on the comparison sites. At the moment Sainsbury's bank are the cheapest

InsideInsurance

Some insurers will accept a company car NCD but may treat it slightly differently from a "true" NCD. Some of the aggregators do have the ability for you to specify the source of your NCD such as company cars to help shortlist the insurers/ brokers that will accept it.

The normal proof is a letter from your employers or their insurers. If you use this in conjunction with your proof of NCD before getting the company car then hopefully you shouldnt lose out too much but be sure to speak to the insurer/ broker BEFORE buying to confirm they are happy with the combined proof

Integr8

I spoke to Sainsbury's bank and Hastings Direct, two of the lowest quoters. Both were happy to take the previous proof of 9 years' NCD from before the lease car, as it is less than two years old. It was not possible with either to combine it with the proof of the lease no claims but as (at least with Sainsbury's), 9 years was the max NCD this was no hardship. Sainbury's said they need the proof of NCD from the last private policy (<2 yrs old) plus a covering letter explaining the reason for the gap.