NCB TO Company car

drmouse

Hi all

I have just ordered my first ever company car through my own company.

While I have seen lots of info about using NCB earned while driving a company car for a personal car, I have seen none about doing so the other way around: Using your own NCB earned on a personal car to reduce the premium on your company car. I guess it's not normally an issue as your employer is paying for it and you don't have to think about the cost, but as it's my own company I'd prefer to keep costs down.

Does anyone know if this is possible?

Thanks in advance

DCFC79

drmouse wrote: »

Hi all

I have just ordered my first ever company car through my own company.

While I have seen lots of info about using NCB earned while driving a company car for a personal car, I have seen none about doing so the other way around: Using your own NCB earned on a personal car to reduce the premium on your company car. I guess it's not normally an issue as your employer is paying for it and you don't have to think about the cost, but as it's my own company I'd prefer to keep costs down.

Does anyone know if this is possible?

Thanks in advance

Ask your insurer.

BoGoF

Surely your employer is insuring the car?

drmouse

Yes, my employer is paying for the insurance. However, my employer is a company I own.

unforeseen

The company is an entity in its own right. It is not you.

It's a bit like asking whether your mate can use your NCB on a car he bought.

drmouse

I understand that my company is a separate legal entity. However, many insurers will allow transfer of NCD from a company car policy to a personal one, so I was enquiring whether anyone knew if it was possible to do so the other way around.

unforeseen

drmouse wrote: »

I understand that my company is a separate legal entity. However, many insurers will allow transfer of NCD from a company car policy to a personal one, so I was enquiring whether anyone knew if it was possible to do so the other way around.

NCD isn't transferred. They take into account the letter stating that you have had no claims in the x years that you have had the company car. They may grant you none, some or all of those years asNCD on a personal policy.

The letter will be from somebody such as the fleet manager or leasing company.

If you think about it a different way then if you have zero NCD and briefly have a director with 10 years NCD, then who's NCD record should be used for the insurance?