Do I get insurance in my lease?
When driving any vehicle, it is the law that there must be appropriate insurance on the vehicle. You must have full comprehensive insurance.
Unfortunately, Evans Halshaw Leasing do not offer any type of insurance with their lease vehicles, this will need to be done independently but, we are able to give advice on insurance.
We will go through all there is no know about insurance on lease vehicles below.
Who owns the vehicle?
When purchasing your insurance, one of the questions always asked is, who is the owner of the vehicle. The answer to this is the finance company.
You will need to make your insurance provider aware of this when setting up your policy but you will be told who the company is prior to delivery.
When should I get my car insured?
When purchasing your insurance, one of the questions always asked is, who is the owner of the vehicle. The answer to this is the finance company.
You will need to make your insurance provider aware of this when setting up your policy but you will be told who the company is prior to delivery.
Any tips on getting the cheapest insurance rates on my leased car?
There are a lot of ways to get your insurance premium down, here’s a few that work best for our customers.
Adding an additional driver
The person leasing the vehicle will need to be the first owner. When there is a more experienced driver with no convictions, claims etc, on your insurance it drops the quote down massively. The difference in price will depend on how experienced the driver is and there location, job title and age.
Check the insurance group of the vehicle
All vehicles are part of an insurance group that will have high or low value when getting insurance quotes. For example, a more expensive, powerful car, will be a lot more to insure compared to a smaller, low engine sized car. Click the button to find out more on insurance groups and ensure that the car you’re after is within your insurance budget.
It’s always best to check comparison websites
Comparison sites allow you to compare quotes for the same car with multiple insurance providers and can allow you to find out the best price. Using websites like:
Not all insurance providers are on comparison websites, and there are some that will be cheaper, you just need to look around if you really want to save!
High Excess
Having a higher excess on your insurance will mean that your premium goes down, however, if you are involved in a road traffic accident, then you will have to pay the higher excess if you are deemed at fault.
Pay your insurance annually
Paying monthly for your insurance will always be more expensive, as you are paying for a more convenient service. If you can afford it and budgeted correctly, it’s always best to pay for insurance in full, annually. This also means you don’t need to worry about even more monthly bills, on top of your lease vehicle payments
Found the perfect quote?
Congrats, now its time for some negotiation. If you call up the providers with your reference number and ask them if there is any chance you can get a better price, they will more than likely be able to help out and save you even more money. Its always useful to have some ‘better’ prices from competitors to use
Don’t forget to use cashback sites to save you even more money
If you were unlucky and not able to purchase over the phone or they didn’t send you your new quote online, then you can use websites like TopCashback to get even more money back. Just go through the site, enter all your details again and make sure you purchase your insurance through the tracked web page and after its all been verified, you will have saved yourself some money with cashback in your account.
Can I add a private registration to a lease car?
It is possible to place a personalised number plate on any of our vehicles. Please advise your Consumer Administrator once the order has been placed and we can advise the process and costs depending on which finance provider you are using
