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Unable to get an EV car insurance quote (Company Policy)

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  • 26-06-2018 9:52am
    #1
    JackieChan
    Closed Accounts Posts: 1,829 ✭✭✭


    I've rang a few companies over the last week and I don't seem to be able to get a quote a Company owned EV vehicle where I am the named driver.

    Feedback from Insurers has been

    - My own company Allianz wouldn't quote.
    - Chill.ie told me they didn't cover company owned vehicles
    - Kenco, told me it needs to be a commercial vehicle
    - Axa took my details on Friday and said someone from new business would contact me back. Heard nothing and rang them back this morning and they said they would not cover this scenario either)

    I must be saying something wrong as I know others have gotten insurance. Should I be asking for commercial insurance?

    Can anyone advise of an insurer that can deal with this?
    Thanks


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    #2
    Shefwedfan
    Closed Accounts Posts: 18,958 ✭✭✭✭Shefwedfan


    JackieChan wrote: »
    I've rang a few companies over the last week and I don't seem to be able to get a quote a Company owned EV vehicle where I am the named driver.

    Feedback from Insurers has been

    - My own company Allianz wouldn't quote.
    - Chill.ie told me they didn't cover company owned vehicles
    - Kenco, told me it needs to be a commercial vehicle
    - Axa took my details on Friday and said someone from new business would contact me back. Heard nothing and rang them back this morning and they said they would not cover this scenario either)

    I must be saying something wrong as I know others have gotten insurance. Should I be asking for commercial insurance?

    Can anyone advise of an insurer that can deal with this?
    Thanks

    Ok a little bit confused. So the company has bought the car for you? but you have to pay for your own insurance?

    Normally the company buys the car and pays for insurance. If not the case then insurance will cover.

    Maybe I am wrong, I know when I had company car they provided the insurance......


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    #3
    ted1
    Registered Users Posts: 23,331 ✭✭✭✭ted1


    Call Arachas.ie if it’s a company car then the company needs to insure it as you can’t insure what you don’t own.


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    #4
    JackieChan
    Closed Accounts Posts: 1,829 ✭✭✭JackieChan


    Shefwedfan wrote: »
    Ok a little bit confused. So the company has bought the car for you? but you have to pay for your own insurance?

    Normally the company buys the car and pays for insurance. If not the case then insurance will cover.

    Maybe I am wrong, I know when I had company car they provided the insurance......

    It's my company, so it's buying the car. The car then needs to be insured under the company name and I'm a named driver. Thought it would be straightforward


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    #5
    JackieChan
    Closed Accounts Posts: 1,829 ✭✭✭JackieChan


    ted1 wrote: »
    Call Arachas.ie if it’s a company car then the company needs to insure it as you can’t insure what you don’t own.

    I realise I may not have made it clear enough but yes I want a policy where the company insures it and I am a named driver.

    I'll try that company.
    Thanks


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    #6
    Shefwedfan
    Closed Accounts Posts: 18,958 ✭✭✭✭Shefwedfan


    JackieChan wrote: »
    It's my company, so it's buying the car. The car then needs to be insured under the company name and I'm a named driver. Thought it would be straightforward

    You need to get company insurance.

    To explain
    My mate bought an electric car. Due to the 0% BIK he bought it as a "company car". He has a compnay insurance policy and then put the car under the company policy.

    He has actually clossed down his personal insurance now and just run everything under the company insurance.


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    #7
    deletthis
    Registered Users Posts: 68 ✭✭deletthis


    As above, you need a business policy in the name of the company as opposed to a standard private policy


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    #8
    samih
    Registered Users Posts: 2,795 ✭✭✭samih


    You have three refusals now so can contact the ombudsman who will get one of the three companies to quote you.


  • Options
    #9
    unkel
    Registered Users Posts: 65,004 ✭✭✭✭unkel


    samih wrote: »
    You have three refusals now so can contact the ombudsman who will get one of the three companies to quote you.

    Pointless exercise. Sure they will quote you. They have to. They'll be quoting you €15k.


  • Options
    #10
    zoom_cool
    Registered Users Posts: 444 ✭✭zoom_cool


    FBD will do it for you.


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    #11
    JackieChan
    Closed Accounts Posts: 1,829 ✭✭✭JackieChan


    zoom_cool wrote: »
    FBD will do it for you.

    Thanks will call them.

    Managed to get my first quote of 2.8k (from Liberty)
    Was really hoping for something less than 2k.
    unkel wrote: »
    Pointless exercise. Sure they will quote you. They have to. They'll be quoting you €15k.

    It's not even that they wouldn't quote due to risk, it was just that they didn't provide that service!

    Agree on the obligatory quote you would receive if you had to go that route! You'd be cheaper hiring your own part time chauffeur!


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    #12
    ohnonotgmail
    Registered Users Posts: 40,217 ✭✭✭✭ohnonotgmail


    samih wrote: »
    You have three refusals now so can contact the ombudsman who will get one of the three companies to quote you.




    Does that not only apply to individuals?


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    #13
    JackieChan
    Closed Accounts Posts: 1,829 ✭✭✭JackieChan


    Another one down. FBD won't quote unless you have 2 years no claims bonus under a company plan.


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    #14
    samih
    Registered Users Posts: 2,795 ✭✭✭samih


    ohnonotgmail wrote: »
    samih wrote: »
    You have three refusals now so can contact the ombudsman who will get one of the three companies to quote you.




    Does that not only apply to individuals?
    I don't know tbh. It does seem exceedingly difficult to obtain legally required insurance in this country. Maybe the civil servants could look at how this stuff just works in many other countries.


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    #15
    ohnonotgmail
    Registered Users Posts: 40,217 ✭✭✭✭ohnonotgmail


    samih wrote: »
    I don't know tbh. It does seem exceedingly difficult to obtain legally required insurance in this country. Maybe the civil servants could look at how this stuff just works in many other countries.


    I'm pretty sure it does only apply to individuals.



    https://www.insuranceireland.eu/consumer-information/general-non-life-insurance/declined-cases-agreement


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    #16
    Shefwedfan
    Closed Accounts Posts: 18,958 ✭✭✭✭Shefwedfan


    Do you have other items for the business that requires insurance? building? staff? etc

    If you bundle all of them in with car and then get business insurance you will get it. Companies like FBD have account managers for that type of thing, ringing up to the front desk is a waste of time


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    #17
    ted1
    Registered Users Posts: 23,331 ✭✭✭✭ted1


    Shefwedfan wrote: »
    Do you have other items for the business that requires insurance? building? staff? etc

    If you bundle all of them in with car and then get business insurance you will get it. Companies like FBD have account managers for that type of thing, ringing up to the front desk is a waste of time
    There’s not many companies like FBD. They underwrite their own policies as oppose to just reselling


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    #18
    catharsis
    Registered Users Posts: 312 ✭✭catharsis


    I had exactly this issue and eventually gave up and called a broker as I had been advised to do at the start.

    It WILL cost you and you WILL have to sign over your own no claims bonus to the company.

    I was paying 400-odd to insure a 330E personally and I ended up that the company paid over a grand for me to insure a LEAF! - but at least I have insurance as I only looked at this after the car had arrived and so I literally couldn't drive it off the forecourt until I could solve the issue so it was sitting around for over a week in the dealers....

    it does appear that company insurance is far more expensive but I guess it's coming out of the company and not after-tax income so....

    PM me if you want broker details or the name of the insurance company I ended up insured by.


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    #19
    grogi
    Registered Users Posts: 8,615 ✭✭✭grogi


    ted1 wrote: »
    Call Arachas.ie if it’s a company car then the company needs to insure it as you can’t insure what you don’t own.

    The OP wants to insure himself to drive that car. Insuring the car itself is secondary issue here only.


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    #20
    ted1
    Registered Users Posts: 23,331 ✭✭✭✭ted1


    grogi wrote: »
    ted1 wrote: »
    Call Arachas.ie if it’s a company car then the company needs to insure it as you can’t insure what you don’t own.

    The OP wants to insure himself to drive that car. Insuring the car itself is secondary issue here only.
    The company list him as a named driver on their policy.


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    #21
    JackieChan
    Closed Accounts Posts: 1,829 ✭✭✭JackieChan


    catharsis wrote: »
    I had exactly this issue and eventually gave up and called a broker as I had been advised to do at the start.

    It WILL cost you and you WILL have to sign over your own no claims bonus to the company.

    I was paying 400-odd to insure a 330E personally and I ended up that the company paid over a grand for me to insure a LEAF! - but at least I have insurance as I only looked at this after the car had arrived and so I literally couldn't drive it off the forecourt until I could solve the issue so it was sitting around for over a week in the dealers....

    +1 : Exactly what I had to do.

    My own insurance is currently just over €700 and got a quote for just over 1k for company policy and have to sign over personal NCB to get it...considering second best quote was €3k it is an easy decision! Hope to have my 182 mid next week!
    it does appear that company insurance is far more expensive but I guess it's coming out of the company and not after-tax income so....

    PM me if you want broker details or the name of the insurance company I ended up insured by.

    Yeah the fact it's coming from gross means it's a lot better than it initially looks and thanks for the offer on Broker. Got quote within 30 mins of talking to broker this morning.

    Also I know of one additional company that will quote when the company has one year bonus, so at least that's an option next year.


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    #22
    Stealthirl
    Registered Users Posts: 1,589 ✭✭✭Stealthirl


    The higher policy price is likely due to the difference between social/domestic use and Class 2 – Business use [This covers the vehicle in connection with your job such as driving to different sites from your place of work]

    There's also Class 3 – Business Use
    It will provide cover for transportation of light goods, for example, flower delivery and selling door-to-door sales. I would doubt that's applicable here


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    #23
    ted1
    Registered Users Posts: 23,331 ✭✭✭✭ted1


    Class 2 only increases it by around 20-40 Euro

    We claim mileage in the office so will have upgraded out policies


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    #24
    KrustyBurger
    Registered Users Posts: 221 ✭✭KrustyBurger


    My car is a company car. I rang creann and crean insurance and they sorted it out. I had to sign over my own ncb but I figured it was worth it. Hope this helps.


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    #25
    JackieChan
    Closed Accounts Posts: 1,829 ✭✭✭JackieChan


    KrustyBurger wrote: »
    My car is a company car. I rang creann and crean insurance and they sorted it out. I had to sign over my own ncb but I figured it was worth it. Hope this helps.

    Thanks Krusty, got sorted. I got similar quotes from two brokers on Friday and like you I will have to sign over the NCB.


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