If an employee needs or wants to source their own insurance for their electric vehicle (in the event their employer has made company insurance optional or isn't offering this at all), there are many insurance providers to choose from. Some comparison websites will help you to source the best for you such as Gocompare.com, Moneysupermarket.com, Comparethemarket.com.
When arranging insurance there are a couple of important things to note.
GAP Insurance
We highly recommend that all drivers consider getting GAP (Guaranteed Asset Protection) insurance. It's a great option if you're leasing a car, as it provides coverage for any remaining finance on your leasing agreement in the event that your car is stolen or declared a total loss.
Confirming the start date
As delays can sometimes be experienced within the EV industry, we would advise to confirm the start date of your insurance once we have supplied you with a confirmed delivery date for your electric vehicle.
Explaining Salary Sacrifice
As salary sacrifice is quite a unique arrangement, it's best to explain to the insurer that you are participating in the scheme through your employer and that the lease is a business contract hire between your employer and the lease company.
Supplying Proof
The insurer may ask for "proof of ownership". As this is a business lease car, and the registered owner of the vehicle is the lease company. You may need to provide certain details of the business lease and further information on the vehicle which can be obtained either through asking your employer or from the vehicle log book (V5c document).
For more information regarding the V5c document please see "How to acquire a V5c Document "