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Company Lease Insurance Unavailable?

goul

Member
Sep 6, 2019
22
7
Chelmsford
Hi,

I'm a happy private owner of a Model 3 (ownership birthday next week) - I've just moved house and a new neighbour called around with an issue that I struggled to help with. Hoping the great hive mind here can help him out.

Basically his company have just leased 3 Model 3s and a couple of Kias for the directors of the company. They are all mature drivers with decent no claims etc. They've had charging infrastructure installed in the offices around the country and the drivers homes but have hit a snag. Existing insurers and broker have told them they can't get them insured because "of the performance and Tesla's insistence for repairs being in-network". The quotes they seem to have had for moving to personal leases are 5x both premium and excess I pay with LV.

Has anyone else heard of this issue? Seems ridiculous they can't get them insured given the tax incentives have been created to encourage business to go electric. The ideal is for the company to keep the benefit of VAT etc

If anyone can point me at any advice/broker that I can point him at I'd really appreciate it. I'd hate for them to change to only Kia leases if this is something trivial to get by.

Thanks in Advance,
Paul.
 

GrumpyManUK

Member
Jun 21, 2019
80
81
Herts, UK
You can inform your neighbour that I have a company leased Model 3 Performance and have a decent rate (<£500 fully comp) from LV=.
(About to enter renewal for year 2 too)
 
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Okrib

Member
Mar 22, 2020
30
6
London
I came up against this issue trying to insure a Model X and S on fleet insurance - I thought it would be cheaper but the few companies I spoke to basically said that they don't cover Teslas due to difficulty arranging repairs, and they recommended getting individual policies with Direct Line.

We've now done that, and the quotes have been significantly cheaper, and it covers business use as standard.
 
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Mf03

Member
Jan 15, 2020
134
35
Leicestershire
Yes I had this, our company insurance just said no to the Tesla but excepted 2 Etrons without a fuss. Think it was Allianz. I had to go privately with direct line but they wouldn’t accept company ncb so ended up paying £850 ish. Well I didn’t work did but at least building my own ncb now
 
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LukeUK

Member
Feb 25, 2020
430
267
Shropshire, UK
I think the company's fleet insurance provider did add a premium for the Tesla, but it was far from a flat refusal.

I think we go through a broker so they helped sort it out.
 
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