Leased Car Insurance from Keith Michaels
Leasing is by the far easiest way for both business and private users to drive a new car with a lower upfront cost. We believe that insuring your leased car should be just as easy. Whether your car is a personal or business lease, we will find the best insurance policy to suit your requirements using our intricate knowledge of the market to get you the best price.
Mainstream insurers often struggle to provide suitable policies for lease car insurance, particularly when the owner and keeper of the vehicle differ; this is usually the case if you have entered a personal contract purchase (PCP) or personal contract hire (PCH). If you have entered either we are able to get you the leased car insurance policy that suits your requirements.
Get in touch today for a leased car insurance quote, we’ll take into account all the stipulations of your lease contract and personal preferences.
92% of our clients rate us as excellent and ★★★★★ on Trust Pilot
or call us on 0208 329 1150
The Keith Michaels Difference
- 30 years’ experience
- Every customer is treated as an individual, not a policy number
- We are a UK-based office, not a call centre
- We are completely independent from any insurance company
- All policies are looked at on their own merits to find you the best policy available
Why Choose Keith Michaels?
We have specific insurance schemes designed exclusively for leased car owners
- Policies in either company or individual names
- Any driver over 21 policies are available
- Previous driving discounts
- Priority claims management
- Directors no claims bonus can be applied
- Staff have over 30 years’ leased car experience
Rated 4.6/5 on Trustpilot
“Fantastic company with
great customer services”
★★★★★Justin Wells – AmWorld UK Limited
“for over 20 years the service has been exceptional.”
★★★★★Magdi El Masry
“Hands down the best
Get in Touch for your Leased Car Insurance Quote Today
or call: 0208 329 1150
Leased Car & Insurance FAQs
Car leasing is available in the form of a Personal Contract Purchase (PCP) finance plan, or a Personal Contract Hire (PCH) finance plan. These differ in terms of monthly payments and deposit amounts.
When handing your lease car back, it will be inspected for wear and tear and have its mileage checked. If wear and tear is not deemed acceptable for its age, you will be charged. Additionally, if you have gone over your agreed mileage you will be charged.
For business leases, mileage expenses can be deducted the same way as a purchased car, however there are agreed mileage limits for leased cars, so you will need to make sure these aren’t exceeded. Whilst wear and tear will affect a purchased car’s resale value, for a leased car, you can land yourself an extra charge when handing it back – so make sure it’s being looked after.
When it comes to returning the vehicle you may be required to fork over a hefty sum for any damage deemed to be beyond normal wear and tear. Plus if the vehicle is written off, you risk having to pay the difference between what the car was worth new and its value now. At Keith Michaels we are able to provide Guaranteed Asset Protection (GAP) with our lease car insurance policies, whether it’s a requirement or personal preference, we can get you the quality leased car insurance you deserve.
• The registered owner of the vehicle (this will be the finance company who you have signed a car leasing contract with).
• The registered keeper (this will be you).
Choosing a specialist insurer is advisable because most mainstream insurance companies may not have the necessary policies in place to cover motorists who do not own the car they are insuring. Remember, you need to be completely honest when declaring your details to your insurer as failing to do so could result in a policy that does not fully cover you for your specific needs. Any claim you make would therefore be refused.
Driving a low insurance group vehicle, that is low in value and performance, will further help to reduce the cost of your premium.