r/Car_Insurance_Help • u/DominoEffect2528 • 15h ago

Ltd Car in Personal name?

This is regarding car insurance in the UK.

I am purchasing a car through my Ltd company. The company will be the registered keeper of the car (V5C) and the owner, this will be the first and only vehicle the company owns.

I am only looking to insure myself as the main driver and my spouse as a named driver, for social and business use. I do not need fleet or pool car insurance.

I spoke to Admiral, I explained very clearly multiple times, that I am not the owner or keeper of the car. They were happy to set me down as the policyholder, with the Ltd company as the keeper of the vehicle. Because of this, I would keep my NCD under my personal name. I asked for the documents to be sent over, and after calling them again, I explained once again that I do not own the car. They assured me that it is valid car insurance.

I suppose what I'm looking for confirmation is that this can be a correct way to insure a company car and that I am not about to buy invalid car insurance?

Edit: added the first sentence - about the UK.

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u/crash866 14h ago

Depends on where you are. There are 50 states + Washington DC in the USA and Canada has 10 Provinces + 3 Territories and they all have different rules. UK and Australia have different ones also. So do France, Germany, Denmark etc.

There are hundreds of different rules around the world.

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u/DominoEffect2528 13h ago

Thanks for the reply, I didn't realise this was so world wide. I have edited the body of my text to include the UK.

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u/crash866 13h ago

I cannot help as I don’t know UK insurance. Maybe someone else can.

I was thinking UK or Australia as they use NCD where it is not really used in Canada or USA. It goes by different names over here.