Lease Car Insurance – Market Value Vs P11D Value

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This topic contains 1 reply, has 2 voices, and was last updated by Stuart Masson Stuart Masson 2 months, 3 weeks ago.

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  • #117535 Reply

    Manik Nath

    Hi,

    I am looking at renewing my leased car insurance, what should be the car value for insurance, the market value or the P11D value. A lot of insurance car companies are saying that the insurance should be on market value, whereas my leasing company says use the P11D value. The P11D value as specified by the leasing company is the same value that they mentioned last year and is more than twice of the car market value. I am a bit confused here that what value should I be using. Please help me with some advice.
    Thanks,
    Manik

  • #117665 Reply
    Stuart Masson
    Stuart Masson
    Keymaster

    Hi Manik. I would have thought that you would use market value for your regular car insurance, and a GAP insurance policy if you are looking to cover any shortfall.

Reply To: Lease Car Insurance – Market Value Vs P11D Value

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