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Car finance ›
If I’m not using my vehicle do I need to insure it?
Updated: Monday, 18 September 2023
Yes. It’s part of the terms and conditions of your agreement that the vehicle is insured at all times. Even if you feel that the vehicle is kept in a safe location, if the vehicle was uninsured then any incident that happened may leave you liable to pay costs. These are costs that your insurance company will pay if the vehicle is insured.
When you sign an agreement with us, you agree that you will insure the vehicle in your name under a fully comprehensive policy. You also need to make sure the excess isn’t more than £500.00.
Yes. It’s part of the terms and conditions of your agreement that the vehicle is insured at all times. Even if you feel that the vehicle is kept in a safe location, if the vehicle was uninsured then any incident that happened may leave you liable to pay costs. These are costs that your insurance company will pay if the vehicle is insured.
When you sign an agreement with us, you agree that you will insure the vehicle in your name under a fully comprehensive policy. You also need to make sure the excess isn’t more than £500.00.
For a better road ahead
Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.
Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.
Moneybarn’s VAT registration number is 180 5559 52.
Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)
Moneybarn No. 1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)
