Deduct the insurance of your utility vehicle

Don’t forget to deduct insurance for your utility vehicle

You can deduct up to 100% of the cost of insuring your utility vehicle, depending on its business use.

Like all the other costs relating to your utility vehicle, its insurance is deductible according to the business use of your vehicle.

Do you use your company car exclusively for your business? Then you can deduct 100% of these costs from your tax bill.

Do you also use it privately? Then you only deduct the professional part, based on a realistic estimate of your business use.

💡 Good to know: insurance premiums don’t carry VAT, so there is no VAT to reclaim. The premium itself (including taxes) is the deductible cost.

All types of insurance for your commercial vehicle are tax-deductible.

Curious to know what qualifies as a utility vehicle? This article explains it.

Not a utility vehicle, but an ordinary car as your company vehicle? Then the insurance, like all your other car expenses, is only partially deductible, depending on your car’s CO2 emissions and purchase date. The main article on car taxation explains how to calculate that percentage.