Working as a freelancer? And do you own a car? Then you’re required to insure it at least for Third Party Liability. But when should you choose a personal or business car insurance? We’ll guide you in 4 steps.
"}},{"componentType":"sectionTitle","title":"Step 1: Company car or not?"},{"componentType":"paragraph","richBody":{"value":"Are you an entrepreneur? You can usually decide whether your car belongs to your business assets or your private assets.
Please note:
If you decide to register the car in your company’s name? Then it becomes part of your business assets. In that case, you always insure your company car with a company car insurance – whether you’re a freelancer or an SME makes no difference. Read more about this on the Dutch tax Authority website.
"}},{"componentType":"accordion","accordionList":[{"title":"Tip if you use your private car for business","richBody":{"value":"Don’t have a car on your company balance sheet? But do you use your private car for business? For example, driving to a client, supplier or workplace as a freelancer? Then you insure that car with a personal insurance and… you can claim mileage allowance:
Important: You must keep a mileage log, as the Tax Authority requires proof that the kilometres were genuinely for business. Don’t forget to keep this record for at least 7 years!
Note: Always check the terms of your personal car insurance to be sure what coverage you have.
"}},{"title":"Car insurance for the self-employed: examples","richBody":{"value":"Looking into car insurance? Freelancers come in all shapes and sizes. Here are a few examples:
Whether you need a business car insurance policy depends on factors like the type of car, your income, and how many miles you drive for work versus privately. Consult your accountant or advisor to find the best fit for your situation.
"}}]},{"componentType":"sectionTitle","title":"Step 2: Choose a car insurance policy for self-employed professionals"},{"componentType":"paragraph","richBody":{"value":"Do you have a business current account with ING? Then, as a freelancer, you can easily apply for a business car insurance policy through us. With a competitive premium and favourable terms.
"}},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"The company car insurance of ING","intro":"Especially for business passenger cars","image":{"transformBaseUrl":"https://assets.ing.com/transform/6581ff6b-f0fb-4d6b-8a6d-7faf5f805d1f/BB-Insurance-only-portrait-of-young-man-using-mobile-phone-while-sitting-in-car","type":"image","width":1700,"original":"https://assets.ing.com/m/530d3040f14a6d8/original/BB-Insurance-only-portrait-of-young-man-using-mobile-phone-while-sitting-in-car.JPG","extension":"jpg"},"link":{"url":"/en/business/insurance/ing-company-car-insurance"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"The company van Insurance of ING","intro":"Also suited for grey number plate","image":{"transformBaseUrl":"https://assets.ing.com/transform/6f47ef63-8c5a-4158-92df-bde6673078ea/BB-Insurance-only-Woman-steps-out-van-switch","type":"image","width":1700,"original":"https://assets.ing.com/m/7e037453e0b29956/original/BB-Insurance-only-Woman-steps-out-van-switch.jpg","extension":"jpg"},"link":{"url":"/en/business/insurance/ing-company-van-insurance"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"ING Car insurance (personal)","intro":"As self-employed you need: a personal account at ING","image":{"transformBaseUrl":"https://assets.ing.com/transform/4efb165a-121f-4084-a91c-55198d0db8b7/Man-and-woman-in-a-car","type":"image","width":1920,"original":"https://assets.ing.com/m/773d916fca9c9aee/original/Man-and-woman-in-a-car.jpg","extension":"jpg"},"link":{"url":"/en/personal/insurances/car-insurance"}}]},{"componentType":"sectionTitle","title":"Step 3: Choose your car insurance coverage"},{"componentType":"paragraph","richBody":{"value":"Every car in the Netherlands must have at least third-party liability (WA) insurance, and that includes your (business) car. Decide what level of coverage suits you best, so it fits your business needs:
The best coverage for you as a freelancer depends on the age and value of your business car, and your personal preferences. For extra peace of mind, there are optional add-ons. Make sure you choose what fits your situation.
Often, only business car insurances offer extra coverages designed for entrepreneurs. With the Company van insurance of ING you can add Contents insurance to insure your products, building materials and tools in your van.
"}}]},{"componentType":"sectionTitle","title":"Step 4: Deduct your car insurance costs"},{"componentType":"paragraph","richBody":{"value":"According to the Dutch Tax Authority, the premium for your company car insurance can be deducted from your turnover. This helps reduce your costs as a freelancer.
Do you also use your private car for business purposes? Then the premium for your private car insurance is not deductible. This is partly offset by the mileage allowance.
Check what applies to your situation on the website of the Dutch Tax Authority.
"},"textLinks":[{"url":"/zakelijk/financieren/lease/auto-van-de-zaak/fiscale-regels-zakelijk-rijden","text":"Tip: Tax rules for business driving (Dutch only)"},{}]},{"componentType":"linkList","componentStyle":"default","iconTitle":{"title":"Also interesting for you"},"textLinks":[{"url":"/en/business/insurance/ing-company-car-insurance","text":"The company car insurance of ING"},{"url":"/en/personal/insurances/car-insurance","text":"Personal car insurance"},{"url":"/en/business/insurance/ing-company-van-insurance","text":"The company van insurance of ING"},{"url":"/en/business/loans-and-finance/lease-and-asset-finance","text":"Lease a car"},{"url":"/en/business/insurance","text":"All business insurances"},{"url":"/en/business/insurance/insurance-self-employed","text":"What insurances do you need as self-employed?"}]}]}}}