My company has given me a car. Do I need to take an auto insurance policy for it, or will the company take it? Who will take the policy basically depends on your contract with the company. Generally speaking, if the company has purchased the car in your name and is recovering the cost of the car from your salary in instalments, the responsibility to insure the car lies with you since the owner has to insure the car. On the other hand, if the company owns the car and it has been given to you for use, it is the company that should insure the car. However, you must clarify the matter with your employers and act accordingly.
