Is VAT included in my quote? VAT, IPT, Premium, Tax, Quote Insurance isn't subject to VAT. The UK Government adds something called Insurance Premium Tax (IPT) instead, which is currently 12%, and this is always included in the quoted price you see. Related articles Why have I been charged a fee after the end of my policy? How does the yearly mileage cap work? Why do you charge an admin fee? My current insurer doesn't. Is personal belongings cover included in a By Miles policy? Can I temporarily suspend my policy?