Car insurance can be deducted on your taxes if you meet specific requirements, such as running a self-employed business that uses the car only for work-related purposes. However, if your car is being used strictly for personal purposes, you cannot claim any tax exemption. If your company has a vehicle on the business, you may be eligible to claim a tax deduction for your insurance costs. You'll need to prove that any costs or expenses made are strictly related to your business needs.
Suppose your car is used for business as well as personal purposes. In that case, you can claim deduction on insurance paid proportionately, i.e., only for the part it was used for business travel. For example, if a car was in use for 500 kilometers in a given month and exclusively used for business purposes for 300 kilometers, you can claim a deduction for 300 kilometers.