Wife and I both want car insurance but only one car?
Discussion
otherman said:
you don't have to be the owner or keeper to insure a car.
But insuring anything in which you have no interest is prohibited. You can get into real trouble that way.In addition, any insurance contract has a particularly heavy obligation to give full and honest disclosure. It's questionable even to put your parents on a car insurance policy "to reduce the premium" if they are never going to drive the car.
Insuring as registered keeper and owner between husband and wife is, generally, fine with insurance companies as both parties have an interest. Obviously. During marriage even though the husband may have bought the car, he done so with 'their' money.
Taking turns each year is quite common
Taking turns each year is quite common
Edited by ikarl on Wednesday 25th March 09:27
ikarl said:
Insuring as registered keeper and owner between husband and wife is, generally, fine with insurance companies as both parties have an interest. Obviously. During marriage even though the husband may have bought the car, he done so with 'their' money.
Yes, but that's different from having two policies on the same car. It's one insurance which covers both peoples interests - (1) "liability" of the driver to third parties, and (2) the car itself, plus any possible liabilities of the owner.[quote]Taking turns each year is quite common
Claudia Skies said:
ikarl said:
Insuring as registered keeper and owner between husband and wife is, generally, fine with insurance companies as both parties have an interest. Obviously. During marriage even though the husband may have bought the car, he done so with 'their' money.
Yes, but that's different from having two policies on the same car. It's one insurance which covers both peoples interests - (1) "liability" of the driver to third parties, and (2) the car itself, plus any possible liabilities of the owner.[quote]Taking turns each year is quite common
Don't think anyone would give advice re two policies on one car.
I have a lease car for my business and have 3 girls on the insurance as named drivers via Direct Line. I was told they all can build there NCD, with no claims from them obviously. Plus they all have different excess amounts due to there ages and if one has a bang all other drivers are safe, obviously.
Sarnie said:
otherman said:
you don't have to be the owner or keeper to insure a car.
Cool, having never insured a car I didn't own, I wasn't sure what would be the response when you said you were neither Two policies on one car would be problematic - if it gets stolen, which policy pays out? I don't think that is feasible in practice.
When we got a second car, my wife (who had always been insured as a named driver on our joint car for which I was the policyholder) was given a pretty good no claims discount on the grounds that she had never made a claim while driving our joint car. That would be a much easier (and cheaper?) solution than two policies.
But I still think the idea of a little 2-seater is the better option - how much would an old MX5 be now ...
When we got a second car, my wife (who had always been insured as a named driver on our joint car for which I was the policyholder) was given a pretty good no claims discount on the grounds that she had never made a claim while driving our joint car. That would be a much easier (and cheaper?) solution than two policies.
But I still think the idea of a little 2-seater is the better option - how much would an old MX5 be now ...
Elderly said:
Sarnie said:
otherman said:
you don't have to be the owner or keeper to insure a car.
Cool, having never insured a car I didn't own, I wasn't sure what would be the response when you said you were neither Elderly said:
98elise said:
My partner insures our mondeo. The insurance says she is neither the owner or keeper (as I am legally both).
/\ this. A partner appears not to be a problem.Gassing Station | Finance | Top of Page | What's New | My Stuff