Insurance Q for the BiB
Discussion
Hi,
Having got fed up of paying an extraordinary amount for insurance as a young male driver I am considering, for my next car, getting my dad to insure it and have me as the named driver. Having checked some online quotes I could save about £300 doing it this way.
I understand that this isnt strictly kosher and dont really like it but I cannot really afford insurance any other way.
Would you (as a BiB) be inclined to "do" me for this if you pulled me over and saw I was only the named driver but quite clearly the only driver of the car? Or would you be happy that I am insured and leave it at that?
Ben
Having got fed up of paying an extraordinary amount for insurance as a young male driver I am considering, for my next car, getting my dad to insure it and have me as the named driver. Having checked some online quotes I could save about £300 doing it this way.
I understand that this isnt strictly kosher and dont really like it but I cannot really afford insurance any other way.
Would you (as a BiB) be inclined to "do" me for this if you pulled me over and saw I was only the named driver but quite clearly the only driver of the car? Or would you be happy that I am insured and leave it at that?
Ben
im not bib but this isn't worth the risk mate, they can void your policy on anything and once this happens you'll find it hard in the future to get insurance. also you're not getting ncd so not doing yourself any favours either. you might just have to grin and bear it if your car is important to you, or down grade for a year or so.
cheers
cheers
Don't know the BiB position but for a start if there are more that two cars in your household the insurers will usually rate on the youngest driver - funnily enough you wouldn't be the first person to have tried this......
Secondly if the insurers discover you are the main driver they will void your policy and you will be in all sort of trouble....
Thirdly if you're starting with a low grouped car then you're better off with a policy in your own name to build up your own ncb ASAP to reduce future premiums.
Secondly if the insurers discover you are the main driver they will void your policy and you will be in all sort of trouble....
Thirdly if you're starting with a low grouped car then you're better off with a policy in your own name to build up your own ncb ASAP to reduce future premiums.
Personally I see no problem with that. Your Dad owns and insures the car, and you are a named driver. So long as you are driving the car, then YOU ARE the named driver. So no problems, you are insured.
The insurance companies have had enough money out of me for the past 14 yrs, screw them back again.
I’m just trying to sort out insurance on a £400 throw away car. This will be a 3rd vehicle, they want over £250 third part only!, because of the stupid no claims discount thingy… I’ve spoken to the GIS and ABI – they all agree it’s wrong, but said they can do nothing… !
Insurance really annoys me, as I can not possibly drive 3 vehicles at once.
I’ve just worked out I’ve paid approx £15,000 in insurance over the past 14 years. And never made one claim, except for 1 windscreen.
jj
The insurance companies have had enough money out of me for the past 14 yrs, screw them back again.
I’m just trying to sort out insurance on a £400 throw away car. This will be a 3rd vehicle, they want over £250 third part only!, because of the stupid no claims discount thingy… I’ve spoken to the GIS and ABI – they all agree it’s wrong, but said they can do nothing… !
Insurance really annoys me, as I can not possibly drive 3 vehicles at once.
I’ve just worked out I’ve paid approx £15,000 in insurance over the past 14 years. And never made one claim, except for 1 windscreen.
jj
insurance should be in the name of the person who uses the vehicle the most - in the case of one of my cars, I would do more mileage than my wife, but she uses it more frequently, therefore goes in her name.
There is no point in having insurance if, when it comes to it (hopefully it wont) you REALLY need it. Especially if you cause injury - you could be paying for it for the rest of your life
If an insurance comany can get out of it - they will (even known them to ask neighbours who uses that car ??)
NOT WORTH IT
>> Edited by ws6 on Friday 22 October 08:06
There is no point in having insurance if, when it comes to it (hopefully it wont) you REALLY need it. Especially if you cause injury - you could be paying for it for the rest of your life
If an insurance comany can get out of it - they will (even known them to ask neighbours who uses that car ??)
NOT WORTH IT
>> Edited by ws6 on Friday 22 October 08:06
BiB stops you.
You produce an Insurance Certificate which shows that you are a named driver for the vehicle in question.
BiB will be satisfied.
Problem arising could be in what you state to the questions asked by the Company you approach to issue the Insurance. If issued on any falsies then serious offence committed. If this is the case IIRC then Insurance remains valid until such time as Company invalidate. So in an accident, third party would be paid out by Insurance Co, who would then in turn Civil Court you for their cash back.
DVD
You produce an Insurance Certificate which shows that you are a named driver for the vehicle in question.
BiB will be satisfied.
Problem arising could be in what you state to the questions asked by the Company you approach to issue the Insurance. If issued on any falsies then serious offence committed. If this is the case IIRC then Insurance remains valid until such time as Company invalidate. So in an accident, third party would be paid out by Insurance Co, who would then in turn Civil Court you for their cash back.
DVD
From reading the original post I can actually see nothing wrong or dishonest about it.
If any trouble is to arise, it will not be over whether you are a "named driver", but whether you have falsely declared your father as being the "main driver" of the vehicle. This is the critical thing.
Insurers will almost certainly ask this question before providing cover: as long as you answer it honestly then you are doing nothing either illegal or immoral.
If any trouble is to arise, it will not be over whether you are a "named driver", but whether you have falsely declared your father as being the "main driver" of the vehicle. This is the critical thing.
Insurers will almost certainly ask this question before providing cover: as long as you answer it honestly then you are doing nothing either illegal or immoral.
jj. said:
Personally I see no problem with that. Your Dad owns and insures the car, and you are a named driver. So long as you are driving the car, then YOU ARE the named driver. So no problems, you are insured.
jj
I agree..whats the problem with this? it is called "working the system" and from what I can see a perfectly reasonable way of doing it.
I would mention to you the dangers of your Insurance firm finding out you were the MAIN driver and not the NAMED driver and the potential consequences.
But, no, I wouldn't do anything about it for a variety of reasons:
1) At least the vehicle is insured and I would feel much better 'pegging' those without insurance.
2) It's difficult to prove that you are the main driver and not worth the hassle of the investigation.
Street
But, no, I wouldn't do anything about it for a variety of reasons:
1) At least the vehicle is insured and I would feel much better 'pegging' those without insurance.
2) It's difficult to prove that you are the main driver and not worth the hassle of the investigation.
Street
Streetcop said:
I would mention to you the dangers of your Insurance firm finding out you were the MAIN driver and not the NAMED driver and the potential
Street
I had exactly this response on one of my weekly pullings over as a younger lad in my "mums" Escort. The bib's won't generally be bothered and the insurance company would have a hard time proving that you were the main driver
wolves_wanderer said:
I would mention to you the dangers of your Insurance firm finding out you were the MAIN driver and not the NAMED driver and the potential
Street
I had exactly this response on one of my weekly pullings over as a younger lad in my "mums" Escort. The bib's won't generally be bothered and the insurance company would have a hard time proving that you were the main driver
What I've known insurance companies do (especially if it's a big claim)...is to send an investigator to your home address, check how many cars could actually fit into the one garage
, speak to neighbours to see who they see driving regularly etc... As usual, they like taking money from people, but will fight tooth and nail when it comes to paying out..
Street
s aren't they?Then you get other stupid insurance polices, which I take advantage on. Like putting other named drivers ON YOUR insurance. This often makes it cheaper… eh…?
My £22k 530 Sport costs me £520 to insure for the year. With my G/F as a named driver it goes down to £470… eh…? Why…?
When I questioned the insurance company, they said something about, ‘assessing the risk, and it’s lower with two people on the policy’.
WHAT…!?? Less risk with the G/F on it. She is a couple of years younger than me (so has less NCD) has never owned anything bigger than a 1.4 engine or that costs more than about £9k, but with her on the policy it goes down.
It doesn’t make sense to me, surely she’s more at risk when driving the car, than when I drive it, so the policy should have gone up..
Stupid insurance companies….. play their system.… it’s only fair…!
jj
My £22k 530 Sport costs me £520 to insure for the year. With my G/F as a named driver it goes down to £470… eh…? Why…?
When I questioned the insurance company, they said something about, ‘assessing the risk, and it’s lower with two people on the policy’.
WHAT…!?? Less risk with the G/F on it. She is a couple of years younger than me (so has less NCD) has never owned anything bigger than a 1.4 engine or that costs more than about £9k, but with her on the policy it goes down.
It doesn’t make sense to me, surely she’s more at risk when driving the car, than when I drive it, so the policy should have gone up..
Stupid insurance companies….. play their system.… it’s only fair…!
jj
Doesn't every 17/18 year old do this?
At this age I was a named driver on my mum's 3PFT policy, had a crash and they paid out the other driver. My damage cost £6 and an afternoon down the scrappie. Twas through a broker.
The problem came when I bought a "faster car" at 25 (Scirocco) and had no NCD. Managed to get an introductory discount of 30%
Was fine until 2.5 years later I stacked the Celica, so ended up with a claim on record and no discount (as lost the 2 years in one hit)
At this age I was a named driver on my mum's 3PFT policy, had a crash and they paid out the other driver. My damage cost £6 and an afternoon down the scrappie. Twas through a broker.
The problem came when I bought a "faster car" at 25 (Scirocco) and had no NCD. Managed to get an introductory discount of 30%
Was fine until 2.5 years later I stacked the Celica, so ended up with a claim on record and no discount (as lost the 2 years in one hit)
baz1985 said:
what if there's two or three cars in the household any your a named driver on all 3. Would be a bit difficult to prove which your the main driver of. Baz
I own 4, my wife is named on 3, I am named on the 4th. Although I would do more mileage in the 4th (long runs) she uses it every day and is therefore the "main" user, as the main user is the one who uses it more frequently...
Just not worth trying to save a few quid, as producing a certificate, which on paper would pass the glancing eye of the BiB, would not cover you when it's needed most (usually if you injure someone)
jj. said:
My £22k 530 Sport costs me £520 to insure for the year. With my G/F as a named driver it goes down to £470… eh…? Why…?
It's perfectly logical. Let's say you declare your mileage as 10k per annum. With just you on the policy, then you will be driving those 10k miles yourself. Add your lower risk GF to the policy and the assumption is that some of those miles will be driven by her, hence the overall risk is lower, hence the premium is lower.
They're simply passing on the benefit of the lower risk to you in the form of a reduced premium. This is a good thing, right? If they were trying to shaft you, they'd charge you extra for the privilege of adding your GF to the policy, wouldn't they?
jj. said:
WHAT…!?? Less risk with the G/F on it. She is a couple of years younger than me (so has less NCD) has never owned anything bigger than a 1.4 engine or that costs more than about £9k, but with her on the policy it goes down.
Well, you may think your GF is a higher risk than you (and, let's face it, you know her better than either I or your ins co do!), but the ins co is working purely and simply on statistics. They see that from claims experience, a female aged x is a lower risk than a male aged y, and they rate the risk accordingly.
I understand that, except that I can not see how insurance companies see her as lower risk. For example her 1.2 Corsa cost’s her £490 to insure, pretty much the same price as me and her on my 530. Except if she tried to insure the BMW on her own insurance, I bet they would increase the premium substantially!.
That’s how it worked when I was younger, going from a lower engine car to a bigger one, or from a cheap to more expensive, the policy would always rise.
Don’t get me wrong, I’m not complaining about it being cheaper…. Just see no logic sometimes behind insurance companies and their premium prices.
jj
That’s how it worked when I was younger, going from a lower engine car to a bigger one, or from a cheap to more expensive, the policy would always rise.
Don’t get me wrong, I’m not complaining about it being cheaper…. Just see no logic sometimes behind insurance companies and their premium prices.
jj
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