can 2 people insure same car?

[steveo3002]

i dont have my own car at the momemnt and want to keep my no claims bonus if possible , no need for another car and im named driver on the mrs policy

could i take out a policy on one of the cars thats already insured ? maybe cancel after a while in order to keep the ncb going?

[HustleRussell]

Only one insurance policy permitted per car

[ging84]

HustleRussell said:

Only one insurance policy permitted per car

total bks

[Warby80]

You can have as many policies as you want on a car, you are only allowed to claim on one though.

[98elise]

ging84 said:

HustleRussell said:

Only one insurance policy permitted per car

total bks

Agreed. I insure my car, and my son has a seperate policy as a learner. It was a condition of the second policy that there was another policy in force.

[Löyly]

HustleRussell said:

Only one insurance policy permitted per car

You spout such rubbish with such authority!

[steveo3002]

Warby80 said:

You can have as many policies as you want on a car, you are only allowed to claim on one though.

any idea how long i need to keep up a policy to refresh the ncb and get a new proof ?

[shake n bake]

HustleRussell said:

Only one insurance policy permitted per car

I'd agree with this as the insurers at work wont insure a car if it's already insured but happy to be proved wrong with actual fact rather than opinion?

[HustleRussell]

Every policy I have taken out has said somewhere in the paperwork that it is an offence to have two or more concurrent policies on the same car. There may be a way.

[red_slr]

HustleRussell said:

Every policy I have taken out has said somewhere in the paperwork that it is an offence to have two or more concurrent policies on the same car. There may be a way.

That's a new law on me.

Fraud would be the main issue if you tried to make 2 claims for the same loss unless the terms of the policies allowed you to do so. There are not going to be many normal cars which would have such policies.

[98elise]

HustleRussell said:

Every policy I have taken out has said somewhere in the paperwork that it is an offence to have two or more concurrent policies on the same car. There may be a way.

Why would it be an offence? The law requires you to have a minimum level of insurance, beyond that why would a law be made about having more then one policy. Thats entirely between the insurer(s) and the customer.

We have two policies on one car as I stated above. How am I comitting an offence?

[steveo3002]

doesnt apply to my situation admittedly , but what about when folk sell a car and have it insured , then the buyer agrees to buy and collect a week or two later when they have the paper work in place . there would be some overlap going on

[lost in espace]

I thought you had to be the registered keeper, you usually get asked this on filling out a quote. How can there be more than one owner on the v5!

[steveo3002]

just asks are you ...not you must be

how that effects the premium i dont know

or is there an easy/cheap way to keep up the ncb ? buying and taxing a banger i dont want will end up costing whatever savings i would make so might as well lose the ncb if thats the only way

[HustleRussell]

Your NCB is valid for two years from the end of your policy anyway.

[98elise]

lost in espace said:

I thought you had to be the registered keeper, you usually get asked this on filling out a quote. How can there be more than one owner on the v5!

No it doesn't. My wife insures one of our cars. She doesn't own it nor is she the registered keeper. Thats what we've told the insurance co, and that what it says on the policy.

[GoneAnon]

Courtesy cars are insured by the dealership. The car is then loaned to a customer who can put it on his own policyif he doesn't want to pay the dealer for cover.

That's just one example of two insurances on the one car that happens every day across the UK.

[SWoll]

GoneAnon said:

Courtesy cars are insured by the dealership. The car is then loaned to a customer who can put it on his own policyif he doesn't want to pay the dealer for cover.

That's just one example of two insurances on the one car that happens every day across the UK.

Wouldn't that just be temporary cover of a named vehicle on an existing policy though? Not quite the same as having two or more policies to the same primary vehicle.

I've always been of the opinion that multiple policies is a no-no and any additional drivers should be added to the existing policy for the vehicle. Could well be wrong but that's my understanding.

98elise said:

No it doesn't. My wife insures one of our cars. She doesn't own it nor is she the registered keeper. Thats what we've told the insurance co, and that what it says on the policy.

Agreed. Take a lease vehicle as an example, the finance company are the owner and registered keeper of the vehicle for obvious reasons.

Edited by SWoll on Saturday 8th October 23:01

[Ed.]

steveo3002 said:

i dont have my own car at the momemnt and want to keep my no claims bonus if possible , no need for another car and im named driver on the mrs policy

could i take out a policy on one of the cars thats already insured ? maybe cancel after a while in order to keep the ncb going?

I think no claims is kept for 2 years after ending the policy, could you not get a cheap banger with an mot then resell after a few months? How much do you want to invest in this venture?

[TallPaul]

Why not just alternate the insurance each year- one year you insure it, next year the wife does?