Advice - first car new driver reg & insurance pls
Discussion
Many of you will have been here - want to give my (sadly) inherited Mum's car to my daughter and wife to use 50/50. Daughter hoping to pass test in Sept ater many lessons; she will be 19.
What's the best way to set it up for registered keeper and insurance? Feels like it will be lower cost to do it in wife's name and then daughter can take over when insurance rates drop to three digits for her alone?
Car is a 1.4 Golf worth about £8k.
Thanks for any pointers.
What's the best way to set it up for registered keeper and insurance? Feels like it will be lower cost to do it in wife's name and then daughter can take over when insurance rates drop to three digits for her alone?
Car is a 1.4 Golf worth about £8k.
Thanks for any pointers.
If it's actually used 50/50 then no problem having your daughter as a named driver. Be careful if your daughter starts using it a lot more than your wife, though, as insurers will have seen that all before in the event of a claim and may (read: will more than likely) use it against you.
Sorry for your loss.
Sorry for your loss.
Obviously you want to avoid “ fronting “ and until your daughter passes her test obviously she won’t be in the car alone.
It would definitely be cheaper to insure now in your wife’s name with then your daughter as named but if it were me I’d insure it in your daughters name with you and /or your wife as named drivers and that way she can start to build up her own ncb.
Obviously once she passes her test price will escalate.
I would also put car in her name as RK but that’s me so not sure strictly necessary.
It would definitely be cheaper to insure now in your wife’s name with then your daughter as named but if it were me I’d insure it in your daughters name with you and /or your wife as named drivers and that way she can start to build up her own ncb.
Obviously once she passes her test price will escalate.
I would also put car in her name as RK but that’s me so not sure strictly necessary.
Ken Figenus said:
want to give my (sadly) inherited Mum's car to my daughter and wife to use 50/50.
Ken Figenus said:
Car is a 1.4 Golf worth about £8k.
The same car a year later: 
She'll get a price-break at 21 and then another at 25 so best bet is to make it the wife's car until your daughter takes it after 21. You're never going to get it absolutely right with the split usage working out how to proportion it.
TwigtheWonderkid said:
But as it's 50/50, they will rate it on the daughter's age, as if she were the policyholder. There's no way they'll price it on someone in their 40s when a 19 y/o uses it just as much.
Well yeah, it'll be more expensive, but there won't be a problem, such as invalidation of insurance as the result of a claim.Our experience of insuring a car for a young / learner driver didn’t seem that bad, and would encourage you to get your daughter on her own policy ASAP.
Our daughter insured her own (new) car whilst learning at age 18-
Learner policy - £340 Age 18
First year when passed £940 Age 18
Second Year (1 NCB) £465
Third Year (2 NCB) £320
So besides the first year after passing her test, all subsequent years have been very good.
I think this first year is always going to be a hit whenever you encounter it, so might aswell get it over with and get on the treadmill soon rather than later.
Our daughter insured her own (new) car whilst learning at age 18-
Learner policy - £340 Age 18
First year when passed £940 Age 18
Second Year (1 NCB) £465
Third Year (2 NCB) £320
So besides the first year after passing her test, all subsequent years have been very good.
I think this first year is always going to be a hit whenever you encounter it, so might aswell get it over with and get on the treadmill soon rather than later.
Dogwatch said:
ingenieur said:
Maybe not quite that bad but some truth there. Certainly expect some minor bumps and scrapes.Ham_and_Jam said:
Our experience of insuring a car for a young / learner driver didn’t seem that bad, and would encourage you to get your daughter on her own policy ASAP.
Our daughter insured her own (new) car whilst learning at age 18-
Learner policy - £340 Age 18
First year when passed £940 Age 18
Second Year (1 NCB) £465
Third Year (2 NCB) £320
So besides the first year after passing her test, all subsequent years have been very good.
I think this first year is always going to be a hit whenever you encounter it, so might aswell get it over with and get on the treadmill soon rather than later.
Would be nice to know what model car it was and if you benefit from living somewhere where insurance is lower as those rates seem very good for the first few years of motoring. Our daughter insured her own (new) car whilst learning at age 18-
Learner policy - £340 Age 18
First year when passed £940 Age 18
Second Year (1 NCB) £465
Third Year (2 NCB) £320
So besides the first year after passing her test, all subsequent years have been very good.
I think this first year is always going to be a hit whenever you encounter it, so might aswell get it over with and get on the treadmill soon rather than later.
sxmwht said:
TwigtheWonderkid said:
But as it's 50/50, they will rate it on the daughter's age, as if she were the policyholder. There's no way they'll price it on someone in their 40s when a 19 y/o uses it just as much.
Well yeah, it'll be more expensive, but there won't be a problem, such as invalidation of insurance as the result of a claim.
) so will call them direct for a quote - hadn't thought of that...Gassing Station | General Gassing | Top of Page | What's New | My Stuff