Insuring a car that you don't own.

[TheHeadhunter]

We are stopping my father in law from driving, he is slowly deteriorating and having a couple of non-driving cognitive scares in the last couple of week, we're doing the right thing and pulling him off the road.

We're keeping his car as we want to, ultimately, get carers insured on it, so we've decided to insure it in my name (god knows how, but I'm the lowest risk person in the family - zero points or claims for 20+ years and early 50s).

But, the car will be kept at his house, and is owned by him. Will that lead to insurance complications? Are there risks in saying it's kept at my house?

Thanks in advance.

[heisthegaffer]

TheHeadhunter said:

We are stopping my father in law from driving, he is slowly deteriorating and having a couple of non-driving cognitive scares in the last couple of week, we're doing the right thing and pulling him off the road.

We're keeping his car as we want to, ultimately, get carers insured on it, so we've decided to insure it in my name (god knows how, but I'm the lowest risk person in the family - zero points or claims for 20+ years and early 50s).

But, the car will be kept at his house, and is owned by him. Will that lead to insurance complications? Are there risks in saying it's kept at my house?

Thanks in advance.

Can't you keep it in his name but add you or an any driver cover? On this ocassion i'd suggest you nip in to a broker for their advice, it wont be the first time theyll have seen this scenario I doubt.

[alscar]

TheHeadhunter said:

We are stopping my father in law from driving, he is slowly deteriorating and having a couple of non-driving cognitive scares in the last couple of week, we're doing the right thing and pulling him off the road.

We're keeping his car as we want to, ultimately, get carers insured on it, so we've decided to insure it in my name (god knows how, but I'm the lowest risk person in the family - zero points or claims for 20+ years and early 50s).

But, the car will be kept at his house, and is owned by him. Will that lead to insurance complications? Are there risks in saying it's kept at my house?

Thanks in advance.

You probably need to go to a more specialist broker like Fish Insurance especially with the addition of the carers in mind.
You can take out the policy even if it is owned by your FIL but you need to tell them all the facts including where the car will be kept overnight etc.
Certainly don't tell them its at your house when its not !
Just be honest with what you want -its not a unique situation.

[Davie]

Insuring it in your name so his carers can drive? That's quite a risky position to put yourself in. Can you not use the likes of Cuvva or similar if it's only going to be occasional use?

[TheHeadhunter]

heisthegaffer said:

TheHeadhunter said:

We are stopping my father in law from driving, he is slowly deteriorating and having a couple of non-driving cognitive scares in the last couple of week, we're doing the right thing and pulling him off the road.

We're keeping his car as we want to, ultimately, get carers insured on it, so we've decided to insure it in my name (god knows how, but I'm the lowest risk person in the family - zero points or claims for 20+ years and early 50s).

But, the car will be kept at his house, and is owned by him. Will that lead to insurance complications? Are there risks in saying it's kept at my house?

Thanks in advance.

Can't you keep it in his name but add you or an any driver cover? On this ocassion i'd suggest you nip in to a broker for their advice, it wont be the first time theyll have seen this scenario I doubt.

I'm already on as a named driver, but the policy (which renews in 3 weeks) costs him £1,800/yr. (£2,400 without me on). To insure the car as if it were mine, and kept at my postcode (both nearby, same low risk area) would be £210.

[Neil-nvaua]

Couldn't you simplify it by changing the registered keeper on the V5 to you, then you insure it in your name.

He still legally owns it, you are the registered keeper which is what the insurance companies will ask on their application.

From memory we did this after my Dad died as my sister inherited his car but didnt yet have a licence so we changed registered keeper to me and I insured and used it.

[TheHeadhunter]

Davie said:

Insuring it in your name so his carers can drive? That's quite a risky position to put yourself in. Can you not use the likes of Cuvva or similar if it's only going to be occasional use?

No, sorry. We're not selling the car so that we can use it for carers (his current carers have cars but we are having to add more carers in).

In the short term, it's just to insure it once his policy runs out. It'll likely not be driven.

[TheHeadhunter]

Neil-nvaua said:

Couldn't you simplify it by changing the registered keeper on the V5 to you, then you insure it in your name.

He still legally owns it, you are the registered keeper which is what the insurance companies will ask on their application.

From memory we did this after my Dad died as my sister inherited his car but didnt yet have a licence so we changed registered keeper to me and I insured and used it.

Good idea, depends if it will save cost on the insurance. Adding a registered owner for no reason would not be ideal.

[Simon_GH]

There are a few companies out there who will insure you without any problems. A friend did this but you only have a few options. I can’t remember which company they finally used.

[Sheepshanks]

I wanted to do this when we kept daughter’s car when she got an EV (she lives at a different address to us).

Our usual insurer (LV) said “nope” and got the same from a couple of other mainstream insurers. Howdens (broker) seemed baffled why it would be a problem then came back with “hmm, not many will quote” - cheapest that would was 2x the price of putting me as RK, so changed it to me.

[silentbrown]

My mum has dementia and has live-in carers who do two-month stints each. We bought a runaround (her money, so she's technically the owner) but I'm the RK and it's insured in my name on an "any driver" policy with Fish (mentioned above). Bonus was that I had NCB available to use on that car - only risk is that a carer loses my NCB if they bend it.

[Jo-say8k]

If it's not going to be driven for a while then you could ask for 'laid up' cover?

[TheHeadhunter]

Jo-say8k said:

If it's not going to be driven for a while then you could ask for 'laid up' cover?

That's a possibility, but it actually doesn't save much and it would be useful to have the ability to drive if if needs be.

[AndrewT1275]

The high cost is probably more due to him being the main driver, rather than a result of where the car is. Have you tried just getting a quote with him as the registered keeper but not a covered driver?