Insuring a Classic Car when i am not on the V5
Discussion
My girlfriend's Dad is the proud owner of 3 Morris 8 Series E Tourers that were passed down to him from his Dad and are basically family heirlooms. My girlfriend is entitled to one of these cars and the idea is that we are going to have the car at our place. Eventually, her name will be on the log book, but at present her Nan's name (Dad's mum) is on the V5. I will be doing any necessary maintenance on the car and we are looking for insurance so that i can drive it around.
The problem seems to be that:
a) I am only 23.
b) I am not the registered keeper of the car.
The car will not be put in my name as if me and my girlfriend split up, obviously i will have gained a classic car! The car is currently insured by her Nan, and for me to be a named driver on her policy will cost around £150, which is the only option currently available to us. Is it possible to take out insurance on a car i don't legally own and if i can is it likely to be any cheaper than being a named driver on her policy?
Mods, please feel free to move this to wherever, cheers.
The problem seems to be that:
a) I am only 23.
b) I am not the registered keeper of the car.
The car will not be put in my name as if me and my girlfriend split up, obviously i will have gained a classic car! The car is currently insured by her Nan, and for me to be a named driver on her policy will cost around £150, which is the only option currently available to us. Is it possible to take out insurance on a car i don't legally own and if i can is it likely to be any cheaper than being a named driver on her policy?
Mods, please feel free to move this to wherever, cheers.
First: the form V5 has nothing whatsoever to do with ownership of a vehicle. The person who keeps the vehicle must be registered with the DVLA. If you are going to keep the vehicle, then you must be registered as its keeper. If your girlfriend is going to keep the vehicle, then she must be registered as its keeper. From your account, the one person who is not keeping the vehicle is the person named as its keeper on the register of motor vehicles at Her Majesty's Driver and Vehicle Licensing Agency.
There is no register of title to motor vehicles in this country; nor do we have standard form documents of title. There is nothing to stop you and the owner of a vehicle recording in signed writing that for the avoidance of doubt, title to the vehicle remains vested in one party notwithstanding the other party is keeping it for the time being.
Second: anyone can take out a policy of insurance against any risk. In respect of motor insurance, there is no requirement that the holder of a policy of insurance providing cover against risks arising from the possession or use of a vehicle should be that vehicle's keeper.
My advice to you would be to get your documents in order and contact a specialist classic broker.
There is no register of title to motor vehicles in this country; nor do we have standard form documents of title. There is nothing to stop you and the owner of a vehicle recording in signed writing that for the avoidance of doubt, title to the vehicle remains vested in one party notwithstanding the other party is keeping it for the time being.
Second: anyone can take out a policy of insurance against any risk. In respect of motor insurance, there is no requirement that the holder of a policy of insurance providing cover against risks arising from the possession or use of a vehicle should be that vehicle's keeper.
My advice to you would be to get your documents in order and contact a specialist classic broker.
Registered Keeper and Owner are not the same thing. It is perfectly possible to be the RK and not own the car (just ask any lease or company car driver).
Adding yourself as named driver, then effectively being the main driver isn't a great solution. You would need to be main driver.
There is nothing stopping you insuring something you don't own. It can be tricky, in that if you write it off, you then get the money for something you don't own ! For this reason insurer will want to know who does own it, so "family member" is often OK. Although many of the larger direct writers won't like this (Direct Line for example).
I would imagine £150 is the cheapest option (if you are main driver), even compared to a limited mileage classic policy.
Adding yourself as named driver, then effectively being the main driver isn't a great solution. You would need to be main driver.
There is nothing stopping you insuring something you don't own. It can be tricky, in that if you write it off, you then get the money for something you don't own ! For this reason insurer will want to know who does own it, so "family member" is often OK. Although many of the larger direct writers won't like this (Direct Line for example).
I would imagine £150 is the cheapest option (if you are main driver), even compared to a limited mileage classic policy.
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