Insurance on First Car for Daughter
Discussion
My daughter will be turning 17 very soon and we have found an ideal car which we will be collecting next week. What is the correct/best way to handle Insurance and who the registered keeper is before she reaches 17?
We will need to Insure the car in order to get it home and we will then probably use it a couple of times a week to keep everything ticking over.
The plan was to add it to either my wife's policy or mine initially as an additional car, but I had planned to make my daughter the registered keeper straight away so as to avoid an additional owner on the V5.
As soon as she is ready to actually drive the car we will be getting a policy in her name with us as named drivers.
I'm sure I'm not the first person to be in this position but thought I would ask here for suggestions.
We will need to Insure the car in order to get it home and we will then probably use it a couple of times a week to keep everything ticking over.
The plan was to add it to either my wife's policy or mine initially as an additional car, but I had planned to make my daughter the registered keeper straight away so as to avoid an additional owner on the V5.
As soon as she is ready to actually drive the car we will be getting a policy in her name with us as named drivers.
I'm sure I'm not the first person to be in this position but thought I would ask here for suggestions.
Learner driver insurance on a pay monthly basis might be your best bet.
Example: https://www.collingwood.co.uk/learner-driver-insur...
- Register the car in her name.
- Insure it under yours or your wifes name.
- Your daughter can drive is using the bolt on insurance with you as a passenger.
- When your daughter passes, the learner insurance becomes invalid and you insure the car in your daughters name.
Example: https://www.collingwood.co.uk/learner-driver-insur...
- Register the car in her name.
- Insure it under yours or your wifes name.
- Your daughter can drive is using the bolt on insurance with you as a passenger.
- When your daughter passes, the learner insurance becomes invalid and you insure the car in your daughters name.
Most cost effective way is likely to be adding to your policy or your wife’s then as you suggest. There shouldn’t be an issue if your daughter is registered keeper.
If one of the policies is due to renew in around 3-4 months that would be ideal to avoid any cancellation fee when you go to insure it in your daughters name, although any fee might be exceeded by the difference in what each company want to charge so it’s not a guaranteed way to save.
Then as a poster above says you may find learner driver insurance which adds her cover on top of the insurance in one of your names is cost effective. Although building NCB while she is learning and relatively low risk and cheap to insure shouldn’t be overlooked.
ETA: the link provided above does mention accelerated NCB so you may be able to do that and get NCB, I would check out how long she needs to be insured for it.
Another benefit of learner bolt on insurance is that when she passes a fresh comparison can be made for the most competitive policy for her as a new driver. If you bought the cheapest normal insurance policy when she started to learn and she passes you may find they aren’t massively competitive after that and have to decide between paying more to keep earning the years NCB or starting again.
If one of the policies is due to renew in around 3-4 months that would be ideal to avoid any cancellation fee when you go to insure it in your daughters name, although any fee might be exceeded by the difference in what each company want to charge so it’s not a guaranteed way to save.
Then as a poster above says you may find learner driver insurance which adds her cover on top of the insurance in one of your names is cost effective. Although building NCB while she is learning and relatively low risk and cheap to insure shouldn’t be overlooked.
ETA: the link provided above does mention accelerated NCB so you may be able to do that and get NCB, I would check out how long she needs to be insured for it.
Another benefit of learner bolt on insurance is that when she passes a fresh comparison can be made for the most competitive policy for her as a new driver. If you bought the cheapest normal insurance policy when she started to learn and she passes you may find they aren’t massively competitive after that and have to decide between paying more to keep earning the years NCB or starting again.
Edited by Dingu on Friday 23 June 10:37
r6blacky said:
We've gone for the obligatory Fiat 500 for our daughter but I suspect your son might have other ideas!
The Fiat 500/Ford KA Mk2 were the cheapest to insure when we were looking around for a first car as well. Apparently only having 2 belts in the back helps as that lowers the risk factor compared to one with 3 belts as they are deemed less likely by the insurer to fill the car up with their friends then have a 'watch this' moment.
The WV Fox is also cheap to insure although it is not 'cool' so will probably be binned off the list for that reason.
r6blacky said:
The Collingwood learner driver insurance looks like a great option when my daughter starts driving the car herself.
I'll call my insurer to get their stance on me insuring the car initially with her as the registered keeper.
If you already have car insurance in your name then you can insure a second car in your name but the NCB, etc wont apply as it cant be on two vehicles at the same time.I'll call my insurer to get their stance on me insuring the car initially with her as the registered keeper.
Same idea as insuring a motorbike and a car in your name, two separate policies.
KTF said:
If you already have car insurance in your name then you can insure a second car in your name but the NCB, etc wont apply as it cant be on two vehicles at the same time.
But the question remains about whether I can do that if this 2nd car has someone else as the registered keeper.r6blacky said:
FWIW said:
Bookmarked as I’m about to do this for my son who turns 17 in September.
On a related note, what’s the cheapest car to insure for a 17 year old?
We've gone for the obligatory Fiat 500 for our daughter but I suspect your son might have other ideas!On a related note, what’s the cheapest car to insure for a 17 year old?
r6blacky said:
But the question remains about whether I can do that if this 2nd car has someone else as the registered keeper.
We did this:- The V5 is in the step daughters name.
- My wife insured the car in her name.
- My step daughter learned in it using the bolt on learner insurance.
After passing the test the learner driver insurance was cancelled and my step daughter insured the car in her name.
I don't think insurance companies care who the registered keeper is. See lease cars you have to insure yourself for example.
KTF said:
r6blacky said:
But the question remains about whether I can do that if this 2nd car has someone else as the registered keeper.
We did this:- The V5 is in the step daughters name.
- My wife insured the car in her name.
- My step daughter learned in it using the bolt on learner insurance.
After passing the test the learner driver insurance was cancelled and my step daughter insured the car in her name.
I don't think insurance companies care who the registered keeper is. See lease cars you have to insure yourself for example.
I will speak with my insurer and will report back if there is anything to add for other people's benefit.
Be careful out there. My son passed yesterday.
I insured my son on a 23 year old MR2, learner policy, over £400. These only last until the second you pass. He did passes after 6 months and bam, £31 refund. New policy? Cheapest they could offer was £6500.
So we had the " I need insurance, right now, today" because your car has to be insured at all times. Pass means it cancels.
The first thing you need to do is get on a configurator with one of the popular comparison sites. Firstly, add additional drivers, parents, anyone over 40 to ascertain the impact. Don't front and do declare your child as main user.
Secondly, arrange the policy at least a week ahead as an "on the day" policy can boost the premium £500 or more, especially before a weekend.
I did find that pushing up the voluntary excess doesn't actually make a huge difference so try keeping it lower and see the trade-off. Go compare offer a free £250 excess policy. Probably more use than films and food.
Similarly, there wasn't a huge difference between 3000 miles a year and up to 10000 miles a year.
Same with commuting in peak times, not as big an impact as I thought.
So it's a question of playing with the configurator, endlessly editing the quote and policy start date until yo arrive at the optimum premium. We ended up with Churchill Drive sure.
The first year is the big one, the second year tends to be far less.
I insured my son on a 23 year old MR2, learner policy, over £400. These only last until the second you pass. He did passes after 6 months and bam, £31 refund. New policy? Cheapest they could offer was £6500.
So we had the " I need insurance, right now, today" because your car has to be insured at all times. Pass means it cancels.
The first thing you need to do is get on a configurator with one of the popular comparison sites. Firstly, add additional drivers, parents, anyone over 40 to ascertain the impact. Don't front and do declare your child as main user.
Secondly, arrange the policy at least a week ahead as an "on the day" policy can boost the premium £500 or more, especially before a weekend.
I did find that pushing up the voluntary excess doesn't actually make a huge difference so try keeping it lower and see the trade-off. Go compare offer a free £250 excess policy. Probably more use than films and food.
Similarly, there wasn't a huge difference between 3000 miles a year and up to 10000 miles a year.
Same with commuting in peak times, not as big an impact as I thought.
So it's a question of playing with the configurator, endlessly editing the quote and policy start date until yo arrive at the optimum premium. We ended up with Churchill Drive sure.
The first year is the big one, the second year tends to be far less.
KTF said:
Learner driver insurance on a pay monthly basis might be your best bet.
Example: https://www.collingwood.co.uk/learner-driver-insur...
- Register the car in her name.
- Insure it under yours or your wifes name.
- Your daughter can drive is using the bolt on insurance with you as a passenger.
- When your daughter passes, the learner insurance becomes invalid and you insure the car in your daughters name.
That doesn't really answer the OP's question, which is about insuring the car when daughter is 16. Example: https://www.collingwood.co.uk/learner-driver-insur...
- Register the car in her name.
- Insure it under yours or your wifes name.
- Your daughter can drive is using the bolt on insurance with you as a passenger.
- When your daughter passes, the learner insurance becomes invalid and you insure the car in your daughters name.
OP, you can check with individual insurers, but I guess the best way is as you suggested, add the car to your policy until her birthday. Speak to your insurers and explain that the car will be registered in her name, but obviously she won't be driving it. Owning and being the registered keeper of a car under 17 isn't a problem, but insurance can be.
r6blacky said:
My daughter will be turning 17 very soon and we have found an ideal car which we will be collecting next week. What is the correct/best way to handle Insurance and who the registered keeper is before she reaches 17?
We will need to Insure the car in order to get it home and we will then probably use it a couple of times a week to keep everything ticking over.
The plan was to add it to either my wife's policy or mine initially as an additional car, but I had planned to make my daughter the registered keeper straight away so as to avoid an additional owner on the V5.
As soon as she is ready to actually drive the car we will be getting a policy in her name with us as named drivers.
I'm sure I'm not the first person to be in this position but thought I would ask here for suggestions.
We've recently been through this.We will need to Insure the car in order to get it home and we will then probably use it a couple of times a week to keep everything ticking over.
The plan was to add it to either my wife's policy or mine initially as an additional car, but I had planned to make my daughter the registered keeper straight away so as to avoid an additional owner on the V5.
As soon as she is ready to actually drive the car we will be getting a policy in her name with us as named drivers.
I'm sure I'm not the first person to be in this position but thought I would ask here for suggestions.
Our multi-car insurer insured me. I am the RK.
17 year old used Veygo until they passed.
Once passed 17 year old went with "Go Girl". I remain the RK.
The 17 year old can accrue NCB with their own policy, even if they are not the RK. However I don't think there is a minimum age limit to be a RK. Nor does it seem to matter much who the RK is, for insurance purposes. So AFAIK you COULD make your daughter the RK and you insure it, even though she is not seventeen.
FWIW said:
r6blacky said:
FWIW said:
Bookmarked as I’m about to do this for my son who turns 17 in September.
On a related note, what’s the cheapest car to insure for a 17 year old?
We've gone for the obligatory Fiat 500 for our daughter but I suspect your son might have other ideas!On a related note, what’s the cheapest car to insure for a 17 year old?
17yr as registered keeper and insurance in her name.now two years No claims and it’s now becoming very reasonable to insure.
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