Insurance and the fallacy of your parents on your policy.

[vsonix]

My mum's in her mid-70s and it's cheaper for me to insure 'her' car as mine and have her as a named driver than it is for her to have her own policy with or without me named on it. However to all intents and purposes it is my car anyway as I am registered keeper and I do all the maintenance and upkeep.

[Funk]

vsonix said:

My mum's in her mid-70s and it's cheaper for me to insure 'her' car as mine and have her as a named driver than it is for her to have her own policy with or without me named on it. However to all intents and purposes it is my car anyway as I am registered keeper and I do all the maintenance and upkeep.

Wouldn't this just technically be 'fronting' if she's the main driver? I always understood that policies were based on the highest-risk main driver (in this case your mum) rather than who owned and maintained the vehicle?

Edited by Funk on Tuesday 19th September 15:06

[a]

vsonix said:

My mum's in her mid-70s and it's cheaper for me to insure 'her' car as mine and have her as a named driver than it is for her to have her own policy with or without me named on it. However to all intents and purposes it is my car anyway as I am registered keeper and I do all the maintenance and upkeep.

"insure her car as mine" - meaning you've told them that you're the registered keeper, but she's the main driver? Nothing wrong with that.

If you've put yourself as the main driver but insured it at her address, then unless you live together it'll be fairly easy to work out you've lied.

[alangla]

One thing I found is that it matters quite a bit if your parents are still working or not.
Insurance companies (IMX) treat all retired people the same - it doesn't matter if you're a retired greenkeeper as in the previous example or a retired stuntman, as soon as they're retired, your discount will evaporate. The discounts also seem to disappear once you build up a decent NCB of your own - at some point it will start costing you money to have them on there.

[livinginasia]

So this is the other way round, but my 82 year old mother found it was cheaper if she added me to her policy as a named driver (I am 47) and cheaper still if my 50 year old sister was added as well. The joys of being middle aged I guess.

[Integroo]

vsonix said:

My mum's in her mid-70s and it's cheaper for me to insure 'her' car as mine and have her as a named driver than it is for her to have her own policy with or without me named on it. However to all intents and purposes it is my car anyway as I am registered keeper and I do all the maintenance and upkeep.

As the others have said, this sounds like unlawful fronting.

[vsonix]

a said:

vsonix said:

My mum's in her mid-70s and it's cheaper for me to insure 'her' car as mine and have her as a named driver than it is for her to have her own policy with or without me named on it. However to all intents and purposes it is my car anyway as I am registered keeper and I do all the maintenance and upkeep.

"insure her car as mine" - meaning you've told them that you're the registered keeper, but she's the main driver? Nothing wrong with that.

If you've put yourself as the main driver but insured it at her address, then unless you live together it'll be fairly easy to work out you've lied.

Nope, we do live at the same address.
And we do both drive all the cars. Well, she only drives the auto ones cos of her hip and knee issues but that's neither here nor there.
And I am the policy holder but as named driver she has the right to drive any and or all of the five cars on the policy.
So it's fully above board.

Edited by vsonix on Tuesday 19th September 16:51

[Integroo]

vsonix said:

a said:

vsonix said:

My mum's in her mid-70s and it's cheaper for me to insure 'her' car as mine and have her as a named driver than it is for her to have her own policy with or without me named on it. However to all intents and purposes it is my car anyway as I am registered keeper and I do all the maintenance and upkeep.

"insure her car as mine" - meaning you've told them that you're the registered keeper, but she's the main driver? Nothing wrong with that.

If you've put yourself as the main driver but insured it at her address, then unless you live together it'll be fairly easy to work out you've lied.

Nope, we do live at the same address.
And we do both drive all the cars. Well, she only drives the auto ones cos of her hip and knee issues but that's neither here nor there.
And I am the policy holder but as named driver she has the right to drive any and or all of the five cars on the policy.
So it's fully above board.

Edited by vsonix on Tuesday 19th September 16:51

You say that, but if one car is really her car and you drive it occasionally, it is still fronting.

[vsonix]

Integroo said:

You say that, but if one car is really her car and you drive it occasionally, it is still fronting.

No it's not
There's one insurance policy, five cars.
I am the main policy holder. My mother is a named driver on the policy and has all the same rights as I do. As already mentioned we live at the same address. I am the registered keeper of all the cars.
There's a couple of cars on the policy that she drives. One of them I refer to as 'hers' because she paid for it. And most times she goes out she takes that one. However, I drive it equally as often i.e. a couple of times a week. But on the occasions she decides she wants to take one of 'my' cars such as the E38 cos it's a longer journey or she has several passengers, she takes that instead. There's no 'fronting' whatsoever. But the long and short of it is, it's cheaper for her to be on a joint policy with me than on a single one of her own.

[sjj84]

You may also find with admiral that it is cheaper to insure the cars separately rather than on a multicar policy.

[Bibbs]

UK insurance is such a nightmare.

Here (Australia) my policy allows anyone to drive my car as long as they have a licence.

My excess just changes depending on their age.

[Integroo]

Admiral quoted me around £850 to swap my Civic to an S2000. Great. I sold my Civic. There is a gap between selling my Civic and buying something new. I ring them back up to take my Civic off for the moment. They run a quote on a different S2000. Still £850. Great. They say don't worry, remove the Civic for now, then when you buy a car we can add it on. Okay. They remove the car. Oh we will give you a reference number for the S2000 quote. Great thanks. Can't find it. Oh removing the car means we need to re-run it ... £1350. Which they can kindly bring down to £1120 with discounts. What a pain ...