Four people insured on a single vehicle?
Discussion
Me and my brother are thinking of going halves on an Elise. My partner will need to be insured as will his.
How will the insurance work, a policy for each of us with two extra named drivers or a single policy for four?
I don't like the idea of a single policy (probably in my name) that three other people hang off.
How will the insurance work, a policy for each of us with two extra named drivers or a single policy for four?
I don't like the idea of a single policy (probably in my name) that three other people hang off.
pops and bangs said:
I could be wrong (probably am) but I don't think you can have two policies on one vehicle.
It will need to be one policy with additional drivers as named drivers.
I was thinking the same thing, stops multiple claims for a single accident.It will need to be one policy with additional drivers as named drivers.
There must be a way of splitting a single policy onto two main drivers and two additional drivers.
Why would you want two "main drivers"? The main driver just needs to be the one person who uses the car most (or if it's close, they don't seem to care) and the other three can be named drivers.
I'm fairly sure you can't have two policies providing third party cover on the same car, but the main driver and the policy holder are not linked in any way so any of you can be the policy holder (although some, maybe all, insurers insist that it's the registered keeper).
I'm fairly sure you can't have two policies providing third party cover on the same car, but the main driver and the policy holder are not linked in any way so any of you can be the policy holder (although some, maybe all, insurers insist that it's the registered keeper).
Edited by kambites on Thursday 4th October 09:32
Riknos said:
You can't have two policies, it's illegal. One of you will have to be the main driver and the others named driver.
No it's not. It would be illegal to claim on them both for a single incident but no reason two people cannot insure something in their own name to cover it for when they are using or responsible for it.For example, if I am going to view a car that's for sale, perfectly legal for me to take out a day policy to cover my test drive.
LukeSi said:
Who is gonna be the RC? Go with whichever of you gets the cheaper quote.
This. If you two owners are going to drive it a similar amount, get yourself on confused.com or whatever and see who is the most insurable, then make them the registered keeper (which starts with a K 
), and insure them as the main driver and the other three as named. No issue at all with that.You aren't supposed to have two permanent policies in place for the same insurable interest. If you insure a car for a test drive, even though that's temporary, that means the owner's insurance is invalid for the time you're driving it and using that policy.
When I bought a 1986 RX7 to share with my brother I called the insurance chap on the telephone, explained the car was going to be used equally by both of us and gave details of the adresses we'd be keeping it at. They then insured it with me as the main driver with the other drivers as named drivers.
Full disclosure to the insurer and I made the details their problem. I suppose it makes it hard to shop around, but as it cost us £150 fully comp I wasn't bothered.
Mrs Muppet drove it once, and Dr-Muppet-in-Law drove it once, neither of them really got on with it (no PAS or torque, and the exhaust was a triffle loud). So hardly worth putting the girls on the policy.
My 4 year old nephew still does a good impression of the car, which involves holding his hands in front of him like the pop-up lights, and screaming.
Full disclosure to the insurer and I made the details their problem. I suppose it makes it hard to shop around, but as it cost us £150 fully comp I wasn't bothered.
Mrs Muppet drove it once, and Dr-Muppet-in-Law drove it once, neither of them really got on with it (no PAS or torque, and the exhaust was a triffle loud). So hardly worth putting the girls on the policy.
My 4 year old nephew still does a good impression of the car, which involves holding his hands in front of him like the pop-up lights, and screaming.
McSam said:
LukeSi said:
Who is gonna be the RC? Go with whichever of you gets the cheaper quote.
This. If you two owners are going to drive it a similar amount, get yourself on confused.com or whatever and see who is the most insurable, then make them the registered keeper (which starts with a K ), and insure them as the main driver and the other three as named. No issue at all with that.You aren't supposed to have two permanent policies in place for the same insurable interest. If you insure a car for a test drive, even though that's temporary, that means the owner's insurance is invalid for the time you're driving it and using that policy.
kambites said:
In practice it usually is illegal, because every (normal) insurance policy I've ever read states that the contract is void if another third-party policy exists on the vehicle.
Only the person driving the car would be liable for 3rd part losses, the other policy could not be claimed on while the other person had control of the car. Insurance companies are fine with most odd situations, as long as you let them know, and the intent is not to commit fraud.As an example, my wife insures our daily driver (with me named), but is neither the RK or the owner. The insurance co are happy with this, as its the most correct way of insuring the car (I bought it, its my responsibilty, but she drives it most).
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