Best way to do insurance

[QJumper]

If you insure her, it will cost you £4-4.8K over the four years, just to maintain her no claims bonus.

Do you think it will cost that much to start again from scratch?

[TwigtheWonderkid]

Darola66 said:

- as I’m the main driver on my company car policy, I assume only I can take the no-claims earnt from it

You normally don't earn NCB on a company car. Nor are there usually main drivers. It's a policy in the company name, covering any driver (maybe over 25 or whatever). If it's on a fleet policy, it won't be ncb rated anyway.

[alscar]

On the basis she will be driving your company car and you have a car then maybe no need to pay for her insurance at all.
Or buy her a cheap runabout and insure her on that.

[Snappy89]

alscar said:

On the basis she will be driving your company car and you have a car then maybe no need to pay for her insurance at all.
Or buy her a cheap runabout and insure her on that.

Concur with this. A cheap runabout would probably be the more sensible option.

Also if she really is that bad, I'm not sure I'd want her anywhere near any car my name was on.

[OutInTheShed]

Ask the meerkats what her insurance will be with that history, in a couple of years, with and without NCB.
NCB is often vastly over-rated, particularly protected NCB with a poor history.
You can often get nearly the same premium from a different company with no NCB.

But not always, these things work in mysterious, occasionally random, ways.

You could leave it until 23 months (???) of no insurance in her name and her NCB would still be valid. DYOR!

By which time either her history is improving or she's been banned or something?

[loskie]

Darola66 said:

TwigtheWonderkid said:

Darola66 said:

- as I’m the main driver on my company car policy, I assume only I can take the no-claims earnt from it

You normally don't earn NCB on a company car. Nor are there usually main drivers. It's a policy in the company name, covering any driver (maybe over 25 or whatever). If it's on a fleet policy, it won't be ncb rated anyway.

There is a clause in the company car policy that states evidence of achieved NCB will be provided.

BUT is she the MAIN insured driver on the co car? If not no NCB

[loskie]

Get her her own cheapest ins group car to drive and tell her to behave

[rayny]

Darola66 said:

There is a clause in the company car policy that states evidence of achieved NCB will be provided.

The evidence of the NCB would need to be acceptable to the new insurer - Not all insurers will accept a letter from the insurer of a company car.

[Monkeylegend]

Is it your company or one that employs you?

She sounds like a liability re the company car so I would tell her to buy and insure her own car.

There could be adverse consequences doing it this way though.

[Monkeylegend]

If she is as bad a driver as you say I doubt your company will be to enamoured when she has another incident whilst on their insurance.

Or presumably they don't mind supplying you with a fully insured car that she will be driving presumably knowing about her driving history.

I wonder what the tax implications are also with this situation?

[TwigtheWonderkid]

rayny said:

Darola66 said:

There is a clause in the company car policy that states evidence of achieved NCB will be provided.

The evidence of the NCB would need to be acceptable to the new insurer - Not all insurers will accept a letter from the insurer of a company car.

Exactly right. For most insurers, NCB is having had a policy in your own name with no claims that affected ncb. Doesn't matter if you're the main driver or someone else is, the policyholder earns the bonus, even if they rarely drive it.

A letter from a company car insurer saying "This company car was allocated to rayny and no claims were made for x years" may not be acceptable to another company.