Please help.... Insurance Question.

[timsta]

Can someone insure a car for someone else?

For example, I have a car which I never drive. Is it possible for me to insure it for someone else to drive, like a son/daughter?

I'm pretty sure I can, but I need to settle an argument with someone "who has been in insurance for years."

Any links would be greatly appreciated!

Many Thanks
Tim

[esselte]

You'd have to insure it yourself and add your kid on as named driver I think.Why not just insure it in their own name?

[allaway]

Insurance companies will enquire as to why you would want to do this? Perhaps to gain cheaper insurance as you are older? If your son/Daughter is the main user then the policy should be rated on them not you.

[timsta]

allaway said:

Insurance companies will enquire as to why you would want to do this? Perhaps to gain cheaper insurance as you are older? If your son/Daughter is the main user then the policy should be rated on them not you.

Sorry, I meant that I'll be the beneficiary, as it would be my car, however, I wouldn't be insured to drive it.

[david_s]

timsta said:

allaway said:

Insurance companies will enquire as to why you would want to do this? Perhaps to gain cheaper insurance as you are older? If your son/Daughter is the main user then the policy should be rated on them not you.

Sorry, I meant that I'll be the beneficiary, as it would be my car, however, I wouldn't be insured to drive it.

Our works van is owned by the company and insured by me. My name appears nowhere on the registration documents but I am the driver named on the insurance policy. I had no trouble arranging such insurance and dont think you would have ny either.

[dontfollowme]

The traditional view is that to insure the car you need to be the owner and registered keep. Unless your spouse/partner is, your employer is or its a lease car. Some insurers prefer to be insuring the real risk so will allow a son or daughter to insure a parents car.

[WeirdNeville]

You have to look carefully at the small print. Some companies aren't bothered if the policy holder is also the registered keeper, and some companies insist that they are.

I believe Admiral are okay with it. Our old car was registered to me but insured with my Other half as the policy holder because she had to use it for Business, and only the policy holder can be covered for Business use. This was fine and covered in the small print.

Phone around and specify that's how you want it to work. Plenty of cars are registered to companies but people hold theer own insurance to drive them (Lease cars for example) so it shouldn't be a problem.

[WildCat]

Never been asked to provide proof that I am RK. Have been required to show driving licence if new policy with new insurer.


We insure the eldest kittens' car for them... we own these cars und they are registered to our keep. But we arranged the policy in their names but added ourselves as named drivers on these policies. Ist not cheap though .. but ..our own cars are too much of wild cats for these "kitten cubs" to handle .. They are named on the big cat policies .. but only allowed to drive these beasts under our supervision.

Let us just say that it ist ridiculous that one can pass a driving test one day und buy the fastest wheels within the hour. Handling these performance cars comes with experience of learning to walk before running.

But back to topic.. I think you can insure in their name .. but you will have to have yourself as named driver on the policy.

[timsta]

Thanks everyone, that's just the sort of views I wanted, especially the lease, as that is the sort of thing I was trying to get across.

Tim

[SJobson]

To insure a car, you need to have an insurable interest in it - i.e. you would suffer some loss if it were stolen, damaged or written off. I tried to insure my uncle's car in my own name when he lent it to me while banned, and couldn't - it had to be insured in his name with me as named driver (and clearly, being banned, he wasn't going to be doing any driving).

If an insurer will insure you on a vehicle which you don't own and which you're not registered keeper of, it's probably because they haven't asked the right questions. Might be an issue if there's ever a claim... tell me what you've lost. Ah, nothing, since it's not yours.