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We've bought a bangernomics motor as our "new" family car for the daughter to learn to drive in. Our old lease deal was up at the same time she turned 17 so it was a no brainer. On the car at the moment she has a learner policy that is all her own. However when she passes I appreciate things change dramatically. I want her to have her own policy on the car which say Mrs ws can go as a named driver. I then want to keep my policy seperate so as she has no chance of affecting my 20 years of no claims. Thoughts?
You might have to split any claim between the 2 policies. My only reference to this was when looking at travel insurance. I get it free for me from the bank but also considered an annual policy for the family. I was told I would have to split any claim, paying two lots of excess was one downfall of this
Why would I have to split the claim? Only one person can be driving at once.
Yes, maybe the driver claims only on their policy if it's an accident while they are driving. But in the case of theft or fire or third party damage (and having to claim on insurance to fix it, e.g. someone keys the car), what happens then? Which policy do you claim on? Remember each insurer will know there's another policy on the car. Insisting the liability is split seems a logical thing for the insurer to do.
Be prepared for your daughter's insurance to be astronomical on an older car. My son's tried for quotes on my 17 year old Nissan saloon - over £4k. Quotes for a newish Kia, £1,600 fully comp.
Why would I have to split the claim?
Wouldn't it have been easier to just use Google?
Not entirely sure, but I've had house insurance refunded as I got the dates wrong and they couldn't both insure it during the overlap so I would have thought not.
You're implying you would only have this one car in the household? Would your ncd not be on another car? You can only accrue and use it on one policy at a time (I have two cars with separate plicies and separate ncd).
20 years no claims? Most insurers don’t take into account anything beyond ten, four years being the norm. And you should be able to take out no claims protection for a nominal fee.
Wouldn’t it have been easier to just use Google?
Hey thanks for that helpful response, are you new here? It's a standard thing to ask for real world views!
Who is the main driver? At least one of the policies wouldn’t make sense and would be a funny case of “fronting”
Protected no claims is a con, first question you get asked, have you had or been involved in an accident in the last x amount of years, which immediately affects your premium. There is no fronting, the car will be shared. I have a work van insured separately, I also have this car. I don't want my daughter on my policy, I want her to accrue her own no claims. Is it easier to have her as the main driver? I might just buy a heap and insure it so as to keep up my own policy.
Actually im sure ive tried this and it wasn't allowed. The car was still insured in the previous owners name and he didn't want to cancel it as he was weeks off a full year. So he had to drive it to ours on the last day and we insured it from midnight.
There is no fronting, the car will be shared
Shared 50:50? Otherwise you have a main driver. There’s no way any insurance company is going to accept “there is no main driver”, and if you say you aren’t the main driver on your policy then that’ll immediately raise eyebrows. Similarly on her policy she isn’t the owner of the vehicle, which can also give issues.
In short, speak to your insurers but expect them to chase you
IME they'll happily take your money. It's when a claim comes along they'll get 'funny' ie not very funny for you. Just have her insure the car, put you and your partner both on as named drivers if you want, but if you truly want no implications for your insurance I wouldn't have your name anywhere near that car.
Btw I found direct line very good for van/car insurance. Not unreasonable prices and they would do stuff like take NCD from car to van and vice versa when I switched vehicles, which a lot of them won't.
Get yourself added to daughters policy as another named driver. Your no claims is normally still valid for up to two years without a policy, so just make sure you insure something before it gets wiped.
You NCD lasts 3 years if you don't continue your policy. Just insure your daughter for a few years as the main driver, then flip back to you for a season.
I want her to accrue her own no claims
With Direct Line, named drivers accrue their own no claims, but it can only be used with Direct Line initially for their own policy when the time comes. I believe if the named driver then has the policy for long enough it becomes a "real" NCD and you could use it against policies with other insurers
I’m not going to argue the point anymore than to say that when I have had to make a claim and my NCD was unaffected I was pleased to have had it.
My mother managed to end up with two insurance policies on one car last year, then buggered up cancelling one and ended up cancelling both by accident. The icing on the cake was that she then drove into a Transit van.
Do not do this!
Daughter as the owner/main driver (or will Mrs W use it more?) and ask what happens when daughter's at uni and not driving for months (it wasn't a problem for DirectLine). Mrs W and you as named drivers on daughter's policy, or, you drive the car under third party cover from the van insurance with the owner's permission.
I've also had the travel insurance overlap thing, it's a specific question on claim forms
or, you drive the car under third party cover from the van insurance with the owner’s permission.
Be careful with this, most van policies do not give you third party cover on other vehicles.
As said, technically you can have to, but only claim on one.
However, the reality is that most insurers won't let this happen.
There's no chance in hell an insurance company will listen to to 'there's no main driver', and they will probably see it as some sort of odd fronting Fandango, which they are really cracking down on. If there's even the slightest whiff of that, rightly or wrongly, chances are the policy will be refused or cancelled. And you really don't want an insurer cancelled policy on your record.
Ncb lasts for 2 years when not used. So If it were me, id be getting her to sort the insurance and you as a named driver. Then in a year's time reassess the situation, and if it's going to stay the same, look at buying yourself an old shed to be insured on to keep your NCB. This way she accrue NCB and if she had an accident it wouldn't affect yours.
Protected no claims is a con,
It really isn’t.
first question you get asked, have you had or been involved in an accident in the last x amount of years, which immediately affects your premium.
Of course it does. You are a bigger risk. And the premiums are calculated based on risk.
Then your no claims discount is applied to the risk based premium.
Having NCD is exactly that, it’s a discount that’s applied to the calculated premium, based on your driving history/location/mileage/job/car etc etc.
If you think it’s a con, try the same quote with and without it.
You NCD lasts 3 years if you don’t continue your policy. Just insure your daughter for a few years as the main driver, then flip back to you for a season.
^^^ this, although I thought it was 2 years, not 3? I did this when I gave up my car (to avoid losing my 10+yrs NCD), and went year about with our remaining car shared with my wife. We were fairly evenly split on use though.
It's 2 years.
However in tbeory the car is currently insured with two policies. Our main policy and then the daughter is on a seperate learner policy. Mrsws reckons she saw something that can extend this after she has passed. Need to look in to that but it looks like standard policies are a no go.
OP, some policies such as the learner driver one you reference are designed to sit alongside the parents/primary policy so yes, in that instance, you can have two policies.
There are some policies that are designed to sit alongside a parents policy when the little darling has passed (see marmalade for an example). Same principle as the above.
However, unless the policy is designed to run in conjunction with another policy (and you'll be made well aware it MUST sit in conjunction with a parents policy) the answer is no, you can't insure it twice.
If you try and run two polices that are both supposed to be a primary cover, the motor insurance bureau (MID) will contact both insurers in 2/3 months to query why it's insured twice (in the example above with Marmalade, they don't add the vehicle to the MID, that is the responsibility of the parents policy/primary policy). One or the other insurers will then insist a policy be cancelled. If a claim occurs before this happens, it's likely your daughters insurer will try and subrogate 50% of its costs from your insurer and you may find that lovely no claims bonus may still be affected.
I’m not sure it’s actually going to be worth it. As someone else said some insurers offer to build up no claims for named drivers, you’ll have protected no claims. Her insurance will drop more substantially after 1 year of holding a full licence and being a year older than any no claims she’s accrued anyway. Then you wouldn’t be worried about her writing off your no claims if you expected her to make it through the year damage free!
Even if you are covered third party for other vehicles via the van, read the small print very carefully. Some cover only for exceptional use. Some (most) will definitely not cover if you (and in some cases a spouse) own the vehicle. Any I have seen are only third party on other vehicles so if you crash it could be way more expensive than an insurance policy would have been.
M
Thanks for that clarification on the time NCD lasts without a policy a11y and submarined. We'll be needing to flip it next year then! Potentially saved me a bollocking from the missis in 18 months time.