Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • MikeWhite
    • By MikeWhite 19th Jun 17, 4:03 PM
    • 474Posts
    • 212Thanks
    MikeWhite
    Car with multiple insurance policies
    • #1
    • 19th Jun 17, 4:03 PM
    Car with multiple insurance policies 19th Jun 17 at 4:03 PM
    Hi,

    my car is insured in my name. My son is also covered, under his own "learner only" policy. I am likely getting another car soon, so intend to switch my policy to that one. Am I best to keep the original car in my name, insured just on his policy? A problem doing that is I would not be insured to drive it under my policy as it would not be "not owned by you etc".
    The alternative is to transfer the car into his ownership and presumably notify his insurers? Or transfer it to my wife's name....

    Thanks!
Page 1
    • caprikid1
    • By caprikid1 19th Jun 17, 4:58 PM
    • 476 Posts
    • 488 Thanks
    caprikid1
    • #2
    • 19th Jun 17, 4:58 PM
    • #2
    • 19th Jun 17, 4:58 PM
    You do need to check all policy wording on whatever you decide.




    You may find put the car in his name and you as a second driver on his policy could lower the premium for him.
    • skipness
    • By skipness 19th Jun 17, 5:31 PM
    • 41 Posts
    • 15 Thanks
    skipness
    • #3
    • 19th Jun 17, 5:31 PM
    • #3
    • 19th Jun 17, 5:31 PM
    Unless you transfer to your wife or your son at the very end of the month you will end up making a "donation" to the DVLA of the unused portion of the ved.
    • MikeWhite
    • By MikeWhite 20th Jun 17, 8:58 AM
    • 474 Posts
    • 212 Thanks
    MikeWhite
    • #4
    • 20th Jun 17, 8:58 AM
    • #4
    • 20th Jun 17, 8:58 AM
    Unless you transfer to your wife or your son at the very end of the month you will end up making a "donation" to the DVLA of the unused portion of the ved.
    Originally posted by skipness
    That's a very good point. I haven't had to amend a vehicles owner for 15 years or so - how can I ensure transfer day is on the last day of a month, please? Can I send the V5 part in in advance, with a future transfer date on it?

    EDIT: I've just found the DVLA page that allow notification online, I'll try and to that on the exact right day.
    Last edited by MikeWhite; 20-06-2017 at 9:01 AM.
    • onomatopoeia99
    • By onomatopoeia99 20th Jun 17, 12:21 PM
    • 3,530 Posts
    • 7,749 Thanks
    onomatopoeia99
    • #5
    • 20th Jun 17, 12:21 PM
    • #5
    • 20th Jun 17, 12:21 PM
    The V5C is not a title document (it says so clearly on the front), it names the "registered keeper", not the owner. You can give the car to your wife or son any time you want without having to tell the DVLA anything as there is no central registry of car ownership in this country.

    You and/or your son may need to tell your insurer(s) though if you give the car away though as they normally ask if the car is owned by you when taking out the policy and it may form part of their assessment of risk.

    Other things to note about using the "Driving other cars" provision:
    It's third party cover only, damage to the vehicle you are driving is not covered.
    Some insurers require that the car has a policy in its own right for another driver (not all though, contrary to oft stated opinion). IF your son has learner only insurance and you're relying on this it might vanish when he passes his test - honestly I have no idea what the specific provisions are on this kind of insurance.
    Cars means cars, not vans, minibuses etc. Some vehicles are a bit difficult, when I asked about driving a friend's Bongo, the insurers were vague as they couldn't decide if it was like an overgrown Espace (so a car), or a van with windows or a minibus. We didn't bother in the end.
    INTP, nerd, libertarian and scifi geek.
    Home is where my books are.
    • Huskydays
    • By Huskydays 20th Jun 17, 1:56 PM
    • 83 Posts
    • 311 Thanks
    Huskydays
    • #6
    • 20th Jun 17, 1:56 PM
    • #6
    • 20th Jun 17, 1:56 PM
    A lot of 'learner driver' insurance plans that I've seen work on the provision that the car must be owned and also separately insured by a person who is not the learner (i.e. you).
    If this is the case for your son's cover then keeping the car in your name and cancelling your insurance would invalidate his policy - so I would definitely check with his insurers before considering this option.
    • MikeWhite
    • By MikeWhite 20th Jun 17, 2:24 PM
    • 474 Posts
    • 212 Thanks
    MikeWhite
    • #7
    • 20th Jun 17, 2:24 PM
    • #7
    • 20th Jun 17, 2:24 PM
    A lot of 'learner driver' insurance plans that I've seen work on the provision that the car must be owned and also separately insured by a person who is not the learner (i.e. you).
    If this is the case for your son's cover then keeping the car in your name and cancelling your insurance would invalidate his policy - so I would definitely check with his insurers before considering this option.
    Originally posted by Huskydays
    Good points. I've checked the documents and cannot see any mention the car requiring insured by another person. The policy does cease immediately (if!) he passes his test, though, so I may be safest to go for a multi-car policy. My existing policy expires end of August.
    The car, by the way, is 18 years old so has a value very close to zero!

    Oh, and that help avoid the tax stopping and restarting and any unwanted donations to the DVLA.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

131Posts Today

1,649Users online

Martin's Twitter