build up no claims

buckrogers

Hi all
my daughter has been driving for 8 years now, and i was wondering if my son who just passed his driving test,,who's 18 years old, onto her car insurance as a additional driver, can he after say 2 -3 years 'no claims' be able to take out is own car insurance in is name and use the 2-3 no claims that hopefully he can build up, be transfered over to him?

hope i explained my self probably

Quentin

Not with "proper" NCD. (Which he could take to any insurer). This has to be earned in your own name as a policyholder.

As a marketing ploy, some insurers do allow named drivers to earn "NCD", but this can only be used to buy a policy subsequently with that same company.

luci

OH and I used to take the car insurance out in his name one year and my name the next to keep our NCD. However some companies now only allow you to keep it for 6 months.

When we got 2 cars I took out insurance with Royal and Sun Alliance (think they may have been taken over or merged), but they had a deal at the time that a named driver could get the same NCD as the policy holder. OH instantly got 7 years NCD.

However I'm not sure, and doubt, that they would do this for a new driver, but it's worth looking for.

buckrogers

Thankyou both :-)

just been looking at http://www.churchill.com/

so really its no good, ' your stuck with them just to keep it, and insurance might be cheaper else where after a few years but you have NND as other insurance companys might not except it, which seems a con.
No wonder there is so much insurance fraud , 'fronting' in a desperate attempt to slash the price of motor insurance premiums
After paying all the money for driving lessons and getting there driving licence to say they have passed and now can drive, they want £2000-£3000 insurance for a old £300 banger, it should be £300-£400 and then if they have a claim then put up insurance, but it seems all teens are tarnish with the same brush no matter what.

Named drivers will earn their own no claims discounts

Churchill now offer your named drivers the opportunity to earn their own Named Drivers No Claims Discounts (NDNCD).
Named drivers can earn their own discount while they remain claim free on your policy. They will be rewarded with up to a maximum of 3 years NDNCD when they take out a Churchill policy of their own. Other insurers may not recognise NDNCD.
The Named Driver No Claims Discount may be lower than the No Claims Discount (NCD) available to you as the policyholder. Once applied to a policy the NDNCD works the same way as NCD in that if you make a claim the NDNCD will be reduced.
Taking advantage of this deal couldn't be easier. Your named drivers' no claims histories are automatically stored on our system, so when they come to apply for their own policy they simply need to give us your details online or on the phone and we can identify them immediately, at which point they will be able to receive up to a maximum of 3 years Named Driver No Claims Discount on their own policy.

andy2004

well I see the point of the above, when i was a leaner they never had that deal, when i finally took out my own insurance, i was driving on my dads from 18-25, and 25-30 on my mums, because of the high amount they wanted.
If the insurance of the above is cheap enough that would knock of 3years NCD on their insurance when they took out their own policy, ok they would still need to be with churchill, question is, how much difference would it be than if they took it out with the cheapest insurer, over the same period.
theoritic example if £300 car cost 3000 for the cheapest insurance using the comparisons sites for year 1, followed by 2500 2nd year, 3rd 2200, and 4th 2000, then doing a comparision on having them on yours and getting the 3years max and then taking out their own on the 4th with the 3years NCD, would be a lot less per year then I would say good deal, do it, that would be worth it just for the saving. after all putting someone named driver on your insurance would only put it up say £100-150, when my dad put me on his it was only £120 a year total, he paid an extra £20 for me to drive as a learner and driver when i passed, and i was literally doing most of the driving, we told the insurance company i would be doing most of the driving.
Doing this saved me £600 a year on insurance, when i got to 30 I had to get my own insurance due to the fact they wanted £800 if my mum took out a new policy as she lost her 75%NCD for not having a car for 3 years, but it only cost £480 for me, still cant believe still just over 300 even with my 4years NCD.