advice on 2nd car

FirstTimer4Me

hiya

my oh has bought a car to run around in L reg fiesta

i have comprehensive cover on our car and my oh is a named driver do i add the car to my policy or do i need a new seperate policy?

the car is only worth around £200 - £300

ta for any help

Quentin

You can get policies to cover more than one car, but it may be cheaper to have separate policies (and benefit from cashback for both of them).

Consider a comprehensive policy with a massive voluntary excess for the £300 fiesta (as claiming for any self inflicted damage wouldn't be cost effective after taking into account excess and loss of NCD).

Some will let you have an excess of £1000, and the premiums can work out cheaper than third party cover.

FirstTimer4Me

ta for your help

so i phone my insurance company and ask to insure the 2nd car on fully comp with a £1000 excess am i right?

if my oh had a bump tho would that mean they have to pay the 1st £1000 of any claim from the otherside?

sorry if i sound stupid but just want to get the best and right policy

Chippy_Minton_2

FirstTimer4Me wrote: »

if my oh had a bump tho would that mean they have to pay the 1st £1000 of any claim from the otherside?

No, it would mean your OH would have to pay the first £1000 if found to be at fault.

FirstTimer4Me

Chippy_Minton wrote: »

No, it would mean your OH would have to pay the first £1000 if found to be at fault.

ta for the answer but we don't have a £1000 we only paid £200 for the car not sure what to do now

vaio

Chippy_Minton wrote: »

No, it would mean your OH would have to pay the first £1000 if found to be at fault.

I thought the excess only applies on claims for damage to own car. You hit a parked car, the parked car gets paid out in full, if you claim for damage to your own car then you have to pay the first £x

FirstTimer4Me

vaio wrote: »

I thought the excess only applies on claims for damage to own car. You hit a parked car, the parked car gets paid out in full, if you claim for damage to your own car then you have to pay the first £x

i thought that but am confused by what the poster is saying

whats the point of paying £200 for a car if we have to fork out £1000 on a claim

should i ask in the insurance forum?

vaio

I think Chippy is wrong and the excess only applies if you claim for damage to your car.

The best thing you can do is use the motor insurance guides from the main site to get the best deal you can on a policy in your OHs name, try TPFT and fully comp with the biggest excess they allow. Once you have those then I'd ring my current insurers and see what they offer. Building NCB for your OH might have a value too

I do my DODs insurance, he has a worthless Fiesta and the cheapest was FC with a big excess

Quentin

FirstTimer4Me wrote: »

ta for the answer but we don't have a £1000 we only paid £200 for the car not sure what to do now

Some answers you have been given are incorrect.

If you take a £1000 excess, you will never have to pay it!

The idea is you won't bother making a claim on a car worth only £300. (A usual excess of £100 to £200 plus losing NCD and a premium increase wouldn't make it worthwhile), and you would normally perhaps consider third party cover only.

With this scheme, you may get a cheaper premium on a comprehensive policy than taking a third party policy.

You don't pay any excess at all on claims made against you for any damage you do to anybody else's property!

vaio

Cheers Quentin, that's what i thought too

One thought does occur, if the car has to be recovered following an accident/theft are the recover & storage costs similarly outside the excess scheme?

Quentin

If you were using this scheme of a massive excess on a comp. policy to beat the premium of a TPFT policy, then you wouldn't be claiming for any accident recovery costs from the policy. Just as with a third party policy, you would just be claiming from the third party in the event they were responsible for the incident.

As with all third party policies, it's down to you to pay for any costs if you are at fault.