Is it worth getting car insurance in your own name if it's more expensive?

Mapgirl

Hello

My partner has never had his own car insurance (he's 36). We're about to get a second car. If he insures it in his own name, the cheapest quote is £330, if it's in my name it's £230.

Is it worth insuring the car in his name? Our thinking was that if I keep getting the insurance in my name, he'll never accumulate any no claims bonus etc, and could end up looking for insurance for the first time in his 70s if I pop my clogs (which is the situation his mum is in now).

On the other hand, if we keep paying £100 extra a year for insurance in his name, it might not be any cheaper overall than the cost of his insurance if I wasn't around.

Confused.

Quentin

You can only use your NCD on one car - so use yours on the one that is most expensive to insure.

Then see who is the cheapest with nil NCD to make a decision on the other car.

(When the day comes when there is only one of you left, insurers are normally happy to transfer the dedeased's NCD to the remaining living partner)

huckster

On what basis are you comparing premiums. If you are already using your no claims discount on one car, you can't use it for a 2nd car.

If the car is his and is registered in his name, then it would be better if he started to build up a no claims discount. Normally Insurers would want you to be the registered owner/keeper for them to Insure the car. Don't arrange Insurance online unless you are absolutely sure that the arrangements are correct. This forum is littered with people who have made mistakes with info entered online and have then got into problems when they needed to claim.

lazer

some companies will give you NCD discount for driving x number of years as a named driver (However this is not transferrable to your next insurer)

When i got my own car - my insurer (Autoline) allowed this, as did my mums insurer (AXA) when she got her own car.

Other companies offer discounts for number of years a named driver etc.
It is worth phonong around a few companies to see what they can do - I would recommend using a broker in this instance as they know what Insurers will be cheapest in these circumstances

birkee

Some insist that the usual driver is the named person, not the occasional driver.
Trap for the unwary if he has an accident in car insured in your name, and you have two cars insured in your name.
I'd grit my teeth and play it straight. It's £2 per week extra for peace of mind.
Have a difficult circumstances accident, and I bet you'd pay someone a £100 to make it go away.

agrinnall

Men generally have to pay a higher premium than women, everything else being equal. £330 for someone with no NCD sounds pretty good to me, and to be honest if it's his car and he's the main user then if it's insured in your name you run the risk of being accused of 'fronting' which will not only result in any claim being rejected but may land you in court. I think he should pay it himself.

Quentin

agrinnall wrote: »

Men generally have to pay a higher premium than women, everything else being equal. £330 for someone with no NCD sounds pretty good to me, and to be honest if it's his car and he's the main user then if it's insured in your name you run the risk of being accused of 'fronting' which will not only result in any claim being rejected but may land you in court. I think he should pay it himself.

1. Sex equality in motor insurance is coming in!

2. The policyholder doesn't have to be the main driver. So ignore the "fronting/claim rejection/court appearance" scaremongering.

vaio

Some companies will “mirror” your NCB onto the second car, your existing company is probably your best bet for this but if they don't want to play then a local broker should be your next call.

Dynamic_Panda

The car should always be insured in the name of the main driver............

DP

bouncydog1

"The car should always be insured in the name of the main driver............"


Insurers always want to know who the owner and registered keeper of the car are, they also want to know who the main driver is so that they can rate the insurance properly - e.g. to ensure that they receive the correct premium for the risk they are taking.

However there is no law that states the car should always be insured in the name of the main driver.

agrinnall

Quentin wrote: »

1. Sex equality in motor insurance is coming in!

2. The policyholder doesn't have to be the main driver. So ignore the "fronting/claim rejection/court appearance" scaremongering.

1. I'd forgotten about that, not sure when it's happening but I think to date my statement stands.

2. So define what fronting is if it's not the car being insured in the name of someone who isn't the main driver? Here's one example http://news.bbc.co.uk/1/hi/programmes/moneybox/7052569.stm