Putting your parents address on car insurance..

beauchampy

So my parents live in lovely leafy suffolk.

I'm 26 years old and I live in North West London. I drive a Golf MK5 2.0 TDI, and well, probably should have bought a car I can afford!

My quotes on compare the market go down rapidly when I put my address as my parents. Saving around £600.

However - on compare the market, you can add a different address for where the car is kept over night - in this case I have put my London address.

So, my parents address as 'my' address, the car kept at an 'office car park' during the day, and at my NW London address over night.

Is this ok or something that will bite me in the !!!! later?

jem16

If you don't actually live at your parents' house, it is fraud.

Quentin

Sounds OK. You are "allowed" a correspondence address - they want to know the (usual) location of the car, and you are telling them that. (No different to, say, a uni student using home address for correspondence, but having car at the uni).

jem16

Quentin wrote: »

Sounds OK. You are "allowed" a correspondence address - they want to know the (usual) location of the car, and you are telling them that.

Then why the difference of £600? The quotes must be assuming that for some part, the OP would be in and around the location of "his address".

(No different to, say, a uni student using home address for correspondence, but having car at the uni).

A student wouldn't be at uni all year though and would presumably be at home the rest of the time.

Quentin

jem16 wrote: »

Then why the difference of £600?....

No-one knows how they calculate premiums!

(See this thread: https://forums.moneysavingexpert.com/discussion/3508479

A driver gets an additional premium of £570 when informing his insurer he has obtained a UK licence when previously he was driving with a Russian one!!)

But providing a correspondence address different to the overnight location of the car is not committing fraud, and you are scaremongering by suggesting this!

jem16

Quentin wrote: »

No-one knows how they calculate premiums!

(See this thread: https://forums.moneysavingexpert.com/discussion/3508479

A driver gets an additional premium of £570 when informing his insurer he has obtained a UK licence when previously he was driving with a Russian one!!)

That seems entirely different. The computer ( rightly or wrongly) is seeing the driver as a new driver who has only just got a full licence.

Here we have a poster who appears to be using his parents' address ( where he presumably spends little time) to reduce his premium.

But providing a correspondence address different to the overnight location of the car is not committing fraud, and you are scaremongering by suggesting this!

If he was saying this is my address, but please send all correspondance to such and such an address for whatever reason, I would agree. However the OP is clearly saying it is "his" address, therefore misrepresenting the facts.

Quentin

You asked me why there was a difference in the premium being quoted, but I cannot tell you why - though I tried to show you that there seems no logical reason when it comes to explaining premium changes.

You are wrongly saying that motor insurers need to know the location where the policyholder actually resides rather than the location of the vehicle - my student scenario was just an example of the many times when the "address" of the policyholder is not the location of the car. (eg. Look at all the company cars on the road with addresses of the owner registered with the insurer, yet the car could actually be kept hundreds of miles away from that address)

The insurer wants to know where the car is kept - as long as you tell them that, then they aren't bothered which address you use for your post!

jem16

Quentin wrote: »

The insurer wants to know where the car is kept - as long as you tell them that, then they aren't bothered which address you use for your post!

As you obviously know more about the insurance business than I do, I will defer to your superior knowledge.

It's not something that I would personally take a chance on though.

shop-to-drop

If you want to ensure that the insurance company will pay out when you need to make a claim, I'd put down your correct address otherwise it will be too easy for the insurers to refuse to pay out if they realise this when you come to claim. If you can't afford to insure the car then you are best to sell it and get one you can afford to insure. Maybe in a few more years you will be able to afford it then and change back.

Norman_Castle

I'm 26 years old and I live in North West London.

The op is not adding a correspondence address. They are stating they live somewhere else.

bouncydog1

Using your parent's address to obtain cheaper insurance (which is what you are doing) is fraudulent.

In the event of a claim, insurers will investigate. They are entitled to take various steps such as cancelling the policy (which will cost you dearly when trying to get any other type of insurance as you will have to declare this) or charging you the additional premium.

As you live in London this is the area that insurers should be rating the cover on, not leafy Suffolk.