We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Car Insur: Can i insure a car i dont own ?
StuieUK34
Posts: 2,113 Forumite
IE:
If i am not the registered owner or legal keeper of the car, can i still insure it?
To lay it out as such, its a case of:
My boss is selling me his car, and loaning me the money at the same time, so i pay him back over 2 years.....
however, whilst an agreement is in place, he said he would keep the car in his name, so he would be registered owner and keeper.....
Can i still insure that car ? and if so, would it be likely that the premuim would be a bit higher due to me not being the owner/keeper, etc ?
If i am not the registered owner or legal keeper of the car, can i still insure it?
To lay it out as such, its a case of:
My boss is selling me his car, and loaning me the money at the same time, so i pay him back over 2 years.....
however, whilst an agreement is in place, he said he would keep the car in his name, so he would be registered owner and keeper.....
Can i still insure that car ? and if so, would it be likely that the premuim would be a bit higher due to me not being the owner/keeper, etc ?
0
Comments
-
You can insure any vehicle you have a financial interest in, given you'll be responsible for looking after the car then you do have one. Really it is no different to if you lease a car.
That said, not all insurers will sell you insurance unless you have certain relationships with the legal owner of the vehicle0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards