Insurance at address #1, kept overnight at address #2 save 60% insurance - legal?

spiro

If you apply online double check the paperwork to make sure its clear about the 2 addresses.

photome

Trebor16 wrote: »

In those circumstances you will need to insure the car at address #2.

Is that fact or a guess

lostsheep

Er, yeah. Trebor, you might be right, but we're still not seeing any reason for it - he's not lied or omitted to mention the usual location for the car, so surely it's all hunky-dorey?

rodenal

Need to read the terms and conditions to see what they say about addresses. The issue I can see is that address #1 is somewhere the car will almost never be at - the online forms normally ask for your main address then to confirm where the car is located overnight, the assumption is that the car resides at address #1 at some point. Technically your main address is #2.

I reckon it would be unlikely that you would have an issue as you are still contactable and could easily be living at address #1 say a few days of the week, but it's best reading the small print. Could even call said insurance company and ask, of course you do technically live with your parents at #1 but work at #2 so stay there say 4 days a week and that's why you've registered yourself there (electoral roll etc)

mikey72

The onus is on the insurer to ask the right questions.
http://www.fsa.gov.uk/pages/consumerinformation/product_news/insurance/price_comparison/index.shtml

Even more so if you go though a comparison site, so they can't wriggle out if they aren't clear, the FOS will make them pay up if you have answered the questions asked, truthfully.

There's no obligation to chase the insurer if they don't ask.

darkh0rse

Thanks all for so many replies.

It seems that mostly the suggestion is that YES this is above board as I am indeed correctly stating the car is mainly kept at address #2 overnight, even though I am mainly residing at address #2 but intend to register it and put the policyholder name and address as myself at address #1.

I think what I may do is use price comparison website as normal, then (although I may lose out on some cashback but at least I get £700 cheaper premium) phone up and then say I will only take the premium if I can have in writing the addresses differ but that this is OK, although mikey72 would seem to suggest that should not be necessary.

Also folks please note that I have not yet done this, as I no longer have a car, as I sold it because... I couldn't afford the insurance premiums since moving! It is merely me wondering if it is all above board to do so.

2sides2everystory

I think what the OP has discovered is a bit of an anomaly and I would be sceptical of relying 100% on a comparison website rating engine for making it work.

If I were in the OP's position, in the name of good moneysaving I would however definitely explore it further :money:

One of my vehicles is insured the other way round. I live in a high-rated postcode but the vehicle overnights away in a low-rated postcode 50 miles away. My electoral roll address and V5 address are where I actually live. I get a lower premium than if I declared that the vehicle overnighted where I live (it doesn't).

Many insurance companies set up their motor insurance books (and own rating engines) so they can accommodate the situation I describe and it may simply be a comparison site rating engine bug that allows it to work the way the OP has described it e.g. there may be some dodgy code such as

if risk@address#1>risk@address#2,rate as address#2,otherwise rate as address#1

I think you need to be very careful, not because it is fraud (the way you describe it, it isn't), but because insurance companies are notorious now for wriggling when actual claims occur and slinging mud when you have done something a little bit out of the ordinary. I would try to do the same deal direct with the insurer so not allowing the middleman (comparison website) to become an excuse for the insurer to wriggle later.

Notmyrealname

darkh0rse wrote: »

Just to clarify, I do reside at address #2, i.e. bills come to address #2, I am on the electoral roll address #2, but yet I am contactable at address #1 (parents). So overnight the car is kept at address #2 and I would state this on the policy, but yet I would give address #1 as the policy address.

I'm contactable at many places throughout the UK. Doesn't mean I can insure my car from there though.

The car is PERMANENTLY BASED at address # 2. You live there, you park it there all the time when you're back home. You don't park it in Fylde and then take a bus back to Manchester do you? It spends zero time at your parents apart from when you are visiting.

By all means carry on but good luck with any insurance claim you may ever make. They'll void your policy in a heartbeat.

mikey72

2sides2everystory wrote: »

I think what the OP has discovered is a bit of an anomaly and I would be sceptical of relying 100% on a comparison website rating engine for making it work.

If I were in the OP's position, in the name of good moneysaving I would however definitely explore it further :money:

One of my vehicles is insured the other way round. I live in a high-rated postcode but the vehicle overnights away in a low-rated postcode 50 miles away. My electoral roll address and V5 address are where I actually live. I get a lower premium than if I declared that the vehicle overnighted where I live (it doesn't).

Many insurance companies set up their motor insurance books (and own rating engines) so they can accommodate the situation I describe and it may simply be a comparison site rating engine bug that allows it to work the way the OP has described it e.g. there may be some dodgy code such as

if risk@address#1>risk@address#2,rate as address#2,otherwise rate as address#1

I think you need to be very careful, not because it is fraud (the way you describe it, it isn't), but because insurance companies are notorious now for wriggling when actual claims occur and slinging mud when you have done something a little bit out of the ordinary. I would try to do the same deal direct with the insurer so not allowing the middleman (comparison website) to become an excuse for the insurer to wriggle later.

The FSA is very clear, using the comparision site can't be used as an excuse to wriggle out later

neilmcl

Aren't you supposed to inform the DVLA if you've changed address. Shouldn't the V5 be registered at YOUR address, not your parents in which case?