Applying for named driver on brother's policy to extend the valuidity of no-claims?

Megatonks

Hello guys, first post here. :beer:

I've done a quick search and can't really find much decent information so figured this was probably another good place to ask.

I've had tesco insurance nearly 2 years ago, and i'd built up 3 years no claims.

I have a letter from tesco insurance as proof (which i asked for specifically for future insurance purposes)

I knew at the time i wasn't going to have another car for a while, then i decided I was going travelling.

Unfortunately, while i'm travelling, the '2 years of no claims validity' is going to expire. I've only heard as hearsay that 2 years is the validity.

Now, as my title pretty much asks anyway, i was wondering if any of you lovely people happen to know if i can put myself as a named driver for a month or so (cheapest way possible) on a family member's car, and that would extend this NCB another 2 years?

I have a bad feeling it won't, but there seems to be a fair bit of unsureness and could be a matter of discretion from what i've read.

Many thanks in advance.

vaio

being a named driver won't extend it but...

some insurers will accept 3 years
your previous insurer might
a broker might be able to help too

For certainty, the way is to take out a policy, send your NCB proof in and then cancel the policy when the insurer should send you a new proof of NCB. It will cost you though so look for insurers that have low (or even no) cancellation fees.

huckster

Yes 2 years is the normal period for NCD proof to be valid for. I believe that a few including Coop Insurance may allow up to 3 years.

You can't add yourself to a relatives policy and do some swapping around to maintain NCD proof. This can be worked for married couples or long term partners, but I guess it is not legal for you to marry your brother.

paddedjohn

huckster wrote: »

Yes 2 years is the normal period for NCD proof to be valid for. I believe that a few including Coop Insurance may allow up to 3 years.

You can't add yourself to a relatives policy and do some swapping around to maintain NCD proof. This can be worked for married couples or long term partners, but I guess it is not legal for you to marry your brother.

It is in Norfolk!;)

Quentin

Buy a policy before the 2 years are up and cancel it during the cooling off period for minimal cost..

This will result in you getting a brand new current NCD proof, whuch you can use for a proper policy in the next 2 years.

bouncydog1

Don't you have to have a car to purchase an insurance policy - there needs to be subject matter of insurable interest.....

Quentin

bouncyd!!! wrote: »

Don't you have to have a car to purchase an insurance policy - there needs to be subject matter of insurable interest.....

You might intend buying a car, get the insurance ready and the sale falls through at the last minute, leaving you no alternative but to cancel the policy after just a day's cover.

InsideInsurance

Or a friend can lend you a vehicle making it your responsibility hence an insurable interest but then your friend takes it back from you meaning you lose that interest and thus the need for the insurance

bouncydog1

And playing devils advocate, what happens if the friend has an accident in the vehicle whilst there is dual insurance in place - couldn't insurers find out and each pay their portion of any tp claim, meaning that each insured would lose bonus?

Quentin

You are missing the point.

The idea behind this wheeze is to start the NCD clock running again, nothing else, and in answer to the OP's question.

You are scaremongering over possible problems. Or have you got another suggestion?

InsideInsurance

bouncyd!!! wrote: »

And playing devils advocate, what happens if the friend has an accident in the vehicle whilst there is dual insurance in place - couldn't insurers find out and each pay their portion of any tp claim, meaning that each insured would lose bonus?

If you're borrowing your friends car then why would you add them as a named driver if they have their own policy on the vehicle already? As such there would only be RTA cover under "your" policy for the friend where as full cover from their own policy and so that would take priority.

Where it does get messy is things like fire or theft claims where the driver is of no relevance. That said, if your friend is giving you a car for a period long enough for you to buy a whole new annual policy for it then it is fairly likely they dont have insurance on it.