Car Insurance-What is best

Majic

For the last 20 years my wife and I have shared a car and every 2 years have swapped over who insures the car with the other as a named driver. This has protected our no-claims bonus. In October 2015 we bought a second car which has become my car and my wife has the existing car. Because it was my year to insure the first car the insurance is in my name whilst my wife took out a policy in October on my car with me he named driver. What I want to do is put this right with my insurance on my car with myself a named driver on my wife's car and the opposite with the other car. The first car (my wife's car) is up for renewal next week. Should I take out in her name with me a named driver and cancel the insurance taken out in October in her name (£45 charge) and renew in my name. Hopefully this won't affect our NCB. Or would it be better to renew in wife's name so she has 2 policies with myself the named driver on both?

FutureGirl

You need to be the policyholder for the car you are the main driver of, and your wife needs to be the policyholder of the car she is the main driver of. Unless you have specifically told the insurer who the main driver of each policy is.

EdGasket

FutureGirl wrote: »

You need to be the policyholder for the car you are the main driver of, and your wife needs to be the policyholder of the car she is the main driver of. Unless you have specifically told the insurer who the main driver of each policy is.

Not true. The policyholder does not need to be the main driver but must declare who is.

Majic

This has been declared

dacouch

Assuming each policy is using each partner's no claims bonus, is the easiest thing to do to keep the current policies and just swap each vehicle over.

You can then shop around at renewal if the premiums are not competitive

Majic

But policy number1 is up next week (end of year 2 In my name on wife's car)


Do I


a) Cancel wife's policy on my car and incur £45 charge, get refund and take out 2 new policies for each car in correct names


or


b) Wife insures her car, so she has 2 policies (one on each car with myself the named driver) Wait until October when 2nd policy is up and renew in my name with wife named driver.


I think b might cost more


Both a) and b) are the same except one is sorted out next week and the other in October

Majic

Any further thoughts guys?

rs65

Majic wrote: »

Any further thoughts guys?

What's wrong with the solution in post #5 ?

Majic

But car number 1 policy is expiring next week, so slightly confused. don't understand the bit about no claims bonus we each have our own intact.


Are you saying on the October policy (wife's), which covers my car ,put her car on this and then I take out a policy next week on my car which after the above move will be uninsured?

rs65

Majic wrote: »

But car number 1 policy is expiring next week

Renew that policy but with the other car and simultaneously change vehicle on the other policy.

Majic

Thanks, I'll see how much this costs.