PCP in Mums name. Son main driver?

Maisie1212

Good evening, I am planning to get a car on PCP for my 18 year old son. He will be the main driver whilst home from university. My husband and I will be named drivers although we have our own cars. He will not be taking it back to university.

The dealer said insurance companies don't like this and want the registered keeper to be the main driver. I called Admiral and they said it was fine - however the agent didn't know what PCP was which was worrying but I guess it's now on their audio tapes so there is evidence they said it was ok.

Any thoughts?

bigjl

If you answer all questions asked by the Insurance Co honestly you will never have a problem.

If they fail to ask then that is their fault.

Though what is the point in having a car when at home and not at Uni?

That is just plain weird IMHO, almost like trying to start an argument about Insurance fronting?

Your language does seem a bit strange in your thread title.

As mothers rarely refer to themselves like that. Perhaps you should have written "PCP in my name, son as main driver"?

Maisie1212

He will be working during the holidays and we live in an area with no public transport so unless we want to be driving him to and from work and to the station when he wants to go with friends I don't see what else he can do. In a few years our younger son will be in the same situation.

And no - I don't want to buy an old banger.

chrisw

As long as you declare him the main driver, there will no problem. Most insurers don't mind it being different from the registered keeper, but there are one or two who don't like it. If you use a comparison site, those will either not appear or have a ridiculous premium quoted.

paddedjohn

If the car is only for him to use during his hols from uni then surely a hire car would work out cheaper, I know not all allow 18 year olds to drive them but there must be one somewhere

bigadaj

Maisie1212 wrote: »

He will be working during the holidays and we live in an area with no public transport so unless we want to be driving him to and from work and to the station when he wants to go with friends I don't see what else he can do. In a few years our younger son will be in the same situation.

And no - I don't want to buy an old banger.

Well the site is called money saving expert.

The day rate for this arrangement must be astronomical.

prowla

I think I'm still the registered keeper of my 22 year-old son's car; I suppose I should hand it over to him at some point.

RichardD1970

My wife is down as the main driver. She is a named driver on my insurance, for the car which I own and am the registered keeper.
Never had an issue.

GwylimT

We did this for our son and it wasn't an issue, we were with direct line.

khcomp

Does seem an odd question to ask on a money saving forum.
You're looking at buying a heavily depreciating asset that will be sat around doing nothing but losing money for 2/3 of it's life...
I can't understand why people assume that there are only two types of car to buy: Something new (or nearly new) at great expense & loss, or 'an old banger' - there are plenty of good, cheap, used cars around that can be reliable, economical & cheap to insure - just a thought!
In terms of your question, if you've asked your insurer, and they're happy, then that's that.
I'm surprised that your insurer has agreed to let you be the registered keeper & allow him to use it for commuting as well, but if they've said that they don't have a problem, there's your answer.

bigjl

Maisie1212 wrote: »

He will be working during the holidays and we live in an area with no public transport so unless we want to be driving him to and from work and to the station when he wants to go with friends I don't see what else he can do. In a few years our younger son will be in the same situation.

And no - I don't want to buy an old banger.

The true MSE answer is that he doesn't work during the Holidays as he would need to earn enough to cover running costs and depreciation.

I had a car when at Uni, so did lots of my friends. None of us left them at home for use during the Holidays.

That is just stupidity.

You still haven't explained why you use such unusual language in the thread title?

Almost as though you are the son and not the mum.