Car insurance with named drivers

JustAnotherSaver

Just wondering how this scenario would pan out.

First question: Can i insure a car that i don't own or would i have to be the legal owner? It's not a problem if i have to be the owner but if i don't have to be then it'd be easier to leave as is.

So let's say i have this car insured, so i'm the policy holder. I have a family member as a named driver on that policy.

They then have an incident. An accident, some sort of motoring offence ....

Would this affect me personally for future quotes & my other policy?


My guess is that if i have to make a claim (as i'd be the policy holder) then any "have you in the last 5 years" would be me taking the hit.

But the car in question is only a cheapy so it would probably just get scrapped if it couldn't get repaired.



But then what of motoring offences - let's say the other driver gets caught with a bald tyre (first one that came to mind). Would that affect me in any way? As there'd be no claiming would there.

AndyMc.....

JustAnotherSaver wrote: »

Just wondering how this scenario would pan out.

First question: Can i insure a car that i don't own or would i have to be the legal owner? It's not a problem if i have to be the owner but if i don't have to be then it'd be easier to leave as is.No, you don't have to be the owner, how do you think people insure cars on finance?You may however need to be the registered keeper.

So let's say i have this car insured, so i'm the policy holder. I have a family member as a named driver on that policy.Are we talking fronting?

They then have an incident. An accident, some sort of motoring offence ....

Would this affect me personally for future quotes & my other policy? It can do yes.


My guess is that if i have to make a claim (as i'd be the policy holder) then any "have you in the last 5 years" would be me taking the hit. Correct.

But the car in question is only a cheapy so it would probably just get scrapped if it couldn't get repaired.



But then what of motoring offences - let's say the other driver gets caught with a bald tyre (first one that came to mind). Would that affect me in any way? Unlikely but possible. As there'd be no claiming would there.

It might be easier if you simply state what you plan to do.

JustAnotherSaver

Owner & registered keeper - i'll go ahead & be a bit dim here but what's the difference?
And while it wouldn't in this case, couldn't that get a little messy? Someones name is on the V5C & they 'own' it but someone else paid for it & that person says that they 'own' it?

Fronting? What's that? The answer is probably yes i guess since it's pretty obvious what i'm asking about i think but i've not heard of fronting.




Basically a family member of mine has a 2nd car which isn't insured. It's not worth a lot & is kept off road currently. It's just an emergency car. Well their main car is in need of some repair which is going to take time so they now need their second car on the road.

They don't want to take insurance off the main car as it's worth too much to be uninsured. The repair will take an unknown period of time so 30 days cover may not be enough.

And the quotes coming through, including multicar, are just too much.

So one thought was to have me insure the car & for them to be a named driver on it. Have it insured for commuting to work & they would drive it as it would then be insured.

On the grounds that should the car pick up damage then there would be no claim, it'd have to get repaired or scrapped because i'm not wanting a claim to my name on it.

AndyMc.....

As I said they own it but the insurance may want you to be the registered keeper.

So you're going to take out a policy in your name with the owner as the main driver.

It may work out cheaper for them but if they crash the car, you've lost a years premium and you'll suffer for the next five years.

JustAnotherSaver

I've just googled fronting. It's very similar to what i just mentioned but i noticed one key difference...

Fronting states that in this case i would be putting myself as the main driver, not my relative.
However in this case i would be putting my relative down as the main driver, i would just be the owner & policyholder.

This talk of accidents has been regarding the blame being theirs.

What about if someone runs in to them? So you claim off someone elses policy.
Would i still get hit with marks on my name?

AndyMc.....

JustAnotherSaver wrote: »

I've just googled fronting. It's very similar to what i just mentioned but i noticed one key difference...

Fronting states that in this case i would be putting myself as the main driver, not my relative.
However in this case i would be putting my relative down as the main driver, i would just be the owner & policyholder.

This talk of accidents has been regarding the blame being theirs.

What about if someone runs in to them? So you claim off someone elses policy.
Would i still get hit with marks on my name?

So are they giving you the car?

Ectophile

JustAnotherSaver wrote: »

What about if someone runs in to them? So you claim off someone elses policy.
Would i still get hit with marks on my name?

You would still have to tell the insurer that you suffered a loss, even if the other person's insurance ended up paying for it. It would be a "no fault" loss.

System

JustAnotherSaver wrote: »

Owner & registered keeper - i'll go ahead & be a bit dim here but what's the difference?

The owner is the person who has legal title to the vehicle. It is their property.

The registered keeper is the person registered with DVLA as the primary keeper of the vehicle and the person to whom all notices, letters, fines etc are addressed to and who is responsible for ensuring the vehicle is taxed, MOT'd and insured if it is used on the road and who can ultimately be held liable.

JustAnotherSaver

AndyMc..... wrote: »

So are they giving you the car?

It all depends.

It depends on the legality of it all & how likely it is i could end up having it negatively affect my main insurance.

If it's illegal (& reading it, i don't think the way i suggested is illegal) and if it's quite likely my insurance could be negatively affected then i'll not do it & therefore wont have the car signed over to me.

But if it was a green light then yes the car would just get signed over to me. Sure it'd add another owner onto the logbook but that isn't a concern.

AdrianC

JustAnotherSaver wrote: »

Owner & registered keeper - i'll go ahead & be a bit dim here but what's the difference?

The owner is the person who actually legally owns the vehicle.
The registered keeper is the person who is named on the V5C as being responsible for it.

If you look on the V5C, it clearly says in big letters that it is not proof of ownership. The ownership is not recorded anywhere centrally, just the same as almost everything else we own, except for houses and shares.

So you may have a car on finance - you do not own it, the finance house does - but you are on the V5C.

Bigphil1474

OP, usually the insurers require the policy holder to be the registered keeper. Usually the policy is in the name of the main user, and named drivers are additional drivers. I doubt they'd let you insure it as you as a named driver and someone else as a main driver - it begs the obvious question as to why the other driver isn't insuring it themselves. Sounds like you want to help someone out, but you are exposing yourself to a big risk. There must be a reason why their insurance quotes are so high? Have they considered a hire car instead?
A suggestion - If they have 3rd party cover to drive other vehicles on the insurance of their main car, one solution is for them to give/sell the vehicle to you, you register it in your name on the V5 - you insure it under your own policy, but then they drive it under their other car 3rd party cover i.e. don't put them on as a named driver. That way, any incidents or offences they commit, won't affect your policy. Plus, as the cars not worth much, 3rd party cover should be fine.