Insuring a car that doesn't exist

docmatt

quick scenario...

Daughter saving up for car 'X' which she will be getting in about a years time. This will be her first car and first insurance. Current quotes are around the 2 grand mark.

The cheapest car on the planet to insure is a 900cc skoda citygo se greentech. With the maximum excess and third party only cover on her provisional license the insurance is £400 per year.

What's stopping me insuring a fictitious skoda citygo for a year so that when it's time to get car 'x' she will have a Years no claims under her belt and hopefully the price will be more than 400 cheaper than the 2k?

Flame suit on.

Tigsteroonie

The fact that the insurance company will want a vehicle registration for the fictitious car?

Warwick_Hunt

You do realise her insurance is likely to go up when she gets a full licence?

neilmcl

docmatt wrote: »

quick scenario...

Daughter saving up for car 'X' which she will be getting in about a years time. This will be her first car and first insurance. Current quotes are around the 2 grand mark.

The cheapest car on the planet to insure is a 900cc skoda citygo se greentech. With the maximum excess and third party only cover on her provisional license the insurance is £400 per year.

What's stopping me insuring a fictitious skoda citygo for a year so that when it's time to get car 'x' she will have a Years no claims under her belt and hopefully the price will be more than 400 cheaper than the 2k?

Flame suit on.

Quite simply fraud. You will be making an untrue statement about being the owner/keeper of a vehicle that doesn't exist, or at least not yours.

You really haven't given this much thought, have you.

docmatt

Tigsteroonie wrote: »

The fact that the insurance company will want a vehicle registration for the fictitious car?

Yes I suppose that might help

docmatt

neilmcl wrote: »

Quite simply fraud.

You really haven't given this much thought, have you.

Ha ha. I was mulling it over dinner 5 mins ago.
Ok, it's a non starter

ilikewatch

neilmcl wrote: »

Quite simply fraud. You will be making an untrue statement about being the owner/keeper of a vehicle that doesn't exist, or at least not yours.

You really haven't given this much thought, have you.

A few years ago I managed to insure a vehicle which I neither owned nor was the keeper of - might still possible?

neilmcl

ilikewatch wrote: »

A few years ago I managed to insure a vehicle which I neither owned nor was the keeper of - might still possible?

But you didn't say you were though (at least you I hoped you didn't), which is where the fraud comes into it.

ilikewatch

neilmcl wrote: »

But you didn't say you were though (at least you I hoped you didn't), which is where the fraud comes into it.

No, I answered honestly that I didn't own it and wasn't the keeper, the insurer never even asked if I had permission to use it, and though I did have permission it could just as well have been a random car that I'd spotted on the way home from work.

debtdebt

All well and good until the car is involved in a serious accident and the insurer is on the hook for a major claim for personal injury.

ilikewatch

docmatt wrote: »

quick scenario...

Daughter saving up for car 'X' which she will be getting in about a years time. This will be her first car and first insurance. Current quotes are around the 2 grand mark.

The cheapest car on the planet to insure is a 900cc skoda citygo se greentech. With the maximum excess and third party only cover on her provisional license the insurance is £400 per year.

What's stopping me insuring a fictitious skoda citygo for a year so that when it's time to get car 'x' she will have a Years no claims under her belt and hopefully the price will be more than 400 cheaper than the 2k?

Flame suit on.

You could always sell your car and buy a 900cc skoda citygo se greentech and get your daughter to insure it with you as a named (and the main) driver. You'll soon discover if the compromise is worth the potential saving.