Insuring a car on PCP Legal Owner question

caverncity

When insuring your car and its on PCP what do you put down as legal owner as I'm trying to get a few quotes for my daughters car which is on PCP. I know about registered keeper (in her name) but as this is on PCP she is not the legal owner (same as finance, not owner until fully paid) so when I put not the legal owner it goes up by an extra £1200 however the drop down box only asks who the legal owner is and there is nothing about finance and PCP just says "other, friend, relation and lease private or commercial" so I rang Hastings and spoke to two people neither knew what PCP was which wasnt a good start. When I explained what it was one went away and came back and said put it down as lease which it isnt as lease is totally different and I know you dont get no claims on lease cars as the car is not yours ever, so gave up.

I can imagine there are a lot of PCP cars out there not properly insured as you would automatically put down yourself as the legal owner, I guess its the same with HP?
On the Parkers web site it also states on PCP you are not the legal owner.
https://www.parkers.co.uk/car-finance/advice/2015/pcp-and-insurance/

I found this on AXA "Legal Owner, What does this mean?

The legal owner is the person or company that bought and paid for the car. It's not always the same as the registered keeper.

What if the car is leased, or bought with a finance agreement?

If the car is leased, the hire company usually remains the legal owner. If a car is bought with a finance agreement, the finance provider often remains the legal owner until the car is paid for in full. Please check the terms and conditions of your contract."

Also another question, she is a nurse so has one permanent place of work but she is also a nurse in the Army reserves so doesnt have a permanent place of work for that as she has to drive to other units in the UK so would anyone who has a similar scenario put it as business insurance or just SPD&C

thanks

caverncity

Think I have found the answer whilst getting a quote from AXA

Legal Owner What does this mean?

The legal owner is the person or company that bought and paid for the car. It's not always the same as the registered keeper.

What if the car is leased, or bought with a finance agreement?

If the car is leased, the hire company usually remains the legal owner. If a car is bought with a finance agreement, the finance provider often remains the legal owner until the car is paid for in full. Please check the terms and conditions of your contract.

and when I put "other" as legal owner it refuses quote and then explains why

What does 'Privately leased' mean?

'Privately leased' means the policyholder has a finance agreement with the car's legal owner (such as a garage or finance company).

So the answer to my first question is, it has to be insured as 'Privately leased' now to find out about my second question

forgotmyname

You dont get no claims on lease cars? If the policy is in your name then you earn no claims. No matter whose car it is.

You dont earn no claims if the policy is in another persons name or insured by the lease company, maybe your thinking of that?

Policy in your name then you earn the noclaims.

She puts the Army down as a 2nd job.

caverncity

forgotmyname wrote: »

insured by the lease company, maybe your thinking of that?

Yes that one. However this is about PCP and legal owner as she isnt the legal owner, I found out it has to go down as "private lease" when on finance and PCP. Also with regards to army reserve she has to go to different units/barracks then I think that should be down as business use but not sure on that yet still looking, finding different answers.