Car insurance - most economic way to.....

BIGDAVESGUSSET

........ insure 2 cars for a husband & wife for the circumstances below:

Mr.BDG has a new car insured fully comp, with Swift SDP & commuting, with Mrs.BDG as named driver.
We both have full NCD.

Mrs.BDG very rarely drives, as she commutes on the choo choo.

About to commence renovating our abode and plan to purchase a 15 year old Volvo estate for short trips to Wickes & the dump. Maximum mileage 1k with car value approx £500.

1) Mrs.BDG as owner of the Volvo and I drive the Volvo with 3rd party cover and owners consent off the Swift policy?
2) Mrs.BDG insures Volvo fully comp with me as a named driver?
3) Pay as you go policies?
4) Any other ideas? Limited mileage "Classic" car cover?

Yours in anticipation.

BIGDAVESGUSSET.

lisyloo

I am in a similar posistion to you (although do more mileage).
My car is 17 years old and worth around £500. I do around 6K miles per year but I don't think that's a major factor.

I would insure the car 3rd party but put you on as a named driver (it probably won't cost anything and might even warrnat a reduction these days).

I insured my car with Lloyds TSB for £153 and I am waiting for £120 cashback through quidco, so assuming it goes through then the cost is £33.

If you are not familiar with quidco then it's a cashback co-operative for which you pay a £5 admin charge per year.
They pass on any "referrer" cashback they get.
Note that cashback is not guaranteed but you have the option of cancelling the insurance if it doesn't get "tracked" (using cookies) properly.

The lloysd TSB offer is probably gone down now as that was in August but there will probably be some other deal on if you check.

It is certainly worth looking for the cashback where the insurance cost is low as it can cover most of the cost (as you can see from my example).

I would recommend having "proper" insurance rather than using your "driving others cars" extension. This is because I've heard lots about this being meant for emergencies ONLY e.g. driver sick, plus a second driver often causes a reduction in premium these days as it's seen as less risky by insurers.