Car Insurance for Son 1 June 2022 at 9:57AM in Insurance & life assurance 6 replies 121 views

photek1000

So my son is hopefully going to pass his test soon and want to start driving his car on the full license but as we all know new driver insurance is a bit silly cost wise especially without a Black box or telematics, which in my opinion are a bit ropey with what and how they gather & report data.

Anyway it would appear from a quick look at the comparison sites that it would be more economical for me to insure the car and have him as an additional but main driver, rather than him insure it and me being the additional driver.

So if I was to do this how does the insurance and any No Claims work if he was to actually hit something that resulted in a claim?

i.e. If he was driving and at fault in an incident how would effect me as the policy holder?

wongataa

Yes it would affect your NCD as there would be a claim on your policy.  It doesn't matter who caused the incident for NCD, it is whose policy the claim is made on.

photek1000

That's a PITA, and they wonder why so many drive around without insurance.

I assume though that if I went this route though I could limit my liability in NCD stakes by protecting it like I would on any policy I've ever had?

Sandtree

photek1000 said:

That's a PITA, and they wonder why so many drive around without insurance.

I assume though that if I went this route though I could limit my liability in NCD stakes by protecting it like I would on any policy I've ever had?

It would only impact the NCD on his car, not the NCD on your other policy for your own car... NCD can only be used on one policy at a time which is the other issue people get into thinking they can use their 20+ years NCD on their kids car at the same time as it being used on their own vehicle. 

photek1000

Sandtree said:

It would only impact the NCD on his car, not the NCD on your other policy for your own car... NCD can only be used on one policy at a time which is the other issue people get into thinking they can use their 20+ years NCD on their kids car at the same time as it being used on their own vehicle. 

That would make sense, always forget that bit, I certainly won't be moving my NCD over to it.

Aretnap

It's one NCD per policy, so a claim on your policy for car 2 will not affect your NCD on car 1. The flip side is that you can't use the NCD you've built up on car 1 to reduce the premium for car 2 - you need to put zero years NCD when getting quotes for your son's car. 

Independent of the NCD aspect, if it's your policy and your son has an accident you will both need to declare the incident on all your policies going forwards - he will have had the accident but you will have made the claim.

Whereas if your son is the policyholder and has an accident it will be both his accident and his claim - you will not have to declare it on your own insurance unless you were actually the one driving your son's car at the time of the accident. 

chrisw

I was a bit concerned about a black box when my son passed his test. However, in retrospect I think it did him good to have his driving monitored for the first couple of years until he had built up some experience.

He was with Tesco black box and never had any issues at all.