YOUNG DRIVER INSURANCE DILEMMA

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Barkin said:

I think insurance companies would take a dim view of you being a named driver, if you're in fact the main driver.

To be clear... you want to have 2 policies against the same vehicle?
I don't think that's allowed. In the event of an accident, which policy's in force...? 

You can have your own policy, that doesn't cover your daughter, and she can have her own policy on the same car as well.

Then if she crashes it, you haven't had an accident, made any claim or suffered any losses in connection with a motor vehicle.

Both of you would continue to accrue no-claims bonus if neither make a claim.

There is no reason for you to be a named driver on her policy however, if you crash it then there would be dual insurance in force, the two insurers would likely split the costs, and both you and your daughter would have made a claim.

Dual insurance is not illegal, what is illegal is dual insurance to try and get double the payout.

Speak to someone at the insurers who actually knows what they are talking about, and your daughter may be given the equivalent discount to having you as a named driver as she is using your car, which you are a driver of and have insured for your use.

HillStreetBlues

Is there another person that might drive the car?
You keep your policy, your daughter gets hers and adds the other person as named driver.

Herzlos

How often do you expect to use the car compared to your daughter?

What's the insurers definition of main driver? Most seem to regard it as the one who uses it most often, but even that's vague. If expect to make more journeys than her, then you'd be the main driver.

If either of you could be the main driver, then you can alternate it every year to accumulate NCD for both of you.

It's also worth noting that it's probably a false economy to be paying insurance for her just to generate a NCD - she'll get a reduction in insurance just for having a license over time anyway even if she doesn't use the car. So it may be better in the long run to just treat it at face value where you're the main driver and she's a named driver. If she then needs insurance in her own name down the line, then look into the options.

HillStreetBlues

Unless I'm missing something I don't know the rush to build up the no claims bonus.

If you will be the main driver of the car then add your daughter. When she is going to main driver then get get her own policy..
It will be cheaper doing it that way, just as long as you are both being honest who's the main driver.

Aretnap

Barkin said:

I think insurance companies would take a dim view of you being a named driver, if you're in fact the main driver.

To be clear... you want to have 2 policies against the same vehicle?
I don't think that's allowed. In the event of an accident, which policy's in force...? 

There's nothing illegal about having two policies in the same vehicle. In the event of an incident which was covered by both policies the insurers would share the costs. However if insurers don't want the complications of providing a second policy on the same car they are free not to accept your business.

Declaring the daughter to be the main driver when actually he is the main driver would technically be a misrepresentation, but there's about a 99% chance that it would mean a HIGHER premium than he should actually be paying, and I'm fairly sure there's case law to the effect that insurers cannot cancel a policy or penalise a customer for a misrepresentation which resulted in a higher premium (even if the misrepresentation was deliberate).

However I'm not sure what the OP is trying to do makes sense on a more fundamental level. What's the difference in price between buying two policies, and just adding her to your policy as a named driver? If it's large then there's no point paying many hundreds of pounds extra this year for a policy you don't need, just so that she'll save a bit of money on next year's policy. Especially as a policy she takes out next year will be cheaper anyway as she'll be a year older and will have a year's driving experience. "Building up your own NCD as soon as possible" is a vastly overrated idea much of the time.

However if the OP really wants his daughter to get some NCD two options to look at are

(1) Cancel his own policy, get the daughter to take out a policy on his car naming him as the main driver. NCD usually follows the policyholder, not the main driver, so this will give her some NCD, and his own NCD will remain valid for two years if he doesn't have a policy himself. Note that not all insurers will allow this arrangement - some will insist that the policyholder owns the car - and they may be suspicious of fronting so try to keep some evidence that the dad is indeed the main driver.

(2) Find an insurer that offers a named driver no claims discount, though be aware that they often come with caveats. In particular named driver NCD is often only accepted by the company that issued it, so your daughter's would be locked in to that insurer, for the first year of having her own policy at least.

Stateofart

There's no problem being a named driver on someone's policy and having your own insurance as well.

Spogerdi

Thanks everyone for you input.  I have asked the questions this morning and can confirm Marmalade and Ticker can insure my daughter with her own policy on my car and me as named driver both with black box technology, neither of them affect my own insurance policy.  Quotes are between £1,300 and £1,500.

400ixl

If you go on your daughters policy as a named driver and have your own policy should you have an accident you will have to place a claim with both insurers, effectively wiping out your daughters no claims accrual at the same time.

Also, if the car got stolen or damaged when neither of you were driving (parked for instance) then both policies again would have to be claimed on.

To one of your other questions. If you don't have your own policy, your no claims will remain valid for a year (sometime 2 with some insurers.

Brie

And as I understand it if there are 2 policies and a claim is made you lose both deductibles. 

Grey_Critic

You can only claim on ONE policy