Teen Car Insurance - Bolt on policies

Tufty199

My daughter passed her test yesterday. I have spent 4 hours trying to sort our car insurance and am very frazzled!

I would like her to be able to drive my personal car but using a policy in her name. I will continue to drive it too but in a policy in my name. However Ageas/Lloyds(my current insurer) tell me that, they will not allow me to have two policies in place on one vehicle. 

Dedicated insurers such as Marmalade who advertise "bolt on" policies for teens to have their own policy whilst parent's have theirs, make no mention of this restriction that may exist on other insurer's policies, such as Ageas.

Does anyone know any insurance companies that would allow a bolt on policy? The only company that I have found is Admiral but they are quoting a very expensive price for me to insure with them.
TIA

lisyloo

What's the reason you want 2 policies?
to build up no claims?
If you tell us what you're trying to achieve, there may be a better way to acheive it.

Flugelhorn

The only time I have come across bolt on policies really working is for learner drivers. rest of the time they have to be a named driver or get their own car

DullGreyGuy

Flugelhorn said:

The only time I have come across bolt on policies really working is for learner drivers. rest of the time they have to be a named driver or get their own car

Same people who offer learner driver ones often offer a "young driver" on a very similar basis. 

Tufty199 said:

My daughter passed her test yesterday. I have spent 4 hours trying to sort our car insurance and am very frazzled!

I would like her to be able to drive my personal car but using a policy in her name. I will continue to drive it too but in a policy in my name. However Ageas/Lloyds(my current insurer) tell me that, they will not allow me to have two policies in place on one vehicle. 

Dedicated insurers such as Marmalade who advertise "bolt on" policies for teens to have their own policy whilst parent's have theirs, make no mention of this restriction that may exist on other insurer's policies, such as Ageas.

Does anyone know any insurance companies that would allow a bolt on policy? The only company that I have found is Admiral but they are quoting a very expensive price for me to insure with them.
TIA

Have Budget/Ageas pointed out where in the policy book it states there cannot be two policies on the same vehicle? 

Its highly likely there isn't any such term, instead there is likely to be a term which states that if any other insurance covers a claim then this policy doesn't which is fine because the only time another policy will be covering it is when your daughter is driving which will be covered by her policy. 

Because these secondary policies only cover whilst the driver is driving and require an underlying policy they dont typically report to the MID and as such the underlying insurer wouldn't be aware of its existence. 

One minor point, in the unlikely event your daughter were to drink drive and have an accident her policy will almost certainly exclude all claims where the driver is unfit due to drugs or alcohol. Your insurers would be the RTA Insurer but as she isn't named on your policy then they'd not pay for damages to your car, they would have to pay for damages to the third party and would have a right to recover that money from either you or your daughter. 

cw8825

Tufty199 said:

My daughter passed her test yesterday. I have spent 4 hours trying to sort our car insurance and am very frazzled!

I would like her to be able to drive my personal car but using a policy in her name. I will continue to drive it too but in a policy in my name. However Ageas/Lloyds(my current insurer) tell me that, they will not allow me to have two policies in place on one vehicle. 

Dedicated insurers such as Marmalade who advertise "bolt on" policies for teens to have their own policy whilst parent's have theirs, make no mention of this restriction that may exist on other insurer's policies, such as Ageas.

Does anyone know any insurance companies that would allow a bolt on policy? The only company that I have found is Admiral but they are quoting a very expensive price for me to insure with them.
TIA

the main insurer is not going to like it.
It exposes them to a risk that they dont like.
The messy parts around if its stolen or the other insurer refuses to deal with the claim then your main insurer would be liable

Tufty199

lisyloo said:

What's the reason you want 2 policies?
to build up no claims?
If you tell us what you're trying to achieve, there may be a better way to acheive it.

Yes so she can build up her own no claims. Also weirdly adding her to my policy is more expensive anyway (maybe because I have protected no claims/ and a low excess)

Tufty199

DullGreyGuy said:

Flugelhorn said:

The only time I have come across bolt on policies really working is for learner drivers. rest of the time they have to be a named driver or get their own car

Same people who offer learner driver ones often offer a "young driver" on a very similar basis. 

Tufty199 said:

My daughter passed her test yesterday. I have spent 4 hours trying to sort our car insurance and am very frazzled!

I would like her to be able to drive my personal car but using a policy in her name. I will continue to drive it too but in a policy in my name. However Ageas/Lloyds(my current insurer) tell me that, they will not allow me to have two policies in place on one vehicle. 

Dedicated insurers such as Marmalade who advertise "bolt on" policies for teens to have their own policy whilst parent's have theirs, make no mention of this restriction that may exist on other insurer's policies, such as Ageas.

Does anyone know any insurance companies that would allow a bolt on policy? The only company that I have found is Admiral but they are quoting a very expensive price for me to insure with them.
TIA

Have Budget/Ageas pointed out where in the policy book it states there cannot be two policies on the same vehicle? 

Its highly likely there isn't any such term, instead there is likely to be a term which states that if any other insurance covers a claim then this policy doesn't which is fine because the only time another policy will be covering it is when your daughter is driving which will be covered by her policy. 

Because these secondary policies only cover whilst the driver is driving and require an underlying policy they dont typically report to the MID and as such the underlying insurer wouldn't be aware of its existence. 

One minor point, in the unlikely event your daughter were to drink drive and have an accident her policy will almost certainly exclude all claims where the driver is unfit due to drugs or alcohol. Your insurers would be the RTA Insurer but as she isn't named on your policy then they'd not pay for damages to your car, they would have to pay for damages to the third party and would have a right to recover that money from either you or your daughter. 

I checked the small print on my policy and it makes reference to what happens in the event of a claim if there are two existing policies, and when I put this to Ageas they still insisted that they would not allow two policies on one car and moreover if they knew, they would cancel their policy. They said it was due to two people are not allowed to build  up NCD when only one vehicle is insured. Makes no real sense to me, given we would have paid for two policies. 

You are right though, neither company would know that there were two policies in existence unless a claim is made.

Admiral allow two policies (I think because they underwrite a company that offers bolt on policies).

Bottom line, no one can tell me which companies allow two policies without ringing them individually, hence my post.
 

DullGreyGuy

Tufty199 said:

DullGreyGuy said:

Flugelhorn said:

The only time I have come across bolt on policies really working is for learner drivers. rest of the time they have to be a named driver or get their own car

Same people who offer learner driver ones often offer a "young driver" on a very similar basis. 

Tufty199 said:

My daughter passed her test yesterday. I have spent 4 hours trying to sort our car insurance and am very frazzled!

I would like her to be able to drive my personal car but using a policy in her name. I will continue to drive it too but in a policy in my name. However Ageas/Lloyds(my current insurer) tell me that, they will not allow me to have two policies in place on one vehicle. 

Dedicated insurers such as Marmalade who advertise "bolt on" policies for teens to have their own policy whilst parent's have theirs, make no mention of this restriction that may exist on other insurer's policies, such as Ageas.

Does anyone know any insurance companies that would allow a bolt on policy? The only company that I have found is Admiral but they are quoting a very expensive price for me to insure with them.
TIA

Have Budget/Ageas pointed out where in the policy book it states there cannot be two policies on the same vehicle? 

Its highly likely there isn't any such term, instead there is likely to be a term which states that if any other insurance covers a claim then this policy doesn't which is fine because the only time another policy will be covering it is when your daughter is driving which will be covered by her policy. 

Because these secondary policies only cover whilst the driver is driving and require an underlying policy they dont typically report to the MID and as such the underlying insurer wouldn't be aware of its existence. 

One minor point, in the unlikely event your daughter were to drink drive and have an accident her policy will almost certainly exclude all claims where the driver is unfit due to drugs or alcohol. Your insurers would be the RTA Insurer but as she isn't named on your policy then they'd not pay for damages to your car, they would have to pay for damages to the third party and would have a right to recover that money from either you or your daughter. 

I checked the small print on my policy and it makes reference to what happens in the event of a claim if there are two existing policies, and when I put this to Ageas they still insisted that they would not allow two policies on one car and moreover if they knew, they would cancel their policy. They said it was due to two people are not allowed to build  up NCD when only one vehicle is insured. Makes no real sense to me, given we would have paid for two policies. 

You are right though, neither company would know that there were two policies in existence unless a claim is made.

Admiral allow two policies (I think because they underwrite a company that offers bolt on policies).

Bottom line, no one can tell me which companies allow two policies without ringing them individually, hence my post.
 

There are no universal rules on NCD, each insurer is entitled to make up their own. There are some common rules but every now and then an insurer comes up with something new and some will copy them and others won't. So you can build up NCD off of two policies on one vehicle with the majority of insurers at least. Hell, get into commercial insurance NCD isn't an upfront discount at all but a rebate given if you dont have a claim in the year and go on to renew the contract.