New company car but keeping car

oliel

My son has been given a company car. He wants to keep his own car for the time being. I'm Just wondering what the best thing to do insurance wise it is very unlikely it will get driven very much and probably more likely I will drive it more than my son.

Currently we have a multi car policy he is down as the main driver on his car with 10k miles per year my husband and I are named drivers as we use the car. It's unlikely the car will do more than 4k miles from now on.Just wondering what the best thing to do would be insurance wise as son is 19 and paying quite a bit for insurance when he wont really be using the car - would be great to key and keep his no claim bonus.

sheenas

it’s not good for a car to site about and not be used. They get damp and the batteries tend to die quickly. Insurance wise i think he could get a letter from the insurance of the company car policy when he leaves, stating the number of years without claims.

Jemma01

If you will become the main driver as you say, change the insurance to your name, and your son as the 2nd driver. Legal, as long as you (parents) arent fronting.

Is the insurance from his company will belong to him as the policy holder? If not, he'd still have 2yrs for his past ncp. I don't think it's worth the worry now, let him try for a year and then re-evaluate. He should hand over the car to you guys.

Aretnap

Agree it's unlikely to be worth the cost of maintaining and insuring a car that he's not getting any use out of - especially given the costs of insuring a car as a 19 year old.

As far as no claims bonus goes, if he cancels the insurance now most insurers will still accept it for up to two years. A handful will currently accept it for three years. It is certainly not going to be worth paying three years full whack on insurance that he doesn't need just to get a fairly small discount on Year 4's premium. Especially as Year 4 will be cheaper anyway, on account of the fact that he'll be four years older and more experienced as a driver.

Basically, unless he's worried that the company car s going to be a very short term thing, the sensible answer is going to be to get rid of his own car. Or transfer it to you, if you think that you might get some use out of it.

Arunmor

The real question is are YOU going to use the car and/or do you really need to use the car?

If the answer is yes then drop him from the policy and in insure your name.

If the answer no sell the car.

Are you concerned his job might be at risk going forward?

oliel

he does cat sales he gets a car from work as a benefit all insurance etc is covered by his work, work is 2 year probation he's a year in and just got car doesn't want to ever be left without a car as we live in countryside - he has finance to pay on his car still

paul_c123

How much does a cat go for these days? About £45?

flaneurs_lobster

My new cat purrs like a contented car.

GrumpyDil

What sort of finance does he have as that may well determine what his options are?

HedgehogRulez

he’s a door to door cat salesman?

facade

If the car is going to be standing around most of the time, get a load of those desiccant bags, either silica gel (it is actually crystals, same stuff as the crystal cat litter) or powdered clay (bentonite), put a couple on the dash, one in the boot and one on the rear parcel shelf. something like https://www.ebay.co.uk/itm/136365210695

Keep an eye on them and dry them out regularly when the blue spot goes pink. (Don't get the single use ones that turn to liquid like Unibond Aero, they work really well in the spare room, but if you spill any of the liquid- which you will in a car, it never ever dries up!)

If you let the car sit unused most days a week it will get damp inside, then mould will form in the carpets and seats and it will never be the same again, even after a full valet, £50 on dessicant is cheaper than trying to sort out mould.

Aldi/Lidl do the bags of bentonite towards Winter time.