Insuring a car not thats not in my name

mrbadexample

samgoffe wrote:

I have a form i have to fill out and state where i live and what test centre. The page has a list of 40 or so, the closest to me is :

VOSA
RTE Division
Bicester GVTS
Launton Road
Bicester
Oxon
OX26 0JG
01869 243416

So a VOSA approved i assume :S

Have you tried the next closest to see if they can do it sooner? (They might just refer you back to the closest though).

illmonkey

yes, its quite a distance for a "dodgy" car

But none of them answer the phones, i have tried quite a few times.

mrbadexample

samgoffe wrote:

yes, its quite a distance for a "dodgy" car

But none of them answer the phones, i have tried quite a few times.

Keep trying! Sorry, don't think I can be of any more assistance here...

illmonkey

mrbadexample wrote:

Keep trying! Sorry, don't think I can be of any more assistance here...

Only company i found last night ... Liverpool Victoria!

There quote was a bit on the high side ....

.....£2600 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Are they joking?

Thats fully comp (3rd party was only £100 cheaper), 2 accidents last year, someone hit me and i rolled a car. 19 year old male, no NCB and in a low post code area.

Ian_W

No joke!! And maybe not what you want to hear Sam, BUT ...

Insurance is based on perceived risk and you're right at the top of an underwriters highest risk profile. You're male, 19, with 2 previous accidents [claims on either?] - for them you're a distaster waiting to happen!! Reason it's only £100 cheaper for TPFT is the most expensive risk they're insuring is you causing an accident which injures someone 3rd party, and leads to 10's maybe 100's of thousands of pounds in compen payouts.

Most mainstream insurers want to cherry-pick middle-aged drivers with 5+yrs NCB as they are the best risk and, as such, can get very low premiums.

Just done a google search for car+insurance+young+driver and there are several specialists you might want to try, one's HERE. But do the search yourself and try them all. Of course they may not be one's who will insure a car that you're not reg keeper of.

Alternatively, check local yellow pages and see if you can find a broker who specialises in young drivers and let them do the legwork. BoL.

illmonkey

Ian_W wrote:

No joke!! And maybe not what you want to hear Sam, BUT ...

Insurance is based on perceived risk and you're right at the top of an underwriters highest risk profile. You're male, 19, with 2 previous accidents [claims on either?] - for them you're a distaster waiting to happen!! Reason it's only £100 cheaper for TPFT is the most expensive risk they're insuring is you causing an accident which injures someone 3rd party, and leads to 10's maybe 100's of thousands of pounds in compen payouts.

Most mainstream insurers want to cherry-pick middle-aged drivers with 5+yrs NCB as they are the best risk and, as such, can get very low premiums.

Just done a google search for car+insurance+young+driver and there are several specialists you might want to try, one's HERE. But do the search yourself and try them all. Of course they may not be one's who will insure a car that you're not reg keeper of.

Alternatively, check local yellow pages and see if you can find a broker who specialises in young drivers and let them do the legwork. BoL.

I understand of the high risk factor, i just think its so silly, i mean maybe £1500 but £2600 ! I can get insured on my 1.2 clio (new) for £1200! and my girlfiends mini cooper (new shape) for £1400! :O

That site looks dodgy as hell by the way, i wouldnt use them!

Ian_W

OK Sam, it is a Joke!!

Goes like this,
contact an insurer for a quote, if they do that line of insurance there's an unwritten rule that they will always quote.
Get a ridiculous price from them, like here ... and the punchline is ....
They don't want your business! :rotfl:

Sorry, you found the link "dodgy" and the rest of the post wasn't more helpful. :rolleyes:

SammyD_2

Keithwales is correct about needing an insurable interest...however there is no point expecting definitive definitions as there are very large books on insurance law setting out the arguments people have had over this. In practice, companies will insure cars of which you are not the registered keeper - I own the policy on our car - my husband is the registered keeper. (Done because he was at work the day we bought it and so I had access to the phone and arranged the insurance). Both Direct Line and Tesco have insured on that basis, and Tesco has paid a claim with no quibbles over this. It did take some explaining however when I took out the policies and again when I got the documents.

But you should not confuse being the registered keeper with ownership - they are not the same thing, nor is being the registered keeper the only way you can have the necessary insurable interest.

Good luck.