No 'No Claims Discount'

imported_jac

Hi

I have been putting my son on my insurance policy as a named driver and think that he ought to start building up his own NCD. I found that Yes Insurance was a good rate for me, so then I tried it in my son's name, and it came up with a figure of about £500. Then I tried it in my son's name but with me as the main driver, which I am, and it came down to £267.
Are there any pitfalls in doing this. He will be building up his NCD and then, when he is the main driver, he will have a better discount.

Thanks
Jackie

alanwjones

http://www.insurancedaily.co.uk/2007/11/01/illegal-fronting-in-car-insurance-a-growing-problem/

*MF*

You start to lose your own entitlement to NCD - takes a while to lose it completely, so not a major worry.

If a claim occurs - say the car is written off - your son would be the claimant - and the recipient of any cheque - but questions might then be asked as to why he was insuring a car he didn't own.

If you caused a claim, or say it is a hit and run type accident - your son loses his NCD.

These are just initial thoughts that occur off the top of my head. Appreciate fully what you are trying to do - find an answer to a problem every young driver faces - I am just not convinced it is the right answer..

imported_jac

Thanks for your reply *MF*. I am using all my discount on my other car, so I have no NCD on this one. It sounds a bit complicated so I think I'll just insure it as normal with my son as a named driver. He can worry about his insurance when he gets his old VW Beetle on the road.

Thanks again
Jackie

*MF*

There was a post on here just recently which said (I am 99% sure) that there was an Insurer who would match one car's NCD with a similar amount for a second car even if you didn't have an NCD for that second car - which might help YOU with the overall financial position for later on - when your son comes to insure in his own name.

I had a quick search - but couldn't find it, and sorry have to go - maybe another member will remember - and it might help just on the money saving side.

tinkerbell84

Admiral multicar will match bonus under certain conditions

shelly

Couple of years ago ASDA mached hubbys full NCB on our second car but that was only for the first year, at renewal the second car had 1 yr NCB.