idea for insurance on big cars for peanuts

Volvoboy

just thinking today would it be possible if i got fully comp insurance on say a 900cc Fiat Cinquecento and be insured on to drive other peoples cars.
then buy say a Mercedes 300SEL hence be insured on the Merc under the fiat policy??

_Kaiser_

I'm gonna say no cause AFAIK, you're only covered for TPFT on other cars and the owner (who is not you) must have a fully comp policy.

Besides, what you're describing is fraud, and you'd probably end up being classed as driving without ANY insurance. Not worth the risk IMO.

Volvoboy

well i'd only (if it were possible) do it on fully comp ins. i know your not coverd to drive other peoples car on tpft.

zAbbo

why not just get a high excess policy for about 900 euro ?

If thats what you're after ?

Volvoboy

hmmm, know anybody who does it?

zAbbo

http://xsdirect.ie/

Stark

You're only covered for Third Party insurance on other people's cars, not TPFT or comprehensive. You don't need comprehensive insurance yourself, I have TPFT and I'd be covered on others' cars if I had a full licence.

Also, the fact that you'll be the owner of the Mercedes sounds very dodgy, as your insurance policy will be covering you to drive other people's cars.

If it was as easy as you're suggesting, then everyone would be doing it.

Volvoboy

thanks, but it dosent give a quote for under 25's

thanks all the same.

Fey!

If the second car is registered to you, then you wouldn't be covered to drive it unless you transferred your policy (read your policy).

ninty9er

What Kaiser was getting at is that even if you have comp, the other person's car still has to have an insurance policy covering fire, theft + comp if they want. AFAIK most companies except AXA(i think they do a tpft policy that covers driving other cars for anyone) will only insure you to drive other people's cars if your policy is comp and you have a full licence. You'll still only be covered for injuries to 3rd parties by your own policy, the other person's policy will (depending on cover) cover damage to the car you are driving. Meaning if you put yourself in hospital for 12 months in a crash you're fu<ked cos the insurance won't cover your bills

Mr Magnolia

Volvoboy wrote:

just thinking today would it be possible if i got fully comp insurance on say a 900cc Fiat Cinquecento and be insured on to drive other peoples cars.
then buy say a Mercedes 300SEL hence be insured on the Merc under the fiat policy??

Your cover only insures you to drive another car if:

1. you have the other car owners permission

and

2. the other car is insured

Volvoboy

Your cover only insures you to drive another car if:

1. you have the other car owners permission

and

2. the other car is insured

Damn!

well back to the drawing board.

Stark

Sparks400 wrote:

Your cover only insures you to drive another car if:

1. you have the other car owners permission

and

2. the other car is insured

I don't think that second part is true. The belief might stem from the fact that the car needs to be insured before it can be taxed, meaning you'd be driving an untaxed car but you'd still be insured. At least according to AXA and Quinn Direct policies anyway.

John R

Stark wrote:

I don't think that second part is true. The belief might stem from the fact that the car needs to be insured before it can be taxed, meaning you'd be driving an untaxed car but you'd still be insured. At least according to AXA and Quinn Direct policies anyway.

Yep, red my policy and it says nothing about the other car needing to be insured.

Mr Magnolia

Ask your insurer the question. This is the case with Hibernian and Quinn that's all I can speak for, but I'm sure they're all the same, in fact I'm nearly certain.

Barr

I asked this question to my insurer before as well. Hibernian basically said the other car does not need to be insured

You would be covered in the other car third party only as long as you are not the registerd owner

So you can insure a 300SL on fiat money in theory;)

Volvoboy

so say if i get my mam to register her name to a merc and get the previous owner to tax it before he sells it on hence being taxed and insured and will be nct'd i could legally be insued- well in theory anyway.


http://www.carzone.ie/usedcars/index.cfm?fuseaction=Car&carID=427171&message=You%20searched%20for%3A%20Mercedes%2DBenz%20300%2C%20Year%3A%201990%2E%20Your%20search%20returned%20one%20vehicle%2C%20which%20is%20shown%20below%2E&CFID=17823591&CFTOKEN=71368008 - somthing like this

Sizzler

Yeah it will work alright, Im insured to drive any car (as Im sure most ppls policies are similar these days) but the only car thats covered for comp is my own. So I could take your merc for a spin but if I slam it into a wall and cause 10K worth of damage then Im going to be a very poor punter!

You're basically only covering yourself for liability of causing damage to someone else, not covering your investment.

green-blood

if they you had an accident they wil only cover the more valuable vehicle up to the value of your fiat.

there is only ione way to bring down insurance, stump up, get older and dont crash in the meantime.

what's proposed is insurance fraud

testicle

Volvoboy wrote:

just thinking today would it be possible if i got fully comp insurance on say a 900cc Fiat Cinquecento and be insured on to drive other peoples cars.
then buy say a Mercedes 300SEL hence be insured on the Merc under the fiat policy??

The Merc must not be owned by you

Barr

testicle wrote:

The Merc must not be owned by you

Theres noting stopping you registering the car in anothers name such as a spouse or the like.

As long as the name on the VRC is not your own you are not deemed to be the owner.

Robbo

Don't insurance companies have a concept of "the beneficial owner" of the car which is the person who will use it most?

Other than that, I cannot see anything wrong with this foolproof and ingenious plan. No siree bob.

Volvoboy

Other than that, I cannot see anything wrong with this foolproof and ingenious plan. No siree bob.

sarcasim?? i can never tell on these things.

-VB-

Our man in Havana

It will all be ok till there is a claim and then your house of cards will come tumbling down.

Barr

Robbo wrote:

Don't insurance companies have a concept of "the beneficial owner" of the car which is the person who will use it most?

This may apply if you were insuring the other car under the insurance policy but your not
You are merely driving it through an extension on your existing policy

loyatemu

I've had several policies covering the driving of other peoples cars, and I've never seen a clause that requires that the other car be seperately insured.

if you think about it, it is your liability that is being covered - if you injure someone, or cause damage to someone elses property then that is covered. If you injure yourself, or damage the car your driving, that is not covered. why would your insurance company care whether the other car has its own policy or not.

however you are legally required to have an insurance disc on the car - you could probably use the disc off your own car, but could have a bit of explaining to do if an eagle-eyed garda spots the different reg numbers.

Our man in Havana

If it is only a once off use of the other car, a garda would forgive the lack of insurnace disk, but you better have your cert to hand to show you are insured.

Henry Ford III

green-blood wrote:

if they you had an accident they wil only cover the more valuable vehicle up to the value of your fiat.

Incorrect. His 3rd party cover (damage done to others) would be normal, and unrelated to the value of the FIAT.

What he's proposing would work in theory. The issue of not having an insurance disc displayed is the biggest single flaw in it.

That and c.€1300 road tax p.a. on the Merc.

3rd party cover is nearly always insufficient btw.

Our man in Havana

As he would not be issued with an insurance cert for the merc he would be unable to tax it, leaving the merc liable for seizure if detected by the Gardai.

Esel

Another VB brainwave! :rolleyes: AFAIK, the other car has to be insured. If this wheeze worked, wouldn't a lot of people be doing it? Think. You might pass a checkpoint, but not a claim. Then you are royally fckd. Also, the owner of the other car will be liable for any damage you cause, as well as for letting an uninsured driver use the car. Do you want to do this to your mother?

Why not ring up another insurance company anonymously and ask them. Tell us what they say.

Our man in Havana

You would never pass a checkpoint imho. The lack of road tax would be the big issue.

opus

John R wrote:

Yep, red my policy and it says nothing about the other car needing to be insured.

Yeah I checked that once when I was driving a car home for someone who had just bought it, car was off the road previously so had no current insurance. Insurance company (can't remember which one) told me it didn't matter as my insurance would cover it once I was driving.

Chrissie

Volvoboy wrote:

i know your not coverd to drive other peoples car on tpft.

??????????????

My insurance cover is TPFT.
I was told straight out by the insurance company that yes, I was insured to drive other peoples cars, provided those cars were insured.

Vegeta

This whole scheme does work as my brother does it the whole time (was driving an EVO VII on escort insurance), he has been called in to the garda station twice to show his insurance policy, he showed his policy and then off he went. My dad was the owner of the EVO so there was no problem

On the phone to Quinn direct he wanted to transfer his insurance to another car for the day, my brother's BMW. They asked him why bother as his policy allowed him to drive the car as long as it was taxed and NCT'd.

Henry Ford III

Look it's simple really.

If you set out to drive and lie to an insurer on the way, you can be sure they will try to wriggle out of any subsequent 3rd party claim. The question "are you the main driver" must have been incorrectly answered.

The road tax issue is still not solved either.

Driving a valuable car on 3rd party insurance is madness btw.

frobisher

And do you send it back for a new one?

taby_dub

Volvoboy wrote:

thanks, but it dosent give a quote for under 25's

thanks all the same.

It does give qoutes for under 25 im 23 and drive a 01 325 covertiable and was refused a qoute from a few companys but i got in touch with a broker in town and they got me a qoute no probs

Topcat101

Volvoboy wrote:

so say if i get my mam to register her name to a merc and get the previous owner to tax it before he sells it on hence being taxed and insured and will be nct'd i could legally be insued- well in theory anyway.


http://www.carzone.ie/usedcars/index.cfm?fuseaction=Car&carID=427171&message=You%20searched%20for%3A%20Mercedes%2DBenz%20300%2C%20Year%3A%201990%2E%20Your%20search%20returned%20one%20vehicle%2C%20which%20is%20shown%20below%2E&CFID=17823591&CFTOKEN=71368008 - somthing like this

Looks lke something you'd see Del Trotter driving:D

Blue850

I insured my car with AXA recently and asked about driving other cars.
I was told. The other can't be my name or spouse/partners name, (you have to be named on their policy). The car has to be Irish reg,taxed and NCT'd. It doesn't need to be insured as your policy is transferring onto it, but third party cover only. How about buying a cinq and insure it and then buy a 20 year+ old merc and insure for about 2-300 euros on a classic policy?

Volvoboy

[QUOTEAnother VB brainwave! ][/QUOTE]

Quote:
Originally Posted by Volvoboy
i know your not coverd to drive other peoples car on tpft.


??????????????

Sorry ment to say not insured to drive other peoples cars when you have 3rd party ins.

cargrouch

OK, got bored reading "it has to be insured by someone else" vs "it doesn't have to be insured by someone else"

Right - Quinn direct + Full licence + tpft on whatever car = insured third party to drive any car not in your name
The current policies make no mention of the need for it to be insured by anyone else.

And you can be sure there's fellas insured on micras driving skylines registered to their grannies.

However - I think insurance companies will smell a rat in situations like this if there is a need for a payout and there's no saying they won't chase you for money if you were obviously pulling a stroke.