Cheaper insurance by adding another driver?

CreepingDeath

Hi,

my girlfriend said she can get cheaper insurance if she adds me as a named driver to her policy. From €425 to €370.

Anyone know what the story is there ?
I've my own full license and insurance, and can drive any car on my policy.

Is there any gotcha's to this ?
Eg. if she crashes, it goes against my policy, or anything strange like that?

Just seems a little strange, that she gets cheaper insurance AND extra cover.

regards,
CD

Idleater

Because you are a safer driver than she is, so the time that you spend driving it constitutes less of a risk to the insurance company

With mine, it's actually cheaper for me to be the main driver than her, vice versa would be an extra 40%. That has to do with her less NCB/my more NCB I guess.

CarMuppet

Adding my wife to my policies has brought down my premiums. My wife already has her own policy too. It's the old women are safer drivers thing I guess?

Wossack

herselfs premium went down like this also

I guess statistically, 'couples' are safer drivers then 'singles'?

johnos1984

Funnily I've actually been advised to removed my 60 year old motor from my policy to make a saving when I insure the new car.

Funny old world, I only had her on it in case of emergency

langdang

Ya makes no sense to me -in my case it's like a reversal of the usual female cheap insurance, male high insurance thing.
Her, no NCB, 1 recent claim. Low insurance cost considering, say 850ish.
Me, 5yrs ncb. Approx 600euro.
Both cars same approximate power.

It costs me money to add her to my policy, but it costs her less when she adds me to hers?

If she has relatively cheap insurance, shouldn't she be bringing down my policy? If I have relatively high insurance, shouldn't I be increasing her policy cost???

The Random Number Generator strikes again I think!

chasm

langdang wrote: »

Ya makes no sense to me -in my case it's like a reversal of the usual female cheap insurance, male high insurance thing.
Her, no NCB, 1 recent claim. Low insurance cost considering, say 850ish.
Me, 5yrs ncb. Approx 600euro.
Both cars same approximate power.

It costs me money to add her to my policy, but it costs her less when she adds me to hers?

If she has relatively cheap insurance, shouldn't she be bringing down my policy? If I have relatively high insurance, shouldn't I be increasing her policy cost???

The Random Number Generator strikes again I think!

I would assume the fact that she has a recent claim is why it is a reversal in your case, could be wrong though.

Bonito

Lots of ins and outs tbh. Does she have an insurance company that asks if you have your own car aswell as being insured on hers?

Basically it's her policy and you're a named driver. She still builds up a NCB every year, you'll only gain a fraction of more NCB to add to driving experiece.

As per your own policy, I'm guessing you're fully comp and are covered third party only to drive others cars?

If you get put on her policy, you get full protection if, god forbid, an accident were to happen while you were driving.

It's a win win. She pays less and next time you're driving her car, you're covered just as much as she is as opposed to driving it with the little add-ons from your insurance policy.

P.C.

Yes, she can get cheaper insurance if she adds you as a named driver on her policy, as long as:
- you have your own car
- you have your own insurance on your car
- you have a car of a similar engine size to her
- you don't have too many penalty points
- you have a full licence
- you have not had any recent claims

The interesting thing is that for the purposes of insurance, she is considered your partner.
But, you could add your house mate to your insurance as your partner, or a friend.
Basically, as long as the partner complies with the criteria above, you could bring down the cost of your insurance by adding them.

Bonito

P.C. wrote: »

Yes, she can get cheaper insurance if she adds you as a named driver on her policy, as long as:
- you have your own car
- you have your own insurance on your car
- you have a car of a similar engine size to her
- you don't have too many penalty points
- you have a full licence
- you have not had any recent claims

The interesting thing is that for the purposes of insurance, she is considered your partner.
But, you could add your house mate to your insurance as your partner, or a friend.
Basically, as long as the partner complies with the criteria above, you could bring down the cost of your insurance by adding them.

For her to put him under her on her policy, all he has to have is a license.

Obviously the other points are what's going to make it cheaper, but all he needs is a license.

CreepingDeath

Thanks for the replies.

Yeah, they only seem to want a photocopy of my driving license, so I can't see any negatives. If they wanted my insurance details I'd be more suspicious.

Her insurance is more than half of mine, and she admits to being a bad driver.
There's no justice in the world I tell ya !

oldyouth

It's a profiling thing that Insurers do. Single young males are considered the worst risk, yet males who have a partner are considered to have 'settled down' are are less of a risk. The idea is that, at the high risk period of 11pm to 3am at the weekend, you are tucked up with your other half rather than having the car loaded up with testosterone fuelled young men looking for a ride (or a batterburger)

Bottom line is that the suits in insurance companies come up with these thoughts and the premiums are set accordingly

P.C.

CreepingDeath wrote: »

Thanks for the replies.

Yeah, they only seem to want a photocopy of my driving license, so I can't see any negatives. If they wanted my insurance details I'd be more suspicious.

Her insurance is more than half of mine, and she admits to being a bad driver.
There's no justice in the world I tell ya !

I added my partner to my insurance, to bring the price down.
Also had to send them a photocopy of her licence.

Berty

I had my Sister and my mother on my policies for years. It brought down the premium a fair whack.

Both worse drivers but on paper they are faultless.

Esel

johnos1984 wrote: »

Funnily I've actually been advised to removed my 60 year old motor from my policy to make a saving when I insure the new car.

Have you tried getting a quote for vintage/veteran insurance?

Buffman

Adding my father saved me €30. Unfortunately none of the women in my life drive, or I might've saved a bundle! Any women out there want to be a named driver on my car?:D

Seriously though, sometimes the 'logic' the insurance industry uses is very strange indeed.

Del2005

Buffman wrote: »

Adding my father saved me 30. Unfortunately none of the women in my life drive, or I might've saved a bundle! Any women out there want to be a named driver on my car?:D

Seriously though, sometimes the 'logic' the insurance industry uses is very strange indeed.

They don't have to drive, they just need a learners permit

bongi69

Its called Insured & Spouse discount.

Note that they use a very loose translation of spouse, so even if you say partner/girlfriend, most brokers/insurance companies will give this discount, which can be anything up to around 10%. And the other person does not need to have their own car/insurance policy. If they do ask, they're probably fishing for another sale.

I am a qualified insurance professional, however I've been out of the game since being made redundant last year, so it could have changed. But based on getting renewal quotes recently I don't think it has.

langdang

chasm wrote: »

I would assume the fact that she has a recent claim is why it is a reversal in your case, could be wrong though.

But relatively they are rating me as a much bigger risk (despite the evidence!) for my own policy - 600euro without approx 50% discount for 5yrs+ NCB would be 1200 euro TPFT. She's 850ish fully comp with no NCB. These figures are from the same company.

Lets face it - if I'm on her policy then there's a good chance I'll be doing any long drives, drives in bad weather etc (ye've all had this experience guys). But if shes on my policy, it's for emergencies only - because day-to-day "oh it's too hard to park, the clutch is funny etc " (kinda true by the way, not being sexist, just realistic!)

wmpdd3

My 50 yr old father has been on every insurance policy I've had for the last 10 years, always brought it down.

With axa and hibernian my partner brought it down but with tesco it made no difference.