Possible concequences?

RedXIV

Hi guys,

Just checking to see if I'm missing anything here.

My plan is basically to cancel my insurance on my car, put the car in herself's name as she's going to be using it 99% of the time and let her get insured on it with me as a named driver. My insurance was around 2.1K this year as I totalled my previous car in 2011 whereas she has an immaculate record. I'm hoping that since I won't be driving much anyway this shouldn't affect us too much as I now get public transport to my new job.

What I'm wondering is though, will I get penalised further for not having a car registered in my name if I go to get insured on my own car again in the future? Or if I manage to put it off for the 3/5 years after which you don't have to put down claims will my premium be cheaper than it is now with the claim being in the last year?

Cheers!

seamus

You will lose any NCB you would have been building up in your own name so when you next go to get a policy, you're coming in at zero. Though most insurers now do give discounts if you have a number of years claim-free as a named driver.

I would do up a few sample quotes before you go through this rigamarole. I've found in the past with my wife that there's usually little or no difference who is the main driver and who's the named driver, the quote tends to come to out about the same.

When adding you as a named driver, the insurer will ask if you have any claims and will then apply loading. It's definitely worth a try though.

Yawns

It's legal to do as she will be registered owner and policyholder.

You won't be able to accumulate any NCB in your own name but you will have a record of driving with cover on another person's policy. Some companies take this into account and there is one or two that may shadow her NCB as yours. Very rare tho. Also assuming no claims in the meantime as well of course.

The other flip side is that in order for you to be a named driver, you need to give details of your claim and it will push the premium up. No telling how much until you ring of course.

As for penalised for not having a car in your name for the intervening years, the only thing really is no NCB in your own name outright. Lets say 5 years pass and you were on your gf's policy and no claims. While she would have the 5 years NCB, you would have none. Some companies will take that 5 years and might give you the equivalent discount of a 2 year NCB or may shadow and give you the 5. The shadowing is not common.

RedXIV

seamus wrote: »

You will lose any NCB you would have been building up in your own name so when you next go to get a policy, you're coming in at zero. Though most insurers now do give discounts if you have a number of years claim-free as a named driver.

I would do up a few sample quotes before you go through this rigamarole. I've found in the past with my wife that there's usually little or no difference who is the main driver and who's the named driver, the quote tends to come to out about the same.

When adding you as a named driver, the insurer will ask if you have any claims and will then apply loading. It's definitely worth a try though.

Cheers for the response.

Already have 0 years NCB (crashed in my second year, couldn't protect 1st year). We're hoping that it may drop the payments we're making a bit, but maybe quotes would be a good place to start.

Cheers!

Yawns

One major thing to think about is come December or so, that new EU law regarding gender basis for insurance comes into affect. They can no longer give cheaper insurance to women solely because they are female. The effect of this is highly likely to be premium increases for female drivers to closer match male driver premiums. Clean driving experience will become the most major factor from now on with engine size. Currently it certainly seems that gender is the #1 factor with clean driving experience well below.