Insurance Help

Mister Man

Some of you might have seen the pictures I took of my BMW I bought the other day. It's a lovely 2001 BMW 320d (2L diesel engine)

Now, I'm only on a provisional license, as I've only started driving very recently. My father said he'd let me get insured under his policy as a named driver.
So I was waiting to get my license in the post, and he said he'd chance his arm, and see if they'd take me without the license in hand. They didn't, but said they'd change his insurance to the Beamer, and I could just drop in whenever I got the license in the post.
Came in the post today, and he went in to sort it all out - Only to be told that it's too old (12 years and over it old for them, I think he said) and too powerful.
Now, I know it's a powerful car, but surely they should still be able to stick me on the policy as a named drive, no?
His current policy is with Axa. Would I have had better luck if he was with someone else?
Any possible way to work around this? I don't fancy trying to sell it off, only a week or two after buying it.
I don't get why they didn't say this all last week when he was switching his insurance. He made it very clear that I was going to be insured on his policy, as a named driver.
Anyone go any suggestions?
He was looking at garage insurance, as we have quite a few cars. 6 Total I believe. Axa said he needed to be a member of something? Anyone know what it is, or how to become a member of it? Just another option, I guess.
They did say something about fleet insurance. He didn't mention much of that to me. I'm assuming it's stupidly expensive?

Any help is appreciated. If I'm not aloud talk about companies or insurance here, I apologies.

Chippy01

I saw this last night and wondered if it was real???

Tell me OP in all seriousness, if you were an insurer, would you insure someone with a learner permit in a 2 litre BMW?? (albeit as a named driver)

If your father transfers his insurance to your car, his car is would then be uninsured. You are going to need a seperate policy for your car.
Also if your father is going to be the policy holder on your car, so that you can be put down as a named driver, he also needs to have an insurable interest in the car, that means it'll need to be registered in his name.

I don't know how the law in Ireland stands on this, but if your father registers the car in his name, becomes the main policy holder and lists you as a named driver BUT you are the main driver of that car, that is called 'fronting'. This practice, although fairly common is seriously frowned on in the insurance business, and could bite you badly if things go pear-shaped.

djimi

Insurance companies can be notorious for this kind of thing; I nearly lost out on getting my car because 123 decided overnight that they didnt want to insure Jap imports after giving me a quote that week.

You should be able to find someone who will insure you (I cant imagine XS Direct for example would turn away the business), but the question is how much will it cost, and what level of cover will you get.

Depends on how much you are prepared to spend on this car, but even with the way you are proposing to insure the car it is going to work out expensive. Unless you father can find an insurer who is willing to mirror his NCB from his own policy then he is going to end up paying full whack for the policy, plus a fairly hefty premium Id imagine to add learner as a named driver to a car like that.

In reality you might be better off forgetting about BMW for a couple of years, go off and get yourself something that you can afford to insure on your own policy, get your full license, build up some experience and some NCB and come back to the BMW in a couple of years when you look a more attractive prospect for insurers.