Insuring 2 cars with one owner

Sam Kade

How much would it cost a 45 year old person to insure a second car when their ncb is used up with the first car?

visual

Sam Kade wrote: »

How much would it cost a 45 year old person to insure a second car when their ncb is used up with the first car?

I got caught on this and had to start a new policy with zero ncb
I got a discount because I had both cars with same company.

ive hear that some company will give consideration to your ncb on first car but dont know how much cheapee that works out

wilford

It depends if you can get insurance with the same company,I pay €440 fully comp on a 2nd car,both cars are with Allianz.It has a full bonus on it now but I still never payed more than €600 when I was in your position.

corktina

wil the second policy earn it's own NCB then? That's interesting

Sam Kade

corktina wrote: »

wil the second policy earn it's own NCB then? That's interesting

Yes you can build up a second ncb on the second car.

antodeco

I've three cars insured under my own name. When I took out the additional policies, I got my NCB mirrored, but was unable to build up an additional NCB on the other cars. I already had the "60% scale" so I realistically couldn't build up anymore on the other cars.

Guy:Incognito

Is the 2nd car a relatively cheap one with a small engine and a young named driver on the policy?

Sam Kade

Guy:Incognito wrote: »

Is the 2nd car a relatively cheap one with a small engine and a young named driver on the policy?

No the main car is a 1.8 with a young named driver.

goz83

Sam Kade wrote: »

No the main car is a 1.8 with a young named driver.

And would you be the main driver of both cars?

Sam Kade

goz83 wrote: »

And would you be the main driver of both cars?

Yes, my son is the named driver he's almost 19 with a full licence since last year.

goz83

Sam Kade wrote: »

Yes, my son is the named driver he's almost 19 with a full licence since last year.

If that's true, the insurance company might be cynical, regardless. More often than not, parents are insuring second cars in their name, for young Johnny, because he's young and insurance isn't cheap. I'm not saying this is the case here, but it's how it will likely look to the insurance company. A full license does not make a good driver, but it's a start.

Only recently, a young driver, not much older than your son smashed into the back of my car, destroying it and one of the discs in my lower spine along with other injuries. The other part of the story is that he was driving under his mums policy, so all her NCB is gone and there is a pending PI claim, which could take years to settle and will impact her AND his policy for years after that. It could cause problems if the insurance company were to question if the young driver was the main driver of the vehicle in question. Just food for thought.

keithclancy

Sam Kade wrote: »

Yes, my son is the named driver he's almost 19 with a full licence since last year.

The days of that being cheaper are gone imo.

Better off to take the pinch and insure it on his own name and build up his own ncb.

Also any accidents would wipe out your own ncb.

djimi

keithclancy wrote: »

The days of that being cheaper are gone imo.

Yup. Out of curiosity I rang Liberty one day to ask them out this, and was told that they now price all policies according to the highest named risk, so whether the experienced driver is the policy holder with a young driver named, or the young driver is the policy holder, it makes no difference to the price; the policy will be priced according to the risk of the young driver.

Which is the way that it should be really. Unfortunately it is going to make it very hard for young drivers to get on the road in this country if this becomes the common policy of all insurers, as the only way most of us could afford to start out was to be named on a parents policy (and even at that it was woefully expensive).

Gosub

This annoys the hell out of me! If I'm a safe driver on one car (and therefore an insurance 'safe bet'), surely I'm a safe driver on the second car as well.

I lived in Spain for years, where I had insurance on 4 cars at one point, all with the same no claim bonus! Any licensed driver 26 or over could drive any of my cars as well. When I returned to Ireland I was able to carry the NCB to one car. I could have carried the NCB from the second car I owned when I left Spain, but I only have one car here... at the moment.

Europe me arse.

When will we be able to choose where we buy insurance in Europe? This is the only thing that will break the insurance stranglehold in this country. I'm not holding my breath though.

danger_mouse_tm

What would stop you just going to another insurance company and telling them nothing about your first car and presenting your no claims bonus for the previous year. I've often wanted to have a second car (a convertible for example). I have also heard that insurance companies don't like you transferring insurance policies from one car to another too many times. It would be a viable option (for me anyway) if I could put the insurance on the convertible for the summer and put it back to the other car after.

Sam Kade

goz83 wrote: »

If that's true, the insurance company might be cynical, regardless. More often than not, parents are insuring second cars in their name, for young Johnny, because he's young and insurance isn't cheap. I'm not saying this is the case here, but it's how it will likely look to the insurance company. A full license does not make a good driver, but it's a start.

Only recently, a young driver, not much older than your son smashed into the back of my car, destroying it and one of the discs in my lower spine along with other injuries. The other part of the story is that he was driving under his mums policy, so all her NCB is gone and there is a pending PI claim, which could take years to settle and will impact her AND his policy for years after that. It could cause problems if the insurance company were to question if the young driver was the main driver of the vehicle in question. Just food for thought.

My son is already insured in the main car the second car would be a run around.

He's also a very careful driver and adheres to the rules of the road and speed limits in fact I'd say he's a safer driver than myself.

quadrifoglio verde

Sam Kade wrote: »

My son is already insured in the main car the second car would be a run around.

He's also a very careful driver and adheres to the rules of the road and speed limits in fact I'd say he's a safer driver than myself.

That doesn't stop him crashing though. You can drive like a granny and still crash into the back of someone.
I think what goz is on about is the fact that if he crashes, he's fecked and your fecked.
At least if he had a policy in his own name, if he crashed it doesn't affect yours.

Sam Kade

quadrifoglio verde wrote: »

That doesn't stop him crashing though. You can drive like a granny and still crash into the back of someone.
I think what goz is on about is the fact that if he crashes, he's fecked and your fecked.
At least if he had a policy in his own name, if he crashed it doesn't affect yours.

If you crash into the back of someone you either aren't watching where you are going or you're driving too close. The insurance I have having one crash doesn't affect my ncb, even if my son crashes Anyone can have a crash whether they are 17 or 47.

Kopparberg Strawberry and Lime

Sam Kade wrote: »

If you crash into the back of someone you either aren't watching where you are going or you're driving too close. The insurance I have having one crash doesn't affect my ncb, even if my son crashes Anyone can have a crash whether they are 17 or 47.

Im stepping in right here.

It will effect everyone on that policy and also every policy of the drivers on the policy.

E.g if he is a named driver on your policy and causes an accident you will.lose your NCB on all policies and have to disclose that information.

Also if the claim is still open on any policy when renewal comes in you cannot change companies unless you can get a company to agree to it but most likely most will not.

If you crash you might have your ncb protection to help you but if your son crashes then he will not earn any named driving experience for that year and will lose all previous years as a named driver. And it still counts as an accident on all your future policies

goz83

The average motorist doesn't know how their policy works, especially when it comes to earning and protecting NCB. So, i'll just put it out there and say that protecting your NCB does not stop ones premium from rocketing in the event of a claim being made against that policy. It just gives the percentage discount off the base premium.

So, for example; if your base premium is €2,000 and you have a 50% ncb (5 years). Assuming no extra discount is applied, you pay €1,000. If you then have an accident, causing €20,000 of property damage and injure 6 people seriously, your protected no claims won't stop your base premium from rising to €10,000+. That leaves you with a premium of €5,000 on that example.

djimi

Kopparberg Strawberry and Lime wrote: »

Also if the claim is still open on any policy when renewal comes in you cannot change companies unless you can get a company to agree to it but most likely most will not.

Even after the claim is closed, your options for moving insurer are going to be restricted for the next three years or so. They dont like taking on business that has had a recent claim...

Sam Kade

Reading some comments on here would put off the most seasoned driver. Anyway I got a quote today for a second car with no ncb I would be the only driver €390