Two cars one insurance policy possible

CIP4

Firstly this is a hypothetical situation I don't have two cars. I'm not trying to break the law or do anything frowned upon that's why I'm trying to find out what's the situation with this.

But let's say I bought a sporty car that I only planned on using sub 3 months of the year and for only a week or two at a time. Then just had my main car.

What are my options in this situation. In other words is there a way of doing it other than taking out two full insurance policy's which would probably come to ~4-5k euro a year combined.

A though that comes to mind is temporary transfer. First of all can you temporary transfer insurance onto another car you own or is it only ones you don't own ?

If you can in my case it's upto 2 weeks at a time and a €31 euro charge for administration. But if there is a big risk difference between the cars ie the temporary one being riskier will the charge more than €31 or does that mater for temporary transfer ? If let's say I done this for 2 weeks in May 2 weeks in July 1 weeks in August would the insurance company care or am I breaking some kind of a rule or doing something that's frowned upon ? Or do they care how many times you transfer as long as you pay €31 each time.

I want to be by the book but ideally don't want to pay a full policy of probably around 2.5k for a car I drive 2 months of the year. However if that's the only way it can be done fair enough. I'm just looking for info really. Thanks.

colm_mcm

You could always get the second policy, pay monthly then cancel the policy after 3 months.
Leaving your Megane uninsured would be a little risky too.
Classic car policy would be the job if you're old enough.

CIP4

colm_mcm wrote: »

You could always get the second policy, pay monthly then cancel the policy after 3 months.
Leaving your Megane uninsured would be a little risky too.
Classic car policy would be the job if you're old enough.

I suppose cancelling the policy could work but you wouldn't get much back. I wouldn't care about the Megane being uninsured tbh it would be parked on secure enough private property but even still if it gets robbed I'd just deal with that and take the hit on it.

I'm 21 and the second car would only be around 9 years old so I assume vintage wouldn't work.

colm_mcm

I did pay monthly with mine this year, 2 months up front then 10 months after that, don't think you'd really lose out too much TBH.

Helpneeded86

If the sporty car was in a parents name you could drive it without an insurance. I think most policies cover you to drive any car once you are not the owner. This would mean it would not be fully comp.

Liam McPoyle

Helpneeded86 wrote: »

If the sporty car was in a parents name you could drive it without an insurance. I think most policies cover you to drive any car once you are not the owner. This would mean it would not be fully comp.

Incorrect.

Most insurance companies exclude driving other cars for drivers under 25.

Also the fact that what you are suggesting is fraud and insurance companies are well wise to it.

Op, you cannot (legitimately) transfer your insurance temporarily onto a car you own. Temp transfers specifically excludes vehicles owned by the policy holder.

In any case insurance companies are not stupid and will they are under no obligation to temporarily transfer insurance onto a car that may be uninsurable based on the driver profile.

CIP4

Saul T Nutzz wrote: »

Incorrect.

Most insurance companies exclude driving other cars for drivers under 21.

Also the fact that what you are suggesting is fraud and insurance companies are well wise to it.

Op, you cannot (legitimately) transfer your insurance temporarily onto a car you own. Temp transfers specifically excludes vehicles owned by the policy holder.

In any case insurance companies are not stupid and will they are under no obligation to temporarily transfer insurance onto a car that may be uninsurable based on the driver profile.

Perfect thanks I had a feeling I couldn't do a temp transfer onto a car I own but wanted to check. I actually have third party extension but I wouldn't be going that road anyway hence why I didn't even mention it. As I said I don't want to commit fraud or anything I want it to be legit.

Looks like a 2nd policy would be the only way to go so. Do many insurance companies mirror no claims or are most 2nd policies with 0 ncb ?

Liam McPoyle

CIP4 wrote: »

Perfect thanks I had a feeling I couldn't do a temp transfer onto a car I own but wanted to check. I actually have third party extension but I wouldn't be going that road anyway hence why I didn't even mention it. As I said I don't want to commit fraud or anything I want it to be legit.

Looks like a 2nd policy would be the only way to go so. Do many insurance companies mirror no claims or are most 2nd policies with 0 ncb ?

I know Chartis used to do it but I don't know if they are still writing policies in Ireland. Tbh your age is going to be a stumbling block, generally mirroring a bonus would be reserved for a husband and wife scenario or if someone had a car and was a self employed trades person and needed a second vehicle for work.

Best bet is to call a couple of the larger brokers like Chill and see if they can help you out.

CiniO

CIP4 wrote: »

Perfect thanks I had a feeling I couldn't do a temp transfer onto a car I own but wanted to check. I actually have third party extension but I wouldn't be going that road anyway hence why I didn't even mention it. As I said I don't want to commit fraud or anything I want it to be legit.

Looks like a 2nd policy would be the only way to go so. Do many insurance companies mirror no claims or are most 2nd policies with 0 ncb ?

Why not.

If you genuinely sell the other car to parent or friend, and then use it occassionally during the summer as you're planning, then where is the freud part?

If you police covers you to drive other vehicles you don't own, and vehicle you mentioned won't be owned by you, then all is good imo.

savagethegoat

Insure the sporty car and the Ins Co probably won't mind you swapping the cover to the daily now and again.

wonski

You can't insure car if it isn't yours, and you can't transfer the policy to your own car.

Go figure...

CIP4

Saul T Nutzz wrote: »

I know Chartis used to do it but I don't know if they are still writing policies in Ireland. Tbh your age is going to be a stumbling block, generally mirroring a bonus would be reserved for a husband and wife scenario or if someone had a car and was a self employed trades person and needed a second vehicle for work.

Best bet is to call a couple of the larger brokers like Chill and see if they can help you out.

I tried even to get a few quotes online and no matter what changed they wouldn't even quote for the car regardless of ncb or age it just says to contact them so seems it would be high risk the car itself even though it's not anything crazy but probably considered high risk. As you can imagine on a safe car I'm paying high enough insurance so it be rediculous on this by the looks of it. Does anywhere do low mileage policies ?

I recon my plan would be if I come accross what I want I'll buy it and store it for a bit over a year I'm almost 22 so I'd be 23 by insuring it so that would help a bit. At least I know the situation with the temp transfer anyway.

smash

Ireland desperately needs multi car insurance policies. It's bad enough that you can't use your no claims discount from your primary policy when taking out a 2nd one!

jimmycrackcorm

I insured a second car with AXA before and got a cheap price on the second. It was a durty daesul for a commute to keep my nice car for the weekends.

Was a few years ago so I don't know if the recent 50% rise in insurance prices would still allow for it.

Helpneeded86

Saul T Nutzz wrote: »

Incorrect.

Most insurance companies exclude driving other cars for drivers under 25.

Also the fact that what you are suggesting is fraud and insurance companies are well wise to it.

Op, you cannot (legitimately) transfer your insurance temporarily onto a car you own. Temp transfers specifically excludes vehicles owned by the policy holder.

In any case insurance companies are not stupid and will they are under no obligation to temporarily transfer insurance onto a car that may be uninsurable based on the driver profile.

AXA dont exclude U25 or even require a full license.

We have a few cars around at home. Does it not make most sense to insure them in the most financially friendly manner?

Define the fraud committed here?

jimgoose

smash wrote: »

Ireland desperately needs multi car insurance policies. It's bad enough that you can't use your no claims discount from your primary policy when taking out a 2nd one!

I find that absolutely outrageous. Preposterous. How many of the fcukan things do they imagine you're going to drive at the same time? NCB follows the driver, not the car, when you change the car. It should be exactly the same when you hop into a different one that you also own. Instead we get some 23-year-old Dympna Ni Leaving-Cert telling us what we can and can't drive. Grrrrr!!! Land of Gowls and Robbers...

Supergurrier

smash wrote: »

Ireland desperately needs multi car insurance policies. It's bad enough that you can't use your no claims discount from your primary policy when taking out a 2nd one!

It makes no sense, i am an experienced driver in one car but if i want a second insured i become a liability who has no driving experience, makes total sense...

CIP4

jimgoose wrote: »

I find that absolutely outrageous. Preposterous. How many of the fcukan things do they imagine you're going to drive at the same time? NCB follows the driver, not the car, when you change the car. It should be exactly the same when you hop into a different one that you also own. Instead we get some 23-year-old Dympna Ni Leaving-Cert telling us what we can and can't drive. Grrrrr!!! Land of Gowls and Robbers...

Supergurrier wrote: »

It makes no sense, i am an experienced driver in one car but if i want a second insured i become a liability who has no driving experience, makes total sense...

The whole system is a load of crap tbh I'm willing to pay a fair amount to have a second car insured but with no mirrored ncb,21 and a 'high risk car' I'm looking at 5k euro for insurance I couldn't justify that for a car I only want to drive a few times a month.

Liam McPoyle

Helpneeded86 wrote: »

AXA dont exclude U25 or even require a full license.

We have a few cars around at home. Does it not make most sense to insure them in the most financially friendly manner?

Define the fraud committed here?

I was talking about the driving of other cars extension.

That means that I have a motor policy in my own name and I drive a car not belonging to me using my own insurance.

Most insurers exclude DoC for drivers under 25 and / or provisional licence holders.

If insuring the cars in "the most financially friendly manner" constitutes fraudulent activity then no, it doesn't make sense.

I don't know what way your family policies are, they could be on an open drive basis or a named driver basis, neither of these are fraudulent however as I said, I don't know what way they are insured.

serious3

I've a multi bike policy on my motorcycles, the answer from the ins broker was "no botherlad, sure you can only ride one at a time!"

Bout fecking time the car ins robbers copped on.

jimgoose

serious3 wrote: »

I've a multi bike policy on my motorcycles, the answer from the ins broker was "no botherlad, sure you can only ride one at a time!"

Bout fecking time the car ins robbers copped on.

Yup, quite common on two wheels.

9935452

CIP4 wrote: »

The whole system is a load of crap tbh I'm willing to pay a fair amount to have a second car insured but with no mirrored ncb,21 and a 'high risk car' I'm looking at 5k euro for insurance I couldn't justify that for a car I only want to drive a few times a month.

Did you try to use your NCB on the sporty car and look for a new quote with no NCB on your current car , and see what they quote you ?

corsav6

I transferred insurance to another car that was in my own name with no hassle. I told them that my main car was going to be off the road for 3 weeks for some work and I needed to transfer to my old car temporarily, which still had 2 months tax and 3 months nct, just no insurance.
The old car was previously insured with them so I'm not sure if that makes a difference.

CIP4

9935452 wrote: »

Did you try to use your NCB on the sporty car and look for a new quote with no NCB on your current car , and see what they quote you ?

No I didn't but my own car policy was only renewed a week ago so I'm not going to cancel that and lose a fortune as it was big money with the way things are. If I could of insured the second car under some kind of a low mileage policy or weekend / multi car policy (I know now they don't exist) for 1k a year or so I would off but it's not really worth much more than that.

Tbh at the moment it's really not worth the hassle I'll drive on what I have and look at it again when I'm 23 or 24 hopefully by then things will be better. In the meantime If I do see something that fits the bill and I really like I'll buy it and park it up for a while but I'm not going searching as such.

goz83

If anything changes, it'll not be for our benefit. Insurance companies have no interest in serving you unless it serves them. I remember too hoping that reaching a certain age woukd make a difference, but it made no difference at all. Bunch of punks the lot of em

_Brian

Just a few points to note.

While some companies will transfer the insurance on a temp basis they will not repeatedly do it, once or twice and then you have to choose which car to permanently insure, I've seen this in action.
Also, some will only extend cover if the car already has a policy in place by its owner.