how to insure two cars

anamcarame · 05-06-2011 08:51PM #1

I have a current insurance policy with a NCB. I have just bought a second car. I intend to keep this for the summer and possibly sell it on later. Therefore I do not intend to sell my other car. I have transferred my insurance twice to the new car just for a few days at a time but when I went to transfer it again the other day I was told I could not. And if I were to do a full permanent transfer and then at the end of the summer transfer back to my other car the chances are that I would be penalised. Is there any way I can have the two cars insured? AS naturally I wont be driving both cars at the same time I can leave one with just 3rd party fire and theft insurance.

Could i get my OH to insure my second car with me as a named driver and then just cancel the policy when i sell it on later?

fm · 05-06-2011 08:55PM

your oh would have to own the car if thet were to insure it

Spipov · 05-06-2011 09:11PM

Axa plain refused to let me have a second car. They said it needed to be on my OH's name then. Did not say who needed to own it as i didnt ask

E39MSport · 05-06-2011 09:32PM

What's the second car?

You may have options with classic insurance policies. I have my 8er and LS400 insured as classics tagged on to 2 standard policies.

You could also think of taking out a second straight policy. Companoe slike insure.ie will offer a mirrored policay whereby after 1 year of pain you will have a second full NCB as per your first car/policy. A good way of achieving this is to insure a banger for the year then move up.

Jesus Shaves · 05-06-2011 10:44PM

fm wrote: »

your oh would have to own the car if thet were to insure it

not true at all

you can get your OH to insure it and take out a policy with open driving
Try naas insurance
should get a policy for around 300 quid as long as she has a no claims bonus

anamcarame · 06-06-2011 12:24AM

The second car is the same as mine other one more or less. 2 L turbo.

fm · 06-06-2011 12:49PM

darokane wrote: »

not true at all

you can get your OH to insure it and take out a policy with open driving
Try naas insurance
should get a policy for around 300 quid as long as she has a no claims bonus

the owner of the car has to be the policy holder,i know this as my wife was hit by a guy who was driving his own car but was insured on it as a named driver under his wife,the insurance company would not cover him

Jesus Shaves · 06-06-2011 12:53PM

fm wrote: »

the owner of the car has to be the policy holder,i know this as my wife was hit by a guy who was driving his own car but was insured on it as a named driver under his wife,the insurance company would not cover him

ahhhh i understand what you mean, you can still get insurance though, you just wouldnt be covered in an accident

CiniO · 06-06-2011 06:05PM

fm wrote: »

the owner of the car has to be the policy holder,i know this as my wife was hit by a guy who was driving his own car but was insured on it as a named driver under his wife,the insurance company would not cover him

Nonsense.
Probably one of the terms and conditions of the policy was that the car has to be registered in the name of policy holder.

Certainly not every insurance company has such requirement.

OldmanMondeo · 06-06-2011 06:33PM

Take out a second policy, but you can not use your no claims bonus again, or take out a garage policy, might work out as cheap. I know someone who done this to cover his van to get to work and his Impreza.

CoDy1 · 06-06-2011 06:47PM

CiniO wrote: »

Certainly not every insurance company has such requirement.

Yes they do. Its a basic principle of insurance. The name on the log book has to be the same name on the insurance policy as you can't insure something you don't legally own.

CiniO · 06-06-2011 07:15PM

CoDy1 wrote: »

Yes they do. Its a basic principle of insurance. The name on the log book has to be the same name on the insurance policy as you can't insure something you don't legally own.

Link: http://www.aviva.ie/online/driving/car-insurance/assumptions-data-protection/#assumptions

Your car

Is valued at less than €75,000

Is used only for domestic, social and pleasure purposes (including commuting to and from work)

Is owned and mainly driven by you or your spouse/partner

Is registered in you or your spouse/partner’s name

Is normally parked at your home address

Is not a car vanette, kit car, sports car, convertible, GTI, VTEC or high performance vehicle

Is not converted, adapted or modified in any way

Is in line with our engine size limits

As you can see, with Aviva car can be reigstered on both insured person or his/her spouse/partner.

E39MSport · 06-06-2011 08:33PM

CiniO wrote: »

Link: http://www.aviva.ie/online/driving/car-insurance/assumptions-data-protection/#assumptions

As you can see, with Aviva car can be reigstered on both insured person or his/her spouse/partner.

I think you're misinterpreting that. The point above sayd 'owned and mainly driven' by you or spouse. That to me means that whoever owns it has to be the main driver. I reckon that the registration point means that as well as 'owning' the car, the same name must be on the registration cert.

CoDy1 · 06-06-2011 08:58PM

OP, go onto www.setantainsurance.com and find a broker near you. Setanta mirror existing full bonus's so you should get a decent premium similar to your current policy.

E39MSport · 06-06-2011 09:02PM

+1 or insure.ie

Jack_Elle · 10-06-2011 02:51PM

fm wrote: »

the owner of the car has to be the policy holder,i know this as my wife was hit by a guy who was driving his own car but was insured on it as a named driver under his wife,the insurance company would not cover him

Thats not correct at all. I work in the insurance industry and legally a legal spouse (must be married) sister / mother / father / can be the owner but not the Policyholder.

As in this case he was named as a named driver - cover should have been provided.

Jack_Elle · 10-06-2011 02:55PM

CoDy1 wrote: »

Yes they do. Its a basic principle of insurance. The name on the log book has to be the same name on the insurance policy as you can't insure something you don't legally own.

Not correct.

If you were to insure a vehicle that was in your spouses name and the policy was in your name with your spouse as a named driver - this is ok as legally you both have an insurable interest in this vehicle.

Insurable interest comes into place only when the vehicle is not in the name of the policyholder or any named driver on cover at the time of an inicident. Like if you bought a veh and never changed over ownership then the policy is void and theres no legal cover in place. Its also not the insurance companys obligation to inform customers of this when taking out insurance.

Jack_Elle · 10-06-2011 02:58PM

anamcarame wrote: »

I have a current insurance policy with a NCB. I have just bought a second car. I intend to keep this for the summer and possibly sell it on later. Therefore I do not intend to sell my other car. I have transferred my insurance twice to the new car just for a few days at a time but when I went to transfer it again the other day I was told I could not. And if I were to do a full permanent transfer and then at the end of the summer transfer back to my other car the chances are that I would be penalised. Is there any way I can have the two cars insured? AS naturally I wont be driving both cars at the same time I can leave one with just 3rd party fire and theft insurance.

Could i get my OH to insure my second car with me as a named driver and then just cancel the policy when i sell it on later?

But in relation to the actual query - No, most insurance companies wont allow you to insure two vehicles at the same time unless its a multiple vehicle policy (for a household) but this isnt readily available in IRL. You're
best bet would be to contact a broker - insure.ie are very good and see if they can track anything down for you.
If you are going to be regularly driving both vehicles then more then likely you will just have to set up a new policy for this vehicle on its own.

CiniO · 10-06-2011 02:59PM

Jack_Elle wrote: »

Thats not correct at all. I work in the insurance industry and legally a legal spouse (must be married) sister / mother / father / can be the owner but not the Policyholder.

It doesn't make too much sense what you've written.

If a spouse/sister/mother/father is the owner of the car, he/she can as well be the policy holder.

dudara · 10-06-2011 03:01PM

Your best bet is to contact a specialist broker (like insure.ie or others mentioned). They can tell you what your options are.

Jack_Elle · 10-06-2011 03:14PM

CiniO wrote: »

It doesn't make too much sense what you've written.

If a spouse/sister/mother/father is the owner of the car, he/she can as well be the policy holder.

What i mean is if you have a vehicle thats insured by a brother but is owned by the sister and is registered in the sisters name and theres an accident and the vehicle is beyond repair then the brother can claim for the loss because they have a known legal relationship to each other and so both have insurable interest in the vehicle.

Same applies for wives/husbands

It could be said that the husband would put the insurance policy in the wifes name as women get cheaper premiums so then its a fronted policy but 9 times out of 10 insurance companies wont decline cases were the proposer of the policy advises at inception that they are not the legal owner - in that case the agent would ask who owns it - and if the customer advises mother / father / sister / brother / husband or wife then cover will still be put in place.

CiniO · 10-06-2011 03:27PM

Jack_Elle wrote: »

What i mean is if you have a vehicle thats insured by a brother but is owned by the sister and is registered in the sisters name and theres an accident and the vehicle is beyond repair then the brother can claim for the loss because they have a known legal relationship to each other and so both have insurable interest in the vehicle.

Same applies for wives/husbands

It could be said that the husband would put the insurance policy in the wifes name as women get cheaper premiums so then its a fronted policy but 9 times out of 10 insurance companies wont decline cases were the proposer of the policy advises at inception that they are not the legal owner - in that case the agent would ask who owns it - and if the customer advises mother / father / sister / brother / husband or wife then cover will still be put in place.

That makes sense now to me.

Could you comment on my case though...
My and my wife have two vehicles.

1. Family size car which is registered in my name, and insured with policy under my name with my wife as a named driver.

2. Small, bit modified 3 door hatchback which is registered in my wife's name and insured with policy in her name with me added as names driver.

Now - on both policies there was assumption that the insured person is the main driver.

Which in my case is not such straight forward.
Small car is used mostly for going to work by both of us.
Family car is used for going shopping, going on weekend trips, holidays, etc...

I drive probably both cars evenly, doing about 15k kms on each of them every year.
My wife probably drives more of the family car (which is registered and insured in my name) by doing about 10k kms in family one, and about 5k on small one.

Is this allright, or should the insurance setup be different?

Jesus Shaves · 10-06-2011 03:55PM

CoDy1 wrote: »

OP, go onto www.setantainsurance.com and find a broker near you. Setanta mirror existing full bonus's so you should get a decent premium similar to your current policy.

+1, i'm with setanta years now

Bubblegum18 · 07-04-2012 02:13PM

My neighbor is 51 and is with AXA he has his no claims bonus ,he currently is insured with a 1.3 car and wants to insure a 1 litre VW polo for using on the farm and have his daughter(19) on the insurance but not as the MAIN driver just a named driver, so she can learn to dive.
Is this possible??

mathepac · 07-04-2012 03:01PM

I've had multiple private vehicles insured concurrently in my own name for years, some with open drive, some with named drivers, some restricted to me. The companies were Traveller through a broker, Hibernian (before they became Aviva), a crowd called Prestige Performance (a Traveller product IIRC). All had comprehensive insurance, some had Class 1 business travel (to allow me to claim mileage and use the cars for business travel). The most I've ever paid was for an Impreza Sti (new Irish original car) with Class 1 on it and it cost 1,500

I've never been questioned about my need to have more than one car at a time and only ever had a problem with Hibernian when Subaru changed the "Turbo 2000" name to WRX - Hibernian the idiots said it was an import and refused to insure me - it wasn't an import it was a brand new Irish car just out of the stealers.

If some of those call-centre heads knew a bit about cars or insurance they might actually be useful. "Mr. Computer he say 'no' "(Sorry OT, but you get my point).

Bubblegum18 · 07-04-2012 03:09PM

This mans daughter wants to pay for the policy on the internet "AXA.ie", I read through it it seemed to be ok but her dad is afraid he will loose his policy on his 1.3 as it didnt ask any questions about him insuring his own car.

galvo_clare · 07-04-2012 06:54PM

CoDy1 wrote: »

Yes they do. Its a basic principle of insurance. The name on the log book has to be the same name on the insurance policy as you can't insure something you don't legally own.

Don't think that's right. In '06 I changed my car and my wife took my old car. There was a bit of a query alright, but once I confirmed that we were married, the insurance company had no problem for my wife to insure it under her name while the car remained in my name.
Didn't want to transfer ownership as it would put another owner on the history. Seeing as the car is 10 years old now, I don't suppose that matters any more.

how to insure two cars

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