Car insurance question

OpenToSuggestions · 21 Oct 2011 at 20:38

Car is in Dad's name. Always has been and always will be, as putting it in my name means I have owned it for 0 years instead of 6 years and prevents adding another name to the log book.

Postal address is home. Overnight address is at University which I am at all year round now.

The postal (home) address does nothing for the insurance price, it goes entirely off the overnight postcode.

The question is: Does the address that the car is registered to have to be the same as the one that it is insured to? (i.e. the 'overnight' postcode).

bainbridge · 21 Oct 2011 at 20:44

No, but it'll become obvious in the event of a claim that you're getting Dad to front this policy, a perfect excuse for an Insurer to void a claim.

OpenToSuggestions · 21 Oct 2011 at 21:01

bainbridge said:
No, but it'll become obvious in the event of a claim that you're getting Dad to front this policy, a perfect excuse for an Insurer to void a claim.

I am the policy holder. He is a named driver, but owns the car.
This thread is not about fronting.

PMKeates · 21 Oct 2011 at 21:04

I would very much doubt it has to be the same - it would make no sense for it to.

bainbridge · 21 Oct 2011 at 21:06

mglover070588 said:
I am the policy holder. He is a named driver, but owns the car.
This thread is not about fronting.

Then your policy is invalid because you have no insurable interest in the vehicle.

shoes · 21 Oct 2011 at 21:38

bainbridge said:
Then your policy is invalid because you have no insurable interest in the vehicle.

Surely not, you can get 1 day insurance for test driving cars which will cover you, less excess of course, for all third party liability including the owner of the vehicle you are driving.

OpenToSuggestions · 21 Oct 2011 at 21:42

bainbridge said:
Then your policy is invalid because you have no insurable interest in the vehicle.

Admiral/Bell/Elephant ask for you to specify who is the main driver.
They then ask if you own it, to which if you don't, you specify who owns it.

The insurance question is not about fronting. Please answer the question I asked originally

.

bainbridge · 21 Oct 2011 at 21:46

shoes said:
Surely not, you can get 1 day insurance for test driving cars which will cover you, less excess of course, for all third party liability including the owner of the vehicle you are driving.

Short term/test driver cover is different. The OP's policy is invalid & he/she needs to ensure the owner on the V5 is that of the p/holder.

[TW]Fox · 21 Oct 2011 at 21:50

bainbridge said:
Then your policy is invalid because you have no insurable interest in the vehicle.

Absolute rubbish - he drives the vehicle therefore has an insurable interest in it.

Short term/test driver cover is different.

Provide details of the relevent section of the legislation which makes the disctinction between short term and full term cover.

The OP's policy is invalid & he/she needs to ensure the owner on the V5 is that of the p/holder

This is entirely down to the policy in question. Some require this, some do not and there is no way we can know which applies to him.

bainbridge · 21 Oct 2011 at 21:51

mglover070588 said:
The insurance question is not about fronting. Please answer the question I asked originally .

I answered it mglover, the postcode of where the car is mostly kept doesn't have to match the owners address.

Why don't you just get it all put in your name & be done with it? You might as well not bother with insurance at all as you won't be covered in the event of a claim.

Mackass · 21 Oct 2011 at 21:52

No it doesn't need to be the same, so long as you state where the car is kept overnight.

Meridian · 21 Oct 2011 at 21:57

Mackass said:
No it doesn't need to be the same, so long as you state where the car is kept overnight.

Exactly - one of the questions insurers ask you is if the vehicle will be kept at the same address as the owner's. But I would guess that answering "no" will boost premiums.

M

OpenToSuggestions · 21 Oct 2011 at 22:03

bainbridge said:
Why don't you just get it all put in your name & be done with it? You might as well not bother with insurance at all as you won't be covered in the event of a claim.

I am covered, the insurance is in MY NAME.

I keep it in his name as this way we have owned it 6 years.
Changing to my ownership adds £50 onto the insurance. Must be higher risk or something.

In both instances I am the policy holder. Parents are named drivers as it lowers the cost.

Hxc · 21 Oct 2011 at 22:06

bainbridge said:
I answered it mglover, the postcode of where the car is mostly kept doesn't have to match the owners address.

Why don't you just get it all put in your name & be done with it? You might as well not bother with insurance at all as you won't be covered in the event of a claim.

People really should not advise on insurance when they know nothing about it. What he is doing is completely and utterly valid.

sparkymark75 · 21 Oct 2011 at 22:26

Why don't you call your insurer and ask? Better to be safe than sorry, etc

Iamzod · 21 Oct 2011 at 22:37

Call your insurer and ask them, some will have an issue with it, some will not.

Absolute rubbish - he drives the vehicle therefore has an insurable interest in it.

Some underwriters would disagree with you on that one.

[TW]Fox · 21 Oct 2011 at 22:40

If you are driving the vehicle because you have borrowed it and therefore stand to make a loss should you crash it, not to mention have a legal requirement to have insurance against third party risks insured, I cannot see how it can be argued you do not have an insurable interest in the car!

OpenToSuggestions · 21 Oct 2011 at 22:45

mparter said:
Why don't you call your insurer and ask? Better to be safe than sorry, etc

I did. They let you do it with Admiral/Bell/Elephant.
It is a bit of a let down that this thread has gone this way.

There is nothing wrong with the way my vehicle is insured.

bainbridge · 21 Oct 2011 at 22:47

[TW]Fox;20367764 said:
If you are driving the vehicle because you have borrowed it and therefore stand to make a loss should you crash it

You would stand to lose nothing as you would be damaging something you didn't pay for.

pepp77 · 21 Oct 2011 at 22:51

Taken from Quinn Direct

Can I insure a car which isn’t registered in my name?

If the vehicle you want to insure is registered in a leased company name or your spouse, civil partner or parent’s name then you can still insure it with you as the policyholder. If you are declaring yourself as the policyholder then you must be the main driver of the vehicle.

You should state during the quotation stage that you are not the registered owner of the vehicle. You should also check your documents carefully when you receive them to ensure you are happy with all the information we hold.

If this or any information is not declared correctly it will affect your right to make a claim on the policy.

Taken from Elephant

Do I need to be the registered owner of the car to insure it?

Normally either the policyholder or their partner needs to be the registered owner of the car. We can sometimes insure personal lease cars.

Taken from Direct Line

To insure my car, do I need to be the registered owner?

No, you/your spouse or partner can be the registered owner and keeper of the vehicle.

From the above it would seem it varys for each company, so the only real way to know the answer is to ask your insurance company.

With regards the keeping it at a different address to where it is registered - I could find nothing concrete just a couple of yahoo answers of people saying they did it themselves, again best thing to do is ask your insurance company for clarification.