Car insurance query - please can anyone help?

[eleflump]

Hi - we are going to transfer my car to my DS.

He will be the registered owner and keeper and have his own insurance.

I am currently the registered owner and keeper and am insured with a different company to the one he will be insured with.

His insurance company say that he has to be the registered owner and keeper on the day his policy starts at one minute past midnight.

My insurance company say I have to be the registered owner and keeper until my current policy ends at midnight.

The DVLA online registered keeper transfer service is only operational between 7am and 7pm and so this seems impossible to manage.

I've spoken to both companies and the DVLA and none of them have any suggestions as to what to do.

Has anyone been in this situation before?

The insurance companies are making it needlessly complicated.
If a stranger was buying your car, the buyer would put in place an insurance policy so they could drive the car away.
It may mean that car is dual insured for a period of time but so what.

I would ignore the bollocks about midnight and would treat this as a normal private sale. Your son starts an insurance policy in his own name. (He can request cover from 'now') You fill in the V5 slip /or use the online service and then cancel your insurance. Job done.

Most insurance companies do not require you to be registered keeper or owner. Try a different company or a broker

In the same way as if you were selling your car in Friday, you'd insure it until Friday and the buyer would insure it from Friday, so there'd be a day's overlap.

Also it does not matter if your insurance policies overlap by a day

Does a day of cross over matter?

If in doubt don't drive it for a few hours, if you think it might be a bit in limbo.

Just overlap the insurance policies

Exactly: I don’t think I’ve ever been asked?!

Both insurance companies are stating that the policy holder needs to be the registered owner and keeper - they are both mainstream companies so it seems like it must be pretty standard.

Neither company could offer any advice other than both policies need to have the policyholder as the registered owner and keeper.

It just seems bizarre that there isn't a process to cover this as it's surely a scenario that is likely to happen fairly often.

He just starts the policy the day before yours ends?

I’m buying insurance now. Will start it tomorrow but I’m not getting the car until the evening so it will be dual insured tomorrow. My insurance will kick in once I get the log

What the companies OP? That sounds unnecessarily complicated. Try Admiral or LV. Neither of those require the policy holder to also be the keeper/owner of the car.

I've honestly never heard of this in my life. Get him to move to a different insurer, or add your name to his policy as an additional driver.

I lease my vehicle so I’m not the owner! I don’t have the V5. You can insure in advance as I had to show my insurance a week before delivery of my lease vehicle that it would start on the day we took delivery.

just don’t drive it on the day of the swap in case it pings ANPR on a police car as uninsured.

Just have a day where you don’t drive. Keep it off road if you can. No risk you’ll need to claim then.

Thanks everyone - seems as though the way forward is to transfer ownership to DS the day before his policy starts at midnight and for the car to stay on the drive once it's been transferred.

Just my menopausal anxiety kicking in about accidentally doing the wrong thing I think!

I’m not sure that the way forward- that leaves the car uninsured for a while. Even on the drive it can get pinched or driven into.

Would be much better to have an overlap.

I am the registered keeper of my sons car as it was over £300 cheaper than him owning it. He has his own insurance policy in the car.

There’s no such thing as a registered owner anyway. As others suggested just make them overlap by a day.

Being the registered keeper has nothing to do with ownership though. If your insurer got shitty in the event of a claim they could ask for proof that you own it in the form of an invoice etc.

I bought him the car so the proof is the bank transfer from my account.

Yeah, that’s exactly the kind of proof you need.

This. That’s very odd of them and far from standard practice. I have never been asked in many years of taking out car insurance who the registered keeper is, The only thing insurance companies usually want to know is who is the main driver. Who the registered keeper is irrelevant. Being the registered keeper also doesn’t even mean you own the vehicle so that makes no sense either. Are you sure you haven’t misunderstood and that the people you have spoken to have given you the correct information?

Well it isn’t standard practice but the policyholder doesn’t have to be the main driver anyway.

My DH is always the policyholder on our insurance and we’ve flipped and changed the main driver over the years with numerous companies as one or other us has become the main driver. So if the company are weirdly insisting on this, you could just be the policyholder on the new insurance but list your DS as the main driver.

I would also be asking them to direct you to or send you the section of their insurance terms and conditions that states that the policyholder has to be the registered keeper. I’ve just double checked my last two (with two different mainstream providers) and neither says this.