Car insurance- can we do this?

[Yorkiegirl]

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can't you just transfer the insrance on your car into his name? I don't think you can have 2 policies on one car (but not totally sure)

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yes, that's true. I just don't think you can have 2 policies on one car.

No, you can't, YG - I asked about doing this when we were talking about insuring my car for the DDs to drive (which they never did but that's another story...!) - I wondered if we could have fully comp for us with one company and 3rd party for them with another and was firmly told no!

Do you have any no claims yourself?

I work in insurance and you can't do this YG. One of the most fundamental rules in insurance is that you must be the owner of the vehicle. Most Insurance companies allow you to keep your bonus for 2 years before you have to start from scratch again. He wont be able to insure your car because he dosn't own it.

I've insured a car that I didn't own. I just declared it when they asked if I was the owner of the vehicle- I said it was my dad's but that I was the main driver. don't know about having 2 insurances on one car though but Do you know someone with a crockety old car that's in a field or something that you can insure just to keep the policy going.

xmascracker, I know you work in insurance but our car is in dh's name and our insurance is in mine with him as other named driver. It's always been that way with a number of different companies, so YG could transfer the insurance to his name if that made sense, but not have 2 policies on the same car.
I'd just keep a copy of his current schedule showing no claims and show it to the insurer if/when he needs another car.

I was going to say the same cracker, presumably YG's DH owns the car too! I think it's more that you jsut can't have 2 policies on one car

You must gain by its existence and suffer by its loss. I know your DH would suffer by its loss YG but as he dosn't own it is looked on as he having no insurable interest.

Xmascracker, doesn't insurable interest exist in a husband-wife relationship?

Sorry xmascracker, that doesn't sound right at all. Our main car is in DHs name and insured in mine and I declared this.

YG, what you can do is insure it in your name one year and in your DHs the next and alternate between the two.

Agree Soup but the fundamental question that YG asks is can her husband take out a second policy on the car and the plain answer is no.

Er... yes, I know, I was offering an alternative...?

Sorry Soupdragon for some reason only the first line of your post appeared. Its only now I see teh second.

I haven't read the thread, so apologies if I'm repeating, but this is what dh and I have done (on the insurance company's advice).

I have always been the car-owner and insurer, although dh has at times had a company car. I have maximum NCD, but dh of course has none. So last year we inusred the car in my name, as usual, with dh as a named driver, but this year we insured it in his name with me as a named driver. Because of some way in which the insurers consider married couples, dh gets the benefit of my NCD. Once you have a full NCD you can carry it forwards for one un-insured year, so each year we will swop over on the car's insurance, and that way we will both have a maximum NCD without dh having to build one up or pay for an additional policy. It does mean that we loose out on the renewal discount because each year we effectively take out a new policy, but that's peanuts compared to what it would cost to insure dh separately.

HTH

Yes its not just the car that's being insured its the drivers too so you don't have to own the car to be insured to drive it.

Yorkiegirl how did you get on with this. Interested to know.

Yorkiegirls - We own one family car and my dh drives a taxi. We insure under his name for 2 years with me as a named driver then swap over as me as the main driver and him as the named driver every 2 years - this ensures we both retain out full NCD that we built up ourselves before we had a 'joint' car. If we purchase another car in the future, whoever gets insured on it will then always have proof of NCD that's less than 3 years old.

Not sure about Xmascrackers comment as this is the way we have always done it and the Insurance Company are fully aware of how and why we do it...?

Yorkiegirl I see you are around. Did you investigate any further. Think what JPM does is a good idea but would like to know how you got on vis a vis the ownership part. Thanks

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Up until 2 years ago, I insured myself as the Main Driver with DH as a "named driver" on our People Carrier - but neither of us were the owners as we were leasing it through a Contract company. Insurers were well-aware of this and it never caused any problems.

No you should only have one policy on the car. If there is dual insurance then, in the event of a claim, the two insurers would simply share the claim and you would lose the no claims on both policies. Most insurers will accept your No Claims for up to 3 years after you last used it (providing you haven't had an accident in the meantime). I would use your no claims for 2 years then change over to your husband's for 2 years and so on. This is Ok as you are husband and wife and can both be owners of the car no matter which of you is named on the log book.