Insurance Renewal
04-11-2002, 02:51 AM
#1
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Insurance Renewal
It's that time of year again when I give myself a coronary by phoning around for insurance quotes.
I had always appreciated that having an 'additional driver' on your policy could actually lower your premiums (as long as that driver is not male, 21, and has 0 no claims bonus!).
It suddenly occured to me to try my quote with my Dad as an additional driver. It's not relevant that he doesn't live at the same address and is highly unlikely to drive the car (I think that would scare him senseless!). All that matters is that he has 5 yrs no claims, is 50 something, and is deemed safer than having a head on crash in a Volvo.
I'm currently insured with Elephant and my renewal gave me kittens, however after adding my good old Dad to the policy I have saved myself
I had always appreciated that having an 'additional driver' on your policy could actually lower your premiums (as long as that driver is not male, 21, and has 0 no claims bonus!).
It suddenly occured to me to try my quote with my Dad as an additional driver. It's not relevant that he doesn't live at the same address and is highly unlikely to drive the car (I think that would scare him senseless!). All that matters is that he has 5 yrs no claims, is 50 something, and is deemed safer than having a head on crash in a Volvo.
I'm currently insured with Elephant and my renewal gave me kittens, however after adding my good old Dad to the policy I have saved myself
04-11-2002, 03:00 AM
#3
Hi LB,
I have posted in the past on this seemingly bizzare situation, and whilst not an expert in this feild by any means, I really cannot see why there is any legal reason not to do this.
In your position, you are choosing to insure your Dad on your car. The car is being declared as yours, you are the main driver, your Dad is covered as a named driver ('just incase' a situation occurs where you need him to drive the vehicle - unexpected illness, drunkeness etc!!!). Perfectly reasonable There is nothing to say named drivers have to drive the car, if the insurer chooses to down the premium, so be it.
I may be being incredibly stupid here, but it seems fine and above board to me
Ian
I have posted in the past on this seemingly bizzare situation, and whilst not an expert in this feild by any means, I really cannot see why there is any legal reason not to do this.
In your position, you are choosing to insure your Dad on your car. The car is being declared as yours, you are the main driver, your Dad is covered as a named driver ('just incase' a situation occurs where you need him to drive the vehicle - unexpected illness, drunkeness etc!!!). Perfectly reasonable There is nothing to say named drivers have to drive the car, if the insurer chooses to down the premium, so be it.
I may be being incredibly stupid here, but it seems fine and above board to me
Ian
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04-11-2002, 03:14 AM
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yeah, this way Lisa's dad could drive every s2000 on the board....
Anyway just done a similar thing and got a quote for my stepdad to drive my car....
And it just dropped 100 pounds.....down to 935 with protected no claims....
Nice,
Lisa, I owe you a beer!
M.
Anyway just done a similar thing and got a quote for my stepdad to drive my car....
And it just dropped 100 pounds.....down to 935 with protected no claims....
Nice,
Lisa, I owe you a beer!
M.
04-11-2002, 03:17 AM
#6
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I would think it's O.K. Just one point ; bear in mind the declaration you have to sign at the bottom of your renewal notice. It's actually serious stuff. If you're putting him on there as a named driver knowing that he's never going to drive it and no intention of him driving it.... you get my point.
I know it's a fine point but it might be better if your Dad gives you a lift around the block occassionally.
I know it's a fine point but it might be better if your Dad gives you a lift around the block occassionally.
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04-11-2002, 03:30 AM
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Originally posted by Cedric Tomkinson
Your Dad would probably end up buying a TVR and growing a ponytail.
Your Dad would probably end up buying a TVR and growing a ponytail.
I persuaded him to have my T reg Fiesta (1.25) when I sold it. He phoned me up a couple of days later and said there was something wrong with the car - naturally I panic a bit. He goes on to say it's the accelerator - it goes too fast!
So TVR? I don't think so! Although if he ever I did I would insist that I was on his policy
LB