Been gathering quotes for when i get my car, just a few things confusing me..

Firstly, I've heard some people talking about getting a policy, and having a parent as a named driver.. is this right or should i be a named driver on my parents policy?

Also.. does it make any difference to the price if my parent is the registered owner / keeper?

My plan was for me to buy and register the car, so its all mine. Then get my dad to insure it with me as a names driver..

But I've heard of insurance companies disputing this and cancelling policies..

Anyone advise me on the best order to do things?

Cheers..

your best bet would be to go as a named driver with your father as the policy holder and registered owner of the car. this way you will save a massive amount of money.

dont think its possible for you to be the owner of the car and your dad have the policy in his name

imo, in the long run its better for you to be the main driver and have your dad as a named driver so you still get ncb. Unless your with a company that also gives ncb to the named drivers of cars.

I've searched around alot and this is killing me

My dad lost his no claims so having a policy with him is even more expensive, and I've got 6 points..

Cheapest i can find is like £2000..

Right....

Insurance companies are aware that parents put their kids on as named drivers when it is in fact the kid who is the main driver of the car. If you have an accident and they find out you are the main driver of the car they could refuse to pay out. Also if you start to tinker with the car with lowering, Alloys, air filter, etc and tell them they might not insure the car and if they do it just indicates even more that you are the main driver.

Also it could be the case that this could be a second car for the parents so any no-claims bonus earned on the 1st car doesn't automatically mirror onto the second car. If you insure it with the same company as the first then they might do it but if its a different company I have rarely (if ever) seen it.

I've never know the register owner of the car making a difference on price but perhaps someone in insurance could comment.

You can be the named owner and have you dad insure (and you as a named driver) but just think what that says to your insurance company!!!!! (I am insuring this car for my son who is the main driver)

Yes it is cheaper to be a named driver on your parents policy in the short term but in the long term you are just delaying the process of getting your own no-claims and bringing down the cost of your own insurance. The named drivers that get No-Claims policy's seem a good idea but they are only transferable if you stay with that company when you take on your own policy. Very few, if any, other companies will honour any no claims bonus earned this way. Again short term benefits, yes, but in the long term it prob won't help. These are also only really designed (in my opinion) when a parent and child are only using one car. i.e. Parent uses the car mainly an lets the kids borrow it rather that use it as their own.

In my experience the best way to do it is to have your own policy with a parent/older person/wife as a named driver. This seems to bring the cost down a bit as also can be very useful.

Obviously all of this is my own opinion and experience :)

Mark

Edited 5 December, 200718 yr by max_crox

completely agree with Mark

Edited 6 December, 200718 yr by AMD_Man

It's possible and perfectly legal to be a named driver on a policy, but still be the main driver. My mum is the main driver on one of our Discoverys, but it's in my dad's name...

Edited 6 December, 200718 yr by tobyk

It's possible and perfectly legal to be a named driver on a policy, but still be the main driver. My mum is the main driver on one of our Discoverys, but it's in my dad's name...

Yes it is legal but most insurance companies will find this rather questionable and could cancel/invalidate the insurance. Unless you has specifically declare this is happening to them and they agree that it is ok. Which I assume has been done in this case or is a special or specified in the policy.

I would say in your situation I would think the insurance company are less likely to worry about having 2 low risk drivers on the policy like you parents where the main driver is the named driver than have a high risk teenager as a named and main driver.

Mark

That's the only point I wanted to make, I may have sounded a bit rude.

I agree with everything else you say though!

It is rare to find an insurer who will insure a named driver as the main driver. Especially if they are young.