Daughter's car insurance

Millomboy

Suzuka

Joined

10 Dec 2012

Messages

1,097

• 24 May 2013

• #1

My first born is currently on a gap year. In her absence the wife and I have been using her car now and again to keep it ticking over with a view to things not seizing. Insurance is due at start of next month. Thought it might be simple and cheaper to insure the car in my name, then transfer when she gets back, for the three weeks she will be home before going off to university. My insurer and local broker say this is not possible, Insurance has to be done by my daughter. Daughter's name is on the license document. Anyone come across this before? :dont know:

 

P

PeterS

Fuji

Joined

1 Nov 2009

Messages

9,296

• 24 May 2013

• #2

You have to have an "Insurance interest".

If you own the car then you do.

 

Millomboy

Suzuka

Joined

10 Dec 2012

Messages

1,097

• 24 May 2013

• #3

I bought the car for her and did note that the registration form says it does not represent title, just who the registered keeper is (or words to that effect). I will try again then with that in mind. Cheers Peter.

 

Porsche News

Moderator

Joined

8 Feb 2008

Messages

7,361

• 24 May 2013

• #4

Millomboy said:

My first born is currently on a gap year. In her absence the wife and I have been using her car now and again to keep it ticking over with a view to things not seizing. Insurance is due at start of next month. Thought it might be simple and cheaper to insure the car in my name, then transfer when she gets back, for the three weeks she will be home before going off to university. My insurer and local broker say this is not possible, Insurance has to be done by my daughter. Daughter's name is on the license document. Anyone come across this before? :dont know:

Click to expand...

Try another broker for a better deal

911uk recommended Insurance

http://911uk.com/template.php?page=1

 

Millomboy

Suzuka

Joined

10 Dec 2012

Messages

1,097

• 24 May 2013

• #5

Will do.

 

D

Disco

Portimao

Joined

13 May 2008

Messages

4,121

• 24 May 2013

• #6

Cheapest solution would be for you to become the registered keeper of the car (mainstream insurers typically want the keeper or their spouse). However - to some extent it might be better in the medium term to keep it with the urchin and have you as named drivers. More money, but she will need to spend that regardless to build a no claims. Are you talking just the gap year or longer?

I'd say the thing to do is to run lots of possible scenarios with the meerkats or fat opera bloke and work out what is worth doing from the resultant numbers.

 

Millomboy

Suzuka

Joined

10 Dec 2012

Messages

1,097

• 24 May 2013

• #7

I will sort it somehow. Thanks.

 

Millomboy

Suzuka

Joined

10 Dec 2012

Messages

1,097

• 25 May 2013

• #8

All sorted through Bridle. Thanks for your help and suggestions. :thumbs: