Ross C Posted October 6, 2012 Share Posted October 6, 2012 Guys, Since passing my driving test in 2008 I have always abused a loophole in my father's company insurance and been able to insure my cars as a company car with social use. Now, I do work part time for him when needed so was not completely cheating the system. I have had 3 of my previous cars on the policy and also have had the supra on it for the last year. When I bought the Supe, I put the Mini onto a private policy which has just passed the 1 year mark. With the company's fleet renewal due, they have wised up to my ways and now refuse to insure the Supra for social use leaving me in a sticky wicket. Aviva quoted me £5000 a year to insure this time last year as i was only just 20 with no official "no claims bonus" despite a clean history and license. So with its the expiry of the policy at midnight tomorrow night I have 3 options and No1 is where I need advice: 1. Insure the car in my dads name and have me as a named driver so will still use the car daily. Already quoted at £900 a year. I am unsure of the legality of this as it was my dads idea. Would the insurance company pay out if they discovered I was still principal user in the event of an accident? 2. Try and insure it myself. (will be calling companies on Monday to get direct quotes.) 3. Let the policy expire and leave the car in the drive for a year and then try again I know its a bit much but the car truley is my life and I will hate option 3. Thanks in advance for any and all advice. Ross Quote Link to comment Share on other sites More sharing options...
downimpact Posted October 6, 2012 Share Posted October 6, 2012 option 1 would be called fronting and is illegal, no the insurance company wouldn't pay out. Quote Link to comment Share on other sites More sharing options...
LOGIE Posted October 6, 2012 Share Posted October 6, 2012 2.Try and insure it yourself mate, it will be expensive no doubt but keep phoning about and play the insurance companys off against each other on beating quotes, also ask them how they can help you lower it ie have an agreed low milage (under 1000 miles maybe). Dont do option 3!! you may end up losing the love. Quote Link to comment Share on other sites More sharing options...
Graham1984 Posted October 6, 2012 Share Posted October 6, 2012 I think it is always best to have your own policy as then the NCB will soon cut away at the costs and it saves your dad getting stung in the instance that you have an accident be it your fault or not. Quote Link to comment Share on other sites More sharing options...
Pixelfill Posted October 6, 2012 Share Posted October 6, 2012 Probably not the best thing to post this in a public area of the forum. Mike Quote Link to comment Share on other sites More sharing options...
tkddav3 Posted October 6, 2012 Share Posted October 6, 2012 aslong as it not silly money id go with your own pilicy mate, wont be cheap but the better option! Quote Link to comment Share on other sites More sharing options...
ashbuster Posted October 6, 2012 Share Posted October 6, 2012 do what everyone else does and pay for insurance properly but you can always add your dad as a named driver so he can drive it and also should lower the price Quote Link to comment Share on other sites More sharing options...
stevie_b Posted October 6, 2012 Share Posted October 6, 2012 Try getting a telemetrics box fitted to the car. That might reduce the premium by a fair chunk. Quote Link to comment Share on other sites More sharing options...
Graham1984 Posted October 6, 2012 Share Posted October 6, 2012 you can always add your dad as a named driver so he can drive it and also should lower the price I have my dad as a named driver and it saves me 100's a year and handily gives me another driver fully covered in case I need them to take my car or me and my car anywhere for whatever reason. Women around 50 with a clean licence actually bring down the cost more so your mum or dad or even a family friend can be named. I went with aviva as they counted my licence from when I got my provisional which luckily for me was in 2004..... works out at 8years driving experience rather than the 8 seconds it actually had been. Quote Link to comment Share on other sites More sharing options...
Ross C Posted October 6, 2012 Author Share Posted October 6, 2012 Probably not the best thing to post this in a public area of the forum. Mike I have no problems posting in a public area, as i have done nothing wrong. I will definately not be going down option 1 now as I was already sure that this was the case. I will start calling around then on Monday. Quote Link to comment Share on other sites More sharing options...
imi Posted October 6, 2012 Share Posted October 6, 2012 I know what option I'd be going for. I'd have used the members area instead Insurance companies look for ANY excuse to rip you off, inc some of the brokers on here. Imi Quote Link to comment Share on other sites More sharing options...
Nick85 Posted October 6, 2012 Share Posted October 6, 2012 Option 2 all the way and add older people to the policy as named drivers to bring the premium down (still don't understand how that works though) Quote Link to comment Share on other sites More sharing options...
Geo Posted October 6, 2012 Share Posted October 6, 2012 Option 2 mate, start earning your NCB on this. yes it might cost you a few quid, but you didnt buy a supra knowing it was going to be cheap. Quote Link to comment Share on other sites More sharing options...
Graham1984 Posted October 6, 2012 Share Posted October 6, 2012 Option 2 all the way and add older people to the policy as named drivers to bring the premium down (still don't understand how that works though) I think the way it works is that they assume the older person has some sort of interest or investment in the car hopefully reigning the younger driver and stopping them being totally wreckless, either way it works out nicely. Quote Link to comment Share on other sites More sharing options...
LOGIE Posted October 6, 2012 Share Posted October 6, 2012 I have no problems posting in a public area, as i have done nothing wrong. I will definately not be going down option 1 now as I was already sure that this was the case. I will start calling around then on Monday. Use one of the price comparison sites first, you might be surprised. Then arm yourself with the best quote to use when phoning the specialist/import insurance companys. Thats what i done anyway. Quote Link to comment Share on other sites More sharing options...
Ross C Posted October 6, 2012 Author Share Posted October 6, 2012 I think the way it works is that they assume the older person has some sort of interest or investment in the car hopefully reigning the younger driver and stopping them being totally wreckless, either way it works out nicely. Thats what I have done with the Mini's insurance. Saved me a bundle. Quote Link to comment Share on other sites More sharing options...
SPG Posted October 7, 2012 Share Posted October 7, 2012 Option 2 buddy, back in the day when i purchased my Sup (2005) i used Elephant.com as they were the only ones who would insure me at 22 Quote Link to comment Share on other sites More sharing options...
Swampy442 Posted October 7, 2012 Share Posted October 7, 2012 Putting my missus on the insurance dropped it by a surprising amount. Id say insure it yourself, youre gonna have to do it at some point, and yes its gonna hurt the wallet, but hefty insurance is all part of being young and driving a fast car. Quote Link to comment Share on other sites More sharing options...
C12MMO Posted October 7, 2012 Share Posted October 7, 2012 See if you can start an admiral multi car policy for both the supra and mini & add any family member with lots of no claims. I've had my supra (NA Auto) since I was 20 and have paid around £500 a year car in my name and earning my own no claims. My dad had a £20,000 claim on the policy when his range rover was stolen and he had the money from admiral within 2 weeks and the company was very good to deal with. You can always start the policy with the supra and add the mini at a later. Quote Link to comment Share on other sites More sharing options...
Benjy Posted October 7, 2012 Share Posted October 7, 2012 Putting my missus on the insurance dropped it by a surprising amount. Is she older than you? I added my mrs who's 2 years older with the same driving history as me, and it went through the bloody roof! Quote Link to comment Share on other sites More sharing options...
Marcus GTE Posted October 7, 2012 Share Posted October 7, 2012 I've found admiral to be cheapest for me over and over mate, so try it online if you haven't already done so. Add your mum if she drives as adding a female who has been driving a while took mine down £100. Good luck Quote Link to comment Share on other sites More sharing options...
Supraman Posted October 8, 2012 Share Posted October 8, 2012 I've found admiral to be cheapest for me over and over mate, so try it online if you haven't already done so. Add your mum if she drives as adding a female who has been driving a while took mine down £100. Good luck Im with admiral too, with my mum and sister as named drivers and it was surprisingly cheap. Have a play about with the comparison websites, for example saying the car was parked on the street brought my policy down by £50 rather than saying its in a locked garage. Quote Link to comment Share on other sites More sharing options...
stevie_b Posted October 8, 2012 Share Posted October 8, 2012 saying the car was parked on the street brought my policy down by £50 rather than saying its in a locked garage. Weird. Be careful of false statements on your insurance though. If it is actually garaged, it might be tricky to explain to your insurers if something happens to it in the garage. Quote Link to comment Share on other sites More sharing options...
Ross C Posted October 8, 2012 Author Share Posted October 8, 2012 Right well I have sorted this today and the Supe will be back on the road within the week. Aviva who I already have my own policy with for the Mini, understand that the Supe is a secondary car for me and so will allow the car to be insured in my dads ownership and name, with me as a named driver on the policy, knowing fine well that I am the car's principal driver. Its a bit of a weird one that I have had to double check to believe it, but, problem solved Quote Link to comment Share on other sites More sharing options...
johnny g Posted October 8, 2012 Share Posted October 8, 2012 I'd get that in writing. But good on you! Quote Link to comment Share on other sites More sharing options...
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