Insurance Question

[marbleapple]

Evening all.

 

I am just looking for some advice in relation to my insurance conundrum.

 

Background info: I sold my car and arranged a company lease car through the girlfriends work. The scheme works that you pay for it monthly and return it for a new one after 24 months. The car payments are heavily subsidised, all the insurance, maintenance etc are paid for by the firm and thus I am saving a huge amount of cash each year. Because it is a company car, the insurance is in the name of the company and thus I am not named on the insurance policy (although I am insured when I drive it).

Early next year I will have been driving company cars for two years, and I was recently informed by a friend of mine (and have since had it confirmed in writing by Churchill) that unless I insure a vehicle within a two year period then I would lose all my no claims bonus (5+ years). This wouldn’t matter so much, but I intend to buy a Supra once the present car lease is up and don’t want to have to insure it with 0 no claims bonus.

 

My questions are then:

 

1. If I bought a rubbish car and insured it for a year, does the car need to have an MOT or tax (I don’t plan to drive it)?

2. Are you able to insure a car that is classed as ‘off the road’

3. Can anyone think of a way to protect the no claims bonus without insuring a car?

[merckx]

I've no idea but here's a bump to the top.

 

The cheapest way to do it could be to have a relative transfer ownership of their car over to you, you get the car insured and put them on as a named driver.

[flukey-lukey]

You can have insurance on a car that is 'sorn' (no mot and tax)

 

for example, if you took your supra off the road for winter you would still want it to be insured against theft/damage/fire etc

 

Just buy a shitter, park it in your garden/drive and insure it

[marbleapple]

Thanks guys. Great help

 

I have an empty garage so chances are I will do as Flukey lukey says.

[Class One]

Some insurance companies recognise that you have been a claim free driver on a company (or spouses) insurance, why don't you check and see if it is recognised in additional to your previous good driving record? Could save yourself quite a few quid for the cost of a few phone calls.

 

My previous insurers (Bell) transferred all my wifes NCD onto me when I insured with them as I was a named claim fee driver and she had accumulated max NCD.

[marbleapple]

Some insurance companies recognise that you have been a claim free driver on a company (or spouses) insurance, why don't you check and see if it is recognised in additional to your previous good driving record? Could save yourself quite a few quid for the cost of a few phone calls.

 

My previous insurers (Bell) transferred all my wifes NCD onto me when I insured with them as I was a named claim fee driver and she had accumulated max NCD.

 

So simple... why didnt I think of that!?

 

The only problem I forcee is that anyone is insured to drive the car and thus technically the company won't even be aware I am driving it. I will certainly consider it with Clare's no claims since she wasn't driving long before we got the company car.

[robin]

do you even need to own a car to insure it? Surely you can insure a car you have access to. Just need to tell them you are not the registered keeper etc and insure yourself on your mums/mates car

[ivan]

The only problem I forcee is that anyone is insured to drive the car and thus technically the company won't even be aware I am driving it.

They'll know soon enough if you prang it, don't you worry.