Can a car have multiple insurance policies?
Well I'm 16 turning 17 in November and recently I've been pricing up car insurance, cars etc. Obviously car insurance is unbelievably expensive because every 17 year old is a boy racer, so the cheapest I got it to was about £2000. My mum and dad already have a 2007 Ford Focus and they said they would add me as a named driver on their car, turns out their insurance company (esure) doesn't insure young drivers. Could I get my own insurance policy on their car with a different insurance company? Also if anyone has any ideas/tips on how to get the cheapest insurance for people my age let me know.
Your parents are probably with a over 50's only insurance company so they would not touch you.
A car can only have 1 Policy on it.
There are a couple of ways to reduce cost of your policy.
Add Mum and/or Dad as Named Drivers
Restricted annual mileage
Raising the Excess
Getting a Group 1 Insurance car
Andy C
No. Only the owner or registered keeper can be the policyholder. You are neither it seems.
Short answer, no.
The only way to do it is get put on the policy for that car or buy another car and get your own insurance, which will probably be dearer.
The answer sadly is no
because it would be a very easy way for a group of people to make a lot of easy money
lets say 10 people aged around 50 buy a car worth £2000
they each insure the car costing them £300 each and then a few weeks later the car is stolen and burnt out.
each insurer put in there claim and all together they get £20.000 back for an out lay of just £3000 so they have made £17.000 for doing nothing
so with the money they made they go out and buy a £5000 car and at a cost of £500 each they all insure it 10 times at a group cost of £5000 and once again they are unlucky enough to have the car stolen again and burnt out, so they each claim on there own insurance and each get £5000 X 10 = £50.000
and they can keep doing this till they are raking in millions, that is why only 1 person can insure a car
You can have as many as you like but if you have an accident you can only make one claim and the insurance companies will each pay part. However unless you are the keeper or owner of the car you will not be able to insure it anyway
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