Car Insurance - Page 2

tadah · 06-01-2007, 22:33

Yep...........

shillelagh · 06-01-2007, 22:35

I found it was cheaper to insure the car after i'd had an accident and lost my no claims!!!

tadah · 06-01-2007, 22:37

Or you can do what my bosses son does which insure a small car(in this case a 106) fully comp and then you can drive any car third party. And so with that he drives a 1999 BMW M3.

lancsdave · 06-01-2007, 22:42

Quote:

Originally Posted by tadah

But yes it does go mainly off the stereotypical image of what age you are.

It's a proven fact that most accidents are caused by young reckless drivers so they should be the ones who pay more. Never going to change until they themselves change the statistics.

tadah · 06-01-2007, 22:47

With old people a very close second.

entwisi · 06-01-2007, 22:47

Quote:

Originally Posted by tadah

Or you can do what my bosses son does which insure a small car(in this case a 106) fully comp and then you can drive any car third party. And so with that he drives a 1999 BMW M3.

But 1) its technically illegal and his insurance co will wriggle like a wriggly thing if he ever claims
2) its not 3rd party, its road traffic act only which means they don't even cover the other persons car, only injuries so if he hits someone he will find himself having to cough up for any reapirs to the car.
3)How will he tax the M3, you need a valid insurance cert to do so, they won't let him tax it based on his 3rd party cover.

tadah · 06-01-2007, 22:49

He as had this before with details of what the cover actually covers and he as it in writing that will be coverec while driving the BMW. I dont know the ins and outs but thats what he and his father says. As far as tax is concerned i dont know how he does that but it is an interesting point.

fireman · 07-01-2007, 00:05

he is only covered from the 106 policy for 3rd party if the 2nd vehicle the bmw is also insured, not belonging to him ,and not hired to him under a hire purchase agreement. your boss is talking through his backside,

tadah · 07-01-2007, 00:11

Who made us all insurance experts lol. Hey if he is covered then fair play to him let him do it i say.

***Mr D*** · 07-01-2007, 01:02

Quote:

Originally Posted by entwisi

But 1) its technically illegal and his insurance co will wriggle like a wriggly thing if he ever claims
2) its not 3rd party, its road traffic act only which means they don't even cover the other persons car, only injuries so if he hits someone he will find himself having to cough up for any reapirs to the car.
3)How will he tax the M3, you need a valid insurance cert to do so, they won't let him tax it based on his 3rd party cover.

Its is a very grey area, soon to own a vehicle you must insure it, bit like the tax system.

Also with the introduction of the MID (Motor Insurance Database), more uninsured vehicles are being taken of the road, if you was stopped in Accrington, your vehicle would normal be taken from you at the road side, down to AAA in Clayton at a cost of £135.00 Ish, and I think about £12 a day, you have to prove its insured before you can get it back.

Also the Driving other cars extention is all fine, but lets say the M3 isnt insured at all, a police camera would pick it up as Uninsured, so a stop and producer, nothing more than hassel really. However as soon as he steps out of the vehicle, if its on a public highway it is now illegal as its uninsured, and could be towed away.

The Driving other vehicle extention, would cover the other persons (Third Partys) vehicle also, as well as any other Third Party Property that was damaged. (Not all polices are the same but the majority would).

chav1 · 07-01-2007, 13:44

every insurer i rang said that to drive another car it had to be insured even with me been fully comp i can not drive another car unless its owner has insurance for it

i can drive my brothers car 3rd party but if he had no insurance i couldnt drive it legaly

the only thing i can think of is to insure yourself to drive any car , soem kind of traders insurance i think it is but what your boss is doing with teh 106 and his bmw seems like a lot of wind or he dosnt realise hes driving the bmw uninsured

only way he will find out for sure is when he has an accident i suppose or has to produce documents at the station

i remember a friend of mine buying a scrap mini and insuring himself fully comp and driving his xr3i but that was in teh 80's iem pretty sure insurance companies clicked on to the scam and altered tehir polocies to stop it

another trick he used to do to get cheaper insurance was when he had a clean licence he reported his license lost and when he eventualy got points he used to show his clean license to the insurers to get lower quotes but you cant do that these days because all teh computers are linked up now i think and besides him lying about the points would invalidate the insurance shoudl he have an accident , again in teh 80's and things have changed now

anyway ime no expert but it does sound very grey

chav1 · 07-01-2007, 13:48

Quote:

Originally Posted by tadah

He as had this before with details of what the cover actually covers and he as it in writing that will be coverec while driving the BMW. I dont know the ins and outs but thats what he and his father says. As far as tax is concerned i dont know how he does that but it is an interesting point.

insure the car and cancel the policy once you have taxed the vehicle

tadah · 07-01-2007, 13:50

You rang around insurance companies for that? lol oh dear oh dear.

chav1 · 07-01-2007, 13:56

Quote:

Originally Posted by tadah

You rang around insurance companies for that? lol oh dear oh dear.

when i was choosing my policy provider it was my first ever car and wanted to be sure exactly what i was covered for and what i wasnt because i want to drive other peoples cars and with only just passing my test if i get 6 points within my first 2 years i get banned and have to re take my test and didnt fancy getting points for not been insured to drive a vehicle

you didnt think i read this post and set about ringing around to check did ya lol

***Mr D*** · 07-01-2007, 13:57

Quote:

Originally Posted by chav1

every insurer i rang said that to drive another car it had to be insured even with me been fully comp i can not drive another car unless its owner has insurance for it

I have yet to see a policy that specified the Driving Other Cars Extention would only indemnify the driver if the other vehicle is insured.

It is a safe guard againt uninsured driving in the event you need to drive somebody else's car, your insurer will indemnify any damage to a Third Party person or property. in the event of an accident.

Its there to protect the Third Party.

Another Myth is that you have to be fully comprehensive.