Car insurance - different person to registered vehicle owner

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  ilostnemo on 31/10/2013 - 00:41

  If it's insured in your name, why would you.
  I'm pretty sure you can't have 2 premiums on the one vehicle.

  I'd just get the excess of him in advance.
  He must be a good friend, for you to lend your van.

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  ilostnemo on 31/10/2013 - 00:41

  If it's insured in your name, why would you.
  I'm pretty sure you can't have 2 premiums on the one vehicle.

  I'd just get the excess of him in advance.
  He must be a good friend, for you to lend your van.

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  _Bruce_ on 31/10/2013 - 07:31

  Unless he is young he should be covered under your policy. Otherwise I am pretty sure it is possible for someone other than the owner to take out insurance, but call up your insurer and find out.

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    ESEMCE on 31/10/2013 - 10:19

    +1

    Even if he is young, just call your insurance company to add his name to the existing cover.. Make him aware of any excess and ask him to pay any extra premium that might fall due to him being added.

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      Noblejoker on 31/10/2013 - 13:40

      I am a lifetime in insurance industry - this is the right answer
      Alternative - sell them the car for $1 and then buy it back for $1 on return
      There will be rego transfer fees each time but this removes the problem of him getting fines and you having to justify it wasn't you etc

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        Franconian on 31/10/2013 - 14:20

        I would have done that, but I'm in Victoria. The roadworthy check would be tough and costly.

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  2jzzzz on 31/10/2013 - 07:32

  You can add extra listed drivers to you existing premium. It might raise the premium though. Just decide if it is better for you to list and maybe pay extra, or get your friend to pay the excess when an unlisted driver had to claim.

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  mskeggs on 31/10/2013 - 07:38

  He would need to have an insurable interest in the property (van) so no, unless you sold or rented it to him, but that opens another can of worms.
  Best bet is probably to get insurance in the owners name with the friend listed on the policy as a driver. I appreciate this might be more costly, if the owner has a poor claim history, for example, but I don't think there is another way.

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  hdew47221 on 31/10/2013 - 07:58

  I have a similar situation where I insure a car that isn't registered to me. You should not have two policies on the same vehicle as if something happens both insurers can suggest you claim on the alternate policy and then there is a whole issue around who is liable.

  I just have the policy in my name with the car owner with a listed interest and as a nominated driver (in case they want to drive their car). As the insured person I am the billing contact so they don't see any documents or bills. The owner also ceased their existing insurance policy.

  The policy is in my name so if a claim is made it won't impact any no claim bonus/history and future premiums for the vehicle owner.

  I rang around a number of insurance companies. Just tell the insurance company what you are doing, they generally will either say no or tell you the process and cost. NRMA will cover this situation on a comprehensive policy.

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  pao2x on 31/10/2013 - 13:06

  If your insurance allows for unlisted drivers (albeit with a hefty excess) you should be fine. Just warn your friend that that is his excess that he should pay should he get into a insurance compo

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  Franconian on 31/10/2013 - 14:18

  Actually it's an old van which I don't need anymore. We would like to avoid the extra cost of roadworthy and re-registration as it still has rego on it.
  I would like to avoid any bad insurance history therefore would prefer to have the insurance totally under my friend's name.

  I just spoke to AAMI and they confirmed it would be fine. It's only for Third Party Property anyway.