This applies if you are driving as 'Insured Only to drive'

I cant figure out why this should be the case but it IS the case so make the most of it!

A bit of history first:- My Impreza Turbo insured as me only to drive £680 - fine, BUT add my wife ( with 1 accident fault claim and 1 speeding ) £500!!!!!!! Her car Nova 1.0L - her only to drive £250 - add me to the policy - £175!!!!!!!!

My friend (21 years old) tried this also, added his mate to the policy and there we go £100 cheaper!!!!!!!

I have no idea why and neither do the Insurance Company sales staff - maybe someone can answer on here??????

Anyway, back to saving you money - make up a friend, someone who is 45 years old, no claims, no convictions and add them to your policy ..... call him Fred Smith, he will never drive the car, of course, will never have to make a claim and therefore it will NEVER be discovered that this character is totally ficticious and even if it is you are not doing anything wrong are you????

Try it and donate half of your savings to the NSPCC or something!!

Dont wait for renewal, add this invisible friend NOW, and they will send you a rebate!!

Trust me!

Pete

[This message has been edited by pslewis (edited 07 September 2001).]

 

I like the charity idea, but is'nt this insurance fraud The making a mate up case that is.

[This message has been edited by Neil Smalley (edited 07 September 2001).]

 

I saved £700 by keeping my exgirlfriend on my insurance (26yrs driving for 3yrs )
Andy

 

Cant think that its fraud?????

But if it is DONT do it!!

You can always ask a friend to be a named driver on your policy - add your dad to it or your mum!! then it is NOT fraud!!

Do it and save a packet!

Pete

 

why not put you mum or dad on if your not married/have girlfriend. That way no fraud is commited, if you have the above.

 

The making it up case is a gray area. One could argue that you invented a person in order to obtain money by deception. AKA Fraud.

A much better idea is to find a mate who wants to buy a scoob, put them on your insurance as a named driver. Let them go for a test drive.

You get the money off, they will buy a scoob after the test drive and so you both win.

 

As far as making up an "Imaginary driver",No it's called "Obtaining a pecuniary (Monetary) advantage by deception. this is contrary to S.16 Theft Act 1968, is an arrestable offence, and carries a maximum sentence on indictment (trial at the Crown Court) of five years imprisonment. So my advice would be don't even think about it!!
Real person known to you, completely legal.

[This message has been edited by JGRIFF (edited 07 September 2001).]

 

Cheers Pete,

I am insured driver only, and the thought of saving anything of the £1600 I have spent sounds good. Sounds like the ins co's are the fraudulent ones

 

Pete - long time no speak - hope you are well
Yep - this is an old trick and *does* usually work - the theory that if someone of lower risk has a some sort of percentage share of vehicle driving time then your premium should go down. Using someone like your mum, dad, uncle etc is a good idea.

Gastro
PS - shortly to be in Oxfordshire
PPS - JGRIFF- I wouldnt worry about the legality issues too much as long as you have a genuine person on the certificate as an occasional driver - legally they *really* cant prove a thing otherwise - *think about it*

[This message has been edited by Gastro (edited 07 September 2001).]

 

I wouldn't go for making friends up but I can't see any legal reason for not adding parents etc., even housemates wouldn't be unreasonable. I do it purely for the convenience, aside from the fact it may save me money if the policy wasn't free with the car anyway.

As a point though, I know my brothers policy went up when adding my parents to it. Only 20 quid or so but proves there isn't always money in being generous with the car keys

 

the world has gone mad.

wonder what they would say if i put my 86 year old gran on the westie policy. LOL

 

John

They'd say that the policy would have to increase due to the fact that the westie would now go a lot faster with her at the wheel

LOL
F

 

LOL you git

 

I've always put my mum on my car insurance so she can drive it back from the pub.

Sometimes made a difference but no change on the Scooby insurance.

ChrisB.

 

I was told that it has nothing to do with the demographic of the other insured party, merely the nature of the relationship.
That is to say, if you are a high risk (young chap) and you have a girlfriend / wife to put on the policy, it would indicate that you are less likely to take risks.
Personally, I would having thought having a partner would make you more likely to take risks
KF.

 

I will expand on my 21 year old work colleague story:-

He, and his friends, wanted to visit the lake district for a number of weekends over the summer. They were to take his Astra, it was decided that it was too far (from the south coast) to expect one driver to drive there and back for what amounted to 2 days away, so they decided to add one of the friends to the policy - he had the best driving record and also was 25 years old, they all agreed to fund the expected INCREASE in the premium!!!

What happened was a REFUND of £100!!!!! this friend was unrelated and didnt live in the same house as the original 'insured only'.

I can only assume that the insurance company think that a named driver will, in fact, drive the car for a certain portion of the insured year ........ effectively removing their risk from the original higher risk 'insured only' driver?

Michelle - to say it doesnt work is nonsense when indeed it HAS happened over and over again, just because you cant get it to work doesnt mean it doesnt work!!

Obviously you need to be clever about who you choose to add ....... adding a 17 year old with 4 accidents in 4 days, 3 speeding tickets and a pending drink drive conviction will NOT, amazingly, have the desired affect of reducing your premium!!!!!!

Pete

 

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by Crapaud62:
<B>When I saw the title, was I the only person who thought PSLewis was going to tell us to save insurance money by saying something like...

"Fit gold wheels to make it less attractive to car thieves" [/quote]

That is quite true of course BUT you stand a higher chance of getting your car taken off you - as you are obviously a bit of a 'Girlie!' so the risks equal out!

Pete

 

KF is right.

The underwriting experience suggests that if you have a partner or spouse you are less likely to take risks. Just telling the insureco that you are getting married will take your premium down (bluddy expensive way to save on your insurance tho').

Adding random, or indeed, fictional people will not really help your premium - spouse has the biggest effect.

So, simply married people have a better claims experience than singles - maybe it's because all the singles continually hoon up and down the High Street to impress the girls!

Trout

 

Nice to hear from you Pete, havent read any recent posts so I was beginning to wonder what had happened to you.

Having recently re-newed my insurance was disappointed to learn that the addition of a very good theft deterrent (Barrier deadlock) gave no reduction in premium. Cant complain tho, only 530 quid this year, including the missus of course!!.

 

Tried it straight away and added my dad to policy, no money refunded they added him for nothing ( still got 8 months of policy to run ) guess it dont work with all insurance companys

 

It does still work with some Insurers, its treated as lessening the risk. I.E main driver 26 add a parent (still the same mileage) and some insurers will reduce the premium.
Other reductions:

Married young male - discount
Cohabiting male - discount
Home owner - discount
Female proposer - discount (normally)

Some Insurers give discounts for:
Non Smokers!!
T - Total!!

These are just a few.

Some Insurers don't charge for changes in the middle on an insurance year or give refunds. These are normally computer generated policies. So you could, with some companies insure a mini then change to a Scooby and pay no more Have yet to see this work to that degree though. Have seen a change from a sport to a turbo with no additional premium - 5 months left!

Jeremy

 

When I saw the title, was I the only person who thought PSLewis was going to tell us to save insurance money by saying something like...

"Fit gold wheels to make it less attractive to car thieves"

 

Been there, tried it, no luck.

Sorry it doesn't work.

 

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by pslewis:
<B>Michelle - to say it doesnt work is nonsense when indeed it HAS happened over and over again, just because you cant get it to work doesnt mean it doesnt work!!

Obviously you need to be clever about who you choose to add ....... adding a 17 year old with 4 accidents in 4 days, 3 speeding tickets and a pending drink drive conviction will NOT, amazingly, have the desired affect of reducing your premium!!!!!!

Pete[/quote]

Thank you for your comments but I didn't exactly **** around when getting insurance, I phoned every insurance group I could find and each time I asked the question if adding my parents who have clean licences etc and are a lot older than me. Each time I got told they judged the premiums etc on me i.e the youngest driver.

It may work for others but god knows what they are saying. Please tell me.

Thank You

Michelle.

 

I had the same experience last week:
Insured my P1 with Admiral online, and put my sister on as a 2nd driver - the premium came down by £200 - so I ended up getting a P1, kept on the road in central London with NCB protection for £977 which I reckon is pretty good for a 29yr old with 6 points!

Interestingly the online quote was different dependant on if I put me in as sole driver, then went back and modified to add my sis, or put us both in from the outset for the quote....

 

So Pete, you fancy being insured on a proper car then? You will notice if you look out your front door the white whale is back

Mind you, you will probably want a ride in exchange but I am not sure if you could handle 416lb/ft

Seriously, if it makes a difference at least it adds cred with the same post code!

 

Didn't work for me either I asked a few places when I was renewing, and normally adding my dad (old codger 30yrs no claims 0 points, etc) put my premium up

I think this is down to the Scooby insurance being so high due to people crashing their Imprezas soon after taking ownership, and that most of the premium is made up from the risk of theft.


Re Michelle:

Pete, if it works for one person, does that suddenly mean it works? No.
As with an amber traffic light (don't know if anyone else remembers that thread) there is no guarantee this will work, but neither is it a certainty that it wont.

 

I can confidently say that it works for 'MOST' people - I have actually DONE it on 2 cars in the last 6 months - friends and colleagues have also done it successfully - mind you, if you are insured with some mickey mouse outfit then I am not surprised it doesnt work. So, dont try it with Wheelspin Insurance Co., Smash 'n' grabitt Insurance Brokers or nikka yer monE and run Brokers!!!

Ben, yes - saw the white whale (thought it was you!) ha ha ha Stick me on it mate - I wont need to drive it as I have a 'real' car on the drive

Pete

 

Having trouble admitting you're wrong Pete?
I'll remind you of the threads title: This WILL save you money on Insurance
(Checking, but can't see the word most in there anyway )

BTW, as Direct Line, Tescos and Admiral are apparently (to use your term) mickey mouse outfits, would you like to point me in the direction of some reputable companies I can try for my next renewal?

 

What does that word 'WRONG' mean? not in my dictionary, sorry!!

If I can save 50% of the people on here money then I will admit that my Title is slightly incorrect - as for you, well I am glad you are paying more than you have to as it makes it cheaper for me

Just find a company that does it - cant be too hard for you can it??

Pete

PS. I have just seen that you are a computer programmer so it follows that everything must be logical or it just doesnt compute in the brain does it????

[This message has been edited by pslewis (edited 08 September 2001).]