What's the best way to own/insure 2 cars? - HotUKDeals
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What's the best way to own/insure 2 cars?

Benjimoron Avatar
6y, 6m agoPosted 6 years, 6 months ago
Will have 2 cars soon, looking for the cheapest way to own/insure them.

Car number 1 will be for own business use only (other than emergencies, car 2 broken down for example). So I would assume I can claim the tax back on all the costs, insurance etc?

Car number 2 will be for family use.

I have 6 year's no claims and had a full license for 6 years.

Wife has no no claims and has only just got her full license.

How would you arrange the insurances for best value? I'm thinking that I might be best to use my no claims on the family car and make the more expensive one the business one as I should be able to claim the tax back on it?

But then my wife wouldn't build up a no claims bonus. So would it be better to use my no claims on the business car and to pay more for the insurance on the family car as my wife would then build up a no claims bonus?

AFAIK I can only use my no claims on the one car can't I?

Thanks for any input.
Benjimoron Avatar
6y, 6m agoPosted 6 years, 6 months ago
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#1
I'd try an Admiral Multi-Car Policy maybe?
banned#2
We have 3 cars. The new cars are insured in mine and the wifes name. The third old car, is insured in my name, but using the NCB built up from being a named driver on my missus car. (ie yiou cant use your NCB on 2 cars.)

Not sure if that helps, buts how I do it anyway.
#3
guv
We have 3 cars. The new cars are insured in mine and the wifes name. The third old car, is insured in my name, but using the NCB built up from being a named driver on my missus car. (ie yiou cant use your NCB on 2 cars.)

Not sure if that helps, buts how I do it anyway.


That's some special feature with a certain insurance company isn't it? You can't normally get a NCB as a named driver?
#4
Benjimoron
That's some special feature with a certain insurance company isn't it? You can't normally get a NCB as a named driver?


guv
We have 3 cars. The new cars are insured in mine and the wifes name. The third old car, is insured in my name, but using the NCB built up from being a named driver on my missus car. (ie yiou cant use your NCB on 2 cars.)

Not sure if that helps, buts how I do it anyway.


I'd be careful with this 'gaining NCB as a named driver'

the A-Holes at direct line try this - it is in fact a 'named driver discount' which you can only use with direct line when you take out a full policy with them and isn't worth much at all.

Only found this out when i tryed to move insurers - thankfully Admiral recognised it as a NCB and i left DL. Avoid Direct Line at all costs!!
#5
A13
I'd try an Admiral Multi-Car Policy maybe?


whatsThePoint
that or ecar i think they are the only 2


Good ideas, might try them.

Although would probably not be able to get cashback which would probably make it more expensive anyway!




Why is it that lowering your excess lowers your premium? I've tried £1000 excess but if I lower it to £500 it saves me money instead of costing more? Noticed the same thing on Moneysupermarket and Aviva.


Also comprehensive is working out cheaper than TPFT but I think that's because statistically someone who takes comprehensive insurance is a safer driver, less likely to claim.
#6
If I had 2 policies, could I earn 2 seperate NCB's?
#7
Benjimoron
If I had 2 policies, could I earn 2 seperate NCB's?


Yup! :thumbsup:
banned#8
Benjimoron
That's some special feature with a certain insurance company isn't it? You can't normally get a NCB as a named driver?


A13
I'd be careful with this 'gaining NCB as a named driver'

the A-Holes at direct line try this - it is in fact a 'named driver discount' which you can only use with direct line when you take out a full policy with them and isn't worth much at all.

Only found this out when i tryed to move insurers - thankfully Admiral recognised it as a NCB and i left DL. Avoid Direct Line at all costs!!


It is with direct line and for me it works out fine. ( I intend on selling the car when I can be bothered.... which isnt anytime soon as I'm lazy!) I can understand the point you make though. We do both have a Full NCB in our own rights though. (That said, the missus started with hers as a "named driver".... not that long ago either, though she's earnt the full NCB in her own right now. (I hope so anyway!)
#9
lilraul
Yup! :thumbsup:


Cool! So it may be best to have the cheap car insurance using my NCB for the family car, and the more expensive no NCB on the business car which I could claim the tax back for. In years to come that would also become cheaper as I would have 7 years on the family car and 1 year on the business car next year?

Does that make sense?
#10
guv
It is with direct line and for me it works out fine. ( I intend on selling the car when I can be bothered.... which isnt anytime soon as I'm lazy!) I can understand the point you make though. We do both have a Full NCB in our own rights though. (That said, the missus started with hers as a "named driver".... not that long ago either, though she's earnt the full NCB in her own right now. (I hope so anyway!)


Thought it might be DL, I think I'd avoid it as I don't want to be stuck with one insurer.
banned#11
Benjimoron
Cool! So it may be best to have the cheap car insurance using my NCB for the family car, and the more expensive no NCB on the business car which I could claim the tax back for. In years to come that would also become cheaper as I would have 7 years on the family car and 1 year on the business car?

Does that make sense?


Yes and yes it sounds like the best way in your situation. Dont forget though, many insurance companies do give discounts for second cars!
#12
guv
Yes and yes it sounds like the best way in your situation. Dont forget though, many insurance companies do give discounts for second cars!


Excellent!

Thanks for all advice, will rep soon.

So what I'd have is basically the same as if my wife started out a policy with me as the named driver, only differences are that the more expensive one would be on the business side instead so able to claim more tax back (anyone have any experience with that btw?) and the NCB would be in my name rather than the wife's.


Would need to be major discount for second car to make up for lack of 2 lots of cashback each year!!
#13
I think the cashback will be more then the discount you would get for 2 cars with the same insurer.
#14
lilraul
I think the cashback will be more then the discount you would get for 2 cars with the same insurer.


Yeah I think so, around £150 a year cashback hopefully, can't see anyone knocking that much off for us, particularly as mine is only about £300 anyway.
#15
guv
It is with direct line and for me it works out fine. ( I intend on selling the car when I can be bothered.... which isnt anytime soon as I'm lazy!) I can understand the point you make though. We do both have a Full NCB in our own rights though. (That said, the missus started with hers as a "named driver".... not that long ago either, though she's earnt the full NCB in her own right now. (I hope so anyway!)


You can't earn a NCB as a named driver with DL.
You will get a Named Driver Discount when you take out a policy with them in your own right after being a named drive. This wont be anything like a NCB discount and you cant take it with you when you move insurers as it an Inhouse thing..
#16
A13
You can't earn a NCB as a named driver with DL.
You will get a Named Driver Discount when you take out a policy with them in your own right after being a named drive. This wont be anything like a NCB discount and you cant take it with you when you move insurers as it an Inhouse thing..


Yeah, big old con to get you to stay with them. When you eventually find out your NCB is a waste of paper then you're even more stuck with them.
#17
Much as I've hated Aviva over the last few years it looks like I'm going back to them!

They've offered me £300 for my car business use, which is about the best quote I can get.

They've offered to mirror my NCB onto my wife's car and give her 5 years NCB after 2 years!! And the price is £327, best I could get on t'internet was around £850!

I miss out on cashback for the first 2 years but them giving full no claims discount from day one then being able to take it anywhere after 2 years makes up for that!!!


Now the fun starts, asked for it in writing, told to read 44 page document which they can't find!!!

Also told that you only pay excess claiming for your own car? Thought you had to pay the excess even if you used your insurance to pay for damage to another car???

They've found the document and it's not on there!!! Suprise suprise. Girl told me I was rude when I asked for it in writing! Why oh why am I going back to Aviva???
banned#18
A13
You can't earn a NCB as a named driver with DL.
You will get a Named Driver Discount when you take out a policy with them in your own right after being a named drive. This wont be anything like a NCB discount and you cant take it with you when you move insurers as it an Inhouse thing..


Benjimoron
Yeah, big old con to get you to stay with them. When you eventually find out your NCB is a waste of paper then you're even more stuck with them.


Well all her renewal notices state NCB, not named driver discount. so I cant see how they could withhold that. Similarly, I'm not too bothered about "named driver discount" on my old car as I'll be flogging it.

Benjimoron
Much as I've hated Aviva over the last few years it looks like I'm going back to them!

They've offered me £300 for my car business use, which is about the best quote I can get.

They've offered to mirror my NCB onto my wife's car and give her 5 years NCB after 2 years!! And the price is £327, best I could get on t'internet was around £850!

I miss out on cashback for the first 2 years but them giving full no claims discount from day one then being able to take it anywhere after 2 years makes up for that!!!


cashback? Aviva? Your having a laugh!

I took out a house insurance policy with them is September last year. It tracked fine. For 3 or 4 months, it showed "payment due on 30/ xx / 2009 Now it just says pending. I'd hate to think what would happen if I needed to make a claim! They can stick their "green army" where the sun dont shine. I wont be using them again.
#19
I've had cashback from Aviva several times, one delayed but other than that no problems. £75 for a car policy when I last looked.

Either way, if it's like they say then I'm going to save around £1500 over the next 5 years by having the full no claims bonus from day one, I only miss out on cashback for the first 2 years though, which could cost around £300 assuming it all got paid. So £1200 up still!!!


Does anyone know this is true?

"Also told that you only pay excess claiming for your own car? Thought you had to pay the excess even if you used your insurance to pay for damage to another car???"

Also how do they get away with giving you 5 years no claims bonus when you've only been driving for 2 years? Wouldn't other companies be a bit annoyed that they're giving you 5 years no claims bonus when you've only been driving for 2?
banned#20
Benjimoron
I've had cashback from Aviva several times, one delayed but other than that no problems. £75 for a car policy when I last looked.


Not that it matters (as you've said you cant get it), but I cant work out why 8 months on, I'm still waiting! I've put in notes on topcashback, but they seem to be doing very little.
#21
guv
Not that it matters (as you've said you cant get it), but I cant work out why 8 months on, I'm still waiting! I've put in notes on topcashback, but they seem to be doing very little.


Insurance always seems to cause problems with cashback. I used to use Rpoints and I think they paid out most stuff even if they didn't get paid themselves. (Most customers only got 50% cashback unless they asked for the rate to be matched, the other 50% paid for this sort of stuff!).

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