A friend of mine has kindly offered to loan me his spare car - I would be the registered keeper, but not the registered owner. This presents a major problem with insurance - everyones telling me that i dont have an "insurable interest" in the car - i.e. I could insure it, let someone steal it, then claim on the policy.

So... Does anyone know of a company that will insure me as the registered keeper, but not the registered owner? Id rather not be a named driver on the owners policy, and Im not in a financial position to buy the car from him.

Get him to add you to his insurance as a named drive and you pay the difference? Its the only thing I can think of.

I take it everyone is the insurers and not just mates opinions?

I think becoming a named driver is your only real option other than becoming the registered keeper with all this being the case. Why the reluctance to become a named driver though?

Because theyre no longer insured on it, and i dont want to put them through the hassle. "Everyone" = 6 or so major insurers.

I think Im going to get round it by writing my friends a cheque for the value of the car, and them signing it over to me completely.

Surely there has to be some insurance company that will do it? Questions are which ones and how much is it going to cost you for the privilege?

Quote from: MaldonadoI think Im going to get round it by writing my friends a cheque for the value of the car, and them signing it over to me completely.

If they trust you then surely you dont even need to give them a cheque, they could just sign it over to you temporarily?

Some companies (Quinn being one) will allow you to insure a car in your name, and then drive ANY other car REGARDLESS OF WHETHER IT IS INSURED OR NOT third party only

Its how a lot of 21 yr olds are driving evos over here- insured on a 1.2 clio and then driving an evo registered in their mums name

Maldonado are you over 25, a good option most companies have is, they will insure the car for anyone over 25

Id love to own an insurance company, they all seem to make money.

Get it signed over to you then and then get real insurance.

surely you can insure any car, regardless of who owns it?

on our 2nd car im the registered owner but the misses is the main driver on the policy.

Quote from: DEViANCEsurely you can insure any car, regardless of who owns it?

on our 2nd car im the registered owner but the misses is the main driver on the policy.

You can insure any car, what hes saying is that itll cost him more if hes not the owner of the car and looking for companies that dont charge that, I think it was Mark who suggested Quinn, who Ive been with before and theyre very good for service. Especially if you like the Irish accent.

Quote from: PrivateerMaldonado are you over 25, a good option most companies have is, they will insure the car for anyone over 25

most have stoped doing that now too

we had to shop around a lot more last time, and that was for a work van.... where you expect to insure anyone over 25

Every one of the 6 or so that i spoke to said that they would not insure me if i was not the registered owner. I turn 25 at the end of May, which is another issue - it looks like I will save money by cancelling whatever policy I end up with after my birthday and taking out a new policy. £25 or so typically to cancel an insurance policy with a refund of the rest of the years cash

Quote from: MaldonadoEvery one of the 6 or so that i spoke to said that they would not insure me if i was not the registered owner. I turn 25 at the end of May, which is another issue - it looks like I will save money by cancelling whatever policy I end up with after my birthday and taking out a new policy. £25 or so typically to cancel an insurance policy with a refund of the rest of the years cash

keep an eye on the small print as when I moved from the prelude (group16ish) to a focus ( grout 8ish), I was going to cancel with 6months left, as they wanted £40 admin fee to change it over, so I thought id cash in the 6months left on a £600 policy, they said that the percentage of the policy I got went down each month, and at that point I would get £40, of that they would take a £25 admin fee.

So rather than cash in for a paltry £15 I stumped up £40 for 6month,  changed insurance when it was up tho.

wish I had the money to lodge with Lloyds, so I didnt need to deal with them again  

Quote from: knighty

Quote from: PrivateerMaldonado are you over 25, a good option most companies have is, they will insure the car for anyone over 25

most have stoped doing that now too

we had to shop around a lot more last time, and that was for a work van.... where you expect to insure anyone over 25

Interestingly, time could be running out for younger drivers (17-21)

Insurance companies are pulling out of insuring young drivers, and quotes are starting to get very high

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=42H2K3OKG4F5JQFIQMGCFFWAVCBQUIV0?xml=/money/2008/01/21/cminsure21.xml&DCMP=ILC-traffdrv07053100