S3 Insurance Question

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Hi All,

Im close to ordering a new 2017 S3 Saloon, but have a quick question on insurance.

I do not have my own policy, this is held by my father however he recently got a quote and I will be one of the named drivers on the car.

Is this all ok? I don't think my father mentioned that the car will be brought on finance, of which the finance will be coming from me.

Iv heard something about registered keeper and owner and just want to make sure everything is all ok before I go ahead.

Besides this im super excited to put my order in im looking at the following spec:

S Tronic
Navarra Blue
Super sports seats
Tech Pack Advanced

Cheapest monthly quote via PCP iv got is £389.2 pm which I don't think is to bad. This is based on 9k annual miles and 4K deposit.

Cheers,
 
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Will you be the main driver, or will your father be the main driver, and you will drive it from time to time?
 
If you are the main driver, the arrangement that you suggest is fraudulent I'm afraid.
 
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No you can't. The car would have to be registered and paid for by your father.

Try and insure it with you as the main driver you might be surprised. Otherwise the company see it as insurance 'fronting' and hike the prices up.
 
I will be the main driver, just need to check if my father clarified this with the insurers, would this increase the price if I am the main driver?

I am 25 years old and always been under my fathers policy. No accidents that I have been at fault with.
 
the current quoted price we have is £486 per year which is pretty decent I think.
 
AudiEnthusiast said:
Hi All,

Im close to ordering a new 2017 S3 Saloon, but have a quick question on insurance.

I do not have my own policy, this is held by my father however he recently got a quote and I will be one of the named drivers on the car.

Is this all ok? I don't think my father mentioned that the car will be brought on finance, of which the finance will be coming from me.

Iv heard something about registered keeper and owner and just want to make sure everything is all ok before I go ahead.

Besides this im super excited to put my order in im looking at the following spec:

S Tronic
Navarra Blue
Super sports seats
Tech Pack Advanced

Cheapest monthly quote via PCP iv got is £389.2 pm which I don't think is to bad. This is based on 9k annual miles and 4K deposit.

Cheers,
Click to expand...

Shop some more, I have a lower monthly payment and higher mileage for same deposit.
 
Hi Sam, what deal did you get if you don't mind me asking and who with? How much is the privacy glass option u went for?
 
AudiEnthusiast said:
I will be the main driver, just need to check if my father clarified this with the insurers, would this increase the price if I am the main driver?

I am 25 years old and always been under my fathers policy. No accidents that I have been at fault with.
Click to expand...

If you own the car and are registered to it, you need to be the policy holder.

The policy holder needs to be the owner of the car or it is fraud.

At 25, you should get decent prices on your own but having no no-claims won't help.
 
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AudiEnthusiast said:
I will be the main driver, just need to check if my father clarified this with the insurers, would this increase the price if I am the main driver?

I am 25 years old and always been under my fathers policy. No accidents that I have been at fault with.
Click to expand...

Being listed as the named driver when you are in fact the main driver is known as 'fronting' and is insurance fraud...

This would be very easy to prove if you also have the car on PCP under your name. Suggest you get a revised quote with you as the main driver. Usually sticking your dad on as a named driver can reduce the premium.
 
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Thanks for the advice guys, I think its safer to get requoted, with me as the main driver, if im the main driver does that mean I am the policy holder? Or can my dad still be the policy holder but I am the main driver on the car with mum n dad as named drivers on it also?
 
AudiEnthusiast said:
Thanks for the advice guys, I think its safer to get requoted, with me as the main driver, if im the main driver does that mean I am the policy holder? Or can my dad still be the policy holder but I am the main driver on the car with mum n dad as named drivers on it also?
Click to expand...
What's the difference? Don't understand.
 
audi upgrades
AudiNutta said:
If you own the car and are registered to it, you need to be the policy holder.

The policy holder needs to be the owner of the car or it is fraud.

At 25, you should get decent prices on your own but having no no-claims won't help.
Click to expand...


Is that true though? On comparison websites it asks if you are the registered keeper & in the past iv had my own policy on my brothers car when it was registered to him...

@AudiEnthusiast the fact that you are paying the monthly payments & the log book will be in your name all adds up to you being main driver. Remember that a name on the cars Log book doesnt mean you are the owner. Its only that you are responsible for taxing it etc.... Im sure you could prove that you bought it for your dad to drive & your the part time driver but then would you want to with such an expensive liability. Worth paying £500 a year more just to cover yourself.

Policy holder = main driver i think! Try City Insurance. Im 33 and had no claims bonus last year. They gave me a bonus for having no claims but being a 2nd driver within the last 5yrs. They were cheap compared to all others @ £450. Their re-newal in march just came through via email. Shocking! over £200 more! so i wont be staying with them, but defo worth a try for 1st year.

Another tip, add your mum and dad as 2nd & 3rd drivers. Might bring it down. It did with my rewenal in a few weeks.
 
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Ormesome said:
Is that true though? On comparison websites it asks if you are the registered keeper & in the past iv had my own policy on my brothers car when it was registered to him...

@AudiEnthusiast the fact that you are paying the monthly payments & the log book will be in your name all adds up to you being main driver. Remember that a name on the cars Log book doesnt mean you are the owner. Its only that you are responsible for taxing it etc.... Im sure you could prove that you bought it for your dad to drive & your the part time driver but then would you want to with such an expensive liability. Worth paying £500 a year more just to cover yourself.

Policy holder = main driver i think! Try City Insurance. Im 33 and had no claims bonus last year. They gave me a bonus for having no claims but being a 2nd driver within the last 5yrs. They were cheap compared to all others @ £450. Their re-newal in march just came through via email. Shocking! over £200 more! so i wont be staying with them, but defo worth a try for 1st year.

Another tip, add your mum and dad as 2nd & 3rd drivers. Might bring it down. It did with my rewenal in a few weeks.
Click to expand...

I wouldn't count on finding a much cheaper quote elsewhere. I've always had a fairly low premium at around £400, but this year was the first that my renewal went up substantially, and comparison sites were just as high :(

Managed to get the premium to the same price as what I paid last year by making some tweaks (reduced mileage to reflect how I do very little now, and removed my GF as apparently she increased it..!?). Latest news that compensation changes means it's likely to go up even more now..!
 
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Thanks ormesome, think im misunderstanding that if I am the main driver this means I will be the policy holder. I think I will have to get quotes for myself and add my mum n dad to it. I just hope the prices aren't ridiculous!

Also whilst iv been on my dads policy I think I have been building no claims bonus up but not sure, need to check that also.

Where are the best places to start for insurance for someone my age for this sort of car? I just want a decent price!

unless I can add my own policy through my dads insurance provider which is esure I believe, would this necessarily give a better price as he has his car insured with them too?
 
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Might be cheaper to use your father's insurer, but not necessarily.
Go to moneysavingexpert and go through the process suggested there.
 
AudiEnthusiast said:
Thanks ormesome, think im misunderstanding that if I am the main driver this means I will be the policy holder. I think I will have to get quotes for myself and add my mum n dad to it. I just hope the prices aren't ridiculous!

Also whilst iv been on my dads policy I think I have been building no claims bonus up but not sure, need to check that also.

Where are the best places to start for insurance for someone my age for this sort of car? I just want a decent price!

unless I can add my own policy through my dads insurance provider which is esure I believe, would this necessarily give a better price as he has his car insured with them too?
Click to expand...

Mate if your 25 i dont think your that old to have an S3. there are people on here who passed their test and got one so i dont think your quotes will be massive. Just spend 30mins going through all the comparison sites (go compare, money supermarket, confused.com & many more) add your mum, then your dad, do they both at the same time, then take one off and add the other. try lots of different combos. Thats what i did.

Defo give your dads company a call. have his policy number there so you can quote it. Cant harm to try.
 
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AudiEnthusiast said:
Hi All,

Im close to ordering a new 2017 S3 Saloon, but have a quick question on insurance.

I do not have my own policy, this is held by my father however he recently got a quote and I will be one of the named drivers on the car.

Is this all ok? I don't think my father mentioned that the car will be brought on finance, of which the finance will be coming from me.

Iv heard something about registered keeper and owner and just want to make sure everything is all ok before I go ahead.

Besides this im super excited to put my order in im looking at the following spec:

S Tronic
Navarra Blue
Super sports seats
Tech Pack Advanced

Cheapest monthly quote via PCP iv got is £389.2 pm which I don't think is to bad. This is based on 9k annual miles and 4K deposit.

Cheers,
Click to expand...
I'm the registered owner on mine however as I've only had my license 3 months my partner is the policy holder and down as the main driver.
 
AudiEnthusiast said:
Thanks for the advice guys, I think its safer to get requoted, with me as the main driver, if im the main driver does that mean I am the policy holder? Or can my dad still be the policy holder but I am the main driver on the car with mum n dad as named drivers on it also?
Click to expand...

Put the quote in under your name, then your parents as additional drivers.. then you will be legal.
 
Milnesafc said:
I'm the registered owner on mine however as I've only had my license 3 months my partner is the policy holder and down as the main driver.
Click to expand...
But who is actually the person who drives it most?
 
Milnesafc said:
I'm the registered owner on mine however as I've only had my license 3 months my partner is the policy holder and down as the main driver.
Click to expand...

3 months driving and in an S3? Nice one!
 
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AudiEnthusiast said:
Thanks ormesome, think im misunderstanding that if I am the main driver this means I will be the policy holder. I think I will have to get quotes for myself and add my mum n dad to it. I just hope the prices aren't ridiculous!

Also whilst iv been on my dads policy I think I have been building no claims bonus up but not sure, need to check that also.

Where are the best places to start for insurance for someone my age for this sort of car? I just want a decent price!

unless I can add my own policy through my dads insurance provider which is esure I believe, would this necessarily give a better price as he has his car insured with them too?
Click to expand...

It is very rare that you build no claims while as a named driver, unfortunately. But some good companies will acknowledge this and providing you have had no accidents whatsoever, may give you some NCB for free to help you out as someone has previously said.

I am insured with Elephant, part of Admiral. I went direct to them, there was a £1000 markup over what I had with the same companies through compare the market!! My quote was £2600 (19 with 2 years NCB). My parents cancelled their policies and joined admiral on a multi car policy, totally separate policies but basically I've just been given a £900 discount for introducing them. So that's definitely something worth looking into.
 
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Quite interesting actually. Just been googling lots of stuff and you can indeed be the Policy holder but not be the main driver. It seems that insurers want policy holders to be the registered keeper but then can be 2nd drivers. I read a question on google where a chap was using his NCB for his policy as 2nd driver but with his gf as main driver.it wasn't "fronting" as the insurers knew about it and agreed. Interesting.

I think this is what you meant in your posts correct @AudiEnthusiast ? Think I misunderstood you before as did a few others!! Doesn't seem a normal way of doing insurance but it seems legal!
 
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Iv noticed being only 23 because the value of the car is £33k+ a lot of insurers especially specialist will not insure the car
 
Milnesafc said:
I'm the registered owner on mine however as I've only had my license 3 months my partner is the policy holder and down as the main driver.
Click to expand...

And that's all well and good if your partner genuinely is the main driver. That would be perfectly legal so long as the insurance company has all the facts, though it carries the downside that you are not building an independent NCD.

But if it is you who, in fact, does more miles in the car then you are breaking the law. If you have an accident the insurance company will investigate and when they discover that you are the main driver.....

They will not pay any of the costs for damage to your car.

They will pay for the third party costs but then will sue you for recovery of the money.

They may report you and you will likely get a fine, a ban and a criminal record.

It is never, ever worth the risk lying to your insurance company. Never.
 
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I second the comments above as I have an A3 of which I am owner and normally the main driver. I have recently agreed with direct line that my daughter goes on as a named driver and becomes the main user for three months while she waits for her A1 to be delivered. As you would expect I had to pay for that change but it was not a problem to do and seems to be a frequent change. This is of course completely different from fronting but if I was the OP father I would contact the insurance company and see if what he proposes is acceptable. In my opinion I think it will be, although at a cost and as already said some do now allow named drivers to also gain NCB, so worth asking about that as well.
 
AudiEnthusiast said:
Hi All,

Im close to ordering a new 2017 S3 Saloon, but have a quick question on insurance.

I do not have my own policy, this is held by my father however he recently got a quote and I will be one of the named drivers on the car.

Is this all ok? I don't think my father mentioned that the car will be brought on finance, of which the finance will be coming from me.

Iv heard something about registered keeper and owner and just want to make sure everything is all ok before I go ahead.

Besides this im super excited to put my order in im looking at the following spec:

S Tronic
Navarra Blue
Super sports seats
Tech Pack Advanced

Cheapest monthly quote via PCP iv got is £389.2 pm which I don't think is to bad. This is based on 9k annual miles and 4K deposit.

Cheers,
Click to expand...
The finance company are the legal owner, you are just the registered keeper. That's 100%, as I asked Audi finance when I got mine about that part, you just put private lease when it asks. But be very careful with the insurance, if the car is in your name and the finance is in your name, don't try to kid the insurance company!!! That would be asking for trouble.

For the sake of a few minutes, try doing a quote fully in your name and add your dad as a named driver.
 
My name is on the finance agreement on my wife's car and I'm the registered owner on the V5. However, she has her own insurance policy declaring all this and that it's on a PCP and I'm only a Named driver.
As said above, never worth trying to pull a fast one with insurance companies.
 
Satory said:
And that's all well and good if your partner genuinely is the main driver. That would be perfectly legal so long as the insurance company has all the facts, though it carries the downside that you are not building an independent NCD.

But if it is you who, in fact, does more miles in the car then you are breaking the law. If you have an accident the insurance company will investigate and when they discover that you are the main driver.....

They will not pay any of the costs for damage to your car.

They will pay for the third party costs but then will sue you for recovery of the money.

They may report you and you will likely get a fine, a ban and a criminal record.

It is never, ever worth the risk lying to your insurance company. Never.
Click to expand...
I would love to know how they would intend to prove who's done the most miles on the car, I don't even know. I put her down as she often runs the kids about, probably does slightly more however I'm not going to sit and clock how many miles we each do.
 
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Milnesafc said:
I would love to know how they would intend to prove who's done the most miles on the car, I don't even know. I put her down as she often runs the kids about, probably does slightly more however I'm not going to sit and clock how many miles we each do.
Click to expand...

It's an interesting point, because what are the exact definitions of main and named drivers...?

I suspect what makes your situation very risky is that your car is (I think) on a PCP under your name? Also, it wouldn't take them long to see that your GF is a lower insurance risk than you. I suspect this would be all they need to have grounds to reject any claims should you have an accident, and your insurance will subsequently be voided. I wouldn't even want to begin to think what impact this will have on you....potentially owing thousands in costs, conviction based on insurance fraud and even 6 points and a driving ban....of course this is an extreme scenario, but not impossible. Doesn't seem worth it for the extra cost in the premium?

I could be completely wrong...but personally that sort of risk is just far to great for me to ever personally be comfortable with. But then I am particularly risk averse...
 
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DrEskimo said:
It's an interesting point, because what are the exact definitions of main and named drivers...?

I suspect what makes your situation very risky is that your car is (I think) on a PCP under your name? Also, it wouldn't take them long to see that your GF is a lower insurance risk than you. I suspect this would be all they need to have grounds to reject any claims should you have an accident, and your insurance will subsequently be voided. I wouldn't even want to begin to think what impact this will have on you....potentially owing thousands in costs, conviction based on insurance fraud and even 6 points and a driving ban....of course this is an extreme scenario, but not impossible. Doesn't seem worth it for the extra cost in the premium?

I could be completely wrong...but personally that sort of risk is just far to great for me to ever personally be comfortable with. But then I am particularly risk averse...
Click to expand...
Sorry but I don't get how I could be convicted of obtaining insurance fraudulently?

I provided all the information to the insurance company stating that I owned the car, I said my partner was the main driver, I'm a named driver on the insurance, she's the policy holder. All of the information is correct.

If I were to have an accident how would they reject any claims based on this when they've insured me based on the information I've provided?

Sorry mate but I think your talking utter rubbish.
 
Scottyg said:
My name is on the finance agreement on my wife's car and I'm the registered owner on the V5. However, she has her own insurance policy declaring all this and that it's on a PCP and I'm only a Named driver.
As said above, never worth trying to pull a fast one with insurance companies.
Click to expand...
Same as me then, I'm the owner, she's the policy holder and main driver, I'm a named driver. Not sure why people are getting so worked up about it and accussing people of committing insurance fraud :wtf:
 
Milnesafc said:
Sorry but I don't get how I could be convicted of obtaining insurance fraudulently?

I provided all the information to the insurance company stating that I owned the car, I said my partner was the main driver, I'm a named driver on the insurance, she's the policy holder. All of the information is correct.

If I were to have an accident how would they reject any claims based on this when they've insured me based on the information I've provided?

Sorry mate but I think your talking utter rubbish.
Click to expand...

I'm just coming from the perspective that insurance companies will naturally always look for ways to avoid paying out for a claim. Perhaps I am being unfairly cynical, but it's easy to see why they would.

Now lets say you have an accident and it causes a fair amount of damage to both your S3 and a third party. You put in the claim and the first thing the company will notice is you're the named driver. Of course it's perfectly acceptable that you had the accident during the infrequent times you drive it compared to your GF, but as mentioned above, the insurance company might do a little bit of digging to see if there is anything to prevent them from paying out on your claim.

First thing they will notice is that you are young with a high performance car....their ears may perk up....next they look into the finance agreement and see you are the one named on the finance...bit odd that you are paying for a expensive car that your GF predominately uses....

As you say, if your GF is indeed the main driver of the car then there is absolutely no issue, but I'm just speculating about how an insurance may see your circumstances.

Sorry I think my previous post was misunderstood! I am certainly not accusing you of anything, just saying it's always good to be as upfront as you can be when it comes to insurance, particularly a young lad with a high performance car! I imagine its a fairly common thing for people in your position that's all. :)
 
Here's what my wife's insurance asks and the answers.
IMG 0083
 
DrEskimo said:
I'm just coming from the perspective that insurance companies will naturally always look for ways to avoid paying out for a claim. Perhaps I am being unfairly cynical, but it's easy to see why they would.

Now lets say you have an accident and it causes a fair amount of damage to both your S3 and a third party. You put in the claim and the first thing the company will notice is you're the named driver. Of course it's perfectly acceptable that you had the accident during the infrequent times you drive it compared to your GF, but as mentioned above, the insurance company might do a little bit of digging to see if there is anything to prevent them from paying out on your claim.

First thing they will notice is that you are young with a high performance car....their ears may perk up....next they look into the finance agreement and see you are the one named on the finance...bit odd that you are paying for a expensive car that your GF predominately uses....

As you say, if your GF is indeed the main driver of the car then there is absolutely no issue, but I'm just speculating about how an insurance may see your circumstances.

Sorry I think my previous post was misunderstood! I am certainly not accusing you of anything, just saying it's always good to be as upfront as you can be when it comes to insurance, particularly a young lad with a high performance car! I imagine its a fairly common thing for people in your position that's all. :)
Click to expand...
Fair enough mate.

Not young like, 30 years and feel every day of it.

I've gave them all the information mate, can't really do anymore. Made sure all optional extras a listed etc. If something does ever happen and they try to get out of paying it won't because I've gave them incorrect information.

Apologies for being arsey, long day at work and 3 hours cleaning the car - ready for bed.
 
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Milnesafc said:
Same as me then, I'm the owner, she's the policy holder and main driver, I'm a named driver. Not sure why people are getting so worked up about it and accussing people of committing insurance fraud :wtf:
Click to expand...

But I don't drive the car, you have said you do drive it. Is it most of the time or just occasionally??
 
Milnesafc said:
Fair enough mate.

Not young like, 30 years and feel every day of it.

I've gave them all the information mate, can't really do anymore. Made sure all optional extras a listed etc. If something does ever happen and they try to get out of paying it won't because I've gave them incorrect information.

Apologies for being arsey, long day at work and 3 hours cleaning the car - ready for bed.
Click to expand...

Nah my post was poorly worded...my apologies.

Ah I think I'm confusing you with another member...! I thought you were one of these young guns...ignore my post :p I can't imagine it will get scrutinised as closely..

3hrs cleaning the car....I'm jealous now!
 
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DrEskimo said:
Nah my post was poorly worded...my apologies.

Ah I think I'm confusing you with another member...! I thought you were one of these young guns...ignore my post :p I can't imagine it will get scrutinised as closely..

3hrs cleaning the car....I'm jealous now!
Click to expand...
Ha ha if it wasn't freezing outside I wouldn't have minded. Need a full clean inside and out, glad it's done!
 
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