Can You Be A Named Driver On Two Insurance Policies?

The Basics Of Named Driver Insurance

Named driver insurance is a popular choice for many people when it comes to car insurance. It is a type of policy that allows an individual to be added as an extra driver to a car insurance policy. This driver is then able to use the vehicle with the same cover as the policyholder. This can be beneficial for a variety of reasons, but the most obvious is that it is a more cost-effective way of providing cover for a vehicle. It also means that the person who is the named driver does not have to go through the process of taking out their own policy and can simply be added to an existing one.

Can You Be A Named Driver On Two Insurance Policies?

The simple answer to this question is yes, you can be a named driver on two insurance policies. However, there are a few points to consider before doing so. Firstly, it is important to be aware that being a named driver on two policies can be seen as a risk factor by insurers. This is because it suggests the driver is using two vehicles, which could lead to an increased risk of an accident. As such, the premiums for the policies may be higher than if the driver was only named on one policy.

Secondly, it is important to ensure that both policies are with different insurers. If both policies are with the same insurer, then this could be seen as double insurance, which is illegal in the UK. In addition, if the individual has an accident while driving both vehicles, then the insurance company may only pay out for the one policy, as the driver was already insured for the other vehicle.

Benefits Of Being A Named Driver On Two Policies

While there are risks associated with being a named driver on two policies, there are also some potential benefits. For example, if the driver is a young person, then being added to two policies as a named driver could help to reduce the cost of the premiums. This is because the insurer may be more likely to offer a discount for the additional policy, as the driver is seen as being less of a risk.

In addition, being a named driver on two policies could also help to build up a no-claims discount with each insurer. This can be beneficial, as the driver would then be able to take advantage of the no-claims discount when they take out their own policy in the future.

Risks Of Being A Named Driver On Two Policies

As mentioned previously, there are some risks associated with being a named driver on two policies. Firstly, as mentioned, the premiums for the policies could be higher as the insurer may view the driver as a higher risk. Secondly, the driver may be unable to build up a no-claims discount with one of the insurers if they have an accident while driving both vehicles.

It is also important to remember that being a named driver on two policies does not mean that the driver automatically has cover for both vehicles. Each policy will need to be checked to ensure that the driver has the correct cover for the vehicle they are using.

Final Thoughts

In conclusion, it is possible to be a named driver on two insurance policies; however, there are a few points to consider before doing so. Firstly, the premiums for the policies could be higher, and secondly, the driver may not be able to build up a no-claims discount with one of the insurers if they have an accident while driving both vehicles. It is important to ensure that the driver has the correct cover for the vehicle they are using, and also to ensure that the policies are with different insurers to avoid double insurance.