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First car-joint ownership and insurance
My sons are aged 19 and 17, have now both passed their driving tests and are in the market for their first car.
This will be a small used car, probably 6-7 years old and around £4000 in value.
My questions are:
1) Is it feasible/advisable to have the car in joint ownership between them?
2) How can I make their insurance cover (legally) the cheapest (they have never been insured before)?
Do you advocate 'telemetric black boxes' for this purpose?
This will be a small used car, probably 6-7 years old and around £4000 in value.
My questions are:
1) Is it feasible/advisable to have the car in joint ownership between them?
2) How can I make their insurance cover (legally) the cheapest (they have never been insured before)?
Do you advocate 'telemetric black boxes' for this purpose?
Asked on 20 February 2013 by NightTrain
Answered by
Honest John
1) No. 2) Yes, telematics. Links at the bottom of this directory: www.honestjohn.co.uk/useful-websites/tax-insurance.../
We give you the low down on how to save on insurance, little-known tricks and tips, what insurance groups mean and how to use insurance aggregators to beat insurers.
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