Taking out moped insurance in another name: wise or not?
If you own a moped, you are required to have at least third-party moped insurance. Often, the owner of the vehicle is also the person who takes out the insurance. For one person, however, the premium is (considerably) higher than for another. This is partly due to the coverage you choose, your accumulated claim-free years and your age. Have you calculated the premium for motorcycle insurance and is the premium disappointing? Then you may wonder if you can take out moped insurance in another name. At Alpina.nl we tell you whether this is wise or not.
Why do young drivers pay more for moped insurance?
Young drivers often pay more for their moped insurance than older, more experienced drivers. This is because insurers find that young drivers (up to age 24) are more likely to be involved in claims. Of course, they also have less driving experience. So when insuring a young driver, the insurer runs more risk. When calculating the premium, the insurer also looks at the risk they run. The higher the risk, the higher the premium. Therefore, to ensure that an insurer can bear the burden of claims, the premium for moped insurance is higher for younger drivers. For young drivers this is of course a bit of a shock. Especially since they often do not have any claim-free years and therefore do not get a premium discount.
Can I purchase moped insurance in my parents' name?
Taking out moped insurance in another name is then a common solution. In practice, however, this does not work. When taking out the insurance, you are asked for the date of birth of the youngest driver of the moped. Here, however, the son or daughter's date of birth must be mentioned. Based on this, the insurer will then calculate the premium, Sometimes, to keep the premium down, no honest answer is given to the question. If this is discovered by the insurer, however, it is considered insurance fraud. This is because you are deliberately giving false information to the insurer. Committing insurance fraud, no matter how small and innocent it may seem, can have major consequences.
What are the consequences of having moped insurance in another name?
Taking out moped insurance in another name can also be disadvantageous. If it turns out that the correct information was not provided at the time of application, the insurer may charge an increased deductible in the event of a claim. In case of fraud, the insurer may also refuse to reimburse expenses.
In addition, you may be registered by the insurance company with the CIS Foundation. CIS stands for Central Information System. Insurance companies can consult CIS to obtain, store and exchange information about their customers. When you apply for insurance or file a claim, the insurer may check with Stichting CIS. What the insurer does with this information varies from case to case and company to company. Usually, with a CIS registration, you will not be accepted by a regular company. Finally, it adversely affects the accumulation of claim-free years. If the moped insurance is not in your name, you also do not accrue claim-free years. So it is very unwise not to mention the youngest driver when applying.
Take out moped insurance directly through Alpina
At Alpina.nl , you can compare and take out moped insurance within minutes. After entering your details and desired coverage, you will get a handy overview of all moped insurance policies that meet your needs. Here you can select the cheapest and best moped insurance. So you can immediately be well insured on the road. Do you have any questions? Please contact us! Our insurance specialists will be happy to help you.
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