Changing the name of the moped insurance company: sensible 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 one 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 whether you can take out moped insurance in another name. At Alpina.nl we will 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 notice that young drivers (up to 24 years) are more often involved in damage. Of course they also have less driving experience. When insuring a young driver the insurer takes more risk. When calculating the premium, the insurer also looks at the risk they run. The higher the risk, the higher the premium. To make sure the insurer can bear the cost of claims, the premium for moped insurance is higher for younger drivers. For young drivers this is of course a shock. Especially because they do not have any claim-free years and therefore do not receive a premium discount.
Can I take out moped insurance in my parents' name?
Taking out moped insurance in another name is a common solution. In practice, however, this does not work. When taking out the insurance, the date of birth of the youngest driver of the moped is asked for. Here the date of birth of the son or daughter must be mentioned. On this basis, the insurer will then calculate the premium. Sometimes, in order to reduce the premium, no honest answer is given to the question. However, if this is discovered by the insurer it is considered as insurance fraud. This is because you deliberately provide false information to the insurer. Committing insurance fraud, however small and innocent it may seem, can have major consequences.
What are the consequences of a moped insurance in another name?
Taking out moped insurance in another name can also be disadvantageous. If it turns out that the correct details have not been provided when applying for the policy, the insurer may charge an increased excess in the event of damage. In case of fraud the insurer may also refuse to reimburse the costs.
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 submit a claim, the insurer can perform a check at Stichting CIS. What the insurer does with this information differs per case and per company. It is usually the case that with a CIS registration you will not be accepted by a regular company. Finally, it has negative consequences for the building up of damage-free years. If the moped insurance is not in your name, you will not build up any 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 purchase 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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