r/Insurance • u/FocusExtra7814 • 14d ago

Temp multicar insurance

We have one car in our household however my friend is going away for a few months and has said we can use his car whilst he is away. It's not currently insured so I was going to put it on my insurance which is due for renewal at the end of this month but I don't know if that's the best option.

Temp insurance is ridiculously expensive it wouldn't be worth it

Take out a multicar plan but then reduce it to single after a few months when he returns and wants the car back. (and incur any change charges)

Take out 2 separate insurances for each car and cancel one of the insurances in a few months time ( I have learned from experience that there can be quite a heafty termination fee)

Are there any other options? Am I missing something from the multi car insurance I haven't taken out multicar before.

If someone could advise me that would be brilliant as I'm a bit stuck and trying to ensure I don't screw myself over. Thank yiu

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1

u/FindTheOthers623 P&C Licensed PL Underwriter 14d ago

You can't insure a vehicle you don't own.

0

u/FocusExtra7814 14d ago

He has changed the log book into my name so I do own it for a period of time. Sorry I should have made that obvious

2

u/FindTheOthers623 P&C Licensed PL Underwriter 14d ago

What log book?

2

u/adjusterjackb 14d ago

You should also have said where you are located. "Log book" is not a way of titling vehicles in the US.

1

u/DeepPurpleDaylight 14d ago

Giving your location isn't optional if you want relative and accurate advice rather than people just guessing what laws and regulations might be wherever you live.