Donate claim-free years to your children: is this possible?
Claim-free years accrue when you have a vehicle insured in your name. Young drivers already pay more for car insurance than experienced drivers, and on top of that, they have no accumulated claim-free years. Is it possible to give your children accrued claim-free years?
What are claim-free years?
Claim-free years are built up on the basis of the claim-free insurance years of motorised vehicles. Every year that you drive without a claim, you get an extra discount on your insurance premium. The higher the number of claim-free years, the more discount you will receive. Do you claim a loss on your insurance other than windshield damage, fire damage, theft or storm damage? Then you will lose more claim-free years. How many claim-free years you lose depends on the bonus/malus table that the company uses. Claim-free years can only be used for discount on one policy at a time and are released when the insurance is terminated. Claim-free years built up on a scooter insurance cannot be used as discount on your car insurance or motorbike insurance.
Claim-free years are personal
It is not common for accumulated claim-free to be transferred to another person, but it is possible in the following cases:
- From partner to (ex-)partner.
- Company with the same owner or employee listed on the policy as the regular driver.
- Parents to son/daughter, if they are already registered on the policy as regular drivers.
Claim-free years transferable since 1-1-2022
Since 1 January 2022, claim-free years are transferable in certain situations. In case of death for example, they can be transferred to the surviving partner. Also for lease drivers and drivers who have lived abroad for years, it is now possible to transfer the claim-free years. This way, they do not lose their accumulated claim-free years. In our blogpost you can read more about this new regulation.
When is a regular driver?
Insurers ask for the regular driver when insuring a car. This is the person who drives the car most often. The premium is based on the regular driver. This is usually the owner, but not necessarily. For example, if your son or daughter of 18 years old uses your car most often, this is the regular driver. Because the regular driver in this case is a novice driver, the premium will be higher than when an experienced driver is declared as the regular driver. Some people therefore choose to declare an older person as a regular driver, but this can have major consequences. It can lead to a lower compensation or even no compensation at all if it turns out that the application was not completed truthfully.
High premiums for inexperienced drivers
Despite the fact that young people in general pay more for their car insurance, there are big differences between the premiums of insurance companies. Therefore, you can compare the premiums of several insurance companies to ensure that you are not paying too much. Only a few details are required in order to make a comparison. Make a comparison now.
Related pages about claim-free years
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