ok guys, tell me what you think to this senario, i dont want judging, just advice.
4 years ago i lost licence for drinking (i know, bad lad)
last 3 years insurance has been 2k but somehow come renewal time i have always had the money to pay, until this year! i havent got 2k and cant really afford £200 a month for insurance! (new baby and wedding to pay for) and i only have 1 more year to declare the conviction!
oh and also the last few years, the car has been in my partners name and me as a named driver (and its still that much!!)
soooo i though how about if my mrs cancels the insurance this year so my lex is taxed and mot'ed, but not insured, i then go and buy a £50 1.0 banger and insure it for £700 fully comp. the policy says i can drive any other car 3rd party with owners permission. see below:
Use for social, domestic and pleasure purposes.
EXCLUSIONS - The policy does not cover
Use for commuting, any business purposes, any purpose in connection with the motor trade, carriage of passengers or goods for hire or reward, or for hiring, racing, competitions, rallies, trials, pace-making or speed testing.
The policyholder may also drive a motor car not belonging to the policyholder and not hired to the policyholder under a hire-purchase agreement or leased to the policyholder under a leasing agreement, provided that;
The policyholder has the owner's permission to do so; and
the policyholder still has the vehicle identified above by its registration mark and it has not been damaged beyond economical repair nor been stolen and not recovered; and
the motor car is registered within the UK; and
the policyholder is not using the motor car outside of the UK; and
the policyholder is not insured under any other insurance to drive the motor car.
ok so i know if i crashed the lex, i would lose out completely but at least everyonew else wwould be covered and im willing to take the risk for a year!
is this legal cus i cant see anything that says i cant do it??