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Simon Jones white clock learner driver1 minute read Car Sharing

What is Car Sharing Insurance?

What is Car Sharing Insurance and who is it for? Find out how this flexible, on-demand, temporary cover can help you out when you need a car.

Simon Jones

Car sharing insurance is affordable, short-term, standalone cover that sits alongside a car’s annual insurance policy. It allows you to borrow a friend or family member’s car on a temporary basis, from one hour up to 60 days.

This is super useful if you just need to pick up someone from the airport, borrow mum’s car when you’re home from uni, or get away for a last-minute weekend break. So basically temporary car insurance is perfect for anytime you need to use a car!

Cover can be bought up to 60 days in advance. Or it can start instantly. Up to you! It’s the perfect choice for any time you need to borrow a car.

Who can use car sharing insurance?

We cover drivers with full GB licences from 17 years old and up.

We know that car ownership can be expensive. Car sharing can be a cost-effective option for those who can’t justify the cost of buying a vehicle. Especially if they don’t need to use one regularly.

Eyeing up your parent’s convertible MG? Steady on… For more powerful or expensive cars we may restrict cover based on age. But it’s easy enough to check.

What level of cover is provided?

Whether you’re the one lending out your car, or the person doing the driving, it’s important to know that you’re always covered when using Veygo temporary car insurance!

That’s why we provide fully comprehensive cover. This is the maximum level of cover you can get. It means you’re covered for damage to your car and to other people’s cars. It also covers injuries to those involved.

So, if the car’s yours, you can feel safe in the knowledge that it’s covered up to the current market value if the borrower needs to make a claim.

Does the car need to already have insurance?

Yep, the car needs to have its own annual policy in place for car sharing insurance to be valid.

The owner doesn’t need to be an Admiral customer though. You can use car sharing insurance regardless of which company provides the main insurance policy, as long as it’s not a trader’s policy. This is unlikely to apply to you unless you work in the motor trade business.

If you’re the borrower, we provide you with your own policy, which sits alongside the existing policy. This means that if you do need to make a claim, the owner’s policy won’t be affected, and neither will their no-claims bonus. Additionally, as the driver, you can even earn your own no-claims bonus. You’re welcome.

When can I use car sharing insurance?

Car sharing insurance can be used whenever you need to borrow your workmate, friend or family member’s car. If you’re home from uni for the holidays, it’s the perfect way to catch up with friends, or work a few shifts to pay off that expensive social life.

Or maybe you want to split a long journey. Perhaps they need driving around as they’re injured / unwell / hungover. In any case, cover’s available from one hour to 60 days, and can be bought instantly… So the possibilities are more-or-less endless!

So with all these benefits, why not opt in and get yourself some of Veygo’s temporary car insurance?

Can I lend my car to a friend?

Lending your car to a friend is a lovely thing to do and requires a good deal of trust. It’s your pride and joy after all, and you want it to be taken care of.
The same applies if you’re the one borrowing a car from a friend. It’s not something to be taken for granted.
So what are the rules regarding lending out your car? This varies depending on the country you’re in. Here, we’re going to look solely at the rules in the UK.
Some of the rules are as you’d expect. Your friend must have a valid driving licence and be licensed to drive the car in question. For example, if their licence permits them to drive an automatic vehicle only, then you won’t be able to lend them your car if it has a manual transmission.
Another important thing to bear in mind is that they must be insured to drive the vehicle. This is the case no matter how short the trip. Even if they’re just popping to the shops and back, they need valid insurance to make the trip.
One way of doing this is to add them as a named driver to your policy. This will involve contacting your insurance provider with your friend’s details, and will probably incur a charge.
The other way to do this is for them to take out a temporary car insurance policy. One of the main advantages of this is that your no-claims bonus (NCB) won’t be affected if they have a ding. Whereas if they’re a named driver on your policy and crash the car, this is likely to affect the cost of your insurance in future – even though you weren’t driving at the time.
To cover situations like this, Veygo offers comprehensive temporary cover for drivers. It’s super-easy to apply and can cover your friend short term!
You can apply for temporary car insurance here. There are a few criteria to meet, but provided you can check all the boxes, your friend can be on the road with short-term cover within minutes.
Simon Jones

Worked for short-term car insurance provider Veygo for over 3 years. Been involved in building insurance products for learner drivers and people looking for temporary cover on cars, then telling the world about them through marketing campaigns. Also drive a bit myself, mainly my son around where ever he needs to go.

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