Insuring two cars...

SlyReaper · 2 Jul 2015 at 18:24

So, some questions about insuring two cars, because it seems a bit ambiguous.

First of all, I never realised NCB applied to cars, not the driver. Turns out you can only apply NCB to one car at a time? So, I'm buying a new car and intend to keep the old one for nostalgia's sake. Can I transfer the 6 years NCB to the new car?

Secondly, if I only get fully comprehensive cover on the new car, will I have third party cover on the old one by default? With the "drive other cars" rule? Or does that only apply to cars you don't own? I ask because my old car is worthless and I don't need fully comp on that one.

Jumper118 · 2 Jul 2015 at 18:37

your ncb is for the driver, not the car. fully comp is normally cheaper than third party.

skaif · 2 Jul 2015 at 18:40

As far as I'm aware NCB can only be used on 1 car at a time though as stated in OP?
I would also be interested in seeing what the cheapest solution would be. OP have you looked into multi car policies?

mikeh501 · 2 Jul 2015 at 18:41

You can only use your ncb against one car. Those multi car policies might be different.

I have my ncb on my daily driver and the toy weekend car is on a restricted mileage policy which is really cheap.

Agree its crazy it doesn't follow the driver.

Jumper118 · 2 Jul 2015 at 18:44

it won't matter which car you have ncb on as if you crashed either of them and claim you would lose your ncb. also if you have 2 cars, you still only get 1 year you dont get a year for each car.

rodenal · 2 Jul 2015 at 18:46

Most companies will mirror it onto a second car - as above tho prang one and the loss will be mirrored too

Mucky_Pup · 2 Jul 2015 at 19:03

Jumper118 said:
it won't matter which car you have ncb on as if you crashed either of them and claim you would lose your ncb. also if you have 2 cars, you still only get 1 year you dont get a year for each car.

Pretty sure;

If you're insuring 2 cars with separate companies, say one has 5 years no claims, and one has 2 years no claims, if you make a claim on the 2 year no claims policy, you'd only lose NCB on that policy, you'd still have 5 years on your other policy. Only difference is you'd have a claim on file so, would have to declare that, and while still having the 5 years no claims, you'd be declared a higher risk, but still get 5 years worth of no claims discount on the first policy.

And again if you're using two companies you can accrue no claims bonus side by side.

Don't think it'll work that way if you mirror your NCB and insure both cars with the same company though.

rodenal · 2 Jul 2015 at 19:14

Correct on both counts, you'll find the fact you've had an accident has far more impact than the loss of no claims unless you're back to zero tho

Hyburnate · 2 Jul 2015 at 19:17

Check out multicar discounts.

NCB can only be used on one car at a time, however you should be able to protect your NCB.

No you can't insure one car fully comp and drive the other third party as the car needs insurance in the first place for it to count as third party.

TripleT · 2 Jul 2015 at 19:19

And no you won't be able to drive the other call third party sadly. There are usually some stipulations such as the other car has to be fully insured and not owned by you etc

SlyReaper · 2 Jul 2015 at 19:22

I had a reasonable quote from Admiral's multicar thing. But that was with me putting my 6 years NCB on the new car, and 0 on the old car. Obviously, I earned those 6 years on the old car. Is that kosher?

rodenal · 2 Jul 2015 at 19:27

Yep - but just phone and ask them how much to add the other car to your policy mirroring the no claims.

It's not something out of the ordinary or dodgy

Hyburnate · 2 Jul 2015 at 19:27

SlyReaper said:
I had a reasonable quote from Admiral's multicar thing. But that was with me putting my 6 years NCB on the new car, and 0 on the old car. Obviously, I earned those 6 years on the old car. Is that kosher?

Yep that's completely kosher, you own those 6 years NCB, whichever car you wish to put them on is your choice.

Aeleys · 2 Jul 2015 at 19:40

It's ridiculously expensive (for me).... good luck either way

sovietspybob · 2 Jul 2015 at 19:55

If you phone up the companies they can actually usually mirror some of your NCB, initially when i bought a 2nd car i had about 6 years NCB so i kept that on my 'fun' weekend car and they mirrored 2 years NCB onto my new week day hack car which as it was only a cheap car anyway made it buttons to insure.

Then after the first year you'll have 2 certificates, one saying 7 years NCB and another saying 3 years NCB which you can take to whom ever will give you the cheapest price next time.

SlyReaper · 2 Jul 2015 at 20:05

It's the other way around for me. My old car is worth less than the contents of its fuel tank, but I still want to keep it going. The new one is actually new. As in 15 plate. It's also a bit of a hoon-mobile. So I think I'll stick all the NCB on that one.

Jumper118 · 2 Jul 2015 at 20:39

Mucky_Pup said:
Pretty sure;

If you're insuring 2 cars with separate companies, say one has 5 years no claims, and one has 2 years no claims, if you make a claim on the 2 year no claims policy, you'd only lose NCB on that policy, you'd still have 5 years on your other policy. Only difference is you'd have a claim on file so, would have to declare that, and while still having the 5 years no claims, you'd be declared a higher risk, but still get 5 years worth of no claims discount on the first policy.

And again if you're using two companies you can accrue no claims bonus side by side.

Don't think it'll work that way if you mirror your NCB and insure both cars with the same company though.

ok that is strange. i hate insurance. its so confusing and expensive.

blitzwing85 · 3 Jul 2015 at 08:33

I insured my 2nd car through the same company as the 1st - I checked around for loads of prices but going multi-car with allianz worked out a lot cheaper. They didn't particularly list it as a multi-car policy but I got a large discount regardless.

NCB from all my previous years driving was applied to both vehicles, but both are on separate policies taking out at different times.

When initially getting quotes, insuring a 2nd car with a different insurance company would still apply my full NCB of 10 years (or whatever their maximum offered was). It would not have started at 0 because it was a 2nd car.

Not sure if it differs between companies but that's what I found with every company I received a quote with.

Jester* · 3 Jul 2015 at 08:47

In my situation I have 2 cars on 2 policies with different companies.

My NCB Discount was mirrored onto the second car as long as I submitted proof of the original NCB.

Multi Car prices were not cheaper for me than 2 separate policies.