Insurance & no claims juggling

MrRockliffe

MrRockliffe

MrRockliffe

Soldato
Joined
14 Apr 2014
Posts
7,992
Location
Hampshire
Hi all

Hoping someone might have some similar experience.


Situation:


I've got a car, which I'm looking to sell. Insurance renews in May. I'll be selling it before then.


This weekend, I'm going to look at a car for my other half - we'll be getting it subject to condition etc.


She doesn't drive yet - the car is for me to use until she can drive/I get my next car. Therefore, it'll be insured by me.



I want to retain my no claims, as I've already lost 2 years from swapping insurers at the 10 month mark twice due to them not insuring the new car.



Recap:

Current Car A - Insured till May, but will be sold before then.
New Car B - collecting this weekend, and it'll need insuring immediately.

Keeping my NCB is the main challenge.




What's the best way forward?


Thanks in advance
 
Just carry on with your main car insurance till May and insure the second car with an insurance company that will honour the NCB you have already accrued, as some do although some dont
 
Bear said:
Just carry on with your main car insurance till May and insure the second car with an insurance company that will honour the NCB you have already accrued, as some do although some dont
Click to expand...

The thing is, though, I'm selling the car before May, so I'll need to cancel the insurance for it.

But I can't cancel it yet, as it needs to be insured.
 
Swap the insurance from Car A to Car B and then take out a temporary cover on Car A.
 
There isn't a cheap way of doing this to be honest - you can only use your earned no-claims bonus on one vehicle at a time so unless you can find an insurer that will give you an introductory discount equivalent to your existing bonus, you are snookered!
 
Last edited:
StevieP said:
There isn't a cheap way of doing this to be honest - you can only use your earned no-claims bonus on one vehicle at a time so unless you can find an insurer that will give you and introductory discount equivalent to your existing bonus, you are snookered!
Click to expand...
dLockers said:
Take a full year with favourable cancellation terms maybe?
Click to expand...

Had a right result.

New car on my existing policy, as you recommended @dLockers and then put my S5 on temporary cover with the same insurer.

£180 back and the temporary cover for the S5 is coming back as no charge! They're not sure why, but they said don't question it :p


It means I'll keep my NCB and I'll get some cash back.


Edit: didn't check temp insurance with my current insurer as didn't think they'd do it
 
Last edited:
An insurer offering favourable terms!?

Which insurer was it? It'd be nice to know one that doesn't dick you over when circumstances change.
 
You must log in or register to reply here.
Back
Top Bottom