Could I...

helpimcrap · 13 Mar 2017 at 16:15

Have 2 insurance policies for separate vehicles?

One with all my no claims and another always with zero?
Do I have to go multicar?
My insurance is cheap on either but together it's more...
Got a great quote from one for the Porsche but as I ask about another car he says it's not worth it.

sovietspybob · 13 Mar 2017 at 16:22

Yeah no reason why not, i have 3 separate insurance policies in my name for 3 of my cars. Each just builds up their own no claims. Tended to work out cheaper for me to insure them individually.

Armageus · 13 Mar 2017 at 16:23

Yes you can have 2 separate policies for 2 separate vehicles.

You build separate no claims trails on each.

Conscript · 13 Mar 2017 at 16:37

Somewhat related question...is it possible to have two policies on your name, on the same car active at the same time? As long as you didn't claim on the both I can't see it being an issue.

Armageus · 13 Mar 2017 at 16:42

Conscript said:
Somewhat related question...is it possible to have two policies on your name, on the same car active at the same time? As long as you didn't claim on the both I can't see it being an issue.

No you can't have two policies that both cover the same car - as there would be a conflict of interest as to who should pay out in the event of a claim?

Conscript · 13 Mar 2017 at 16:48

Armageus said:
No you can't have two policies that both cover the same car - as there would be a conflict of interest as to who should pay out in the event of a claim?

I didn't think it would matter because in the event of an accident you'd give details of only one insurer. But yes, you're right, I guess if someone tried to report a claim using your reg number it would cause problems.

Musings over. As you were.

helpimcrap · 13 Mar 2017 at 17:58

Cheers all. Something to look into.

muon · 14 Mar 2017 at 00:02

Conscript said:
Somewhat related question...is it possible to have two policies on your name, on the same car active at the same time? As long as you didn't claim on the both I can't see it being an issue.

It would break the T&Cs of both policies would result in a complicated claims procedure.

e.g. Admiral

7. Dual insurance
We will not pay any claim if any loss, damage or liability covered under this policy is also
covered wholly or in part under any other insurance except in respect of any excess beyond
the amount which would have been covered under such other insurance had this policy not
been effected.

Firestar_3x · 14 Mar 2017 at 10:02

Armageus said:
No you can't have two policies that both cover the same car - as there would be a conflict of interest as to who should pay out in the event of a claim?

You can, who is going to stop you? I've had overlapping cover on some cars in the past.

Armageus · 14 Mar 2017 at 10:04

Firestar_3x said:
You can, who is going to stop you? I've had overlapping cover on some cars in the past.

All fine until you try and make a claim and they check the insurance database I would imagine?

Semple · 14 Mar 2017 at 13:23

How does that work for renewals?

I.e. my insurance is due to lapse on the 16th around Midday.

When i set up a new insurance policy, it asks when i'd like to start the policy - (16th as i need to drive home later that day), it doesn't ask for a specific time, so for the morning of the 16th i would then have an overlapping policy, no?

Armageus · 14 Mar 2017 at 15:07

Your Renewal would surely start at Midday the same day if continuing with an existing insurer?

If either of your insurance policies has a clause as mentioned above specifically mentioning duplicate cover, than it's surely your responsibility to make sure the policy starts at the correct time?

In reality however a few hours overlap is unlikely to make much difference and I wouldn't worry too much.

Django x2 · 14 Mar 2017 at 17:45

Armageus said:
No you can't have two policies that both cover the same car - as there would be a conflict of interest as to who should pay out in the event of a claim?

Not technically true. Otherwise things like DayInsure wouldn't exist

DereksDontRun · 14 Mar 2017 at 18:04

some insurance companies allow you to mirror your existing NCB to a new policy and after a year it becomes it's own NCB. (so, instead of starting at zero, you can clone you say 5 years NCB, and after the end of the year, you have 2 certificates for 6 years NCB).

So, I was wondering... Say you have 5 years NCB and get a weekend/track car, mirror the NCB, so now have 2 x 5 years NCB policies in tandem. Something happens to your daily driver and you need to claim, so now you're policies are 0 (assuming it's not protected) and 5 years NCB. At the end of the year, when the 2nd policy has a certificate showing 6 years NCB, can't you just mirror that with a new insurer and now have 6 years NCB back on the 1st car??? Effectively giving yourself a 2nd life with your NCB?

koooowweeee · 15 Mar 2017 at 07:25

I have 2 policys, 1 van and one car. Both around £600 a year but multi car is £2500.

They did say that if i stay with them for 2 years they will give me no claims on both cars. Still not worth the extra

koooowweeee · 15 Mar 2017 at 07:28

DereksDontRun said:
some insurance companies allow you to mirror your existing NCB to a new policy and after a year it becomes it's own NCB. (so, instead of starting at zero, you can clone you say 5 years NCB, and after the end of the year, you have 2 certificates for 6 years NCB).

So, I was wondering... Say you have 5 years NCB and get a weekend/track car, mirror the NCB, so now have 2 x 5 years NCB policies in tandem. Something happens to your daily driver and you need to claim, so now you're policies are 0 (assuming it's not protected) and 5 years NCB. At the end of the year, when the 2nd policy has a certificate showing 6 years NCB, can't you just mirror that with a new insurer and now have 6 years NCB back on the 1st car??? Effectively giving yourself a 2nd life with your NCB?

You could possibly do that. But not all insurance companies will mirror. So when they put the price up because of a claim it could end up cost more by sticking with that company

muon · 15 Mar 2017 at 19:22

DereksDontRun said:
some insurance companies allow you to mirror your existing NCB to a new policy and after a year it becomes it's own NCB. (so, instead of starting at zero, you can clone you say 5 years NCB, and after the end of the year, you have 2 certificates for 6 years NCB).

So, I was wondering... Say you have 5 years NCB and get a weekend/track car, mirror the NCB, so now have 2 x 5 years NCB policies in tandem. Something happens to your daily driver and you need to claim, so now you're policies are 0 (assuming it's not protected) and 5 years NCB. At the end of the year, when the 2nd policy has a certificate showing 6 years NCB, can't you just mirror that with a new insurer and now have 6 years NCB back on the 1st car??? Effectively giving yourself a 2nd life with your NCB?

Mirrored NCD doesn't always get you a second proof of NCD (usually takes a few years without claims, if ever).

Say you have the mirrored NCD and you claim. The insurer will only give you the single reduced NCD proof back to you. You can mirror that again but it will be at a reduced level.