Insurance question

katy81 · 7 Oct 2023 at 20:16

Currently have 0ncb insured with adrian flux. About 5 months in a policy.

Thinking of changing cars and they quoted me an acceptable quote with a different broker which would restart my policy.

I've shopped around and found a much cheaper quote.

If I buy it and have 2 different cars with 2 different policies can I combine ncb later?

Like finish my policy with flux,get 1 years, by which point I'll be 6 months in to policy 2. So when that gets its 1 year ncb can I combine both. So I'd have 3 years?

bloodiedathame · 7 Oct 2023 at 20:20

Short answer, no. AFAIK you can't earn multiple no-claims on the same vehicle.

Semple · 7 Oct 2023 at 20:20

No pretty certain it doesn't work that way.

muon · 7 Oct 2023 at 20:21

katy81 said:
Currently have 0ncb insured with adrian flux. About 5 months in a policy.

Thinking of changing cars and they quoted me an acceptable quote with a different broker which would restart my policy.

I've shopped around and found a much cheaper quote.

If I buy it and have 2 different cars with 2 different policies can I combine ncb later?

Like finish my policy with flux,get 1 years, by which point I'll be 6 months in to policy 2. So when that gets its 1 year ncb can I combine both. So I'd have 3 years?

You can't keep the first policy running if you don't have the car.

If you have 0 NCB, why would you do that, that first policy probably owes you a massive refund.

You should ask, how much it costs to stay on the same underwriter (if the underwriter allows this). Remember it's in Adrian Flux's interest for you to buy a new policy, as they get a nice commission.

katy81 · 7 Oct 2023 at 20:56

bloodiedathame said:
Short answer, no. AFAIK you can't earn multiple no-claims on the same vehicle.

There would be to cars, sorry if I didn't make that clear

katy81 · 7 Oct 2023 at 20:58

muon said:
You can't keep the first policy running if you don't have the car.

If you have 0 NCB, why would you do that, that first policy probably owes you a massive refund.

You should ask, how much it costs to stay on the same underwriter (if the underwriter allows this). Remember it's in Adrian Flux's interest for you to buy a new policy, as they get a nice commission.

I'd keep both cars and just sell one when the af policy runs out I paid in full so I would be owed a refund.

I think the underwriter wouldn't insure the car I'm thinking if getting so they found another one. Hence why my policy would start from the beginning

muon · 7 Oct 2023 at 21:01

katy81 said:
I'd keep both cars and just sell one when the af policy runs out I paid in full so I would be owed a refund.

I think the underwriter wouldn't insure the car I'm thinking if getting so they found another one. Hence why my policy would start from the beginning

Then yes. You could do what you propose.

However, it is harder if you go through a broker. They would have to convince the underwriter to change your policy to have a 1 year NCB in the middle and there would be two sets of fees involved. It would be easy when working directly with an insurer.

I can't see the discount you get be worth paying 7 months of premium you didn't need to.