Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Kris35
    • By Kris35 10th Sep 17, 2:38 PM
    • 43Posts
    • 4Thanks
    Kris35
    Lost 20 years NCB as not been driving for 5 years?
    • #1
    • 10th Sep 17, 2:38 PM
    Lost 20 years NCB as not been driving for 5 years? 10th Sep 17 at 2:38 PM
    Hi all,

    I don't drive many miles a year but someone is giving me a car that's worth only around 200 pounds - it's got 50 K on the clock in good nick but has a dent in the rear hence friend giving it to me as he wants to get rid of it asap as his insurance is due. and he has another car.

    Been through all the comparison sites and the average cos to insure this car is £1500!!

    I have lost all my no claims bonuses because I haven't driven in five years but I think this is a rip off. Never made an insurance claim in my life. Is there any way around this? Thanks.
Page 1
    • Quentin
    • By Quentin 10th Sep 17, 2:47 PM
    • 32,809 Posts
    • 16,840 Thanks
    Quentin
    • #2
    • 10th Sep 17, 2:47 PM
    • #2
    • 10th Sep 17, 2:47 PM
    No way to get that NCD back (but think how much you saved not buying any policies for the last 5 years.


    See if a local broker (not Swinton) can get you an introductory discount
    • AnotherJoe
    • By AnotherJoe 10th Sep 17, 2:54 PM
    • 7,253 Posts
    • 7,771 Thanks
    AnotherJoe
    • #3
    • 10th Sep 17, 2:54 PM
    • #3
    • 10th Sep 17, 2:54 PM
    Is that for third party only?
    • Kris35
    • By Kris35 10th Sep 17, 3:16 PM
    • 43 Posts
    • 4 Thanks
    Kris35
    • #4
    • 10th Sep 17, 3:16 PM
    • #4
    • 10th Sep 17, 3:16 PM
    Thanks Q. Yes, third party only.
    • Quentin
    • By Quentin 10th Sep 17, 3:18 PM
    • 32,809 Posts
    • 16,840 Thanks
    Quentin
    • #5
    • 10th Sep 17, 3:18 PM
    • #5
    • 10th Sep 17, 3:18 PM
    Try comprehensive quotes - usually cheaper than third party cover
    • Kris35
    • By Kris35 10th Sep 17, 3:36 PM
    • 43 Posts
    • 4 Thanks
    Kris35
    • #6
    • 10th Sep 17, 3:36 PM
    • #6
    • 10th Sep 17, 3:36 PM
    Just seen there are agencies that cater for this sort of thing so will try them.
    • AnotherJoe
    • By AnotherJoe 10th Sep 17, 5:10 PM
    • 7,253 Posts
    • 7,771 Thanks
    AnotherJoe
    • #7
    • 10th Sep 17, 5:10 PM
    • #7
    • 10th Sep 17, 5:10 PM
    Wow I'm gobsmacked! Maybe try a broker ?
    • Kris35
    • By Kris35 10th Sep 17, 5:30 PM
    • 43 Posts
    • 4 Thanks
    Kris35
    • #8
    • 10th Sep 17, 5:30 PM
    • #8
    • 10th Sep 17, 5:30 PM
    I'm tired of the way these companies take the pee like this. If it's not the energy companies or the banks, it's insurers - all out to make their company rich and stuff the rest of us.
    • eskbanker
    • By eskbanker 10th Sep 17, 5:44 PM
    • 5,465 Posts
    • 5,270 Thanks
    eskbanker
    • #9
    • 10th Sep 17, 5:44 PM
    • #9
    • 10th Sep 17, 5:44 PM
    Adding another named driver (e.g. a partner or family member) may help if applicable.

    It might seem ridiculous that insurance is significantly more than the value of the car but of course if you ran into a third party then you'd do just as much damage with a £200 car as one valued at £20000....
    • Aretnap
    • By Aretnap 10th Sep 17, 6:07 PM
    • 2,725 Posts
    • 2,165 Thanks
    Aretnap
    It might seem ridiculous that insurance is significantly more than the value of the car but of course if you ran into a third party then you'd do just as much damage with a £200 car as one valued at £20000....
    Originally posted by eskbanker
    Perhaps more, as a 20 year old banger won't have modern safety features, and is more likely to be in poor mechanical condition than a new car. So it's not unusual for very low value cars to be more expensive to insure than a new car.
    • agrinnall
    • By agrinnall 11th Sep 17, 4:24 PM
    • 18,437 Posts
    • 14,150 Thanks
    agrinnall
    As you've managed for the last 5 years without a car, do you really need one now? If not then simply decline to accept it and let your friend work out what to do with it. I can't see why you should be hit with a huge bill for taking on a pile of junk.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

310Posts Today

3,230Users online

Martin's Twitter
  • RT @iiSteveJonesii: @MartinSLewis After watching you talk this morning about me burning £300 I got on a comparison site tonight & sure enou?

  • In or near York? This Wed the @itvmlshow Roadshow" will be at the York Food & Drink Festival - do come and say hi; St Sampsons Square 11-4.

  • It's the subtle poetry and lyricism of tweets like this that I find so endearing https://t.co/XhSKBCGyXe

  • Follow Martin