No claims bonus - really worth trying to keep that extra year? (Car insurance)

anewman

I currently have a car insured but intend to scrap it before the insurance is renewed on it. My understanding is that if I cancel that insurance before it lapses, or take out a new policy on a new car before this one ends, then I lose out on a years no claims. I suppose there is a chance I could put down 3 years no claims anyway and supply my renewal documentation as "evidence", or would that be fraud?!

On checking through sites like confused.com, one year extra no claims is only worth about £10 more off. It's probably easier to cancel my current insurance or let it lapse, and simply start a new policy - rather than mess around trying to keep the extra year no claims when it's only worth a tenner anyway. No doubt they will charge me an administrative fee to change the car on my current policy, then charge me more for renewal than a new policy would cost anyway.

For reference the insurer only offering an extra £10 discount for 3 years no claims versus 2 years is Admiral, who seem to work out cheapest for me, and are also my current insurer.

:beer:

Thanks in advance for any thoughts

Charterhouse

Interesting. I agree. I think no claims is worthless really it's the actual accidents that reduce your no claims, regardless of fault, that tend to really increase the premiums.