Car Insurance no claims question....

rrwfotr

Hi I have a question/problem....

I have 5 years no claims built up for my car insurance, it now coming up for two years (this Dec) that I would of been uninsured for a car policy myself. I am aware that if I go over two years without having a main policy myself I will lose my full no claims. My question is that can I insure my own car that I have but not used for up forup to 14 day's and then cancel the policy. Therefore I will have renewed myself for another two years. I don’t need to drive as I usually use the other half's car for the odd journey etc?? I don't really fancy re-building my 5 years no claims bonus just in case I need the day to day use of a car for myself in the future. Any help information would be much appreciated....

shelly

I think that by cancelling the policy you won't have done enough to keep your NCB for a further 2 years. If you cancel you aren't insured so I can't see it working.

rrwfotr

shelly wrote:

I think that by cancelling the policy you won't have done enough to keep your NCB for a further 2 years. If you cancel you aren't insured so I can't see it working.

That's what I was trying to see...but if I'm insured for up to 14 day's then thinking though things logically I would have been insured for that period that’s been insured for a number of day's. I wouldn't get a full refund it would be the yearly premium minus the 14 days I've been insured.....

What do people think, have others ever been in my situation.....

shelly

Yes, I see what you mean, you will have been insured for 2 weeks but I think to hold onto your NCB you have to be insured for a much longer time. Maybe call an insurance company that has a freephone number and ask them. Or call CAB and ask them.

rrwfotr

Yep that might be a good idea, don't fancy losing my 5 years no claims if I can avoid. I drive nearly every week or so as I usally use hire cars therefore have not needed to insure my own car unless I really had to. If I lose my 5 years no claims it will cost a small fortune to re-insure myself again.

Sponge

rrwfotr wrote:

If I lose my 5 years no claims it will cost a small fortune to re-insure myself again.

You may find it cheaper to buy an old banger and insure it as cheaply as possible, thus keeping your NCD running.

I lost 2 years no claims after I graduated, sold my car and didn't get a new one for another 3 years. At the time I wasn't aware that NCD had a shelf life.

I then insured my next car on a classic policy which doesn't accrue a NCD. So I'm now 33 years old with zero NCD to my name! :doh:

I am led to believe that some insurance companies take into account any driving record as a named driver when calculating cover, but I've never had a quote from one that does.

smallblueplanet

Sponge I'm fairly sure morethan 'credit' no claims accrued as a named driver on another policy?

ArchieB_2

What you need to look at is the NCD proof you would supply to your new insurer. This is predominantly a renewal notice that will be dated - so having 14 days insurance won't mean you get a renewal notice from that insurer.

Wyndham

Quite often if you have been driving on someone else's insurance, without any claims, if you do need your own insurance then a company will give you at least an allowance towards the NCD, which may be worth bearing in mind. This is especially true if you take out another policy with the same company as the one you have been using.

However, in this case it sounds as if you have only used hire cars. Does this mean your own car isn't used at all? So no insurance on it required? So no tax or MOT? If so, you may have trouble getting insurance on it without the tax and MOT being in place - or rather while I think you could I'm not sure it would be quite legal!

iceburn

you can take out insurance wyndham (someone on here mention even few weeks ago) cause even if the car is off the road, it can still be stolen, hand brake fails and garage door swing open and hence it roll out onto the roll and cause an accident etc....

losgiganteskid

Sponge wrote:

You may find it cheaper to buy an old banger and insure it as cheaply as possible, thus keeping your NCD running.

I lost 2 years no claims after I graduated, sold my car and didn't get a new one for another 3 years. At the time I wasn't aware that NCD had a shelf life.

I then insured my next car on a classic policy which doesn't accrue a NCD. So I'm now 33 years old with zero NCD to my name! :doh:

I am led to believe that some insurance companies take into account any driving record as a named driver when calculating cover, but I've never had a quote from one that does.

You don't even need to buy an old car, merely concoct a virtual mini have it third party only, and have your full 65% on that car, have it just yourself only driving etc to get the premium rock bottom, clearly you can have no claims on a "virtual" car and merely either cancel the policy when you need to buy another vehicle and have the ncb applied to your new car or swop the vehicle on the same policy - easy peasy