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If I stop car insurance, will my no claim 'discount' remain?
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adSedulity
Posts: 2 Newbie
in Motoring
Hello (1st time post),
I am trying to go car-free, and have successfully done so for the past 6 months. However, I still own the car, and my insurance is now due for renewal; it is not cheap either (I'm a young adult male renting in a area full of biologically-mature men.)
The town in which I live is designed more for the motorcar than the pedestrian, yet I have happily made do with a bicycle - consequently saving and losing several pounds
Regardless, there still is that niggling doubt that one day, one day, I might need the car.
Therefore my predicament, I want to keep the car, at least until December, but do not want to pay for insurance nor breakdown cover (as I will not be using it.) If I do need to use the car, then I will gladly pay up before hand. The only thing putting me off this is that fabled no-claims bonus. If I stop paying for insurance, is it automatically lost, or can I carry on from where I left off?
Any advice / help would be appreciated.
I am trying to go car-free, and have successfully done so for the past 6 months. However, I still own the car, and my insurance is now due for renewal; it is not cheap either (I'm a young adult male renting in a area full of biologically-mature men.)
The town in which I live is designed more for the motorcar than the pedestrian, yet I have happily made do with a bicycle - consequently saving and losing several pounds
Regardless, there still is that niggling doubt that one day, one day, I might need the car.Therefore my predicament, I want to keep the car, at least until December, but do not want to pay for insurance nor breakdown cover (as I will not be using it.) If I do need to use the car, then I will gladly pay up before hand. The only thing putting me off this is that fabled no-claims bonus. If I stop paying for insurance, is it automatically lost, or can I carry on from where I left off?
Any advice / help would be appreciated.
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Comments
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Most insurance companies allow you to "lapse" for up to 2 years while still retaining NCB, although it is solely down to the company you do business with.Remember kids, it's the volts that jolt and the mills that kill.0
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adSedulity wrote: »Therefore my predicament, I want to keep the car, at least until December, but do not want to pay for insurance nor breakdown cover (as I will not be using it.) If I do need to use the car, then I will gladly pay up before hand. The only thing putting me off this is that fabled no-claims bonus. If I stop paying for insurance, is it automatically lost, or can I carry on from where I left off?
Any advice / help would be appreciated.
You can't keep it on the street/public highway if it's not insured. If you have a garage to keep it in you could do that.I was born too late, into a world that doesn't care
Oh I wish I was a punk rocker with flowers in my hair0 -
As said above very few companies will accept NCB more than 2 years old. If I was you when your insurance is about to expire I would contact the insurer and explain, see if they will offer an "extention", and regardless, get a letter of entitlement to NCB at that date
I like the thanks button, but ,please, an I agree button.
Will the grammar and spelling police respect I do make grammatical errors, and have carp spelling, no need to remind me.;)
Always expect the unexpected:eek:and then you won't be dissapointed0
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