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Insurance issue help!

miss_maid
miss_maid Posts: 82 Forumite
Hi all!

I'm a bit confused as what to do here, here's the scenario.

I'm buying a new car tomorrow and got insurance for it which starts tomorrow when I buy it. I also have an existing car which i'm trying to sell, but in order for me to transfer my no claims bonus (6 years) over to my new insurance provider/new car then I have to cancel the insurance on the car I want to sell.

I won't be driving the car i'm wanting to sell as i'll have the new one but i'm thinking I still need insurance for it, right?

I think the only way around this is to add the existing car onto my new policy for 4 weeks or so (but this might be costly) until I sell it :(

Any other suggestions?

Comments

  • Hammyman
    Hammyman Posts: 9,913 Forumite
    You need to have it insured if it is kept on the road but otherwise no, although if it gets stolen you lose out. There are plenty of short term policy companies doing from as little as a day to a full month. Some insurers also offer a switch over period.
  • neilmcl
    neilmcl Posts: 19,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Change the car details to your new car as your main car on your existing insurance. Either add the old car as a secondary vehicle or insure it separately on a short-term policy.
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