Swapping No Claims?

Airwolf1

A colleague has his car insured with so many years NCD. He is now getting a 2nd car.

He cannot carry over the same NCD to this new car, but is he allowed to swap his NCD over to the new car and start again with his existing car (as it would be cheaper)? This would be with differnet companies - is this possible?

Thank you :-)

Quentin

Yes it's possible, but it may be cheaper (and avoid losing a partial year) by changing over vehicles on the current policy and taking out a new policy for the "old" car.

See if a local broker can help with an introductory discount for the new policy (assuming there is no chance the current insurer will mirror the discount on the second car - some will, (eg morethan).

Airwolf1

Thank you.

One final question. If this was to go on a "multi car policy" (Admiral just mentioned this to my colleague), they said the new car and existing would have their own policies but all covered under a multi policy? Is this correct?

Fianlly, if the new car is insured as his daughter being main driver, would the car need registering to her or not? Many thanks for your time.

nookey_bear

Airwolf1 wrote: »

Thank you.

One final question. If this was to go on a "multi car policy" (Admiral just mentioned this to my colleague), they said the new car and existing would have their own policies but all covered under a multi policy? Is this correct?

Fianlly, if the new car is insured as his daughter being main driver, would the car need registering to her or not? Many thanks for your time.

Generally, a multi car policy is one policy with a number of cars on ie one policy number, same renewal date etc etc. Not sure exactly how Admiral operate their multi car policies but I guess as long as the cover is correct and you are getting any discount as a result then it doesnt really matter

No, the main driver of a vehicle does not have to be the registered owner/keeper. This question should be asked when quoting as to whether who is the registered owner ie policyholder or not.

bouncydog1

If there is any likelihood his daughter is going to be the main driver, then this must be disclosed. How old is the daughter? If a young driver, then he would be better off getting her insured in her own name so she builds up her own bonus.

Also, where there is a young driver, insurers are unlikely to mirror bonus. If your friend uses his bonus on the car the daughter is driving, and she has an accident he will be the loser.

mikey72

If he takes out a policy in his name, for his daughter, if she has an accident and makes a claim, it will be in his name, and he will have to declare it on both polices.
Does it cost a lot more to put the car, insurance, and main driver in her name?

mikey72

nookey_bear wrote: »

Generally, a multi car policy is one policy with a number of cars on ie one policy number, same renewal date etc etc. Not sure exactly how Admiral operate their multi car policies but I guess as long as the cover is correct and you are getting any discount as a result then it doesnt really matter

No, the main driver of a vehicle does not have to be the registered owner/keeper. This question should be asked when quoting as to whether who is the registered owner ie policyholder or not.

Apparently it's more like individual polices for each car/driver, joining as the existing policies expire.