We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Retain NCB without car?
pboae
Posts: 2,719 Forumite
I'm living abroad for a few years, and I've just discovered that a no claims bonus is only valid for a couple of years since your last insurance. I'm a bit worried about this :-( I have full NCB and I'd like to keep it, as I'll need a car when I come back.
Is it possible for me to buy a scrap car and insure it for a year to keep my NCB active? Obviously I never intend to drive this car. Would that be illegal? I still have a UK driving licence and a UK address.
If it is legal, how would I go about doing it? Is there any other way around it?
Is it possible for me to buy a scrap car and insure it for a year to keep my NCB active? Obviously I never intend to drive this car. Would that be illegal? I still have a UK driving licence and a UK address.
If it is legal, how would I go about doing it? Is there any other way around it?
When I had my loft converted back into a loft, the neighbours came around and scoffed, and called me retro.
0
Comments
-
I'm living abroad for a few years, and I've just discovered that a no claims bonus is only valid for a couple of years since your last insurance. I'm a bit worried about this :-( I have full NCB and I'd like to keep it, as I'll need a car when I come back.
Is it possible for me to buy a scrap car and insure it for a year to keep my NCB active? Obviously I never intend to drive this car. Would that be illegal? I still have a UK driving licence and a UK address.
If it is legal, how would I go about doing it? Is there any other way around it?
You will find that most insurers only quote where the policyholder is a UK resident. Just because you still have property in the UK and a UK driving licence does not mean that you are a UK resident. If you are residing abroad then you are not a UK resident.0 -
I am still a UK resident. It's complicated, but as I am overseas with work, I am still classed as a UK resident.When I had my loft converted back into a loft, the neighbours came around and scoffed, and called me retro.0
-
I am still a UK resident. It's complicated, but as I am overseas with work, I am still classed as a UK resident.
If you are, as you admit, living and working overseas, you are not a UK resident. You may be a UK citizen, but you are clearly not resident in the UK - there is a difference.0 -
It's not as simple as that, I've looked into it for other reasons. I am not a resident of the country I am currently in, and am still considered to be resident in the UK.
Regardless, leaving that out of the equation (I'll confirm that situation with the insurance company if/when I come to buy a policy). What are my options?When I had my loft converted back into a loft, the neighbours came around and scoffed, and called me retro.0 -
It's not as simple as that, I've looked into it for other reasons. I am not a resident of the country I am currently in, and am still considered to be resident in the UK.
Regardless, leaving that out of the equation (I'll confirm that situation with the insurance company if/when I come to buy a policy). What are my options?
Insuring a car is the only option. I think, however, that you will very much struggle to convince an insurer that you are a UK resident when you are living and working abroad "for a few years".0 -
I would have thought making sure that the insurer you use abroad is able to transfer your NCB both from the UK to wherever you are, and back when you return to the UK, is your best bet.
Of course if you've already left the UK that's not an option. Neither if you're not insuring wherever you are now.
Have you spoken to your last insurer in the UK as to your options-can they insure a vehicle abroad for you?0 -
From what I have seen online UK insurers will usually only take transfers from Europe, Oz and USA, and I'm not likely to be in any of those. I don't currently own a car, I'm not in a place for long enough to make it worthwhile, hire cars are sufficient. I am back in the UK frequently, but again, not long enough at a time to make it worth buying another car.When I had my loft converted back into a loft, the neighbours came around and scoffed, and called me retro.0
-
The easiest way is wait until your NCB is about to run out, insure a friend or relatives’ car and then cancel the policy within 14 days, you might end up paying a cancellation fee but you then get an up to date statement of NCB which will cover you for another two years.0
-
The easiest way is wait until your NCB is about to run out, insure a friend or relatives’ car and then cancel the policy within 14 days, you might end up paying a cancellation fee but you then get an up to date statement of NCB which will cover you for another two years.
No insurable interest in the vehicle so don't quite see how that'd work?0 -
why pay money in putting a car on the road to protect nCB? That's madness...
Most insurers would give some kind of an intro again. I lived abroad for a few years, had no problem getting a fully reinstated NCB at 60/65%0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards