Selling my car & losing my No Claims Bonus?

japmis

So I'm selling my car; I've calculated that, with petrol prices at extortionate prices, it's now cheaper for me to get the bus to work. My partner has a company car, which I can get insured on, so for all those small trips to the supermarket I can just take his.

This leaves me with a few questions regarding my No Claims Bonus (NCB):

1. Is there anyway I can protect my NCB? I have nearly 10 years worth, I don't want to lose this as I will just be the named driver on my partner's car.
2. If I cannot protect my NCB, is it worth me taking out my own insurance on his car? I guess this will cost me between £20-£40 per month, in essence just paying to keep my NCB.
3. Or shall I just take the hit and accept that sometime, in the future, whenever that may be, I will just have to start again at zero years NCB? (And pocket the £20-£40 a month on car insurance that I don't need).

Any advice/ ideas/ recommendations are all welcome

Many thanks

JapMis :j

chunkychocky

Things may have changed but when my hubby had a company car he basically lost his no claim bonus as he didn't have his own insurance. When he changed jobs and didn't have a company car any more he found several insurance companies that were willing to give him a couple of years no claims as he had been a named driver on a company policy and hadn't had any accidents.

I wouldn't imagine that it is cost effective to take out your own policy on someone else's car (or even if you can legally do this?) just so that you don't lose your NCB in future.

lisyloo

Is there anyway I can protect my NCB? I have nearly 10 years worth, I don't want to lose this as I will just be the named driver on my partner's car.

Does your partner take out his own insurance or does the company do it?
If so, one way is for you both to alternative the insurance every year as NCB is valid for 2 years.
That way you can keep 2 NCDs active.
If you both drive the car 50/50 then it's easy as either of you can be the "main" driver.
If he is geuninely the main driver then you would need to find an insurer that's happy for you to be policyholder whilst he's main driver.
I've just renewed with Sheilas wheels as main driver for my husbands car which is fine as we share the driving but I did notice that via their quote interface that the policyholder has to declare themselves as the main driver.

balmk

Check with your current insurer - Admiral said that they would honour my NCB for two years if there was a gap as I was going to get a company car.

lisyloo

Generally it is 2 years, yes, but there is still a problem if you are without a car for more than 2 years (which actually is precisely the situation I'm in right now as I scrapped my car just over 2 years ago).

Currently it's actually cheaper for me to insure if being female, but that will change.

japmis

Thanks for all your help! Good to know that my NCB is valid for 2 years

Partner is the main driver, and his company covers his insurance. I guess I will just have to bite the bullett when/ if the time comes that I get my own car again.

Thanks again

JapMis

lisyloo

For your info - there are a few companies that take 3 years, but it limits your choice.

Katgoddess

lisyloo wrote: »

For your info - there are a few companies that take 3 years, but it limits your choice.

Hi, I have a slightly similar issue. Do you know any of the companies that will take 3 years?