Insuring New Car

howalsh

Got my renewal notice on my car insurance for the middle of next month (Feb), but getting a new car in March. Would I be best renewing & then changing or is there an alternative.
Also, I need to drop a cover note off at the garage at least 3 days before picking up my new car so they can tax it, but how can I get insurance if the car has not even been registered yet, & I will still need the insurance on my old car until the minute I part-ex it at the garage!

Help!

pinkfluffybabe

You can renew your existing insurance and then either cancel it when you get your new car, or swap it over to the new car when the time comes.

As regards insuring the new car, I asked my insurance company to fax a cover note to the car dealership on the day I was collecting the car. I told them I was trading my car in and so they left the insurance on the old car until midnight that night, but the new car was covered from that morning. Obviously both cars wouldnt be on the road at once.

If you were going to take out a new insurance for the new car, you could start it from the three days before and leave your old insurance going, then cancel it once you were rid of the car.

Hope this helps.

MarkyMarkD

pinkfluffybabe wrote:

You can renew your existing insurance and then either cancel it when you get your new car, or swap it over to the new car when the time comes.

I wouldn't quite do it like that.

I would find out where the most competitive quote is for your NEW car details, but from your current renewal date. Then, if the most competitive quote is dramatically less than your renewal quote, I would switch companies on renewal so that you have at least an idea of what will happen when you change the car details over.

If you simply renew with your existing company, and then find they want an arm and a leg for the change of vehicle so you end up cancelling, you will probably lose out. At the very least you'll lose out a month worth of no claims discount (unless you are already at the maximum) and, depending on your company, you may be charged an early cancellation penalty (although this is far less likely if you are not in your first period of insurance, as obviously you won't be).

The garage will know the registration number well in advance of the car being registered and taxed - they have a stock of them to allocate to new vehicles - and can hence provide the details for you to pass to your insurance company.