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2nd car insurance
chipsuk
Posts: 1 Newbie
Hi Dudes & Dudesses, now, straightforward situation..... i have old car, going to buy new car, and then sell old car. But, both cars do need to have their separate insurances - new car long term (year), old car until i sell it (variable). Also, old car is coming up for renewal very soon (haven't bought new car yet - looking).
So, temporary insurance - seems to be £10 + per day, so for a month or 2, very expensive. What about ....
1) Insure old car for another year and just cancel as and when it sells ? Who is the insurer with the cheapest cancellation cover. Would you claim your NCD on both your old car & new car yearly policies ?
2) Insure old car paying monthly - when it sells, do not cancel the insurance, just don't pay the next month's premium, then as you haven't cancelled, you won't have to pay any admin fees etc ?
3) Take out insurance for old car, and cancel within 14 days for full refund - hopefully you sell it in 14 days!
4) Find reasonable cover for one or two months for the old car - i can not seem to do this now?????
Additionally, i would like a second driver to be able to use my old car, as they would drive it locally for advertisment purposes.
I do see some people saying they got a month for £30 etc, but i can't see how they got this cost. Am i missing something ???
So, temporary insurance - seems to be £10 + per day, so for a month or 2, very expensive. What about ....
1) Insure old car for another year and just cancel as and when it sells ? Who is the insurer with the cheapest cancellation cover. Would you claim your NCD on both your old car & new car yearly policies ?
2) Insure old car paying monthly - when it sells, do not cancel the insurance, just don't pay the next month's premium, then as you haven't cancelled, you won't have to pay any admin fees etc ?
3) Take out insurance for old car, and cancel within 14 days for full refund - hopefully you sell it in 14 days!
4) Find reasonable cover for one or two months for the old car - i can not seem to do this now?????
Additionally, i would like a second driver to be able to use my old car, as they would drive it locally for advertisment purposes.
I do see some people saying they got a month for £30 etc, but i can't see how they got this cost. Am i missing something ???
0
Comments
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you can only use NCB on one policy at a time.
They will cancel the policy. You will then perhaps have default fees and a cancellation fee.2) Insure old car paying monthly - when it sells, do not cancel the insurance, just don't pay the next month's premium, then as you haven't cancelled, you won't have to pay any admin fees etc ?0
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