Cancelling insurance when giving up driving

arcon5

Suck up the charge. Last thing you want is complications in your life if the new owner is a punk and your insurer are still covering it

jumperjohn

You could be still liable for any claim occuring up until the insurance expires if you do not cancel it, it must be worth £35 for piece of mind.

Hintza

arcon5 wrote: »

So your paying yearly for insurance despite it being SORNed to keep ncb going? And this is cheaper than loosing it?

Yes but they explained that it was cheaper than a policy that would cover the car being laid up.

Just the way you would with your 1929 4.5 litre Blower Bentley, which you only pull out the garage between June and September.

TomsMom

OK, I've done the right thing and cancelled it.

Son has finalised the part-ex and purchase of the car he was interested in and I've spoken to the insurance company. They checked the figures and the £35 charge cancels out my refund so they've cancelled my policy with no extra charge to me. That's fine with me, I'd already worked out that pro-rata two months insurance was approx £30 so I'm happy with the outcome. It's all above board and it hasn't cost me any extra.

Thanks for everyone's thoughts and input.

AdrianC

Hintza wrote: »

Just the way you would with your 1929 4.5 litre Blower Bentley, which you only pull out the garage between June and September.

Except that classic policies don't "do" NCB - they don't give discounts for it, and they don't accrue it.

Hintza

AdrianC wrote: »

Except that classic policies don't "do" NCB - they don't give discounts for it, and they don't accrue it.

Spoil sport

Lum

AdrianC wrote: »

Except that classic policies don't "do" NCB - they don't give discounts for it, and they don't accrue it.

You don't necessarily have to get a specialist classic policy.

My car's 21 years old and still cheaper to insure with a regular insurer (Zenith, whose renewal was cheaper than everyone else's new business quotes, and didn't argue too much when I pointed out that their new business quote was cheaper than the renewal quote.)

Joe_Horner

AdrianC wrote: »

Except that classic policies don't "do" NCB - they don't give discounts for it, and they don't accrue it.

It's my partner's '72 Daf 33 that was the first car insured in her name when she passed her test, so she wasn't eligible for a "classic" policy because she had a new licence.

With the accumulated no claims the premium is now about £140 a year.
It also allows her to (legitimately, we checked) hold a £65 classic policy on her other Daf that has a condition that she "has a mainstream policy on another vehicle" but doesn't specify that she has to use that vehicle. That's worth about £40 - £50 a year of the premium on its own, leaving under £100 to build no claims and have the car insured if something nasty happens to it

It also makes it easier to return to the road if I suddenly have a burst of energy and get the work done on it because it's ready to go as soon as the MOT is done.

AdrianC

Ooooh, DAFs! Luvverly!

Joe_Horner

AdrianC wrote: »

Ooooh, DAFs! Luvverly!

They are

Until the rust in the sills gets just that little bit much for patching on one, and the engine on the other decides to randomly throw a rod and, while changing that, you decide that the clutch is just a little too worn to put back just to have to pull the engine again in a few k miles.

Then you discover just what parts unavailability really means and end up being a taxi in between everything else for 3 months