Car Insurance/No claims Bonus Query

Spooky_uk

Just looking for some advice (instead of being jumped on by a posse that seems to happen a lot these days )

Car A (banger) currently insured with Person A, Person B named driver.

Car B (New) to be insured with same as above.

Long term plan is to retire Car A and Person B to purchase new car and insure.

Person A would like no claims bonus to be transferred to Car B. As Car A at some point in 6-9 months will be traded in and at that point policy cancelled.

In the interim what is the best way (without costing an arm and both legs) of achieving this.

Not an expert on this by any means and I understood that it is legal for one person to have two policies on two cars but the no claims can only be on one. In that event (if correct of course) how does one transfer the no claims from one to the other if both active. Person A only loses a couple of months no claims from when previous policy started in that event which is not a problem.
I am guessing its not that simple though!

Quentin

The easiest way to use your ncd on the new car is to change cars on the existing policy and buy a new policy with zero ncd for the old car.

Spooky_uk

Thanks, interesting. New car is significantly cheaper to insure however (group 4) whereas banger (only 12 years old but knackered and insurance group 11-16). That's the annoying aspect!

Quentin

If you want to keep the NCD on the old banger, then buy a new policy for the new car.


Then when you sell the banger swap the new car for the banger and cancel the "new" policy (ie the one with nil NCD on it)

forgotmyname

The lower insurance group doesnt mean its cheaper to insure.

When they had the 20 group system. I had a group 18 car and that was cheaper than a group 13 car. A lot faster also.