Waiting for new car - can I buy insurance in advance?

Stephen_C.

As per Martin's latest email, it seems that now is the best time to buy car insurance, and that the prices will be rising 'soon' (although there's no indication of when that will be).

I have a new car on the way, but it's unlikely to arrive until late August, early September.

What is the best approach for locking in these current prices, if at all possible? Can insurance be bought ahead of receiving a new car, or must I wait until I have it?

forgotmyname

There will be problems when asked are you the registered owner and keeper of the vehicle.

As there isnt a vehicle yet you going to struggle on that one. What happens if that vehicle fails to arrive and they offer you a better one for no extra money.

The admin fee may exceed any potential saving on the insurance.

Do a quote now and save the reference number, Quotes are usually valid for around 30 days.

InsideInsurance

forgotmyname wrote: »

There will be problems when asked are you the registered owner and keeper of the vehicle.

No problems with that at all. All questions must be answered as per the date of inception not the date of quote. When the policy incepts the OP will be the owner and keeper.


As long as you have the vehicle registration you can do it in advance, though you may have some issues if the DVLA doesnt return the correct vehicle from the registration look up.

Whilst most do quotes up to 30 days in advance a few do longer if you go directly to their websites (rather than via aggregators).

Most quotes have a validity period, often the same length as how far in advance they allow them, so it may be a better idea to do what forgothisname suggested and just retain the quotes rather than actually buying it.

Stephen_C.

InsideInsurance wrote: »

No problems with that at all. All questions must be answered as per the date of inception not the date of quote. When the policy incepts the OP will be the owner and keeper.


As long as you have the vehicle registration you can do it in advance, though you may have some issues if the DVLA doesnt return the correct vehicle from the registration look up.

Whilst most do quotes up to 30 days in advance a few do longer if you go directly to their websites (rather than via aggregators).

Most quotes have a validity period, often the same length as how far in advance they allow them, so it may be a better idea to do what forgothisname suggested and just retain the quotes rather than actually buying it.

I don't have the vehicle registration, but I'll have a play with the quotes.

Quotes seem to show on my credit report, but I take it there's no issue with this like there is with credit searches?

InsideInsurance

Stephen_C. wrote: »

Quotes seem to show on my credit report, but I take it there's no issue with this like there is with credit searches?

There is some debate on if they are visible or not to lenders but certainly if they are then it does say its for insurance quotes and no credit underwriter is going to be concerned about that when deciding if to give you a loan or not.

That said, and more to do with counter fraud measures, if you are purely playing and wont be accepting any of the quotes (as you wont have the reg) then use dummy quotes - made up name, dob only a day or two away from yours etc. As they wont get credit check hits you'll find a couple decline to quote, slightly more might refuse to quote on monthly payments but the majority will quote and for both