Car insurance advice please

Taggo

Hi,

All going well I will collect keys for my new house on fri (26th).

Obviously my car insurance address will need to change at a cost of £25 + any difference.

My issue is that my policy expires 14th October and I've paid the full year anyway but I won't be renewing as there are cheaper options at new address but it makes little sense to pay 25 to change address or £45 to cancel.

What I'm wondering is if I take out a new policy with the cheaper company at my new address and let the other one just run out is this ok? Obviously if I have an accident the claim would be on the new policy only.

Thanks in advance

Marktheshark

Really ?

All this will get is your insurance cancelled by both.
Then it gets very expensive indeed.

Quentin

Bear in mind that if you have any ncd then if you take out a separate policy prior to ending your current policy you have nil ncd to use on the new one

And if you cancel your current policy before it ends then apart from the cancellation fee no ncd will be awarded for the near year of cover

Taggo

Really, I ask because I've never faced it before.

Taggo

Quentin wrote: »

Bear in mind that if you have any ncd then if you take out a separate policy prior to ending your current policy you have nil ncd to use on the new one

Not an issue there, unfortunately last year some **** done 5grand damage to my car and drove off hence the reason I'm asking here, would never consider being uninsured!

Marktheshark

Now might be a good time then to learn some of the basics regarding how car insurance works.
You might save yourself several thousands of pounds over the next few years.

No claims discount is spendable on one policy at one time, not two or three.
Insuring the same risk twice is insurance fraud and they are very good at picking up on it these days.
If you give them any cause to cancel your policy you have to declare this and it can make your premiums increase tenfold as you are now a fraud risk.

Pay the £25 and save yourself a small fortune.

Taggo

I know that, I have no no claims anyway, wasn't allowed to get my many years protected because I added my girlfriend who had her license less than a year, so they told me anyway.

My question was simply could I just let a policy that's already paid in full just run it's course with no intention of claiming on it anyway accident or not. The answer would be no.

Thanks

Quentin

Marktheshark wrote: »

Now might be a good time then to learn some of the basics regarding how car insurance works......
Insuring the same risk twice is insurance fraud

This is totally incorrect and just scaremongering.

(Why not follow your own "advice" and learn the basics before posting nonsense.

(The only fraud would be were you to try and claim off both insurers eg. after the car was stolen.)

Quentin

Taggo wrote: »

I know that, I have no no claims anyway, wasn't allowed to get my many years protected because I added my girlfriend who had her license less than a year, so they told me anyway.

My question was simply could I just let a policy that's already paid in full just run it's course with no intention of claiming on it anyway accident or not. The answer would be no.

Thanks

If you had many years ncd then if you only made one claim then you should still have some. One claim means you go down to 3 years ncd if you had 5 previously

Taggo

I see, I remember on the phone when taking it out they said it wouldn't be protected for the reason I said' but the renewal here has me with 1 years ncd even though I've had a claim. Clears that up somewhat, thanks for ur reply!

Aretnap

Marktheshark wrote: »

Insuring the same risk twice is insurance fraud and they are very good at picking up on it these days.

I have contents insurance which covers my personal possessions while they're outside my home, and also travel insurance which covers the same possessions while I'm on holiday. Am I going to prison?

(Clue: No)