Car insurance - Buying new car but haven't sold old one yet

Galgal5003

Hi all,

I will be hopefully buying a new(ish) car next weekend but have not yet tried to sell my old one. I.plan to advertise it after I purchase the newer one.

My question is how do I handle this in terms of insurance? Will I have to take out insurance on the new car as well as having it on the older one? I'm guessing yes but would like a bit of info before going to my insurance company to sort this.

Thanks

TadleyBaggie

You could switch the insurance to the new one and SORN the old one. If a vehicle is taxed (i.e. not on SORN) it must also be insured. Your insurance company may allow an overlap. Alternatively, if you are buying from a dealer they may offer 7 day free insurance, which gives you a bit of breathing room.

forgotmyname

If you take out insurance on the new one then you will have zero no claims to use on it as your no claims will be on the old car.

One or the other will have zero no claims, Sell the car ASAP to avoid extra costs?

Some companies will cover both cars for a short term, maybe only a few days to a week. Not all do though so you need to ask.

If you dont insure it you need to park it off the road and SORN it. But buyers wont be able to test drive it without trade plates.

mgfvvc

Galgal5003 wrote: »

My question is how do I handle this in terms of insurance? Will I have to take out insurance on the new car as well as having it on the older one? I'm guessing yes but would like a bit of info before going to my insurance company to sort this.
Thanks

I believe the more reputable insurance companies will cover the old car until sold, usually with a limit of around 4 weeks, after which they will charge for any extension of the extra cover.