Going down to one car - No Claims Bonus tips?

ophelia0401

Hello! Need some advice... To reduce costs, I'm going to get rid of my car and share with other half. Is there any way I can not lose out on the years of insurance I have under my own name? Are there policies (competitively priced) that allow both drivers to keep no claims benefits despite only having one car in the household? Thanks!

AdrianC

So you have some NCB. Other half has some NCB.
You want to have one policy, but... don't want your NCB to expire unused?

Simply switch policies back and forth in alternate years. It takes two years unused for NCB to expire.

Ebe_Scrooge

Not really. It's difficult and complicated ( not to say un-necessarily expensive ) to have two policies on one car, so you'd really need to be a named driver on your OH's policy.


Your own NCB will be recognised for 2 years by most companies, so as long as you keep proof of you NCB, if you take out another policy in your own name within 2 years you won't lose it.


Longer than 2 years, your own NCB will "expire". But it's worth noting that some companies will take into consideration the number of years you've been a named driver on another policy, and give you a discount for that.

Aretnap

Your NCD will indeed expire after 2 years, but as above you can get round that by alternating the policy on the remaining car, so you insure it in your name one year, your OH insurer it the next year. By doing that you can keep both NCDs "live" indefinitely - assuming you don't make any claims of course.

You should read the questions and assumptions carefully when you take out the policy and make sure you're correctly declaring who is the owner, who is the registered keeper, who is the main driver etc - but most insurers won't have a problem with you insuring a car that is owned by your spouse/partner.