Car insurance and moving

Grouchy

Hi
Hope someone can help with this.

I am moving home in a couple of weeks. My car insurance expires in a months time. I have checked with my insurer RAC and they want £1.88 for the change of address and £25 for an admin fee - this would be for the balance of the policy, about 2 weeks.

I'm wondering to save this money, can I just keep the RAC policy running till expiry and wait till the day I move and insure with another company (without doing the change of address with RAC or paying a cancellation fee) so in effect it is insured with two companies for about two weeks?

This seems the cheapest way of doing it. Is there a problem with doing it this way?

Thanks for help.

Nasqueron

If you don't need to claim you might get away with it, but let's say your car was stolen and they need the address where it was nicked from, brings up the question of why your car wasn't at home. That gives them some wiggle room to invalidate the claim or even cancel the policy worst case.

You should also update the DVLA on movement - if you get a parking ticket or speeding fine it goes to the old address which might be expensive if you don't find about it

Quentin

Do you have any NCD you used to buy your current policy?

If so bear in mind you have nil to use on the new policy you are contemplating.

In which case the £26 odd you are trying to save will be a fraction of the discount you will be able to get if you wait!

Grouchy

Hi Quentin

I hadn't thought about the NCD in that way. I have lots of NCD but thought I could simply transfer that to the new policy.

From what you are saying, you cannot do this.

Thanks

Quentin

You can't "transfer" it as it's in use by the original policy. You cannot use it on two different policies at the same time.


You can "release" it from the old policy by cancelling the policy and then using it when you buy the new one.

Grouchy

Thanks for clarifying that Quentin, didn't realise that was how it worked. Glad I asked now.

Thanks