Getting new car - NCD dilemma

kuba

I am getting a brand new car at the end of March.

I have a car now which I will want to sell when I will get a new one. Current car is insured until 17/04/2017. When I get a new one it will probably take me a couple of weeks before I sell the old one. I am just trying to work out the best way to go in terms of car insurance, as I would like to earn another year towards No Claims Discount.

When I get a new car it will be circa two weeks before current policy will expire. I could put a new car on this policy then and renew it on 17/04. But the old car will be uninsured, which is not good , especially that I want to put it on SORN (I have the place to keep it out of public road, road tax expires on 31/03). If I will go that route, I would earn a year towards NCD.

Another option would be to buy new policy for a new car and let the current one run until 17/04 (with hope that I will manage to sell the old car before that date). But I would need to say that I have X years of NCD for new policy, while in two weeks time I will have X+1. Then in a year's time I will be again missing two weeks to have NCD bonus at X+2.

What would be the best way to go in this situation? Any other options than these two above?

notbritishgas

Your second option will not work.
You can only use your ncd on one car, so it would be on your existing one.
Your new one would then have zero years.

mattk_180

webcrest043 wrote: »

but as a general rule, the newer the car, the higher the insurance.

In my experience it's quite often the complete opposite!


OP - can you check with your insurer to see if you can transfer the policy over to the new car and then temporarily add on the old one whilst you sell it? Most insurers will, sometimes even for free but most likely with an extra premium to pay. Would put you under time pressure to sell the old car, but it's just a suggestion.

forgotmyname

webcrest043 wrote: »

You can get different types of insurance, i.e., liability versus full-coverage, etc...but as a general rule, the newer the car, the higher the insurance.

I smell a potential US spammer.


Your new car/insurance will have zero no claims because its in use on the current car, so likely to be expensive. Then to swap it in a week or so you will have admin charges to pay.

Cut your losses and either swap cars on the day the insurance expires or sell the current ASAP and transfer the policy to that.

Selling the currect car now even at a loss may make more sense
than insuring it and trying to sell it later on.

You need to tax and insure it if on the road, if you SORN it because its not taxed AND insured then who can test drive it? A dealer with trade plates?

kuba

Ok, thanks very much for suggestions.

I thought that the NCD is not on a car, but on a driver. I wasn't aware that I need to transfer existing policy to the new car to get NCD. I was always switching the car on the policy on the day I purchased new one. When doing quotes on comparison websites a question about NCD is near the name of the driver, hence such assumption. May I have some link confirming that this is other way round?

Another option: what if I would purchase some temp policy for new car and then renew the policy on 17/04 with new car details? Will it work?

forgotmyname

Yes on the driver wll sort of.. You have earned XX years no claims. Your using that no claims on a vehicle. If you want to cover another vehicle you need another set of no claims.

You can have as many sets of no claims as you wish.

kuba

That clarifies things.

Thanks, I will contact current insurer and ask about available options.

sysadmin

Not necessarily true,

Im in the same position. Picking up a new car on Saturday but need to sell my old car after that. .
I have 9 years NCD on the current car and my new insurer are mirroring my NCD onto my new car for me. Only caveat is that I cant "protect" the NCD with the new insurer as like has been said it can technically only be used on one vehicle

Next year at my renewal (and hopefully with 10 years NCD) i'll then be able to protect it again...