Quick car insurance question

sparkychris

Morning team!

Will be going to look at a car in a bit and may well buy it.

I have about three weeks left on my car insurance so don't want to pay the administration fee to swap it over... would rather just take out a new policy.

(My renewal quote came the other day and, as usual, it was a joke so i'd have been changing firms anyway.)

If I just let my old policy run out, where do I stand on my full no claims on my new policy as technically it is being used elsewhere.

I've never had this situation before as I have always swapped cars with plenty to go on a policy so just swap it over....

paddyandstumpy

If it's in force on one policy and car, it can't be used for a second one.

If you're part ex-ing the car, unless you cancel that insurance (which means you won't get that years NCB), you have to suck up the admin fee to change, then move the policy when it runs out.

sparkychris

Hokey cokey.

Thanks for taking the time to reply.

Less hassle, I suppose!

Simon.W

Hi I'm new to the forum and have a question about insuring a car I'm about to buy. I've not had my own insurance policy for years as always had company cars. Is there any tips, advice legal loopholes for getting the best deal?

AdrianC

If you leave the policy running on the car you've sold, then you may well still be on the hook for any claims the new keeper makes - and, if they fail to insure it, you CERTAINLY will be...

Don't be a cheapskate. There's money saving, and there's foolhardiness.

AdrianC

Simon.W wrote: »

Hi I'm new to the forum and have a question about insuring a car I'm about to buy. I've not had my own insurance policy for years as always had company cars. Is there any tips, advice legal loopholes for getting the best deal?

Start a new thread, rather than confuse this one.

sparkychris

AdrianC wrote: »

If you leave the policy running on the car you've sold, then you may well still be on the hook for any claims the new keeper makes - and, if they fail to insure it, you CERTAINLY will be...

Don't be a cheapskate. There's money saving, and there's foolhardiness.

Good point!

I'll be transferring it later.

ARandomMiser

I made a similar post within the last few weeks. In the end i contacted my existing insurer and got through to their cancellation (retention) department and they agreed to waive most of the cancellation fee. The extra month of insurance ended up costing me an additional 51pence.

My insurance is due renewal, in a little over 3 weeks and i will get a quote from them. However i also have several quotes saved from other suppliers that i can use as negotiating chips.

Ant555

I had this same situation last September. Buying 2nd hand car but switching insurance co. and weeks left on existing policy.

After getting the quotes on Confused.com etc showing 9 years NCB I rang the (potential) new company and spoke to a person to explain: picking up new car/part-ex etc and that I understood the fact that NCB could not be used on two policies at the same time so could they do anything.

It seems that its not a legal thing but entirely at the insurance company discretion with the NCB and the agent had a word with supervisor, said all would be fine, put a note against my quote, I got all names, noted dates and times of calls etc (just to be sure) and all was well.

hope this helps.