New car/old car insurance question

butterfly72

Can anyone advise me what to do. I've just purchased a new car which I pick up on Saturday. I still have my old car which I'm going to sell privately so I need insurance on the two cars until its sold. I'm not sure how to go about this. What do other people do? Do I amend my existing insurance and get a cover note for the old car or take out a new policy and cancel the old when the cars sold!! Or is it really down to how many ££ you can save after factoring in new quotes and amendment/cancellation fees!!

My existing policy has a cancellation fee of £45 which is a bit steep!

thanks

quidsin

Hi, what I would do is make a call to my existing insurance company and get the new car put on the existing policy, then take the old car off it when its sold. I'd shop around when the insurance expires, this way you wont have to pay cancellation fees, and you may get another years no claims bonus. If the old car is still used on the road then insurance is still required, i dont think they offer cover notes on existing policies.

gazza975526570

Id add your new one on your exisiting policy as a temporary additional vehicle - give them a call to see how much this is for you

shafeeq

Hi Butterfly 72

I bought new car yesterday and still have old car which I will sell. on Tuesday I phoned my insurance and put new car on insurance and was told that they can keep the old car insuranced for 14 days free of charge if I want to do so. I said yes. They will send the new cover form.

Shafeeq

butterfly72 wrote: »

Can anyone advise me what to do. I've just purchased a new car which I pick up on Saturday. I still have my old car which I'm going to sell privately so I need insurance on the two cars until its sold. I'm not sure how to go about this. What do other people do? Do I amend my existing insurance and get a cover note for the old car or take out a new policy and cancel the old when the cars sold!! Or is it really down to how many ££ you can save after factoring in new quotes and amendment/cancellation fees!!

My existing policy has a cancellation fee of £45 which is a bit steep!

thanks

butterfly72

Thanks for the replies they are all good suggestions... I'll look into them. I'm getting a decent quote from Prudential.. with £95 cashback with quidco. After amendent fees/cover note costs etc, I might be better off getting this for the new car and cancelling the old policy when the old car is sold. I'll have to do the sums!

shafeeq, who's your insurance with?

shafeeq

It is through AA,

Shafeeq

butterfly72 wrote: »

Thanks for the replies they are all good suggestions... I'll look into them. I'm getting a decent quote from Prudential.. with £95 cashback with quidco. After amendent fees/cover note costs etc, I might be better off getting this for the new car and cancelling the old policy when the old car is sold. I'll have to do the sums!

shafeeq, who's your insurance with?