Qn on car insurance

lockview

After some advice on getting my car insurance.

I've just relocated back from working overseas for 6 years and am in the process of buying a new home.

Temporarily I'm staying at my family home.

I need to buy a new car before the house purchase goes through but it will literally be 7-14 days before the house completes.

My new perm home is in totally different location to family home.

Bit confused as to whether I should insure the car as a homeowner at my new address (assuming no, as I have not yet exchanged contracts/completed) or insure at my family home and then inform the insurance company once I move.

Would being a homeowner provide a big discount?

ValiantSon

You insure the vehicle at the address you currently reside at. When you move to the new home you inform the insurer of the change of address. They may increase your premium because the address is higher risk (or they may reduce it because it is lower risk). You may also have to pay an admin fee for the change of address depending on who your insurer is.

Please note, you should only change the address for the date when you change your residency, not the date you complete on the purchase if these two are not the same day.

trailingspouse

When you are looking for quotes, use your new address - but once you've chosen which insurer to go with, give your address as where you're living at the moment and then change it when the time comes.

Quentin

trailingspouse wrote: »

When you are looking for quotes, use your new address - but once you've chosen which insurer to go with, give your address as where you're living at the moment and then change it when the time comes.

Be careful about doing this.


Whenever you do quotes you agree the info you give is true (which it won't be if you use your new address).


Subsequently changing address would trigger their anti fraud software.


That is why when playing with quotes you are advised to use dummy details until you are ready to buy

trailingspouse

But you need to know which company is offering the best deal for the area you are intending to spend the majority of the year in. You could ring them instead, give your 'true' address, then say 'Oh, by the way, I'm going to be moving to ... in a couple of months, can I just see how much that'll cost me'.

The insurance companies need to get their heads around the fact that lots of people aren't trying to defraud them!

Quentin

Dummy quotes using false personal details but the correct postcode (nearby house number) gets round having to ring everyone to pose that question!