Scrapped car, ordered another but insurance overlap of just days, missing a year NCB?

Antmanbrooks

Hi, I'm looking for advice please.

Earlier this month I scrapped my car after it failed its MOT, it wasn't worth paying for the repairs.

I ordered a new car on PCP and it's due for delivery on the 7th June.

My issue is; I paid up front for the insurance on my old car and that runs out on 17th June.

If I cancel the existing insurance I lose the last years no claims bonus (NCB) and it will cost me for the privilege of cancelling too.

Is there any way I can insure the new car, before the 17th June with the 10 years NCB I will have accumulated on the 17th June. (No claims will be made before 17th June as the car is in bits now and registered as scrapped).

I don't want to remain with my existing insurer as they are much more expensive than other quotes I've had and they would charge me to transfer the old insurance to the new car.

In short: Is there any way to insure my new car, with the 10 years NCB instead of 9 years NCB and drive away on the 7th, without having to wait until the 17th when I will have my 10 years NCB?

Thanks in advance.

ciderboy2009

Is the difference between 9 & 10 years no claims bonus really going to make a meaningful difference?

Personally, I wouldn't worry about it.

Asghar

Antmanbrooks wrote: »

In short: Is there any way to insure my new car, with the 10 years NCB instead of 9 years NCB and drive away on the 7th, without having to wait until the 17th when I will have my 10 years NCB?

How do you expect to use the 9 years NCB to insure a car when it is already active on your current policy, pretty sure that is illegal.

Only way I can see is wait till after the 17th or transfer your current insurance to the new car until the the 17th and then move elsewhere if they are expensive.

Antmanbrooks

Thanks for the replies. I'm not actually sure if it's meaningful or not to be fair? I expected it would be though? After all what's the point of NCB if it makes no difference?

I'm not sure of the legality, I'm not a car insurance expert, hence me asking if anyone else has any advice. I kind of suspected I would have to wait.

Currently it's looking like I will have to cancel the old policy 10 days before it expires anyway, being charged for that and renewing without the extra years NCB or waiting 10 days before I can drive my new car with the extra year NCB.

That's why I'm asking if anyone knows of another way of doing this?

marliepanda

Antmanbrooks wrote: »

Thanks for the replies. I'm not actually sure if it's meaningful or not to be fair? I expected it would be though? After all what's the point of NCB if it makes no difference?

I'm not sure of the legality, I'm not a car insurance expert, hence me asking if anyone else has any advice. I kind of suspected I would have to wait.

Currently it's looking like I will have to cancel the old policy 10 days before it expires anyway, being charged for that and renewing without the extra years NCB or waiting 10 days before I can drive my new car with the extra year NCB.

That's why I'm asking if anyone knows of another way of doing this?

What they are saying is the maximum discount for NCB will be the same with either 9/10 years NCB.

Antmanbrooks

I see. Thanks for clarifying.

paddyandstumpy

As you have scrapped your vehicle you have an obgligation to tell your current insurer the vehicle is no longer in your possession, and you will have 2 choices:

1) change of vehicle to the new one, paying any appropriate AP for the change.
2) cancelling the policy.

They may be willing to 'hold' the policy open until renewal without a car on cover, but I doubt it.

There will be little to none difference between 9 years NCD and 10 years NCD. Most insurers maximum discount is 9 years.

Antmanbrooks

Thanks very much. I did inform them that the car was being scrapped and they didn't say anything about having to cancel the policy. I asked how much it would cost to do so and they gave me a price, but that was that.

I think I'll just cancel the policy now if it's not going to make any difference to my new quote. I thought it might make a big difference to the cost but if it's not going to make any difference then fair enough.