Short term insurance for car that I am selling??

Nelumbo

I just got a new car, I will be selling my old one, but have found out you need to insure it even if its parked on the drive not doing anything.
It has tax and MOT. I have only just advertised it for sale so don't know how long I will need insurance for? 
Can anyone help?

macman

Have you cancelled the existing insurance on it?
You need to insure it unless you SORN it.

AdrianC

Nelumbo said:

...but have found out you need to insure it even if its parked on the drive not doing anything.
It has tax and MOT.

You don't need to insure it if it's "just parked on the drive not doing anything".
But you DO need to insure it if it's taxed. You could SORN it, then you won't need the insurance.

But, of course, being uninsured and SORNed will make selling it more difficult.

Find an insurer that offers good cancellation terms.

Nelumbo

I changed my car on my insurance policy to the new one. So now I have to get insurance on the old one again just to sell it, I am getting quotes of £250 for 30 days, this isn't affordable?!

AdrianC

So buy a normal policy, and then cancel it.

Short-term policies are always disproportionately expensive.

NottinghamKnight

Nelumbo said:

I changed my car on my insurance policy to the new one. So now I have to get insurance on the old one again just to sell it, I am getting quotes of £250 for 30 days, this isn't affordable?!

Why didn't you trade it in or at least consider this before the new purchase. How much is ti worth?

Sandtree

Do you know how long its going to be? The risk is that it doesnt sell as quickly as you think and so will need to be kept on insurance for a while. Your options are:

1) Buy a normal policy and cancel it once it sells
2) Add the car onto your existing policy as a temporary additional vehicle
3) Buy a short term policy and renew if needed and cancel once it sells

You need to look into the relative costs of each option including the cancellation charges. Short term insurance is always more expensive per day than annual policies and so at times it can be false economy to buy short term (especially if you dont know if its 2 weeks or 6 months). If looking at annual policies read the T&Cs with a fine tooth comb as some, particularly via brokers, become very expensive if cancelled mid term.  

Also remember you can only use NCD on one policy at a time so dont make the mistake of trying to use it on both

cpbackhouse

As mentioned by Sandtree, we just added the car to the existing insurance when we were trying to sell it. For us it was very reasonable something like £30 for 2 weeks. Even when it took us 4 weeks to finally get the sale sorted the insurance company were very happy to extend for another 2 weeks. 
I would try them first.

alembicbassman

Direct Line added an additional vehicle to a family member's policy for 1 month for £30. He was able to do this for a maximum of 3 months. 

[Deleted User]

I have seen adverts for insurance just for say a person finishing a drive home (the sort you see over the urinal in service stations). That might be a possibility to insure someone for a test drive though I have never looked into these in detail, I don't know if the car must properly be insured as well?

Sandtree

Deleted_User said:

I have seen adverts for insurance just for say a person finishing a drive home (the sort you see over the urinal in service stations). That might be a possibility to insure someone for a test drive though I have never looked into these in detail, I don't know if the car must properly be insured as well?

The car must either be insured or SORNed