Car Insurance - Renewal and new vehicle

MFrancis1987

Hello,
My car insurance is due to expire on the 27th February for my current vehicle, but I am due to collect my new car on the 1st March and will also be part exchanging my current vehicle, and so I only need to insure this for two days.
I am looking for some advice on the most cost effective way to update everything. Should I just renew with the existing car and then change vehicle afterwards, in the hope that the premium is fairly consistent regardless of which insurer I choose, or should I insure my new car from the 28th February and then look to get some additional short term cover for my old vehicle?
Thanks in advance

TELLIT01

Check with your insurer to find out the difference in premium between the vehicles.  Unless it's substantial it probably won't be worth changing due to the cancellation fee.  I'm not sure you will be able to insure the new vehicle from the 28th as you won't be the owner, and assuming it's a brand new car it won't be registered.

frederick1950

Insure your new car from the 1st March then there will be no overlap problems with your NCD then take out 2 days temporary cover on your old car  with someone like tempcover.
I did this last year and it was only £15 for two days.

Sandtree

TELLIT01 said:

Check with your insurer to find out the difference in premium between the vehicles.

The slight risk of the above is if you are through a broker where premium differences are sourced from different insurers on their panel but the policy you buy will lock you into not just the broker but the insurer too.  Plus some have found that the cost of changing a vehicle is much higher than the cost of a new business policy on the same vehicle.

For the sake of 2 days I'd be tempted to consider short term insurance

Penelopa.Pitstop

TELLIT01 said:

Check with your insurer to find out the difference in premium between the vehicles.  Unless it's substantial it probably won't be worth changing due to the cancellation fee.  I'm not sure you will be able to insure the new vehicle from the 28th as you won't be the owner, and assuming it's a brand new car it won't be registered.

It's definitely possible to insure car that is not registered yet and before registration date. I did it in past, wasting 9 days of policy on nothing. Was misled by the dealer and that's why I insured it on earlier date.
Of course, in this case it's probably worth buying temporary insurance for old car.

daveyjp

2 days or 6 months same procedure.

Arrange insurance on old vehicle and alter the policy once the new car collection date is confirmed.  You may even get a partial refund.

Sandtree

daveyjp said:

2 days or 6 months same procedure.

6 months on a tempcover style policy would be very expensive so duration does change approach

daveyjp

Sandtree said:

daveyjp said:

2 days or 6 months same procedure.

6 months on a tempcover style policy would be very expensive so duration does change approach

It doesn't because temp cover isn't being suggested.  Its just an overcomplication.

Sandtree

daveyjp said:

Sandtree said:

daveyjp said:

2 days or 6 months same procedure.

6 months on a tempcover style policy would be very expensive so duration does change approach

It doesn't because temp cover isn't being suggested.  Its just an overcomplication.

For two days it should be a consideration... else you get the situation like the DL policy mentioned the other day which to do a change of vehicle for 11 months was more expensive by far than buying a 12 month policy on the same vehicle but to cancel the policy is a £50 admin fee. 

As mentioned 2 days cover can be way less than a cancellation or admin fee