Insuring for 5 months and NCB

lowacin

Hi! I am due to leave the country on 1st September and my car insurance expires on 20th April. I will need the car between that time, what is the best way of doing this - pay monthly and cancel, or pay upfront and cancel? I assume there will be fees either way. I have not managed to find a temporary insurer that will do 5 months.

I also wondered what would happen to my NCB if I cancel after 5 months. I am planning on being away for 1-2 years, and know that NCB will last for up to 2, but would my break from insurance start from when I cancel the insurance, or the last full year if that makes sense? Is it better to keep it going for a year to get another years NCB, then start the break from insurance after that? I will have 7 years when I renew.

Thanks in advance!

Veteransaver

Aviva do a policy, or used to, which was monthly. Might be worth getting a quote for that and working out whether 5 months of that works out cheaper than an annual + cancellation 

DullGreyGuy

In most cases a policy is 12 months, ignoring temp cover, if you pay monthly or pay annually only changes if you are getting a loan to pay the premiums monthly or not. Other than the interest there will be no difference between paying in full and cancelling or getting a loan and cancelling. 

Some insurers will issue you a new NCD if you cancel mid term, others will advise you to use the proof you used to move the NCD to them in the first place. The longer you've held the policy the more likely they'll give you a fresh proof which resets the 2 years. 

What are you doing with the car in September? Selling it? SORN?