Car Insurance: Keeping 2 no claims bonuses

blueye

oh and before you do this make sure you keep either your wifes or your old policy somewhere safe so you have all the details of previouse insurer, a years a long time and you still need all this info when the named driver becomes policy holder to keep the ncd. hope that makes sence

lisyloo

to get round the concern over the 2 years and one day, get the policy to start a day early

I'm not trying to picky, but could you not run into problems with having 2 policies for the same risk?

Seems a lot easier to me to just change it every year.

Steve1981

lisyloo wrote: »

Assuming you both share the car relatively equally then could you alternate the insurance?
I believe NCD is valid for 2 years(?).

You would need to check up on this and of course it wont work if one of you genuinely is the main driver.

.

main driver in this situation is irrelevant, a husband can be the main driver on a wifes policy and visa versa. you are correct from one insurer to another NCD is valid for 2 years (sometime if a company is the last insurer they will go back 3 years)

easiest way to do it is take pol say in husbands name then at renewal switch to wife, then next year back again.

is important to keep the last renewal notice when the ncd is not being used or at least a record of who it was with.

another benefit of all this is that you get to start as a new customer each year so will prob benefit from new customer discounts

Steve1981

Quentin wrote: »

There is no reason why you couldn't do it every 2 years (to get round the concern over the 2 years and one day, get the policy to start a day early).

aside of the being insured twice issue you mean?

Steve1981

shelly wrote: »

My only thought is to buy the cheapest banger you can find and one of you insure it to keep your NCB live. Park it on a private driveway or in garage and declare it SORN so you don't have to pay road tax on it.


Edit to add~ everyone beat me to it (got distracted by a phone call)

Thats an even better idea than mine, swap the policy holder over every year. I'm sure that even with having a break your NCB would stay max and up to date so long as you keep any renewal notices as proof should you need them.

if a car is SORN can it be insured? why would it need to be?

the ncd would stay at the level the policy ended on, so if maximum then would start the next pol at maximum

Quentin

Could get stolen.

raskazz

Steve1981 wrote: »

if a car is SORN can it be insured? why would it need to be?

the ncd would stay at the level the policy ended on, so if maximum then would start the next pol at maximum

SORNed cars can be insured. Lots of people insure SORNed cars against the risk of theft, on 'laid-up' policies.

However, the best solution to the OP's problem is very much swapping the policyholder at each renewal.

Steve1981

Quentin wrote: »

Could get stolen.

yeah fair point, i never thought of that for some reason I always think of an old piece or crap thats festering in a field somewhere when i think of a SORN'd vehicle. not sure why though

shelly

Steve1981 wrote: »

if a car is SORN can it be insured? why would it need to be?

Well my hubbys bike is SORN and thats insured so I guess you can do it for a car too.
Like Quentin said, (and IMO) it should still be insured as it could get stolen and if its on the driveway arsonists could take a fancy to it.

lisyloo

Lots of very decent motorbikes are SORNed oevr the winter, but the owners still want insurance against theft.