Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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hey...
i currently have 4 years ncb. i renewed my insurance in may, so have 8 months left. the chances of my car being sold are high and i won't be buying a new car at the moment.
1. will i get some money back from the insurance company for the moths i have left? or will they let it run so i have 5 years ncb?
please don't laugh at my potentially stupid question, i haven't been in this situation before and have no idea  
2. also, is there a time limit for ncb to run out? i have a company car so don't need my own insurance now, but in the future i don't want to have lost my 4 years ncb?
thanks
tim
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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Didn't you make a post yesterday saying you weren't ever going sell it?
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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yes
i was torn between keeping it and not because it gets driven 1 or 2 times a month max.
someone rang me today about it and i'll happily sell it and get something again in a few months
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Half Pint
Member
Registered: 25th Mar 02
User status: Offline
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think you can freeze insurance for a certain amount of time.
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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does anyone know for definate?... i'd ring the insurance company but they are currently closed for business. i'm with adrian flux by the way
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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You cancel & they refund a % - wont be alot!!
How can they continue it to reach 5yrs ncd if theres no car to insure
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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You have these options:
1. Cancel insurance and get refunded what you havnt used
2. Change insured car to another car in your family with a low a group as possible to maintain it till you get the 5 yrs NCD...then when you buy another swap the cars again..
3. Do nothing continue to pay monthly payments then change car when you get another...
Think thats it...
I would go with option 2 as I would not want to waste the 4 months in your 5th yr NCD you have gained...
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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Also im sure if you dont have your own insurance for 3 years you cant use the NCD anymore...
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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Option 2 - who has a car lying around uninsured though to switch to, I know I dont??
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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Cant you opt out of the company car, save a bundle on tax & Get the car you want???
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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when the company car is currently an mx5 or rx8 i don't really want to opt out. get fuel benefits to so i rarely have to stop at an actual garage and fill up.
on my 206 the insurance was all paid in one lump sum at the start. i'll have to ring them and see what they say
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DarkBahamut
Member
Registered: 4th Jun 06
Location: Cambridge, Cambridgeshire
User status: Offline
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quote:
Originally posted by MarkM
Also im sure if you dont have your own insurance for 3 years you cant use the NCD anymore...
I thought it was 2 years without driving that your ncb is lost, or at least partly lost?
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