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Author 2 insurance policies but now only one car - help!
M2RTY
Member
Registered: 25th May 01
User status: Offline
2nd Feb 09 at 13:04   View User's Profile U2U Member Reply With Quote
Just sold my BMW on Saturday and paid for a years insurance on the corsa starting 1st Feb

BMW insurance runs out May 2nd

I have 7 years NCB on BMW and 2 years on Corsa. I can drive other cars on my HIC insurance (corsa) but not with Virgin, it's something I need all the time!


Policy 1 BMW Virgin
Policy 2 Corsa HIC

I might be buying another car, but unsure when. I need to keep the Virgin policy active until May or I lose a years NCB, so the options I have are:


Option 1
Swap insurance for BMW over to Corsa
Keep HIC insurance
Cancel Virgin policy in May at renewal
Can still drive other cars

Option 2
Swap insurance for BMW over to Corsa
Stop HIC insurance and just reclaim the £150 I just paid
Keep Virgin policy and move across to another vendor in May
Can not drive other cars until May 2nd

Option 3
Swap insurance for BMW over to Corsa
Stop HIC insurance on May 2nd and get back some of the money
Keep Virgin policy and move across to another vendor in May
Can drive other cars


What would youd o?
TheCam
Member
Registered: 16th Mar 07
Location: Kirkcaldy
User status: Offline
2nd Feb 09 at 13:11   View User's Profile U2U Member Reply With Quote
Cant you keep your bm insurance running and when you buy a new car just transfer the insurance to the new car?
Kurt
Member
Registered: 23rd Oct 05
Location: Hi
User status: Offline
2nd Feb 09 at 13:16   View User's Profile U2U Member Reply With Quote
buy a £50 shitter and transfer the bmw insurance to that and leave it on the drive
M2RTY
Member
Registered: 25th May 01
User status: Offline
2nd Feb 09 at 13:22   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by TheCam
Cant you keep your bm insurance running and when you buy a new car just transfer the insurance to the new car?


yeah but its 55 quid a month, and I can knock it down to 8 quid a month if i swap it over to a cheap car

technically I wont have to own the car as i wont be making any claims on it, will just use it to build up my ncb so i dont have to cancel the insurance for a few months, or is that illegal

i could swap it over to the corsa and run 2 policies on that, only illegal if making 2 claims so i understand
swill_omnibus
Member
Registered: 12th Dec 07
Location: : S. wales Drives: Dodge Caliber
User status: Offline
2nd Feb 09 at 13:39   View User's Profile U2U Member Reply With Quote
Your NCD on the BMW will last anything UPTO 2 years. Anything after that they expire.

EDIT Thats if you don't allocate the 7 years to a car that is.

[Edited on 02-02-2009 by swill_omnibus]
Colin
Member
Registered: 4th Apr 02
User status: Offline
2nd Feb 09 at 15:55   View User's Profile U2U Member Reply With Quote
Just cancel the BMW one, the difference of 7 yrs NCB agains 8yrs will be feck all!!
Jay
Member
Registered: 26th Sep 04
Location: Liverpool
User status: Offline
2nd Feb 09 at 16:09   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Colin
Just cancel the BMW one, the difference of 7 yrs NCB agains 8yrs will be feck all!!


Yep, at £55 a month then you will probably pay more to get the 8 years NCB than you will save come renewal by having the extra year.

 
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