Don't know if anyone has had experience of this, I am guessing it is not an uncommon situation.
I have just bought a car privately and so am going to be selling my old one (the VW Polo, once I get the central locking problem fixed!). I have switched my main insurance policy to the new car as that's the one I'll be driving. I need some insurance for the Polo to cover fire, theft, and me driving to the MOT station and back.
First question: my current insurer (Diamond) won't offer any cover for unnamed drivers taking it out for a test drive, is it standard to rely on the potential buyer's policy and their cover for driving other cars? Presumably this would only cover third parties and wouldn't cover any damage to my car should they have a bump?
Second question: considering it was previously costing me £180 for the year to cover the Polo, fully comp, to be driven regularly, I was surprised to be quoted £26 for four weeks insurance as an additional car, third party fire and theft only, when the likelihood is it will do 100 miles if that during the period. Is this fairly standard? Are there any insurers who specialise in good deals for this type of short-term second car insurance?
Apologies for the naive questions, I've never sold a car privately like this before, would be interested to hear your opinions and expertise!
Thanks
Ellie
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I assume your normal cover is for yourself and possibly another named driver, on that basis unwillingness of Diamond to extend to any driver accords with my own experience (Liverpool Vic). I think most people selling a sub £1k car in your circs "wing it" on the potential buyers insurance. Certainly did that selling a 205 for £400 five years ago. Did take precaution of asking potential buyers to confirm verbally they had doc cover, and have advantage of a good local test drive circuit on country lanes.
I'd judge £26 is a good deal for four weeks short term TPFT.
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Yes, the £26 is good value for what you want - the paperwork would cost most of that I guess.
I doubt any other insurer would be much interested in suplying a months insurance at a reasonable rate. The best chance is to ask your own insurer if they can give you a bit of cover for your old car when you call them to change it to a new one.
The last time I swapped cars, Direct Line gave me a months cover free on my old car when I changed the policy details to the new car. It can't harm asking.
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How old is this polo,and what is it worth ?
and i mean what price would you expect to have a queue of people waiting to buy it , not the parker's private sale price, which will allow you to sit waioting for the phone to ring.
Is it worth spending your money to fix things , advertise, insure and tax untill a buyer comes along ?
If it is an old car it may be worth selling with faults immediately and get whatever you can, maybe try ebay.
Of course if by old car , you mean 3 years old , please ignore everything i just said.
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I recently bought a newish car prior to selling my old car (worth about £13,000). Naturally I wanted to make sure the other car was still insured whilst I was selling it especially due to the high value. So my insurer (Directline) gave me ad-hoc insurance cover on the old car on a day by day basis, and from what I remember 2 weeks cost about £22 which was worth it for the peace of mind.
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I should think the Polo's worth IRO £2.5K - not a fortune but not an amount I really want to risk losing entirely should something untoward happen to the car. I asked Diamond about 'overlap' insurance but they don't offer it. I guess £26 is hardly a lot of money, it just surprised me that it was so high compared to the costs of my annual policy.
Sounds like it is just one of those things, I suppose I just thought it might be a bit easier, and a bit cheaper! (I'm selling a 2.5K car to buy a £4.5K one so we are hardly talking meabucks here :) )
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