Insurance matters - mving between new and old car

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Wed 11 Jul 2012 14:26
Insurance matters - mving between new and old car - NW68

My wife has recently bought a new car and has taken out insurance (using her NCB) with a different company from which we used on her old car.We are in the process of selling her old car and having paid for the insurance in a lump sum on the old car presume we are effectively still insured for both cars.Is this the case ? I have heard you cant have two policies or use NCB on different policies ? I suspect if i rang the old cars insurance company there would be some sort of charge which I dont really want to incur on a car that I am hoping to sell soon.

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Wed 8 Aug 2012 12:46
Insurance matters - mving between new and old car - alison21tigger

If you dont mind me asking, how did you sort thr situation out. I brought a new car, still insured on the old one as I need to drive it to a garage to get it fixed before I sell it but I told the new insurance company that i have 5 years no claims but I still have it on the old policy.

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Wed 8 Aug 2012 12:59
Insurance matters - mving between new and old car - thunderbird

You can only use the NCB on one car thus you are probably not insurred on one of your cars, at a guess the new one. Don't risk it get it sorted properly. Insurance comapnies use a database to prevent this happening.

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Wed 8 Aug 2012 17:12
Insurance matters - mving between new and old car - 72 dudes

I am not sure thunderbird is correct in this:

I have a multi-car policy for 3 vehicles and the max NCB has been spread across all 3.

Prior to the multi car policy I had 2 cars, both registered in my name, both insured with different companies and both with max protected NCB.

As long as you correctly answered the question "How many other cars do you drive/are in your household?" then as far as I can see, you are covered for both cars.

Worth checking, just to be sure. Some companies will offer extended insurance until the old vehicle is sold, subject to a small charge.

Edited by 72 dudes on 08/08/2012 at 17:14

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Wed 8 Aug 2012 17:31
Insurance matters - mving between new and old car - thunderbird

I have a multi-car policy for 3 vehicles and the max NCB has been spread across all 3.

Multicar policies are totally different and the OP never mentioned this, simply said "old car NCB moved to new car"

I have 2 cars with different insurers with max NCB one each. When I originally got the second car I started from scratch and had to build up my NCB. If I bought another car I would have top start from scratch with that car again (unless I sold a car of course).

"As long as you correctly answered the question "How many other cars do you drive/are in your household?" then as far as I can see, you are covered for both cars" is totally irrelevant to this question, that is just a standard question they ask you on the phone.

Just look at the other threads where people have either lied or failed to disclose info to their insurance company, you don't want to go there, the Poilce take a dim view when you are not insured.

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Wed 8 Aug 2012 18:18
Insurance matters - mving between new and old car - MavisCruet

OP - you have two cars and two policies - fine you are insured for both - but the ncb thing needs checking with your insurer asap....

Your NCB is on your old car, so, say for example you had 3 years NCB when you started the policy on the old car - you won't have 4 years NCB to take to your new car until the END of this current insurance period - so when your new insurers asked for proof of NCB how did you do that? Or did you not count the last 'part year' on the old one?

Same to Alison - I suspect you only have four years not five as your last year is still 'running' while the policy on the old car is still being used - unless you're coming up for 6 years?

As Thunderbird says you may not be insured at all - as technically you have lied to get a better price in their eyes - if you are lucky they may just amend your premium by a few quid to take into account you made a mistake on your NCB. I would be very careful and check with them - my proof of NCB hasn't arrived at my new insurer so I'm having to send it again - and the warning letter states if they don't get it by a certain date they are CANCELLING the policy - and that in itself opens a whole new can of worms in obtaining future insurance.

In response to 72 dudes - the 'How many cars in your household' question is only asked because they figure the more cars you have the more likely you are to have a claim - e.g. - I have two cars so I've increased my chances of needing to claim for one of them being nicked/vandalised etc. It's not asked so you are covered for all of them on that policy or each car would be have to be declared - make, model, age etc and listed on your certificate of insurance.

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Tue 14 Aug 2012 19:49
Insurance matters - mving between new and old car - No FM2R II

As Thunderbird says you may not be insured at all - as technically you have lied to

In fact you are insured on both and will remain so. An insurer can retrospectively revoke your cover if they can show that the thing you mis-represented is somthing that would have caused them to refuse the insurance had they known about it.

In this case that is not so. They may have charged you a different premium, and thus are able to charge you that increase, but even that may not be significant dpending on what kind of intro discount they may have given normally.

You are certainly under paying though. And normally the existing insurer will refuce to confirm NCD until either their policy is cancelled/expired or you have agreed to a premium without NCD.

In fact the "how many cars in your household" is used for a couple of things; firstly they want to understand who is driving what. So, for example, if you had two experienced 50 yr old drivers, and one 17 year old learners, two new Mercs and a 5 year old Saxo, they they will know that the 17 year old is likely to be the main user of the Saxo and rate accordingly. This is less of an issue with a provisional licence, since they will assuem that one of you is always with the young driver.

The other use for that question is to understand use. If there are more drivers than cars, than each car usage is up from average. If there are less drivers than cars, then milage per vehicle will be down. they will rate accordingly. It will also help them understand how the driving other cars extension may be misused.

Claims from a car not in use, such as vandalism, theft, fire etc. Are trivial when compared to claims from cars in use - personal injury, replacement cars, amuilance chasers etc etc.

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Tue 14 Aug 2012 20:19
Insurance matters - mving between new and old car - skidpan

The OP insured her new car using the NCB from her own car that is still insured. The OP says that they don't want to tell the insurance company because they will charge them more.

OP, you are committing fraud, you are by your own admission witholding information to lower your premium.

Wake up to reality and pay up like genuine people do.

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Tue 14 Aug 2012 20:23
Insurance matters - mving between new and old car - No FM2R II

I believe you have to show knowledge and prior intent for fraud.

However, you are right in that they are paying less than they should and will, I expect, have to pay the correct amount at some point.

Also a bit daft to pay out loads of money in premiums to avoid a potential loss, and then risk it all for a few quid.

Oh, and do bear in mind, the law restricts what the insurer can do on Third Party risks, they can do what they like within the realms of their contract on your own damage. i.e. You damage the car, and you'll be singing for the repairs. But perhaps you've not got AD coverage anyway.

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Tue 14 Aug 2012 20:36
Insurance matters - mving between new and old car - skidpan

I believe you have to show knowledge and prior intent for fraud.

The OP says at the end of the first post "I suspect if i rang the old cars insurance company there would be some sort of charge which I dont really want to incur on a car that I am hoping to sell soon.".

How much more knowledge and prior intend do you want for gods sake, they are admitting it.

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Tue 14 Aug 2012 20:42
Insurance matters - mving between new and old car - No FM2R II

>>How much more knowledge and prior intend do you want for gods sake

I don't anything thanks. Nor do I care overly.

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