Can you transfer no claims to an existing policy?

[ewanjp]

I'm getting a company car, which will primarily be driven by my partner.

This means we'll get rid of her car which she has lots of no claims on. I happen to have a pickup truck which we both drive (like 500 miles a year - max) so could be insured in either of our names.

Is it possible to transfer no claims to a policy once it's started (the pick up is due for it's insurance shortly) - I'm thinking I may insure the pick up in my wifes name, and then transfer her no claims over. Also - is this legal, the V5 is in my name not my wife's but I *think* that doesn't actually matter...

[Shiv_P]

Cancel the policy and retake one with the NCB applied.

[trevalvole]

As proof of no claims is usually valid for 2 years after the insurance has finished, why not just transfer it over when the pickup insurance is due for renewal?

[ewanjp]

Should be getting the company car in a month or so, the pickup insurance is due in a couple of weeks. So if I insure her on the pickup, she'd have no no claims on it, for a year (presumably more expensive). Ideally I'd want to transfer the no claims when the company car arrives and we've sold the old car on ebay. Is that not a thing?

[Dingu]

It can be a thing yes. But as always check with the particular company you plan to insure with.

[ewanjp]

Seems tricky to do online. Will investigate further now i know it can be a thing / give up if it seems hard! thanks!

[trevalvole]

One thing that might be worth checking when you initially insure the pickup in two weeks' time, is that insurances usually have a cooling-off/cancellation period which iirc is a minimum of 14 days - you might be able to find one with a longer period, so when you've got the company car you could have the option of cancelling the pickup insurance and getting a new policy with the no-claims. It might also be worth checking the cancellation/policy admin charges on the pickup policy.

[TwigtheWonderkid]

ewanjp said:

This means we'll get rid of her car which she has lots of no claims on.

Then don't cancel it, do a substitution to the pick up, and cancel the existing pick up policy.

[Skyedriver]

I had a car I'd owned for a number of years with full NCB. Hung onto it for a while after I bought a replacement, the replacement was set up with no NCB.
When i eventually sold the first car i asked the insurance company of the replacement if I could transfer the NCB (and I expected a refund).
Yes no problem, that'll be £75 please sir.

Didn't bother and won't ever use that particular insurance company again.

[ARHarh]

I would check the difference in cost between no NCB and full NCB just to make sure all this is worth the effort. When I first insured my MX5 I had no NCB to use and it has not really got any cheaper in the 8 years I have owned it, the price tends to rise the same amount as inflation each year, even though it now has 8 years NCB. Disclaimer I am old though.