not using car - shall I insure it
Discussion
basically I've been in exiled in London for a couple of years now. Dont need (and dont particularily) want the car in London - its too much hassle and I cycle everywhere anyway.
thing is the jam jar has been declared SORN for nearly 2 years at my parents. If I need to use a car I can use my parents car so its not a problem. Just received the insurance quote and they now want over 400 quid to insure it which is a signifiant hike. The issue now is that unless I insure her again (subject to Mot and taxing her obvs) I'll start to lose my NCB on her as ive had my 2 years of no insurance..
I think I have 3 or 4 years NCB now. I presume if I want to get something a bit tastier in 3 or 4 years when we move out of London, it isnt going to look too good if I try and insure a TVR or a Porker aged 30 with no NCB.
So on that basis, even though its of little use to me (apart from the odd hoon when I go home) would I be advised to swallow the 600 quid or so it will cost me to insure, tax and MOT her and take it on the chin? Just thinking ahead, thats all....
thing is the jam jar has been declared SORN for nearly 2 years at my parents. If I need to use a car I can use my parents car so its not a problem. Just received the insurance quote and they now want over 400 quid to insure it which is a signifiant hike. The issue now is that unless I insure her again (subject to Mot and taxing her obvs) I'll start to lose my NCB on her as ive had my 2 years of no insurance..
I think I have 3 or 4 years NCB now. I presume if I want to get something a bit tastier in 3 or 4 years when we move out of London, it isnt going to look too good if I try and insure a TVR or a Porker aged 30 with no NCB.
So on that basis, even though its of little use to me (apart from the odd hoon when I go home) would I be advised to swallow the 600 quid or so it will cost me to insure, tax and MOT her and take it on the chin? Just thinking ahead, thats all....
You certainly need to consider the options.
You could insure a car you never drive such as a metro or similar car. You could pick one up for £200 odd with decent MOT. In that way you avoid the costs of losing your NCB and you should save £200++ over insuring and Moting your existing car.
Since the car will never be on the road (your choice you could drive it!) if you pick a low group car that seems the best way to me.
It is certainly worth keeping you NCB. Mine is worth £900 a year now.
Over the four++ years to get your NCB back you would lose Getting on for £2000.
You could insure a car you never drive such as a metro or similar car. You could pick one up for £200 odd with decent MOT. In that way you avoid the costs of losing your NCB and you should save £200++ over insuring and Moting your existing car.
Since the car will never be on the road (your choice you could drive it!) if you pick a low group car that seems the best way to me.
It is certainly worth keeping you NCB. Mine is worth £900 a year now.
Over the four++ years to get your NCB back you would lose Getting on for £2000.
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