Insuring two cars simultaneously

[Ari]

I'm full of questions tonight.

Hopefully about to buy a new (used) car privately end of next month.

Obviously there's no part exchange facility and if I simply sell my MX5 to a dealer it's going to be a low bid (fair enough, they've got to make a profit).

I can just about stretch to the new one without selling the old one so I'm thinking get new car, put old car up at a low price somewhere between dealer buy in price and normal advertised price and hopefully someone will get a bit of a bargain and I'll be a bit better off than if I'd just given it away to a dealer.

But there'll be an overlap. What's the easiest/cheapest way to have both cars insured till the old one is sold?

[tubbystu]

Ari said:

But there'll be an overlap. What's the easiest/cheapest way to have both cars insured till the old one is sold?

Get a quote from your current insurer to transfer the policy to the new car from a fictitious date and then see what others will offer as a new policy.

If other offers are lower just start the new insurance off and maintain the old policy until you sell, perhaps ?

Otherwise you will need to talk to your broker, which in this digital age may be time consuming and frustrating depending on how online nor not they are.

[robsti]

Tell your insurance that you have bought a new car and you are selling your old car and they will let you insure the old car for about £20 a month for 2 months!

[Ari]

Ah, ideal, thank you! I'll give that a go.

I'm going to price it pretty competitively so it hopefully won't hang around (plus it'll be March by which time people might be starting to think about open top sports cars).

[DannyVTS]

robsti said:

Tell your insurance that you have bought a new car and you are selling your old car and they will let you insure the old car for about £20 a month for 2 months!

Yes but that will mean you only get fire and theft cover on one of the cars rather than proper insurance

[Ari]

As I shan't be using it (except for a test drive) that might not be an issue.

[robsti]

DannyVTS said:

robsti said:

Tell your insurance that you have bought a new car and you are selling your old car and they will let you insure the old car for about £20 a month for 2 months!

Yes but that will mean you only get fire and theft cover on one of the cars rather than proper insurance

No!

[m4tt]

DannyVTS said:

robsti said:

Tell your insurance that you have bought a new car and you are selling your old car and they will let you insure the old car for about £20 a month for 2 months!

Yes but that will mean you only get fire and theft cover on one of the cars rather than proper insurance

Complete rubbish, I've done it a few times. Any decent insurance company will insure both cars properly if you ask them to.

[jeff m]

This is Pistonheads.
If you do not have two or three cars simultaneously insured you shouldn't be here.

You have six months to rectify this defficiency.

Mods, deal with this blasphemy.