How to manage insurance policy between cars
Discussion
Long story short, I put my S2000 into a tyre wall last year, and have since been slowly recovering cash by breaking it.
In the meantime I bought a little Swift Sport to keep me mobile (and smiling)
I'm now starting to look around for what might replace the Honda. My original plan was to recoup money, buy new car, sell the Swift. However (and perhaps unsurprisingly) the modest money tied up in the Swift would prove useful to notch the fund up a touch.
So, I'm thinking of selling the Swift prior to finding the next long-termer (I've got another car that can keep my mobile, albeit one I don't really want to plough big miles onto), but that will mean cancelling my 'main' insurance policy (on the Swift, which was moved from the S2000) complete with 11 or so years no claims.
Is there any disadvantage to a break in this cover? Can the no claims ne retained? Is there a better way of managing this?
Thanks
In the meantime I bought a little Swift Sport to keep me mobile (and smiling)
I'm now starting to look around for what might replace the Honda. My original plan was to recoup money, buy new car, sell the Swift. However (and perhaps unsurprisingly) the modest money tied up in the Swift would prove useful to notch the fund up a touch.
So, I'm thinking of selling the Swift prior to finding the next long-termer (I've got another car that can keep my mobile, albeit one I don't really want to plough big miles onto), but that will mean cancelling my 'main' insurance policy (on the Swift, which was moved from the S2000) complete with 11 or so years no claims.
Is there any disadvantage to a break in this cover? Can the no claims ne retained? Is there a better way of managing this?
Thanks
All the main insurers will send you a certificate of your no claims entitlement when you cancel the policy.
They are generally valid for 2 years.
You need to check the individual company to make sure, I don't know, or want to know, who you are insured with.
One definite benefit of cancelling and then re-insuring is that instead of staying with the same company regardless, you will hopefully check the market for who among the decent quality insurers has the marketing push discounts running this week combined with who likes the combination of you, your car choice and your postcode best. And you will always get a better price if you are able to do your search say two weeks+ before you need the insurance.
They are generally valid for 2 years.
You need to check the individual company to make sure, I don't know, or want to know, who you are insured with.
One definite benefit of cancelling and then re-insuring is that instead of staying with the same company regardless, you will hopefully check the market for who among the decent quality insurers has the marketing push discounts running this week combined with who likes the combination of you, your car choice and your postcode best. And you will always get a better price if you are able to do your search say two weeks+ before you need the insurance.
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