Insurance confusion - buying and selling
Discussion
Buying (nearly) new car, selling old one privately. Picking up new car tomorrow.
With AA insurance, paid annually, currently 2 months in. AA said they include 14 days cover on the old car free. Looking for a quick sale so hopefully that'd be enough.
However, a fresh quote with another insurer works out quite a bit cheaper and the AA guy I spoke with suggested I take out new insurance and just cancel the policy on the old car when it's sold.
Perfect, I thought... but then I realised he never mentioned no claims bonus (8 years). As I understand it, I can't use that on the new car while I still have it on the old car - so new car insurance would technically be invalid, or I get another quote without NCB.
Temp insurance on the old car for 14 days via Confused was... wow.
Any advice??
With AA insurance, paid annually, currently 2 months in. AA said they include 14 days cover on the old car free. Looking for a quick sale so hopefully that'd be enough.
However, a fresh quote with another insurer works out quite a bit cheaper and the AA guy I spoke with suggested I take out new insurance and just cancel the policy on the old car when it's sold.
Perfect, I thought... but then I realised he never mentioned no claims bonus (8 years). As I understand it, I can't use that on the new car while I still have it on the old car - so new car insurance would technically be invalid, or I get another quote without NCB.
Temp insurance on the old car for 14 days via Confused was... wow.
Any advice??
What's the cost to change current policy one car to the other? What is the "fee" to cancel current insurance?
If you cancel the policy you'll loose the two months of this year you've earned.
When I did this last I rang insurer A and gave them my cancellation date, Insured new car with insurer B and used the proof from my previous renewal letter from old insurer. Never had any questions on it.
Temp Insurance will ruin you, lord knows why it costs so much!
If you cancel the policy you'll loose the two months of this year you've earned.
When I did this last I rang insurer A and gave them my cancellation date, Insured new car with insurer B and used the proof from my previous renewal letter from old insurer. Never had any questions on it.
Temp Insurance will ruin you, lord knows why it costs so much!
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