NCD mirroring strategy

[MobiusPizza]

Hi

I am getting a new car soon but I would like to keep my old car for occasional commute and leisure.

I want to save as much money as possible on insuring them. I know that using my 8 years NCD on the new car would be sensible, as it is much more expensive car than my current one. I am currently 6 months in my current insurance policy for my old car.

1. There are some small insurance brokers that offer mirrored NCD, anyone can point me to a few of them? If I go with them I will have to cancel my current insurance?

2. What is preventing me from a) change the vehicle on my current policy to my new car (I am 6 months in) b) Use my old renewal letter as NCD proof for a new policy on my old car (Some company accept NCD proof as old as 2 years, e.g. directline)? This effectively allow me to mirror the NCD? This sounds underhanded but I don't see how this is not legal?

[TooMany2cvs]

MobiusPizza said:

2. What is preventing me from a) change the vehicle on my current policy to my new car (I am 6 months in) b) Use my old renewal letter as NCD proof for a new policy on my old car (Some company accept NCD proof as old as 2 years, e.g. directline)? This effectively allow me to mirror the NCD? This sounds underhanded but I don't see how this is not legal?

Apart from the small detail that you'd be - in the old name of the fraud offence - obtaining a pecuniary advantage through deception?
And that, as soon as the insurers twig, you'll have the policy cancelled, which you'll have to declare from now on until you're in a box?

Exactly how much extra is that second premium going to be, anyway?

[steveo3002]

be wiser mirrored ours

[Mr. Nice Guy]

Flux mirrored mine

[vikingaero]

Axa mirrored 2 of mine.

[lostkiwi]

Or look at a multicar policy where one NCD covers both cars.

[MobiusPizza]

TooMany2cvs said:

Apart from the small detail that you'd be - in the old name of the fraud offence - obtaining a pecuniary advantage through deception?
And that, as soon as the insurers twig, you'll have the policy cancelled, which you'll have to declare from now on until you're in a box?

Exactly how much extra is that second premium going to be, anyway?

Thanks. Yeah I just read the small print that NCD can only be used on 1 policy. Though I have to question the insurers, I can physically be in one of my car, it's a bit unfair that NCD does not follow the person!

2nd premium is about £500 extra without the NCD

[MobiusPizza]

Thanks others for the recommendations, I will ring them all to see.

lostkiwi said:

Or look at a multicar policy where one NCD covers both cars.

As far as I know, multicar policy providers such as Aviva, still consider separate NCD for the two cars. I did a quote and that's what it asked me, two NCD separately. It is only that they offer 10-15% discount if you take both policy together,

[lostkiwi]

MobiusPizza said:

Thanks others for the recommendations, I will ring them all to see.

lostkiwi said:

Or look at a multicar policy where one NCD covers both cars.

As far as I know, multicar policy providers such as Aviva, still consider separate NCD for the two cars. I did a quote and that's what it asked me, two NCD separately. It is only that they offer 10-15% discount if you take both policy together,

Admiral share the NCD across both (or they did when I bought my 500SL).

[vikingaero]

MobiusPizza said:

Thanks. Yeah I just read the small print that NCD can only be used on 1 policy. Though I have to question the insurers, I can physically be in one of my car, it's a bit unfair that NCD does not follow the person!

2nd premium is about £500 extra without the NCD

Your 2nd car could be vandalised/hit whilst you are driving the 1st car.

Or you could illegally lend out the 2nd car to a 3rd party and involve your Insurer in a Road Traffic Act liability.

[MobiusPizza]

lostkiwi said:

Admiral share the NCD across both (or they did when I bought my 500SL).

I just tried Admiral online quote and it says
"No Claims Bonus cannot be used on more than one car at a time. Therefore the No Claims Bonus entered must only be used on this car."

Maybe I need to speak to them through the phone and bargain it that way.

[MobiusPizza]

vikingaero said:

Your 2nd car could be vandalised/hit whilst you are driving the 1st car.

Or you could illegally lend out the 2nd car to a 3rd party and involve your Insurer in a Road Traffic Act liability.

Yes but I still pays them extra by having two policy. I can accept a bit of premium payment for the increased risk you mentioned, but not the difference as much as having no NCD on one of the car.

The 2nd possibility is moot because if I haven't named any driver on my policy, that car is not insured if not driven by me. If my son stole it himself and drove it, I can't claim for any damage so th risk does not concern my insurance company.

[Max5476]

your going to have to get off the internet and start ringing some people up i'm afraid - but there are companies which will do it.

I recently had the same problem with motorbikes - my current insurer was happy to add the second bike for £650, or swap bikes on the policy for £700. I spoke to a company who happily mirrored my NCB and insured it for a competitive £400, all without worry as I explained the situation on the phone and they confirmed it was all above board.

[vikingaero]

MobiusPizza said:

vikingaero said:

Your 2nd car could be vandalised/hit whilst you are driving the 1st car.

Or you could illegally lend out the 2nd car to a 3rd party and involve your Insurer in a Road Traffic Act liability.

Yes but I still pays them extra by having two policy. I can accept a bit of premium payment for the increased risk you mentioned, but not the difference as much as having no NCD on one of the car.

The 2nd possibility is moot because if I haven't named any driver on my policy, that car is not insured if not driven by me. If my son stole it himself and drove it, I can't claim for any damage so th risk does not concern my insurance company.

So wrong. I haven't worked for an Insurance Company for a while but I'm fairly sure Section 151 of the RTA applies - named driver or stolen car.

[KungFuPanda]

MobiusPizza said:

vikingaero said:

Your 2nd car could be vandalised/hit whilst you are driving the 1st car.

Or you could illegally lend out the 2nd car to a 3rd party and involve your Insurer in a Road Traffic Act liability.

Yes but I still pays them extra by having two policy. I can accept a bit of premium payment for the increased risk you mentioned, but not the difference as much as having no NCD on one of the car.

The 2nd possibility is moot because if I haven't named any driver on my policy, that car is not insured if not driven by me. If my son stole it himself and drove it, I can't claim for any damage so th risk does not concern my insurance company.

If someone stole the second car and hit a third party, causing them injury, your insurer would still have to pick up the tab under their RTA liabilities.

[steveo3002]

steveo3002 said:

be wiser mirrored ours

just to be clear ...car 1 insured with xyz company , be wiser happy to match the ncd when shown proof its being used on car 1

[Gareth79]

MobiusPizza said:

lostkiwi said:

Admiral share the NCD across both (or they did when I bought my 500SL).

I just tried Admiral online quote and it says
"No Claims Bonus cannot be used on more than one car at a time. Therefore the No Claims Bonus entered must only be used on this car."

Maybe I need to speak to them through the phone and bargain it that way.

I am insured as the sole driver on two cars with Admiral Multicar, one has 10+ years NCD the other has zero, and the premiums are pretty much at a level as if both had 10 years.

[robsdesk]

Admiral mirrored my 9 years NCB from my main car to my VX220, made them by far the cheapest this year, next time it's up I've got lots of NCB for that policy available to go elsewhere. Did this via the call centre - no hassle at all.

[Debaser]

I insured a second car through A Plan, they mirrored my no claims.

[Mandat]

MobiusPizza said:

Thanks. Yeah I just read the small print that NCD can only be used on 1 policy. Though I have to question the insurers, I can physically be in one of my car, it's a bit unfair that NCD does not follow the person!

2nd premium is about £500 extra without the NCD

If you give it some more thought you might realise that the system that you propose is actually not that beneficial.

Say, that you have a single NCD that is personal to yourself, what happens when a claim is made on any of the policies that you hold for one of you various cars? You will lose NCD on all of your policies, and not just for the policy where the claim is made.