Query for insurance bods

[Dangerous Dan]

Hi all.

I have a query regarding insurance, specifically fully comp insurance and no-claims.

I am in a situation where I may be selling my current car and being without a car for up to, or even over, a year. What happens to my no-claims bonus during this time? Would I have to cancel my current policy? Will I lose all my no-claims and have to build them back up when I get a new car (and thus a new policy)?

Help

[marshalla]

It depends.
Yes, because there is nothing to insure.
It depends - on your next insurer.

[exgtt]

Think up to 2 years without a car is fairly typical before NCB expire. It is with direct line priv etc.

Ps i cancelled my car insurance 7 months in (sold car), then reused the 3 years ncb 18 months later with direct line no probs.

Edited by exgtt on Tuesday 4th January 18:12

[Paul Drawmer]

marshalla said:

It depends.
Yes, because there is nothing to insure.
It depends - on your next insurer.

This is correct. The last part is important, there are no set 'rules' for NCD. Different companies treat it in different ways.

As with most insurance queries, ask the company concerned at the time. However, many companies will honour NCD earned for up to two years, provided your UK car driving has been continuous over that period.

[Dangerous Dan]

I am with Direct Line.

I guess I'll have to run this by them in the morning and see what they say regarding this. Current car is too costly to repair and just has to go.

C'est la vie.

[exgtt]

Dangerous Dan said:

I am with Direct Line.

I guess I'll have to run this by them in the morning and see what they say regarding this. Current car is too costly to repair and just has to go.

C'est la vie.

Direct line will say you will need to cancel your policy (cannot suspend up to a year), you will not lose your no claims, and your no claims will be valid for 3 years as long as its not used again elsewhere if you go back to direct line. They accept no claims discount up to 2 years since last use from other companies, and up to 3 years if your a previous direct line customer.

[Dangerous Dan]

That's excellent news, cheers dude!

[littleredrooster]

Be careful if cancelling a policy. It may be worth your while to let it run if it would otherwise cost you to cancel - i.e if the admin fee exceeds the return value. Read the small print first.

The only time it becomes fraudulent is if you try to make a claim on something in which you have no insurable interest, i.e. when you have sold a car.