Need to scrap car, do insurance need to be notified?

[JimNotJon]

My bangernomics car has come to the end of it's serviceable life (Peugeot 405). Having bought it 5 years ago @ 64k miles and just notched up to 105k miles and it's only cost me 4 MOT's and £450 (purchase price), it's been a great and somewhat lucky purchase. However the clutch is just about hanging on in there, all 4 tyres will need replacing very soon and other annoying (french electrics) problems cropping up, it's not feasible to get it repaired.

I am now on the look out for another cheap motor, just something to tide me over until may time.

I am about 5 or 6 months into my current insurance. Having only been on my own insurance policy once (earning 1ncb) I see it as being in my interest to carry on this policy to earn my 2 years ncb. My question is, if I scrap the car, do I have to notify insurance and tell them the car is being destroyed? I intend to get a new car asap, have been searching for a week or two for another couple of hundred quid banger OR do I find and do a deal on the new car FIRST, then scrap the car and just swap my policy over?

First time I have needed to do this, any help would be appreciated.

James.

[Jazoli]

I wouldn't be telling them I was scrapping the car, They'll find an excuse to charge you an administration fee, then charge you another when you buy another car.

What will your policy be covering whilst you have no car? They may try and cancel your policy as you have nothing to insure, I'm no expert but as I said above I'd be saying nothing

[DanielC4GP]

I've kept plenty of cars insured after getting rid of them and whilst looking for a replacement. As you say it works out in your favour in building up your NCB and it avoids possible Admin charges.

[U T]

Keep the policy going and just do a substitution when you get your replacement.

[thinfourth2]

Its highly unlikely that the new owner will be caught doing something naughty in it if it is remodeled to look like a fridge freeser

[Noger]

Be aware that your DOC cover may well not be effective if you scrap the car, worth knowing if you are intending on test driving anything.

Check your policy.

[C8PPO]

Make sure it IS scrapped though - if the scrappy sells it on and someone else goes to insure it and it pops up as already insured, that's bound to raise questions.