Temporary insurance
Author
Discussion

Plastic chicken

Original Poster:

391 posts

235 months

Sunday 8th September 2013
quotequote all
Today I picked up a new car, insured on the dealer's 7 day 'drive away' policy. I still have my old car (not offered enough trade-in value) which I now intend to sell privately, but still use occasionally. I reckon the best plan would be to transfer cover (& no-claims discount) to the new (higher value) car, and get some sort of short-term policy for the old car.
Advice/suggestions/recommendations would be much appreciated, thanks.

QBee

22,538 posts

175 months

Sunday 8th September 2013
quotequote all
Plastic chicken said:
Today I picked up a new car, insured on the dealer's 7 day 'drive away' policy. I still have my old car (not offered enough trade-in value) which I now intend to sell privately, but still use occasionally. I reckon the best plan would be to transfer cover (& no-claims discount) to the new (higher value) car, and get some sort of short-term policy for the old car.
Advice/suggestions/recommendations would be much appreciated, thanks.
Bloody expensive to use a short term policy. Ask your insurers to add the cheaper-to-insure car to the policy for 30 days and tell them you are actively selling it. They will charge you about £50-100. You can do shorter periods (7, 14, 21 days), but as about half of the premium for the short termer is admin charges, it makes more sense to give yourself as long as possible to sell it - then pull your finger out and get it sold. The only time 30 days goes slowly is when you are waiting for someone to pay you..........