Insurance, people who swap or buy cars regularly how?
Discussion
I'm not talking about traders here but Joe blow doing his thing.
As above I note some people buy cars at the drop of a hat, to use or tart up, either keep for a while and sell on maybe at a loss or wreck it.
So how do you deal with insuring all these vehicles and then moving on to the next shed or palace, seems you'd be paying through the roof on insurance and then losing a load more just on admin fees and general faffing around it can't just be the two car policies either can it?
Was reading this excellent thread http://www.pistonheads.com/gassing/topic.asp?h=0&a... about buying a landy on the off chance then buying a beavertail flatbed to take it home. I could have asked on there but wanted a general Q/A on here.
As above I note some people buy cars at the drop of a hat, to use or tart up, either keep for a while and sell on maybe at a loss or wreck it.
So how do you deal with insuring all these vehicles and then moving on to the next shed or palace, seems you'd be paying through the roof on insurance and then losing a load more just on admin fees and general faffing around it can't just be the two car policies either can it?
Was reading this excellent thread http://www.pistonheads.com/gassing/topic.asp?h=0&a... about buying a landy on the off chance then buying a beavertail flatbed to take it home. I could have asked on there but wanted a general Q/A on here.
I don't change cars that much, but Admiral are generally good at switchovers. When I sold the Passat, I rang them and they suggested a suspension (not cancellation) of policy, and that when I bought a new car I could "re activate" the policy. Same policy, same policy number, renewal date not affected. It cost about £17, £13 was because the car I bought had a larger engine, and it was done with a phone call!
Some companies are easy going letting you add temp cars to the policy for reasonably cheap did this a fair amount when I was younger for myself and bringing other mates new cars home for them whilst they sold the old car. Other companies don't seem as happy with this nowdays however.
Triumph Man said:
I don't change cars that much, but Admiral are generally good at switchovers. When I sold the Passat, I rang them and they suggested a suspension (not cancellation) of policy, and that when I bought a new car I could "re activate" the policy. Same policy, same policy number, renewal date not affected. It cost about £17, £13 was because the car I bought had a larger engine, and it was done with a phone call!
That's interesting, anytime I've rang my insurance company they've wanted to charge me for the pleasure of well just ringing them.Must be more on here who've had shed loads of cars and swapped insurance, otherwise it seems inappropriately expensive in insuring one car after the other then canceling and getting charged admin fees and poor returns would make it a very expensive hobby.
ive done the flipping thing a few times on sub £1000 cars. it costs me £35 to add another car to my current single car policy fully comp for 7 days. i usually find thats enough to get the car home and maybe do some local driving testing driving after fixing things taking to MOT etc...seems good value if you can get that back from the resale price....and if you cant then you shouldnt be flipping cars in the first place 
I'm with Admiral and I insured a car for a week on my policy that I wanted to test drive (Needed proof of ins) for £20.
Once I had bought the car I simply asked them to remove my old car and update the details with my new one.
Cost me £50 extra (1.7d to 2.8) and that was it. Same policy number, same NCD, same renewal date
Once I had bought the car I simply asked them to remove my old car and update the details with my new one.
Cost me £50 extra (1.7d to 2.8) and that was it. Same policy number, same NCD, same renewal date
I'm with Aviva and can change my policy online free of charge. It's handy for quickly running through quotes (I'm still fairly young so have to be careful on that front), and when I did buy a new car it took less than a minute to amend the car online.
I've never insured two cars at once but, if I wanted to, I'm fairly sure I can just add a car to my policy online.
I've never insured two cars at once but, if I wanted to, I'm fairly sure I can just add a car to my policy online.
i'm with Axa
they allow to do stuff like this online, but value for money it isn't
temp cover isn't bad, but max of 30days i think
bmw 535d main car, temp cover on a ford ka i think £50 for 30 days maybe
but if i was to move main cover to ka, i only get back £100 after having paid £4-500 for the year
they allow to do stuff like this online, but value for money it isn't
temp cover isn't bad, but max of 30days i think
bmw 535d main car, temp cover on a ford ka i think £50 for 30 days maybe
but if i was to move main cover to ka, i only get back £100 after having paid £4-500 for the year
I've recently taken out a second policy on a second car that I intend to sell and cancel after a few months. Even with no NCB to use against that car the annual price was only £200, I'll incur a £45 fee when I cancel but with a pro-rata refund the total cost shouldn't be too bad.
I'm swapping my main car at the end of the month, that should hopefully just be a case of getting the insurers to amend the policy and paying a small increase.
The only time I've run into difficulty was when I was 20 and Norwich Union flat out refused to insure me on a new car that other insurers were quite happy to cover for ~£350 annually. I had to cancel a policy 9 months in, which was a bit galling at a time when I was still building up NCB.
I'm swapping my main car at the end of the month, that should hopefully just be a case of getting the insurers to amend the policy and paying a small increase.
The only time I've run into difficulty was when I was 20 and Norwich Union flat out refused to insure me on a new car that other insurers were quite happy to cover for ~£350 annually. I had to cancel a policy 9 months in, which was a bit galling at a time when I was still building up NCB.
blindswelledrat said:
rb5er said:
You just ring up your insurers and ask for a change of vehicle. Its not an issue.
He's referring to people who buy a couple of vehicles on a whim so they might have 2 or 3 at a time.I think he thought that you would need to buy a policy for each of them
Just refers to changing cars on a whim which is no issue.
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