Insuring second car...
Discussion
I've just bought a very cheap second car as a runabout. I've been to see an insurance broker (who shall remain unnamed) and his advice was as follows:
1. Insure it and admit I've got 0 NCB for this car. Premium: £680
2. Insure it and use my NCB letter from my previous car renewal: £230 (technically he said this wasn't above board and he couldn't condone it but could turn a blind eye)
3. Take out a new policy for both cars (not much saving from expensive option above)
How do you guys insure a second cheap runabout? Wouldn't the MIDB flag up if I took option 2 above as well as the issues if I ever had a crash and it came out
1. Insure it and admit I've got 0 NCB for this car. Premium: £680
2. Insure it and use my NCB letter from my previous car renewal: £230 (technically he said this wasn't above board and he couldn't condone it but could turn a blind eye)
3. Take out a new policy for both cars (not much saving from expensive option above)
How do you guys insure a second cheap runabout? Wouldn't the MIDB flag up if I took option 2 above as well as the issues if I ever had a crash and it came out
Run a mile from the bloke you've been talking to. If something happens, even non-fault, and there's a claim, do you think this bloke will hold his hand up and say that he said it was ok for you to double up your no claims?
Insurance companies are b
ds at the best of times, they'll wiggle out of anything if they can and you'd provide them with an easy option to void your insurance. Could land you in a whole heap of st, shop around some more and get a better deal.
Insurance companies are b
ds at the best of times, they'll wiggle out of anything if they can and you'd provide them with an easy option to void your insurance. Could land you in a whole heap of st, shop around some more and get a better deal.Edited by siwebster on Tuesday 1st June 12:02
When I bought the Chimaera, Cheam Insurance mirrored my NCB (or, more precisely, gave me an introductory discount equivalent to my NCB).
Find a reputable broker or insurer who will do that, rather than a dodgy broker who is advocating insurance fraud.
Find a reputable broker or insurer who will do that, rather than a dodgy broker who is advocating insurance fraud.
Edited by JonRB on Tuesday 1st June 12:06
I go to a specialist broker for the fun car and just run the shed through a couple of the basic comparison sites. I've just knocked £80 off my renewal quote with the small furry ones.
But two cars is the way forward insurance-wise. Two cars combined (a shed plus something more interesting that's garaged, limited mileage, not insured for commuting etc.) can work out a lot cheaper than a practical-ish allrounder with anything like the performance of the fun car.
ETA Specifically looking at NCB, I found that using my NCB on the shed had a far greater effect on the premium than it did on the Caterham. In fact many specialist insurers don't look at NCB at all (because they don't tend to accru it either).
But two cars is the way forward insurance-wise. Two cars combined (a shed plus something more interesting that's garaged, limited mileage, not insured for commuting etc.) can work out a lot cheaper than a practical-ish allrounder with anything like the performance of the fun car.
ETA Specifically looking at NCB, I found that using my NCB on the shed had a far greater effect on the premium than it did on the Caterham. In fact many specialist insurers don't look at NCB at all (because they don't tend to accru it either).
Edited by Chris71 on Tuesday 1st June 12:29
I wouldn't even consider what that broker is suggesting. The broker will presumably get their commission, but, as with everything, it's okay until you get a problem.
There are numerous specialist brokers who could almost certainly sort something out which is all above board and probably no more costly. Any of the brokers listed/advertising in the various classic car magazines are worth trying, even if you don't have a classic car as such. The TVR threads on here conatain a number of posts about insurance issues and individuals' experiences. Some can arrange multi-car policies which allow you to add the other vehicles as and when their current policies expire.
I have 2 cars on 'normal' everyday policies and two on restricted mileage classic/specialist policies. The latter don't actually have NCD as such, but they do want to know what no claims there is on the standard policies. Some companies will put them on combined policies, some on separate policies. I found it better to ring and talk rather than use internet quotes, but everyone will have their own views.
There are numerous specialist brokers who could almost certainly sort something out which is all above board and probably no more costly. Any of the brokers listed/advertising in the various classic car magazines are worth trying, even if you don't have a classic car as such. The TVR threads on here conatain a number of posts about insurance issues and individuals' experiences. Some can arrange multi-car policies which allow you to add the other vehicles as and when their current policies expire.
I have 2 cars on 'normal' everyday policies and two on restricted mileage classic/specialist policies. The latter don't actually have NCD as such, but they do want to know what no claims there is on the standard policies. Some companies will put them on combined policies, some on separate policies. I found it better to ring and talk rather than use internet quotes, but everyone will have their own views.
tonys said:
Some can arrange multi-car policies which allow you to add the other vehicles as and when their current policies expire.
I have 2 cars on 'normal' everyday policies and two on restricted mileage classic/specialist policies. The latter don't actually have NCD as such, but they do want to know what no claims there is on the standard policies.
Could you give me details of said brokers? My two cars are up for renewl soonish (limited mileage second car used only in summer and a crappy daily driver), and I want to really explore my options now, instead of putting up with the status quo.I have 2 cars on 'normal' everyday policies and two on restricted mileage classic/specialist policies. The latter don't actually have NCD as such, but they do want to know what no claims there is on the standard policies.
Cotty said:
I am insured via Adrian Flux. I called to them get a quote on a second car, they said the insurance company would mirror my NCB on both cars. Might be worth giving them a call
I am with Flux, not sure on the insurance Co, but they couldn't mirror no claims but they did give me a hefty discountElise is 299 (NCB limited mileage, garaged, alarmed etc)
MX5 is 470 (import, mods, on street)
Talk to some reputable brokers - a lot will 'mirror' your NCB for the first year if you take both policies with them (although you'll have to cancel current insurance).
I'd start with A-Plan, see what they can do.
Alternatively, if you want cheap - Admiral Multicar. Used them, wasn't impressed, won't go back, but they were substantially the cheapest.
I'd start with A-Plan, see what they can do.
Alternatively, if you want cheap - Admiral Multicar. Used them, wasn't impressed, won't go back, but they were substantially the cheapest.
CIS121 said:
Thanks folks - I'll try Adrian Flux then A-plan. It would be nice to build up a NCB on the second car, but seems mad that the NCB doesn't apply to the person and all their cars instead of just one designated car per person.
But one person can't drive more than one car - so in the alternate scenario you could buy 2nd and 3rd cars for wife/teenage child and use your NCB. Fronting but even cheaper...I have a full protected NCB on the Mustang. A-Plan mirrored theNCB which isn't really an NCB, just common sense since it's a quote based on your accident/experience record. After 3 years, even though you don't earn NCB on a mirrored NCB, they sort of allow you 3 years NCB. It's all a massive con as you can only drive one car at a time.
Gassing Station | General Gassing [Archive] | Top of Page | What's New | My Stuff