Question regarding putting insurance on hold

[dieseldoos]

I am pondering selling my car whilst looking for my next one. I own 2 cars, both on there own seperate policys, hence after I have sold the Audi, I would use the other car whilst looking for another to replace the Audi.

My question is, when I contact my insurance company (on the Audi) to say I have sold it, can I put the insurance on hold for a couple of months or so, whilst I look around for my next car, before transferring it over to it?

I have 9 years no claims on that policy, and I dont really want to lose all that, likewise I would normally trade in etc and swap insurance same time, but I rarely drive the Audi any more hence pondering selling before I have found a new car.

Hope all that makes sense.

 

[Tim@Prestige]

Hi
On our insurance scheme, we can take NCB from up to 3 years since its expiry so even if you did let the policy lapse, you have a while before it's lost. In any event, if you have a second car with NCB, we would always look to mirror NCB anyway.

 

[DAN@ADRIAN FLUX]

I am pondering selling my car whilst looking for my next one. I own 2 cars, both on there own seperate policys, hence after I have sold the Audi, I would use the other car whilst looking for another to replace the Audi.

My question is, when I contact my insurance company (on the Audi) to say I have sold it, can I put the insurance on hold for a couple of months or so, whilst I look around for my next car, before transferring it over to it?

I have 9 years no claims on that policy, and I dont really want to lose all that, likewise I would normally trade in etc and swap insurance same time, but I rarely drive the Audi any more hence pondering selling before I have found a new car.

Hope all that makes sense.

Hi,

Most insurers give you a 14 day period to either replace or cancel. After that you would need to cancel it due to not being able to insure a car you no longer own, very few insurers will put your policy on hold - Best to contact your current insurer to check their terms.

If you need any help with insurance please feel free to PM me.

Regards,
Dan.

 

[dieseldoos]

Hi
On our insurance scheme, we can take NCB from up to 3 years since its expiry so even if you did let the policy lapse, you have a while before it's lost. In any event, if you have a second car with NCB, we would always look to mirror NCB anyway.

Well, I might put it up for sale, see what happens, and if it does sell and my current insurer does not play ball, may well be getting in contact with you, I have had some decent quotes allready for the car it looks like im going to buy next, but I am not rushing into buying it either!