help with insurance please

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Tue 28 Dec 2010 13:56
help with insurance please - beck1980

Hi there!

Hope someone can help!

Am buying a new car and in order to beat the VAT increase it needs to be taxed before the end of the year. At present it's in Bristol just off the boat (Im in Newcastle) and the dealer is going to insure it on driveaway insurance for 7 days from 31st dec so that he can tax it 31st dec. Now, as it's not in Newcastle yet they estimate it'll be ready for collection 1st week in jan. Now the 7day insurance will run out midnight 6th jan- realistically I may not get it collected by then as that's the thursday.

So question is what do I do? My insurance is due for renewal 18th jan and have looked into it and got a better quote with a different insurer. So I was planning to change the car on my exsisting policy from the day I collect til 18th. But that won't cover me for both cars to drive down to dealer in old car and drive home in new car will it???

Advice please!!!

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Tue 28 Dec 2010 14:23
help with insurance please - Collos25

Just tell the Insurance company your plans and they will accomadate you at a price no doubt.

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Tue 28 Dec 2010 14:40
help with insurance please - LucyBC

The dealer can do 7 day drive-away - presumably with Aviva via HPI - and that should be sufficient to tax the car. You then need to put the new car on cover with a new insurer from the date the 7 day insurance expires.

It is almost certainly not worth transferring your old policy to your new car as there will be admin fees and these will more than likely offset any saving you would make on the 12 day run-off of your old policy. Just let the old one expire and tell them you don't plan to renew so they don't keep your direct debits going.

Before you buy your new policy read my upcoming post on "12 tips on saving money on motor insurance" which I am writing now and hope to add tomorrow morning.

Best wishes

L

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Tue 28 Dec 2010 14:45
help with insurance please - beck1980

The dealer can do 7 day drive-away - presumably with Aviva via HPI - and that should be sufficient to tax the car. You then need to put the new car on cover with a new insurer from the date the 7 day insurance expires.

It is almost certainly not worth transferring your old policy to your new car as there will be admin fees and these will more than likely offset any saving you would make on the 12 day run-off of your old policy. Just let the old one expire and tell them you don't plan to renew so they don't keep your direct debits going.

Before you buy your new policy read my upcoming post on "12 tips on saving money on motor insurance" which I am writing now and hope to add tomorrow morning.

Best wishes

L

Am I right in thinking though that if I do that, I won't be able to use the 4 years no claims I've got on my current policy?

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Tue 28 Dec 2010 15:27
help with insurance please - LucyBC
It should not make any difference to your access to no claims as it's a new proposal. All they will ask when you complete is how much no claims discount you have and you tell them.

They cannot lock you into them on the basis of no claims discount and the new insurer will be happy to take it as new business.

If you need help with this you can call one of my insurance team on 0844 346 0428 and they should be able to advise but please note they are not now working until 29th December 2010.
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Tue 28 Dec 2010 16:04
help with insurance please - beck1980
It should not make any difference to your access to no claims as it's a new proposal. All they will ask when you complete is how much no claims discount you have and you tell them. They cannot lock you into them on the basis of no claims discount and the new insurer will be happy to take it as new business. If you need help with this you can call one of my insurance team on 0844 346 0428 and they should be able to advise but please note they are not now working until 29th December 2010.

I'm confusing myself now!!!

No, I mean the good quote I've got to start 18th Jan when this one runs out is based upon my having 4 years no claims (subject to no claims from now until 18th jan). If I take out another policy to start before 18th for my new car - eg from 7th jan, then I'll only have 3 years no claims - or indeed are those 3 years not included on my current policy - I thought they couldn't count for two policies at once)

My god this is confusing!!!

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Tue 28 Dec 2010 18:00
help with insurance please - LucyBC
I don't think it's difficult - just call my insurance team and ask your question. They should be able to sort it out so you don't lose out in any way.

If they cannot, come back to me and I will deal with it.
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Tue 28 Dec 2010 18:53
help with insurance please - Dutchie

Have your excisting insurance run out the 18th Jan and start your new insurance on the 18th with your new car.Just let the insurance companies know what you are doing and this shouldt effect your 4 years no claims.Collect your new car the 18th Jan.

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Tue 28 Dec 2010 19:25
help with insurance please - beck1980

Have your excisting insurance run out the 18th Jan and start your new insurance on the 18th with your new car.Just let the insurance companies know what you are doing and this shouldt effect your 4 years no claims.Collect your new car the 18th Jan.

My understanding is that once the car is registered (as it will be from 31st for it to be taxed) it has to be insured

www.direct.gov.uk/en/Motoring/OwningAVehicle/Motor...6

therefore i can't just wait til the 18th and collect the car then - i guess it'll have to covered in between the end of the 7 days free cover and the 18th

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Tue 28 Dec 2010 20:28
help with insurance please - Dutchie

I cant see much of a problem regarding the 4 years no claims when you take out the new insurance they want your money.Then I would asked to be covered by the new insurance to be covered for your new car after the 7 days free cover.I would give them a ring and explain what you want.Like Lucy is saying let the old policy run untill the 18th of Jan.

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Tue 28 Dec 2010 21:26
help with insurance please - martint123

My understanding is that once the car is registered (as it will be from 31st for it to be taxed) it has to be insured

AFAIK it only needs insurance if it is on the road. Also is it true that to beat the VAT increase it has to be taxed before the year end - I thought it only needed to be invoiced and paid for.

Is the dealer exagerating the truth a little to ensure his 2010 quota is full??

Edited by martint123 on 28/12/2010 at 21:26

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Wed 29 Dec 2010 12:38
help with insurance please - Laura28

I work for Aviva myself as an underwriter - you need to check with the garage if they will insure the car until you collect it. If not phone your existing insurer and have a temporary additional vehicle added until you collect the car and then have the old car removed - round about £11.00 to do but worth it to be comprehensive on both cars until point of transaction.

Laura x

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