Car Insurance for Dummies
My current insurance, through Endsleigh, has shot up from £27 pm to £47. I have 9 years NCD. It seems to be a national increase plus an increase due to the general dodginess of West Yorkshire (that's what Endsleigh say anyway).
I've found a cheaper quote from another provider. Yes, I will be checking it it's too good to be true.
I'd like to pay it in a lump, rather than over the year.
I can afford to do it on payday, which is the 29th.
The renewal date is the 28th.
Is there any problem if I just cancel the Endsleigh one forthwith, and have a 24 hour gap of not driving, and start the new one on the 29th?
Does one's insurance/driving history have to be unbroken for NCD to apply? Apologies for the dumbass question but I've never not be insured in the last 33 years.
Ta.
I've found a cheaper quote from another provider. Yes, I will be checking it it's too good to be true.
I'd like to pay it in a lump, rather than over the year.
I can afford to do it on payday, which is the 29th.
The renewal date is the 28th.
Is there any problem if I just cancel the Endsleigh one forthwith, and have a 24 hour gap of not driving, and start the new one on the 29th?
Does one's insurance/driving history have to be unbroken for NCD to apply? Apologies for the dumbass question but I've never not be insured in the last 33 years.
Ta.
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Comments
Remember, however to keep evidence of your NCD. Your new Insurer will want proof that you have driven claim free for 9 years.
No; that's roadtax.
No problem whatsoever (so long as you don't use the vehicle on the missing day).
Your new insurer will not be aware of (or in the case of a single day, care about) the expiry date of the Endsleigh policy. Most policies expire at midnight but some do so at noon, so it's quite easy to have an overlap if policyholders don't check the details carefully.
If the lapsed period was several months, the circumstances would probably be different.
Utter nonsense.
I said I think, I didn't say I was 100% sure. But thankyou for making me feel like an idiot, I'm sure it made your Thursday afternoon miles better
http://www.direct.gov.uk/en/Motoring/OwningAVehicle/Motorinsurance/DG_186696
http://stayinsured.askmid.com/stay-insured.html
ETA: Even the link that you posted only says that it "will" change, not that it has changed.
Wow, Draconian!
Still, for only 24 hours, it looks like the most I'd get is an Advisory Letter. As long as the 24 hour gap doesn't cancel out NCD, it looks like I'll be OK. Thankyou for all the replies.
http://stayinsured.askmid.com/Documents/MIB_Transport_Select_Committee_press_statement.pdf
It is a press release from March and the wording in the second and third paragraphs does suggest the changes in the law were made before the date of that release.
Though it does all seem a bit ambiguous really. Why they could not simply say on xy date the law changes I don't know!
At least one person has already fallen foul on the "continuous insurance" requirement.
http://www.digitalspy.co.uk/forums/showthread.php?t=1463290&highlight=
EDIT: Oops I see that you are aware of that - you've a post in there.
That would be too helpful
suppose I stick with Endsleigh, whom I pay monthly, for the first month.
If payday doesn't fall when I want it to (and no amount of asking seems to get me an answer on this one) can I
Pay Endsleigh for a month
Cancel/give notice to cancel after the month
In a month's time take out new insurance?
Is paying monthly entering into a 12 month contract, when it comes to car insurance? There must be some get out for those who sell their car or otherwise give up driving before the year end but can you just cancel because you want to?
Ta.
For home insurance you have a 14 day cooling off period under FSA regulations at the start of each new contract; ie when your policy renews, even if you remain with the same company.
*If* car insurance is the same, you could:
Renew with Endsleigh on 28th
Start your new policy when you can pay on 29th
Call up Endsleigh and cancel once you start the new one, and under the 14 day cooling off period they will refund any premiums, provided you haven't claimed.
I'm much more familiar with home insurance, but as far as I know the same regulations should apply to car insurance in that respect. Check into it and it may save you a LOT of hassle!
You would need to call the new insurer and make sure they would have no issue with changing payment method and to ensure there would be no extra cost to you.
Endsleigh do have a 14 day cooling off period, so that might well be the way to go, and start afresh with a new company. Thankyou!