Gap in vehicle ownership and motor insurance
Having recently retired and being a city dweller, it makes sense for me to trade in my large saloon car. I now have the chance to sell it to a friend, and am contemplating trying to live without a car for a spell, to see how this suits.
I am however concerned that if I decide to buy a smaller car after an interval, I will have lost entitlement to no claims bonus and will be heavily penalised when I insure again. Any thoughts or advice?
I am however concerned that if I decide to buy a smaller car after an interval, I will have lost entitlement to no claims bonus and will be heavily penalised when I insure again. Any thoughts or advice?
Asked on 1 February 2012 by Michael Inglis
Answered by
Honest John
You are allowed a 2 year gap before your NCD becomes void.
We give you the low down on how to save on insurance, little-known tricks and tips, what insurance groups mean and how to use insurance aggregators to beat insurers.
Insurance group finder and how to save on insuranceSimilar questions
If I have an insurance policy on a now SORN'd car, do I get to keep the remaining no claims bonus after transferring? If my policy runs out while on the SORN car, would the accumulated months still count...
My husband and I are both retired and do not need two cars now. We have separate insurance policies and both wish to preserve our no claims bonus to cater for the situation of the demise or incapacity...
Having recently retired we are now using one car. Our comprehensive insurance is in my name with my wife as a named driver. Until recently this policy had my wife's car included. I am informed by the insurer...
Elsewhere on 
