Car insurance on 2 cars?

eva2010

Hi,

I just wanted to find out if you can be insured on two cars with two different policies? I want to have a named driver on one of the cars also.

Thanks for your replies!

Atomic Pineapple

Yes you can but you can only use your NCB on one policy.

djimi

draffodx wrote: »

Yes you can but you can only use your NCB on one policy.

Apparently that is not always the case anymore. I rang my broker about this a few months ago and was told that my insurer (Setanta) will honor the NCB for both cars. A few others have started doing the same apparently.

Obviously if you lose the NCB for one car its gone for both tho, so having 2 cars is doubling the risk from that perspective.

Atomic Pineapple

djimi wrote: »

Apparently that is not always the case anymore. I rang my broker about this a few months ago and was told that my insurer (Setanta) will honor the NCB for both cars. A few others have started doing the same apparently.

Obviously if you lose the NCB for one car its gone for both tho, so having 2 cars is doubling the risk from that perspective.

Some will "mirror" your NCB but you are still starting a new policy with 0 NCB, so if you went to a new insurance company with that policy after a year you will only have 1 years NCB on that policy.

djimi

Ah, makes sense!

How does that tie into the fact that if you claim on one policy you lose the NCB for both policies tho? Surely if the second policy then has a 0 NCB and you claim off that policy there is nothing to lose?

Atomic Pineapple

djimi wrote: »

Ah, makes sense!

How does that tie into the fact that if you claim on one policy you lose the NCB for both policies tho? Surely if the second policy then has a 0 NCB and you claim off that policy there is nothing to lose?

You dont lose any NCB built up on that but you will lose your "mirrored" bonus.

So say you have 5 years NCB on your main policy, you open up a second which starts with 0 years NCB but the insurance co mirror your 5 years giving you a discount on the second policy.

You then go a year with no claims so you now have one policy with 6 years NCB and the other has 1 years NCB, you still have your 6 years NCM "mirrored" thus keeping the second policies price down.

Say you then have a claim on the 6 years NCB policy, you lose that no claims and the 6 years being "mirrored" on the policy with 1 years NCB but that second policy still retains that 1 years NCB but goes up in price as its lost the discount from the main policy.

This is info garnered from talking to Quinn 1.5 years ago, so i may have changed and other insurance companies may have different policies/options

djimi

And what happens if you have a claim on the second car; does that affect the 6 years NCB bonus from the initial company? The impression I got from talking to my broker was that it would, that any claim on either car would result in the main NCB being affected, but as you said different companies might do things a little differently.