No Claims - Company car

antodeco

Hi all,
Just a general wondering. If you get a company car, and you sell your own car, what happens with your no claims. Do you lose it, or what exactly happens?

Thanks

mistress_gi

From what I've heard I think your no claims is valid for 7 years then it expires.

Aint Eazy Being Cheezy

mistress_gi wrote: »

From what I've heard I think your no claims is valid for 7 years then it expires.

2 years!!

delly

It would be as if you did not have another car once your own was sold. You would have to check with your insurer to see if they had an expiry on the cert they would issue you, then also depend on whatever company you may join in the future to see how many years they require to class that the no claims as valid.

antodeco

Thanks for the replies. The reason I ask is that I've classic insurance on two other cars, and this is mirrored from my current NCB. I wonder could I just use those ones, or better off buying a hunk of crap just to continue to have insurance!

coylemj

antodeco wrote: »

Just a general wondering. If you get a company car, and you sell your own car, what happens with your no claims.

Hold on to your last renewal (showing your NCB) and the last cert. you had in your own name.

If you jack in the company car in the future or change job to a position where they don't give company cars so you buy your own car, ask the insurance company who covered the company car for a cert. saying that you had no claims during the period you were driving the company car.

Both of those pieces of paper will establish a chain of continuous cover and that you had no claims over the period.

dr.fuzzenstein

Classic car insurance won't keep you your NCB and ditto for driving a company car.
I had a company car for 9 years and my NCB was well and truly gone by the time I insured a car again.
But all is not lost:
I got a letter from the insurance company my company used, stating that I drove on their insurance for 9 years with no claims or points.
My insurance company (Axa I think) accepted that and gave me a few years NCB, so I got reasonable insurance.
So even if you don't have NCB, you can get some discount based on your driving record on the company car.

delly

coylemj wrote: »

Hold on to your last renewal (showing your NCB) and the last cert. you had in your own name.

If you jack in the company car in the future or change job to a position where they don't give company cars so you buy your own car, ask the insurance company who covered the company car for a cert. saying that you had no claims during the period you were driving the company car.

Both of those pieces of paper will establish a chain of continuous cover and that you had no claims over the period.

Not all companies recognise this however, or rather may treat the company car time as being the same as a named driver, as technically you are not earning the no claims in your own name.

coylemj

delly wrote: »

Not all companies recognise this however, or rather may treat the company car time as being the same as a named driver, as technically you are not earning the no claims in your own name.

See Dr. Fuzzenstein's post above yours, that sums up the situation pretty well. Most companies will give you an allowance. What matters is that you were driving and had a clean record, not who was paying for the policy.

delly

coylemj wrote: »

See Dr. Fuzzenstein's post above yours, that sums up the situation pretty well. Most companies will give you an allowance. What matters is that you were driving and had a clean record, not who was paying for the policy.

Indeed, every company is different and I used this myself when I had a company car many years back, but had to find the right company to do so, insure.ie iirc.

antodeco

Thanks folks. If I don't want to go down getting a letter from the company, can I just buy a cheap run around and insure it 3rd party only and just not drive it? Or, what's the oldest a car can be for "daily" insurance? Other option, can I just take out a separate policy on the missus car under my name?

delly

I know with my own insurance with Allianz, the max age is 15 years. Interesting to see what happens in 2 years time, assuming I still have my now 13 year old car.

Regarding taking out insurance on your other missus car, I'm not sure if it is a conflict to have two policies on the one car in the one household. If it did work and you ever had to claim, I would project it would be a bit of a headache.

Is there any forecast on how long you are likely to have the company car? Obviously not many long term guarantees exist these days, but it would be mad to clock up ten years of ownership of a banger, just to keep the no claims up to date. Worst case scenario, you could do this at the 1 year and 11 month mark, on the basis that it would expire at 2 years.

antodeco

I've no idea! All hypothetical at this stage! Just trying to figure out the best way that I could potentially keep my NCB!