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Car sold - can I keep insurance?

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  • 22-02-2017 1:08am
    #1
    johnb25
    Registered Users Posts: 503 ✭✭✭


    I sold my old car at the weekend as a project, engine failed. I am still looking for a replacement. Should I leave insurance in place and just switch when I get another car? I think I got a decent premium when I renewed last month, and don't want to loose it. I am named on my wife's policy, so OK to drive.


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    #2
    Liam McPoyle
    Closed Accounts Posts: 14,846 ✭✭✭✭Liam McPoyle


    johnb25 wrote: »
    I sold my old car at the weekend as a project, engine failed. I am still looking for a replacement. Should I leave insurance in place and just switch when I get another car? I think I got a decent premium when I renewed last month, and don't want to loose it. I am named on my wife's policy, so OK to drive.

    Yep, but you should suspend your policy.

    You need send the cert and disc back to your insurer with a letter advising the vehicle was sold. They will then freeze the insurance.

    The policy will stay active and your ncd will stay in place but it means that if you buy a new car in a couple of months you will be entitled to a suspension rebate that is, they will give you money back for the duration of the suspension once its more than 30 days.


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    #3
    johnb25
    Registered Users Posts: 503 ✭✭✭johnb25


    Great, thanks...hopefully days rather than months.


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