Cancel insurance - how will it affect no claims?

loveisdivine · 13-02-2019 10:15am #1

Hi,

Currently have 2 cars but don't really need 2 anymore. If I cancel insurance on one, I believe the no claims I have is valid for 2 years, is that correct?

Even if it is valid for 2 years, will they penalise me if I re-insure in say 12 months time because I'll have only been a named driver on my husbands policy for the year.

Cee-Jay-Cee · 13-02-2019 10:40am

What you can do is insure the car in your name this year and name your husband on the policy and then next year have your husband as the main driver and you named on the policy. You both then keep you NCB alive for when you might need individual policies.

loveisdivine · 13-02-2019 12:54pm

Cee-Jay-Cee wrote: »

What you can do is insure the car in your name this year and name your husband on the policy and then next year have your husband as the main driver and you named on the policy. You both then keep you NCB alive for when you might need individual policies.

Thanks, that's a good idea. Would the insurance company be ok with it?

biko · 13-02-2019 12:55pm

Read the T&Cs for your insurer, we can just guess as you haven't told us what insurer this is about.

loveisdivine · 13-02-2019 2:12pm

It's 123.ie, underwritten by RSA. They have confirmed the 2 year thing.

Cee-Jay-Cee · 14-02-2019 4:19pm

loveisdivine wrote: »

It's 123.ie, underwritten by RSA. They have confirmed the 2 year thing.

I don't think they can stop you from doing it, theres nothing illegal or fraudulent about it. My sister and her husband have been doing it for the last 10/12 years to keep both of their full NCB's alive and it doesn't cost anything extra.

loveisdivine · 14-02-2019 5:20pm

Sure the worst they can do is say no! Thanks again.

Cancel insurance - how will it affect no claims?

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