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Car insurance gap - no claims impact

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  • 07-06-2021 8:54pm
    #1
    ACAandCTA
    Registered Users Posts: 118 ✭✭


    My car insurance is up in middle of June and I am planning to buy a new car in July.

    I've checked a few websites and sent emails but finding it difficult to confirm... If I have an insurance gap (even for less than 1 month) , is there any impact in getting new car insurance or losing my no claims discount?

    Id rather not just renew on my old car and then transfer across!


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    #2
    Miscreant
    Registered Users Posts: 2,233 ✭✭✭Miscreant


    ACAandCTA wrote: »
    My car insurance is up in middle of June and I am planning to buy a new car in July.

    I've checked a few websites and sent emails but finding it difficult to confirm... If I have an insurance gap (even for less than 1 month) , is there any impact in getting new car insurance or losing my no claims discount?

    Id rather not just renew on my old car and then transfer across!

    As far a I'm aware, your no claims certificate is valid for 2 years from date of issue. I don't think there will be an problem if there is a gap in your insurance.


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    #3
    ACAandCTA
    Registered Users Posts: 118 ✭✭ACAandCTA


    Miscreant wrote: »
    As far a I'm aware, your no claims certificate is valid for 2 years from date of issue. I don't think there will be an problem if there is a gap in your insurance.


    Thanks for your comments. My current insurance provide (Zurich) have confirmed the 2 year timeframe applies, hopefully it is pretty standard across the board.


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    #4
    coylemj
    Registered Users Posts: 25,387 ✭✭✭✭coylemj


    ACAandCTA wrote: »
    Thanks for your comments. My current insurance provide (Zurich) have confirmed the 2 year timeframe applies, hopefully it is pretty standard across the board.

    It seems to be. A lot of couples who downgrade from two cars to one will flip the policy around every year to hang on to their (two) no-claims discounts, in case they ever decide to go back to two cars.


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    #5
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,691 Mod ✭✭✭✭Henry Ford III


    That seems to conflict with what you said in the final sentence on a different thread below though....
    coylemj wrote: »
    You don't have to own it, you just need to have an insurable interest in it. A wife is considered to have an insurable interest in her husband's car.

    If you inherit a house but probate is not yet complete, you have an insurable inerest in it, even though you don t yet own it. When I signed the contract to buy my house, even though the closing was a few months away, my solicitor told me I now had an insurable interest in it and should insure it.



    The policyholder is expected to be the main driver.


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