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LearnerRider

Joined:

May 12

Posts: 111

LearnerRider says:

No Claims bonus

i am wanting to sell my 50cc scooter in December so that i can learn to drive a car whilst saving for a honda cg or cbf, however it is insured until January. if i sell it in December and cancel my insurance will i have no no claims?


As the no claims discount is over £100 next year on a 125cc.


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  • Posted 2 years ago (29 October 2012 13:45)

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babyrocket

Joined:

Aug 11

Posts: 3732

babyrocket says:

pretty certain

the insurance companies work ncd out on a yearly basis, so you wont have any ncd if you fail to let it run for the full year.

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ninjachica

Joined:

Jul 08

Posts: 4333

ninjachica says:

Leave it

to run for the whole year.

Added to that, you won't get any refund, so no point cancelling early anyway.

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babbs71

Joined:

Mar 09

Posts: 297

babbs71 says:

ncd

As already said let it run for the year . i think i am right in saying you can only use your ncd up yo 2 years after your insurance as run out after that you have to start again.

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James600zx

Joined:

Sep 07

Posts: 2750

James600zx says:

Leaving insurance to run after selling on.

Regarding leaving the insurance on, I recall (but can't now find) a piece here where someone had allegedy done just that and wound up liable for a bad accident because the new owner had no insurance on the vehicle.

Found it third hand here.

[This Reply has been modified by the Author]

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stevebaldy

Joined:

Aug 07

Posts: 6057

stevebaldy says:

i often thought

if i brought an old knackered car,(as in classic insurance old) SORNed it, but insured it 3d party in the lads name, would that work out cheaper in a few years with two or three years NCB when he can actually afford a car in a few years time....:unsure:

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