AGAR-COSWORTH

Hi guys,

hopefully someone on here has been in the same situation as myself with regard to insuring a daily driver for all year round use, as well as an additional weekend car for use only for 6 months of the year.

My question is, what is the cheapest way to organise insurance for both vehicles - one used all year round, and the other is only used for 6 months?

I think my options are as follows:

1) Multi-car Policy:

Insure both cars for the full year with the one insurance provider, using my 6 years NCB across both cars on the single policy.


2) Insure both cars under thier own policies:

If I was to insure both cars under their own individual policies, there are a number of items which might affect the costs of both:

a) With my summer car only being on the road for 6 months of the year, is it possible to start a year-long insurance policy for it on a pay-monthly scheme, and then cancel it after 6 months (i.e. at the end of the summer) thus only having to approximately half of the full year's premium. Or would I have to pay a large cancellation fee as well as the remaining sum of the 6 months of the premium still remaining upon cancellation?


b) My summer car is in a far higher insurance group than my daily driver, but the summer car will only be used for 6 months of the year. What policy should I use my 6 years NCB against?


c) If I were to use my NCB entitlement for the summer car policy and then cancel it after 6 months, obviously I wouldn't gain another years NCB. But would I loose my full 6 years NCB entitlement, or can my existing 6 years NCB be transfered onto another policy?


Short of obtaining quotes from several insurers for all of the scenarios above, is there an easier way of finding out what one will yield the cheapest renewal costs? Or perhaps someone has gone to the trouble of finding this out for themselves before?

Thanks,

Agar

Psycho Warren

iTrader: (5)

im in the same dilema except my car has too many mods to ever get it on a multicar policy.

so for me the only option is two seperate policies and which ever way you do it, you WILL get anally raped for the policy with 0 NCB.

The system is incredibly unfair. You clearly have 6 years of claim free driving yet as you cant use the NCB, your experience counts for nothing and you will pay the same premium as someone with no experience.

yet you have an accident, you have to declare it on ALL policys and you will have a boosted premium on ALL your policies.

Plus NCB expires in 2 years yet claims are declarable for 5 years.....

the system is totally unfair and against the consumer.

Keith Michaels PLC

Hello mate,

I think you should give me a call I can try and arrange something for you with regards to insuring both cars under seperate policies!!

Number is below:

Cheers mate

Tony @ Greenlight

Hi Agar-Cosworth,

It's not quite as bad as it sounds, as there are options when you have two cars and only one set of NCB.

The options will depend upon the types of vehicle that we're talking about and the mileage requirements for the 2nd car.

Multi-car is one option, but this will depend upon the Insurer in question being the most competitive for both of your vehicles. Which as Warrenpenalver has found doesn't always work, meaning you have to source separate cover.

Covering the vehicles separately is not a problem and providing you haven't a history of running over bus queues etc over the last 3-4 years we should be able to mirror the NCB from the main policy onto the second car.

Again, this will depend upon the vehicles in question (which will impact upon the advice given and the available Insurer options). But assuming that you cover your everyday car using you NCB, look for an introductory concession (mirror of the equivalent percentage discount earned) for the second weekend car shouldn't be too much trouble.

It would be an annual policy, but you could limit the mileage to a really low level and you would receive a decent discount for this.

You'll also receive a discount for forum/club membership with us, so if you do apply remember to name drop Passionford (or select this from the droplist upon our website).

If the 2nd car is a genuine classic type model recognised by the classic car media (ie. RS1600i, Mk1 XR2, Cosworth, RS Turbo) and the mileage is limited we can look at using a specialist vehicle policy such as a classic car policy (which is competitively priced based upon low exposure, isn't NCB rated and providing the car is always a 2nd vehicle to you it's likely you will qualify).

We are also able to entertain limited modifications under some classic and custom car policies, which again you may qualify for depending upon the model being recognised by the classic car press.

I wouldn't suggest looking for a limited mileage policy and then cancelling it, as the cancellation charges with most Insurer within the first year of the contract are usually fairly high. If you end up covering the 2nd car under a policy that can actually earn NCB, by cancelling the cover you would also never actually accrue an actual 2nd set of NCB.

Anyway, there are options so don't worry too much.

Kind regards

Tony

PS. If you can let me know the actual vehicle models I can be a little more specific in terms of advice

Tony @ Greenlight

Hi Warrenpenalver,

It's been a while since we spoke on here, so I hope that life's been kind to you in the interim.

Just to answer your point in relation to proven claim free driving, if you have 6 (65% with us) years NCB upon your first policy and have a good recent record from a claims perspective there are Insurers that can mirror your NCB onto a 2nd car.

Insurers are dead wary of fronting (ie. using your record to help someone else who has not earned any NCB), which will be a consideration. But once we clear that hurdle they will allow a concession for genuine cases to reflect your record upon the 1st car.

This will usually start on the basis of the same percentage discount that you have earned upon the 1st car being allowed upon the second car. So if you have 6 years 65% discount, it's likely you will receive a 65% 0 years introductory discount upon the 2nd car.

Once you reach the end of the year claim free, the mirrored NCB policy would then have a 65% 1 year (rather than 65% 0 years) discount.

We have quite a lot of customers with 2nd cars and depending upon the type of vehicle, we can accommodate these either by mirroring NCB percentages or in the case of genuine classic models (recognised by the classic car press) we can use classic/custom policies that are exposure (rather than NCB) related.

Hope this helps

Kind regards

Tony

AGAR-COSWORTH

Hi Tony,

thanks for the reply.

Could you tell me what your working hours are each day please? I work long hours, and will struggle to find any more than an hour during my lunch time (12-1pm) to call you. Do you work during the weekend at all?

I require my insurance cover to start on 1st December 2011 @ 00:01hrs.

In the mean time, before I call you, here is some further information which might be useful before we talk:

Daily Driver Car:

• Year 2000 Volvo S40 1.6 XS with no modifications.
• 7000 miles per annum
• I use this car all year round
• Car parked on drive at my home address
• Comprehensive insurance cover for business use required - I need to travel to site and to other offices from time to time.

Summer Car:

• Year 2002 VW Golf GTI Anniversary 1.8T Petrol with no modifications.
• 3000 miles per annum
• I use this between April & Sept (6 months)
• Car parked in locked garage at my home address
• Comprehensive insurance cover only required for socail, domestic and pleasure use.

Driver Details:

• No motoring or any other criminal convictions
• 6 years NCB (Protected NCB required)
• I am 24
• I work as an Instrument Engineer in the Oil & Gas Industry
• If it will reduce my premiums I also have the option of adding my older sister as a named driver. She is 29, has held her licence for 10 years and has no motoring or any other crimial convictions.

It would be good to know your thoughts on the above.

Thanks,

Agar

Tony @ Greenlight

Hi Agar,

Many thanks for posting the additional detail.

Our customer facing hours are 9-5 in the week and 9am-Noon on Saturdays, so we could go through this with you on a Saturday morning.

Another option that would give us a head-start would be to log onto our website www.greenlightinsurance.co.uk which would allow you to enter your full details and apply.

With your long working hours in mind you could apply online when you get a few minutes spare, which would start the ball rolling and allow us to source terms for you. We would then email details to you and you could follow up with a telephone call when you were next available.

From the detail that you have posted, being 24 will influence the premium. As this will reduce the number of available Underwriters and there will be minimum premiums applied based upon driver age.

Turning 25 will open up markets and be a really positive influence upon your premiums, so providing you have a relatively clean sheet this year claim wise you can look forward to an improving position next year.

We are a performance and modified car Insurance provider, so our rates are geared toward these models. Which will mean that we can easily accommodate the MK4 Golf GTi Anniversary, but we mayneed to put in some extra work for you in relation to the Volvo.

If you can PM me if you make an online application, I will be able to oversee this internally for you and can help our technical team by providing the additional detail that you kindly listed within this thread.

From a vehicle perspective you've got a really nice balance there and although the limited edition Golf GTi is slightly too young for a classic policy i'm hopeful that we can do something for you by using an NCB mirror along with limited mileage.

Anyway, if you can let me know if/when you apply i'll oversee this for you

Kind regards

Tony