Overhaulin'

Ordered new car and need to sell old one..?

I've ordered a new car, which will be arriving in September / October as its being "built to order". I need to sell my old car. I currently have 1 year and 10 months worth of no claims. The garage said they will give me a loan car if I sell mine before the new car arrives. My question is this - How can I transfer my insurance without it lapsing (and therefore losing the last 10 months of no claims) Since when I sell my current car, I wont know any details about the loan car - so I wont be able to do a straight transfer of the insurance. Is there anyway I can put in insurance "on hold" for a week or so without cancelling it, while I get the loan car sorted out? I dont want to wait until I get my 2nd year of no claims in August before I sell, incase I dont have time to sell the car before my new one arrives. I hope this makes sense. Thanks. Markus.

Public Comments

1. Just call your insurance company and tell them what you are doing. They can provide insurance for the period of time that you don't own a car but you are driving a loaner or rental. You still need insurance by law if you are a licensed driver and driving a vehicle, even if you don't own a car.
2. YOU CAN SUSPEND IT UNTIL YOU GET THE CAR TALK TO THEM ABOUT IT
3. Your insurance will do it over the phone.
4. Many insurance companies allow you to suspend the policy and may even give you a small credit against your next insurance policy with them. However some don't and cancel the policy immediately. I suggest you find out what your insurer would do before you tell them that the car is sold. If they won't suspend the policy then just let it run until renewal date. (NB if you do not have a car then you won't have the Driving Other Cars extension) With regards to the 'loan car', I would check that you can insure it on your own policy - the garage should really have it covered - as there may be a lack of 'insurable interest'.
5. just leave the cover as it is until you have the deatils of the new car, does it really matter if you are not running the car for a short time, you will then have the benefit of two years bonus at renewal