Car insurance - No Claims Bonus

ROTW

Wondering if anyone on here has any knowledge of the following scenario.
My daughter is into her second year of driving. By the end of the year (Feb 2021) she would have generated two years NCB.
The thing is, with her new job, hardly uses the car. The car is starting to develop electrical faults and rather throw good money after bad, considering cutting her losses and getting shot of it.
If she sold the vehicle now and kept the insurance, would this give her two years NCB?
The car is fitted with a black box, so this would need to be removed, therefore the insurance company would know it wasn’t hers anymore.
Would it be a case of waiting until 2021 before she sold it?
Also, how long is a NCB valid, should she not immediately purchase a new vehicle in Feb 2021?

I accept I could ask the insurers these questions, but at this moment in time unlikely to get an answer.

Thanks.

Alwaysneil

All insurers have different policies on this sort of thing. 

Normally can’t insure a car you don’t own. If she were to sell it, most insurers would only give the 1 year NCB. The black box is entirely irrelevant as the car logbook will prove ownership. 

If she buys another car, the insurance can be transferred and when it ends in Feb 21 she will get the 2 years.

Id recommend either keeping the car until Feb 2032 or selling it and buying a new one now if she needs one that works. 

Edit: think 2032 was a typo. Really should proof read before posting otherwise fumbluff and others will make me look like a fool.

Fumbluff

Yeah, everything will be fine by 2032 unless the monkeys have taken over?

Alwaysneil

Um maybe a typo.Thanks. 

MuttleyCAFC

The insurance companies must be doing well with hardly any cars being driven, but no discounts or reductions in what people are paying them. 

Fumbluff

Alwaysneil said:

Um maybe a typo.Thanks. 

It’s less fun when you correct it though 😞

Alwaysneil

Further edited 😁

ROTW

Cheers Neil. My guess was to keep it until the two years were up.
How long can you carry a NCB for, should you not immediately insure another vehicle?

rina

Alwaysneil said:

Normally can’t insure a car you don’t own. If she were to sell it, most insurers would only give the 1 year NCB. The black box is entirely irrelevant as the car logbook will prove ownership. 

you absolutely can insure a car you don't own and a logbook is not proof of ownership

ROTW

Now I am confused...

LenGlover

The log book / Registration Document gives the name of the Registered Keeper of the vehicle.

The registered keeper often is but does not have to be the owner. Company cars for example will sometimes be in the name of the relevant employee for example: Mouthall, C/O CAFC Ltd, Floyd Road, SE7 etc

bobmunro

LenGlover said:

The log book / Registration Document gives the name of the Registered Keeper of the vehicle.

The registered keeper often is but does not have to be the owner. Company cars for example will sometimes be in the name of: Mouthall, C/co CAFC Ltd, Floyd Road, SE7 etc

Correct.

You buy a car on PCP finance and the car is registered in your name. But you do not own the car until you make the final balloon payment.

Our Company cars are registered in the name of the Company, and it is this name that appears as the registered keeper. The Group Motor Insurance policy covers unnamed rather than named employees (and their spouses). That's how ours works and I'm pretty sure that would be common.

Covered End

Best advice is to e mail the insurance company.
If they take a few weeks to reply I don't think it matters, from what you've said.

MOBY DUCK

Take the ‘discount’ a second years worth of no claims would give her and compare it to what you’d save cashing in this years remaining premium.

I bet there’s not much difference in those 2 figures. Is it really worth the bother?

Kap10

I had full no claims bonus when we went down to 1 car in 2018, we are now back to 2 cars with each of us having insurance. I was advised that NCB remains for two years. If you Insure a car within that period, which i did, you can carry over the NCB ... we used Swintons for me, my previous insurer was Churchill 

It maybe different for relatively new drivers and black box users.

cafcfan

rina said:

Alwaysneil said:

Normally can’t insure a car you don’t own. If she were to sell it, most insurers would only give the 1 year NCB. The black box is entirely irrelevant as the car logbook will prove ownership. 

you absolutely can insure a car you don't own and a logbook is not proof of ownership

This.  In any event, if you possibly can I would keep the NCB going.  Buy a very cheap car, insure it for T-PF&T only, no commuting, SWORN it and keep it off-road and build up more years NCB.  (There are even firms that specialise in minimalist policies for laid-up vehicles but not sure whether you'd get NCB with those.)

On the other question about how long does your NCB last if you have no insurance.  The answer is not very long.   For a while we went down to having just Mrs cafcfan's car after mine was stolen (the NCB was protected).   It was something like 15 years NCB but I could not get it back when I bought a car again a few years later.  This was with esure insurance - here's an extract from their web site regarding proof of NCB:  "It must be dated within two years of your new policy's start date and should be sent to us within 28 days of your policy's start date".

I think though that I managed to get 2/3 years NCB allocated as a goodwill gesture.  But I had to go back with esure.  Moved on to a different company a year later though.

Hope that helps.

ROTW

Thanks for your comments.
Will keep the car till next feb, then out it.