Insurance question for those with more than 1 car

domtheone

Distinguished Member
Joined
Nov 23, 2004
Messages
22,466
Reaction score
10,918
Points
4,940
Age
51
Location
Nottinghamshire
OK. A quick google says that NCD are only valid on one car....

I currently have a car on lease (June 14-June 16) and 6 years NCD.

I'm thinking of getting a 2nd car in a few months and, never having owned more than 1 car at once, am not sure how the whole NCD works?

Few questions:

Say i'm paying £300 for my initial car and the 2nd car was the same risk/insurance group etc etc, would my premiums be £600 a year or would i get a discount on the 2nd policy?

When the lease car goes back, does my NCD move onto the 2nd car automatically?

If my present lease car insurance runs out in June each year and i purchased a second car in say December, when the lease car goes back, what happens to my NCD? Do i have to wait till the 1 year anniversary of the 2nd car insurance before i got another year's NCD?

Not sure if i made that clear but, in a nutshell, is there any point in adding a 2nd car at the same time as my insurance is due on my main car or is that irrelevant?

TIA
 
Speak to your insurance company(ies) or broker - they can clarify this for you. In my situation, the NCD is calculated on my insurance history, applies to all vehicles, plus I get a multi-policy (or multi-vehicle) discount.
I would expect you to pay less than the theoretical 600 - more like 500.
 
NCD can only be applied to one car. Some insurers will mirror or give you a couple years NCD on a second car if you have good history.
Your NCD won't switch betweeen cars, you have to declare which car they are on.
Admiral multicar is good as you can get a quote for both cars. One starting in June and one December, you pay for the first car in full in June then pro rota for the second car in December, come June again you would renew both at the same time and both cars would get an extra years NCD even though you only had the second car for 6 months.
As a rough guide 1 years NCD is 30% discount, then 2 years 40%,3 years 50%, 4 years 60%,5 years plus 65%.
 
When I bought my campervan as a second vehicle to me I managed to get a fairly hefty discount on the premium due to my history on my other car so worth an ask. But as above NCD only applies to one car and if you went from 2 to 1 cars you would not be able to add the 2 NCDs together either. Also bear in mind that NCD is only valid for a certain time (something like 3 years) so if you went back to 1 car for more than 3 years then you would lose whatever the 2nd NCD was. This caught my friend out when he had a company car for a while but then when he went back to having is own car he had lost is NCD.
 
OK. Cheers. I'm on 6 years with Halifax this year (have moved around the last 3 years as I've changed cars and quotes have been all over the place) so it could well be the max % discount they go to.

I'll speak to the Halifax (even though i'll probably end up with someone else come June:D) at some stage next month and see what their position is on multi car insurance.

That'll give me time to start a "what car thread" here:)
 
There are a few factors affecting your policy price including driver behaviour (claims and accident history) on which they calculate a risk which affects your premium, then there is a "discount" for not having claimed + the cost of repairs + crime rates etc. This is why your premium goes up after an accident even if you've "protected" your NCD. The NCD stays the same but your risk profile changes so you pay more, just not as much more as if you hadn't "protected".
A good insurer will look at your risk and set your premium accordingly, given you can only be driving one car at a time then your accident risk doesn't change much.
If you're going for anything classic or sports then look at a specialist insurer - classic policies often don't work on NCDs but agreed values and limited mileage.
If you're going for two similar cars (why?) then I'd look at multicar.
Might be worth contacting a broker - I use Adrian Flux (phone only) for my GTi and they beat all the online quotes I got. The car is considered "performance", being on my partners Mini Cooper S helped to reduce the premium as did being a member of a GTi web forum (which is considered an owners club!).
 
Quick update.

Spoke to Halifax (current car insurers). They don't offer any sort of multi car insurance.:rolleyes:

Paying £283 ish a year for my leased Fiesta ST-2 (6 years NCD) with them. First years insurance expires at the end of June.

Tried a comparison site for a dummy quote on a 2001 BMW 330ci (2k car). Had to put in 0 years NCD since i have them on the Fiesta.

Prices were coming up around £500 a year.:(
 
I would try talking to a broker or company since in person they may offer you done discount above what a comparison site can do. I bought a camper as a second car last year and got a good discount even though my ncd is on my car. Over the phone they were able to give me the equivalent of a few years ncd due to my record on my car
 
I tried to add a second car (leased) to my policy with CIS but was told they couldn't add a leased car onto the same policy as an owned car. Furthermore, they would give no discount on a second policy. I'd sworn never to use Aviva again (long story) but they said yes and added the lease car for £176 fully comp, bringing the total policy for two cars to £320.
 
Cheers guys.

I think what plan A will be is:

Some time in June, when my renewal quote comes through with Halifax. I'll ask them what the cost is to add a 2nd car (will use the car model that's no 1 on my shortlist). Even though i half know what their answer will be - just to double check.

At the same time, i'll shop around and get quotes for the leased Fiesta from other insurance companies. Asking them at the same time for a quote for a 2nd car (the no 1 on my shortlist).

It may well be that whilst other companies can't match the price that Halifax offer me for the Fiesta (leased), they may be much more competitive on the 2nd car, resulting in a cheaper, overall cost.
 

The latest video from AVForums

Is 4K Blu-ray Worth It?
Subscribe to our YouTube channel
Back
Top Bottom