Transferring Insurance From One Car To Another
If you are planning on transferring insurance from one car to another, you have to let your current insurer know about the change on the same day you bought the car.
Here is a list of what you should know before and after transferring insurance from one car to another:
Checking Car History and Details
Before buying a car, it is really wise and advisable to check the car you are buying for proper detailed analysis.
Things to check:
- If the car is written off, this is for used cars and some new cars which are involved in an accident when it first rolled out the warehouse for car shows.
- The Co2 emission. This is important because that should tell you how much you should pay for road tax. Many people have bought cars which they later regretted because the went for a powerful engine or for the beauty of the car then realized they are paying so much for road tax. The engine size of the car also affects the insurance premiums. Check for road tax.
- Check MOT of the car to make sure the car is roadworthy. Some used cars may have failed the MOT test, and this may be due to some minor issues which need fixing. Don’t always assume its fine and you can fix it, some fixes will later turn out too costly. Check car MOT.
- Check for modifications which may affect what details you give to the insurance. This is usually not important but will be if anything happens to the car and your insurance company picks it up for fixing. If they realize any slightest of wrong information will result in your insurer abandoning you at the point of need.
Be careful with insurance companies, their activities go unchecked and they are willing to ruin you for their personal gains.
Once you are satisfied with this top to do list, the next is:
Getting Insurance Quote
Firstly, check other insurance company to see what they can offer you. You may actually get better quote elsewhere than your current insurer.
It is time to call your insurance company for a quote before buying the car. Most instances, your insurer will try to match your premium with the old car or increase your premium.
Either way, the insurance company will always try to be on the winning end no matter what.
Before Signing The New Policy Document
Before sign, any document from your insurer for the new car, read the tiniest of every letter and words. Don’t assume what you have been told on the phone.
Read everything and ask questions, this is because the excess you pay on the other car may have been tampered by your insurance or increased drastically. You will only realize this when something happens to the car. Be wearier of Complete Cover Group Insurance, you never want to fall into their hands.
Can I use my bonus NCB on two cars?