Hi. Can someone please help with the new car insurence rules. We have just bought another car which we collect later this week.
Can we transfer the policy from the old car to the new or do we have to insure both until we sell the other one. We will stop using our original car and it will be parked on a private driveway.
Hope that makes sense. Thanks.
I have just had to do the same thing. I bought another car and insured it ( transferring insurance from old car) had to pay almost another £100.00 to up grade it, and also kept old car insured for another week, til it was sold at a cost of £15.00 for the week. I kept it insured so as to be able to take it out for a buyer to try it.
All vehicles (other than those held by registered motor traders) must be subject to an insurance policy, even if they're not on the public highway, unless SORN has been declared:
http://www.direct.gov...orinsurance/DG_186696
Ring your insurance company and ask them the question. They will usually transfer the policy to the new car and give a couple of weeks grace on the old car. If you still haven't sold the old one in the time given, ring them again and extend it. But its best insured in case anything happens to it parked on the drive way.