Letting a motor insurance policy lapse.

James Bond Junior

Hi all, so my policy is due for renewal on my old jalopy but I don't live in Ireland and won't be back until June 2022. I've kept it open and suspended for just over 12 months in order to keep my NCB intact. The car is a 2006 Volvo that my father now drives to the bog (private road) and that's it. It is in poor repair and was at the end of it's life a year ago when I parked it up. I'd have scrapped it but it has new tyres which will fit my classic cars wheels.

Should I renew, it's only €600 due to suspension credit and I can suspend again to build up further credit on the account. I'm with Cornmarket.

I don't want a situation where I come back summer 22 and have to start all over but I understand NCB stands for 2 years before it disapears? I also have the issue of the classic car, I need a second policy but my wife's car is also in Ireland and we use it when as home (16 BMW) so in theory I have that to fall back on.

MEGA BRO WOLF 5000

I managed to keep my NCB when I was abroad. I was a named driver on father's policy for 2.5 years and I kept my full NCB when I came home. I was told at the time (2011) that if I'd let it go over the 3 years my old NCB wouldn't have been worth anything and go back to zero years experience.

Hope that helps.

James Bond Junior

Hunky Monster wrote: »

I managed to keep my NCB when I was abroad. I was a named driver on father's policy for 2.5 years and I kept my full NCB when I came home. I was told at the time (2011) that if I'd let it go over the 3 years my old NCB wouldn't have been worth anything and go back to zero years experience.

Hope that helps.

Thanks, I don't mind paying out a few €100 a year to maintain it but would rather not if I don't have to.

MEGA BRO WOLF 5000

James Bond Junior wrote: »

Thanks, I don't mind paying out a few €100 a year to maintain it but would rather not if I don't have to.

I would drop cornmarket a line. I know with my own insurnce the gap of no insurance before I lose my NCB is two years but it's a rinky dink insurance company. Some of the bigger companies will leave you go three years of a gap before it lapses.

exaisle

My NCB would have ecpired two years after the expiry of my policy.. It may be that this changes from company to company.

James Bond Junior

Hunky Monster wrote: »

I would drop cornmarket a line. I know with my own insurnce the gap of no insurance before I lose my NCB is two years but it's a rinky dink insurance company. Some of the bigger companies will leave you go three years of a gap before it lapses.

A quick email would make sense but they are notorious for not replying.

MEGA BRO WOLF 5000

James Bond Junior wrote: »

A quick email would make sense but they are notorious for not replying.

Sounds like my crowd, I shopped around everywhere and eventually settled on coverinaclick because they were a whole 15eur cheaper than the next place but for that privileges they don't answer emails either and a quick call usually takes an hour.