Medicine Man
Well Known Member
Hi all,
This might seem a bit of a complicated question so bear with me!
I’m currently insured on my current car with 1 year No Claims Bonus while declaring my previous DR10. My DR10 will become ‘spent’ in July next year therefore I will not need to declare it to my insurance company. My policy is up for renewal next year in October, when I will have 2 years No Claims Bonus, but then I will effectively have been paying for almost 4 months insurance at a slightly inflated rate due to declaring the conviction.
My question is this; I have 3 options currently and would like to know what is the best in terms of being better off in the short term and long term:
1. Continue like normal and then just remove the conviction once the policy is up for renewal.
2. Call up my insurance company in July and remove the conviction (if this affects my current price then great).
3. Cancel my policy on July, and get a new one without the conviction (obviously this means I will then effectively have to start from scratch with the year towards my 2 years No Claims Bonus)
MM
This might seem a bit of a complicated question so bear with me!
I’m currently insured on my current car with 1 year No Claims Bonus while declaring my previous DR10. My DR10 will become ‘spent’ in July next year therefore I will not need to declare it to my insurance company. My policy is up for renewal next year in October, when I will have 2 years No Claims Bonus, but then I will effectively have been paying for almost 4 months insurance at a slightly inflated rate due to declaring the conviction.
My question is this; I have 3 options currently and would like to know what is the best in terms of being better off in the short term and long term:
1. Continue like normal and then just remove the conviction once the policy is up for renewal.
2. Call up my insurance company in July and remove the conviction (if this affects my current price then great).
3. Cancel my policy on July, and get a new one without the conviction (obviously this means I will then effectively have to start from scratch with the year towards my 2 years No Claims Bonus)
MM