Insurance NCD transfer to new car
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 Apr 13 2015, 04:40 AM
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#1
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Junior Member
38 posts Joined: Aug 2011 
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Hi all, i have just bought a new car which insurance fee about rm4100, im driving my current car which insurance fee is only rm1200, i am entitled for the 30% ncd and my question now is can i transfer my ncd from current car to the new car, i wish keeping both cars by the way.
And also how is the insurance comp going to give the ncd30% back to me for the new car? |
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Apr 13 2015, 03:02 PM
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#2
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Junior Member
38 posts Joined: Aug 2011
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QUOTE(aeiou228 @ Apr 13 2015, 12:27 PM) Can be done: So in this case u would suggest me to transfer the existing ncd to the new car onot? The existing ncd is going to increase again on augustGo to your current car insurance co to refund the pro rated 30% NCD. Get the 30% NCD release endorsement and send it to your new car insurance co for the prorated refund. But: You wasted a "period/time" for both insurance covers to earn the next level of NCD ie 38.33% and 25% because you do the refund in between the standard 1 year insurance coverage period and your next NCD and insurance renewal date will be due in different dates now.  By transfering now i need to top up rm130 to the previous car and save about rm800 for the new car insurance Which is best to me now? Transfer or not to transfer? |
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