Hi guys,

I've been thinking about getting a recond Toyota Harrier.

I currently have another car with NCD running but I'm hoping to still keep the car afterwards.

Currently thinking about transfer the NCD to harrier because the insurance will be much higher.

My old car's insurance will neednto be renewed in June this year so do I have to wait until then to transfer..?

How do I carry out the transfer and do I have to renew for a whole new year to reflect the updated NCD before I transfer?

The current NCD is only 30%

Thank you so much in advance!

My experience is can just transfer anytime. The insurance company did the calculations for the price difference for me.

You can transfer anytime.

A. Transfer now.
NCD 30% goes to Harrier
Since another car NCD becomes 0% till June, need to top up a bit of premium

B. Transfer after insurance renew in June for another car,
NCD 38.33% goes to Harrier
The other car drops to 0% so top up like above

If can wait, hit the next level NCD 38.33% before buying Harrier.

Alrightt thanks for the suggestions bro! 👍🏻

Oh this is a good idea! Never crossed my mind that the next tier NCD will reset to one year after I transfer. Good to know for the future

A bit off topic. My old car sold about 2 years ago
Bought new car without transfer the NCD

Possible to transfer the NCD to the new car after 2/3 years?

Yes,

The paperwork easier if same insurance co.
Else still doable.

when u purchase your new car, let your agent knows that u want to transfer ownership of current car to new car.
for a smooth process, u need to do the following:

1) purchase new car insurance will full (no NCD).
2) ask your agent to trigger the transfer of NCD
3) old insurance company will recalculate & ask u to pay the additional amount of no NCD of remaining insurance tenure.
4) new insurance company will contact u & issue the refund of your new car NCD. they will usually tell u takes 2 weeks for refund, but most of the time u'll get it within days.

of coz, if your new car is using the same insurance company as old car, the process will be much seemlees.
additional fact: 1 person can hold 2 active NCD.

depends how many % of NCD u got.
when u hold active NCD, each year u'll get increase discount until 55%.
but if u let your NCD idle, each year will decrease discount.

so if u only hav 2 years worth of NCD discount for example, after 2 years of idle, already bck to 0%, so might as well as stick wit your current NCD.