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 Car NCD transfer, How to do the transfer and when to do it

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dogbert_chew
post Apr 27 2024, 09:22 AM

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QUOTE(James2278 @ Apr 27 2024, 09:07 AM)
getting a recond Toyota Harrier.

Icurrently another car with NCD running but still keep the car afterwards.

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%

*
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.

dogbert_chew
post Apr 27 2024, 10:55 AM

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QUOTE(xtreme_paranoid @ Apr 27 2024, 10:03 AM)
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.

 

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