Cancelling your old car insurance or changing vehicles is always a good opportunity to compare different insurance offers and take advantage of potential savings. Here you can find out what you should pay attention to when changing the car insurance when changing vehicles.
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Why does the car insurance change when you change vehicles??
A vehicle insurance contract is always vehicle-related. This means that a separate contract must be concluded for each vehicle. Not only when you buy a new car, but also when you register a used one as a new vehicle owner, you have to insure your car anew. The provider must first calculate a new offer to suit your vehicle. You cannot simply transfer your current car insurance to the new car. And even if you want to stay with your current insurance provider, your new car will have to be re-insured.
Good to know
Regardless of whether it’s a new or used car, you can’t register it with the registration office until you have proof of insurance in the form of the evb number. Changing car insurance when changing vehicles is the first step immediately after purchasing a new vehicle.
How does the change of car insurance work when changing vehicles??
If you plan to change your car insurance – for example, because you are dissatisfied with the conditions of your insurer or want to take out a cheaper insurance policy – you are normally bound by a cancellation period. The deadline for timely termination of vehicle insurance is usually 30.11. of a year. The written notice of cancellation must be received by the insurance provider by this date.
However, if you have changed your vehicle, you can cancel or change your current vehicle insurance prematurely. Regardless of whether your new car is to be insured with the same insurer or with a different one, in this case you make use of your special right of termination. This means that when you change vehicles, you are entitled to give extraordinary notice of termination of your current vehicle insurance policy with the previous insurer.
Good to know
The special right of cancellation applies not only if you change your car insurance when you change vehicles, but also, for example, if your insurer increases premiums without improving the range of services offered.
If you wish to exercise your special right of cancellation, you must provide your insurance provider with written proof of either the change of ownership of the vehicle to be insured, the re-registration or the confirmation of deregistration.
You can now take out a new insurance policy for the new vehicle with your current insurer or with another insurer. You receive a new evb number when you change insurance, which you present to the registration office. This is an individual code consisting of numbers and letters. Without a valid evb number, a new car cannot be registered at the vehicle registration office.
Can I freely choose the car insurance when changing vehicles??
as a car owner you can freely choose the car insurance when you change the car provider. Either you remain loyal to your current car insurance and take out a new insurance contract for your new vehicle or you change the provider.
In the course of changing your car insurance, you can also consider whether you should only take out the legally required motor vehicle liability insurance for your car or whether you should also insure your car against damage with partial or fully comprehensive insurance.
CLARK insurance experts will help you find the right insurance quotes for you and your car.
Do I have to cancel my old car insurance when changing vehicles??
Cancellation of car insurance when changing vehicles is not mandatory. How you deal with your existing car insurance when you switch to a new vehicle depends on what happens to your old car:
- If a car is deregistered because it is sold or scrapped, the insurance coverage of the car insurance ends with the deregistration of the car at the vehicle registration office.
- If you keep your old car without deregistering it, your car insurance will continue as before.
- If you want to use your old car as a second car, you can have your existing contract rewritten by your current insurer.
- If you change the insurance provider, your old car can be included in the new insurance contract.
What if there is an overlap when you change car insurance providers when you change vehicles??
It often happens that two car insurance policies overlap when a vehicle is changed. As long as your old car has not been deregistered, the previous insurance rate continues to apply. Especially with spontaneous car purchases, there is often an overlap of car insurance.
If you replace your old vehicle with a new one, it is often not possible to cancel the old insurance quickly enough. In this case, insurance premiums are due for both the new and the old car.
Good to know
Within a transitional period of two to four weeks, you as the policyholder usually benefit from the same no-claims bonus when you change your car insurance. This is granted by most insurance companies per accident-free year. During the transitional period, the new car is classified in the same no-claims class as the previous vehicle.
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