How to Transfer Car Insurance | Saga Car Insurance

We’ll guide you through the ins and outs of transferring your insurance from one car to another

Getting a new car is exciting! But what do you do about car insurance if you’ve already got an existing policy for your old set of wheels? Can you transfer car insurance from one car to another, or will you have to take out a new policy?

Read on to find out what your options are.

Can I transfer my existing insurance to a new car?

Yes, most insurers allow you to transfer your existing car insurance policy to another car. Most car insurance policies run for 12 months, but you can’t be expected to only change cars on the day your policy is up for renewal.

How do I transfer my car insurance policy?

It’s a straightforward process – all you need to do is let your insurer know. You can generally do this either online or by phone.

You’ll likely need to provide the following:

Car registration number
Car make/model/description
Engine size (cc)
Year of manufacture
Vehicle value
Any modifications
Where the vehicle is kept overnight

You’ll also be able to check the level of cover needed and that the annual mileage is appropriate for your everyday needs.

Whatever happens, make sure you change your car insurance before you start driving your new car. Otherwise you risk driving it home without having proper insurance in place.

Will it cost anything to change car insurance?

Some providers will charge you an admin fee to change your car insurance and your premium may change.

If your new car is worth more than your previous car and has a more powerful engine, your premium is likely to go up. But if you’re downsizing to a smaller car with a smaller engine, your premium might go down.

Can I change to a new provider?

Yes, you can. To do so, you’ll have to cancel your existing policy and take out a new one, and you may have to pay a cancellation fee.

Please note that you'll probably lose your No claims discount for the current year if you cancel before the end of your 12-month policy.

When else might you need to update your car insurance?

As well as getting a new car, there are other circumstances that would warrant you updating your car insurance. These include:

Moving house
Changing your name
Changing gender
Being involved in an accident
Getting married or divorced
Changing jobs

Modifying the car
Receiving a driving or criminal conviction
Needing to add extra mileage
Changing where you park overnight
Wanting to add an additional driver

It’s quick and easy to transfer your Saga Car Insurance policy, simply contact us to speak to one of our team. You can make changes at any time, and your updated policy will cover you until your existing renewal date.