If I were to sell my car private (and not buy another straight away ) what is common practice insurance wise ?

Would I just cancel remainder of policy for a refund of months left?

And what would happen with my no claims bonus?

Yep, just cancel and you may get something back. If you're with a company so inclined, you may even get a charge due to their cancellation fee being more than the remainder of your policy. You should be able to ask them for proof of NCB which you can then use later.

If you're paying by DD, there will be very little due back to you and you may have to pay a cancellation fee in addition. If you paid in one lump there will be more due back. You'll also only be given bonus up to the last complete full year of insurance.

It would also depend on if you plan to buy another car. If you are then you should be able to suspend it for a time.

Check with your company as they do differ.

You can pause your insurance for when you get a new car. If you are not getting a new car then you will need to cancel it and will not be rewarded no claims bonus for that year.

I would suggest you cancel your policy because until you do you could still be liable for 3rd party claims even though you no longer own the car. I can't remember the specifics but one bloke is facing financial ruin because he sold a bike and the buyer never insured it but was involved in a serious accident and he's now being pursued for damages which runs into serious money and will likely leave him homeless and bankrupt.

I would suggest you cancel your policy because until you do you could still be liable for 3rd party claims even though you no longer own the car. I can't remember the specifics but one bloke is facing financial ruin because he sold a bike and the buyer never insured it but was involved in a serious accident and he's now being pursued for damages which runs into serious money and will likely leave him homeless and bankrupt.

Why would that be the case if the bike was insured ?

Why would that be the case if the bike was insured ?

I don't think so, but as you've got no way of checking this effectively is it worth the risk. After all someone could take out insurance then either cancel it or not have enough in their bank etc for the DD then the insurer cancels the insurance which could leave you in the doo doo. Not worth the risk IMO.

http://www.visordown.com/motorcycle-news--general-news/biker-may-be-forced-to-pay-thousands-after-banned-new-owner-has-fatal-crash/25470.html

http://www.visordown.com/motorcycle-news--general-news/biker-may-be-forced-to-pay-thousands-after-banned-new-owner-has-fatal-crash/25470.html

Yep I do know about that but any evidence he actually DID pay.

After all monkeys "may" fly out of my butt

In every policy I've ever had, it stated I had to be the owner/registered keeper of the vehicle. If you sell it and send off the V5 then you're neither, so that would make the insurance void?