In the UK, driving licences initially obtained outside of the EEC and "Designated Countries" are valid only for 12 months after the beginning of residency. They are non-exchangeable .
Insurance premiums for experienced drivers are generally much lower than the ones for new drivers .
You are contractually obliged to report changes on the drivers status to the insurance company, such as a licence change.
I tried to find information, but it seems the situation does not occur frequently. Unlike other foreign drivers, EEC and "Designated Countries" licence holders can exchange their licence, thus maintaining the years from the previous one.
I would like to know if someone has information on how the transition from non-exchangeable licences is handled by the insurance company:
- If you keep the same insurer, do they consider your experienced licence when issuing a new policy, and thus reducing the premium?
- If you want to switch car insurance, is there a way for other insurance companies to consider your previous driving experience when issuing a quote?
I have checked the wording of the questions to get a quote, and some insurance companies ask:
"How long have you held a driving licence?
Please tell us how long they have held a valid UK or European Union driving licence (starting from when they were issued with a provisional licence). They must be able to provide a copy of their driving licence documents if required."
While others ask:
Does the driver hold a Full UK Manual driving licence? (Yes or No)
How long has the driver had it for? (Number of years)
From this, I get that some insurance companies might consider the non-exchangeable driving licence years when assessing risk.