Multiple No Claims Bonuses (Car Insurance Question)

[JtB]

If you own two cars and have accumulated no claims bonuses on each car, what happens if you have to make an insurance claim on one car? Does that knock back the no claims bonus on one or both cars?

 

[welsh dragon]

If you make a claim on one car, then only the no claims discount attached to that car will be effected, unless of course you have protected NCD, in which case it will not be effected in any way.

 

[vernon]

If you own two cars and have accumulated no claims bonuses on each car, what happens if you have to make an insurance claim on one car? Does that knock back the no claims bonus on one or both cars?

Read the small print or ask the insurance companies. That way you'll get facts and not opinions.

 

[welsh dragon]

Not an opinion. I was a manager of a large insurance company for many years. The NCD you earn on each car is seperate from each other.

 

[vernon]

Here's an opinion anyway...

As you have to declare any claims made on policy renewal for both of your policies, you might find that the 'claim free' company will maintain your no claims bonus but hike the premium.

 

[vernon]

Not an opinion. I was a manager of a large insurance company for many years. The NCD you earn on each car is seperate from each other.

Not aimed at you personally but there's usually a lot of chaff to sort through to get to the wheat with anything remotely linked to legal/financial/insurance issues.

 

[welsh dragon]

There is that possibility, but that is a different question to what the OP is asking.

 

[Shaun]

Is it still per-vehicle if both vehicles are on a single policy? (Just curious)

 

[vernon]

There is that possibility, but that is a different question to what the OP is asking.

Yes but it's probably the answer that he's after, i.e. will he have to pay more on the other policy?

 

[welsh dragon]

Not aimed at you personally but there's usually a lot of chaff to sort through to get to the wheat with anything remotely linked to legal/financial/insurance issues.

That is true indeed, but the ncd question is relatively easy to answer as opposed to many others, but I agree with what you say on the subject

 

[stephec]

When you take out a policy don't you have to declare any claims made in the past however long, even if it was on a different car/policy?

Mind you I've had company cars for the past seventeen years so it might have changed since my day.

 

[welsh dragon]

Is it still per-vehicle if both vehicles are on a single policy? (Just curious)

You can have multiple vehicles on one policy, and each one can and will earn there own seperate NCD, but make sure you have that kind of, policy. Ask your insurer first

 

[Shaun]

You can have multiple vehicles on one policy, and each one can and will earn there own seperate NCD, but make sure you have that kind of, policy. Ask your insurer first

That's interesting to know. Thanks.

 

[vernon]

When you take out a policy don't you have to declare any claims made in the past however long, even if it was on a different car/policy?

Mind you I've had company cars for the past seventeen years so it might have changed since my day.

One TMN to me.

Here's an opinion anyway...

As you have to declare any claims made on policy renewal for both of your policies, you might find that the 'claim free' company will maintain your no claims bonus but hike the premium.

 

[welsh dragon]

When you take out a policy don't you have to declare any claims made in the past however long, even if it was on a different car/policy?

Mind you I've had company cars for the past seventeen years so it might have changed since my day.

No. They will ask you if you have made any claims, or had any accidents or had insurance declined for any reason in the last five years,