Multiple No Claims Bonuses (Car Insurance Question)

[welsh dragon]

That's interesting to know. Thanks.

Admiral do a lot of, policies like this.

 

[Shaun]

Admiral do a lot of, policies like this.

Funnily enough, I just moved to them recently - saved a couple of hundred quid. On a slightly related note to this thread, I'd backed into one of my daughter's dance class mum's cars about three years ago and had assumed I'd lose all of my no claims bonus because I'd made a claim. It turned out I only lost three years and the rest carried over. Go figure.

Then again, a lot has changed over the years with insurance. I believe every claim is now logged in a central database (MID?) and shared with all insurers so you can't blag your way out of it when applying for a new policy or changing insurers?

 

[welsh dragon]

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

He may do, but as you say check. But he can always try a compare insurande site at renewal if that happens, in fact I would recommend you trymdifferent companies every year.

 

[stephec]

Admiral do a lot of, policies like this.

They were my first insurers, after two years of no claims they decided to start increasing my premiums.

When I told them I was moving they were suddenly able to drop it by 35%.

 

[welsh dragon]

Funnily enough, I just moved to them recently - saved a couple of hundred quid. On a slightly related note to this thread, I'd backed into one of my daughter's dance class mum's cars about three years ago and had assumed I'd lose all of my no claims bonus because I'd made a claim. It turned out I only lost three years and the rest carried over. Go figure.

Then again, a lot has changed over the years with insurance. I believe every claim is now logged in a central database (MID?) and shared with all insurers so you can't blag your way out of it when applying for a new policy or changing insurers?

With some companies you, will only lose 2 years NCD in the event of a claim. You will never lose all your NCD for just one claim. Or even 2 for that matter.

 

[Shaun]

With some companies you, will only lose 2 years NCD in the event of a claim. You will never lose all your NCD for just one claim. Or even 2 for that matter.

Oh good - not that I'm about to go play dodgems with the family car mind you!!

 

[welsh dragon]

They were my first insurers, after two years of no claims they decided to start increasing my premiums.

When I told them I was moving they were suddenly able to drop it by 35%.

That's standard for anything though. Take broadband for instance. Always shop around for a bargain.

 

[welsh dragon]

If you have protected NCD, you can have 2 fault claims in 5 years before your NCD would be effected. A 3rd fault claim would mean you would lose 2 years NCD. Again there are differances between insurance companies, but not that much of a differance.

 

[JtB]

Many thanks all for your help.

I've just taken out Admiral insurance on a car and I wasn't sure how to work out my NCD entitlement. Against this car and the cars that preceded it (in terms of continuity of insurance) I've accumulated in excess of 17 years NCD. However I also have another car, and against that car and the cars that preceded it (in terms of continuity of insurance) I've accumulated less NCD due to a claim I made about 11 years ago. So I wasn't sure whether to enter 17 or 11 years NCD (in the end I went for something in-between - 13 years). One thing I've never done though is to protect my NCD because I assume (rightly or wrongly) that if I make a claim then my next premium will take a hike anyway whether or not I keep my NCD.

Once again - many thanks all.

 

[welsh dragon]

Many thanks all for your help.

I've just taken out Admiral insurance on a car and I wasn't sure how to work out my NCD entitlement. Against this car and the cars that preceded it (in terms of continuity of insurance) I've accumulated in excess of 17 years NCD. However I also have another car, and against that car and the cars that preceded it (in terms of continuity of insurance) I've accumulated less NCD due to a claim I made about 11 years ago. So I wasn't sure whether to enter 17 or 11 years NCD (in the end I went for something in-between - 13 years). One thing I've never done though is to protect my NCD because I assume (rightly or wrongly) that if I make a claim then my next premium will take a hike anyway whether or not I keep my NCD.

Once again - many thanks all.

It does not matter how many years you have, there is a maximum NCD you can earn, with some companies itmis 60% some 65% and a few its 70%.usually 5 years gives you the max, on each car. Again check with your insurer.

 

[mr_cellophane]

When I went to insure two cars for my daughter I was told (forget which company) that she couldn't have 4 year NCD on both cars. On would be 4 and none on the other. I thought NCD went with the driver not the car.

 

[welsh dragon]

When I went to insure two cars for my daughter I was told (forget which company) that she couldn't have 4 year NCD on both cars. On would be 4 and none on the other. I thought NCD went with the driver not the car.

You have to earn NCD on each car you own. Just because you have 4 years on one car does not mean you get the same for the other one. They are individual.

 

[stephec]

You have to earn NCD on each car you own. Just because you have 4 years on one car does not mean you get the same for the other one. They are individual.

How would that work if at the time of renewing a policy you changed your car?

Do you keep your no claims even if in effect you are changing your policy?

 

[JtB]

In the past, whenever I've changed my car I've transferred my insurance (and I presume NCD) from the old car to the new one.

 

[CopperBrompton]

As Vernon says, the question is academic. If you have a claim, then regardless of the theoretical NCD applied, the reality is that your risk will reflect the claim, and the premium will reflect your risk.