Dont have any ncd - Insurance quotes frustration

[TwigtheWonderkid]

Dog Star said:

Too true about the discount - I've come to the conclusion that the whole ncd thing is a ripoff.

For example I have 30 years claim free history, with 30 years of clean licence. In April this year we were burgled an my motorbike stolen - payout £6650, so a relatively small payout in insurance terms.

I am now getting royally buttfked on my premiums - bikey insurance has rocketed from 220 to 2000 (despite my remaining 3 years NCD) and my car renewal has gone up from 260 to 571 (with my intact 16 years (documented) NCD).

One claim in 30 years. Unbefkinglievable

You do realise that having been the victim of a theft claim, stats show that your chances of getting done over again have rocketed?

[Devil2575]

LoonR1 said:

TwigtheWonderkid said:

I don't see how it's anything like a cartel like practice?

As for bride, many businesses have inducements to keep you as a customer. So what?

No, no, no. It's not exactly what some people want to suit their own personal situation perfectly therefore it's all the industry's fault for being st.

This.

Out of interest, how much are the quotes comming back as? My insurance is about £200 a year so 50% extra would hardly be a crisis. Given how long the OP states he has has a company car and before that built up a NCD, I suspect that unless he's looking to get something very fast and/or exotic, I can't imagine we're talking about 4 figure sums for insurance. In which case take the best quote and in a couple of years time you'll have some NCD and it will come down.

[Devil2575]

Dog Star said:

Too true about the discount - I've come to the conclusion that the whole ncd thing is a ripoff.

For example I have 30 years claim free history, with 30 years of clean licence. In April this year we were burgled an my motorbike stolen - payout £6650, so a relatively small payout in insurance terms.

I am now getting royally buttfked on my premiums - bikey insurance has rocketed from 220 to 2000 (despite my remaining 3 years NCD) and my car renewal has gone up from 260 to 571 (with my intact 16 years (documented) NCD).

One claim in 30 years. Unbefkinglievable

Thought about changing provider? maybe they just don't want your business?

I made a claim on my insurance and my renewal was a bike hike so I move provider and it ended up costing me an extra £50 compared to the previous years premium.

[DaveH23]

I had a £8000 claim which gave me 0 NCD, Driving 9 years in total at 28 and tesco insured me on my Mazda 3 MPS for little over £600

Prior to claim it was £500

[LoonR1]

DaveH23 said:

I had a £8000 claim which gave me 0 NCD, Driving 9 years in total at 28 and tesco insured me on my Mazda 3 MPS for little over £600

Prior to claim it was £500

Why did you go to 0 years NCD? The value of the claim is irrelevant to Personal Lines policies. If you were claim free for 9 years then the norm (note the word "norm" pedants) would be 2 years off the max of 5 years. Other cos will very but no worse than 4 years off 7 max.

[Devil2575]

LoonR1 said:

DaveH23 said:

I had a £8000 claim which gave me 0 NCD, Driving 9 years in total at 28 and tesco insured me on my Mazda 3 MPS for little over £600

Prior to claim it was £500

Why did you go to 0 years NCD? The value of the claim is irrelevant to Personal Lines policies. If you were claim free for 9 years then the norm (note the word "norm" pedants) would be 2 years off the max of 5 years. Other cos will very but no worse than 4 years off 7 max.

He didn't say he had 9 yeard NCD, just that he'd bee driving for 9 years in total.

[LoonR1]

Devil2575 said:

He didn't say he had 9 yeard NCD, just that he'd bee driving for 9 years in total.

True. He didn't mention any other claims though and if he had a history of claiming then it'd make his story quite irrelevant.

[DaveH23]

Devil2575 said:

LoonR1 said:

DaveH23 said:

I had a £8000 claim which gave me 0 NCD, Driving 9 years in total at 28 and tesco insured me on my Mazda 3 MPS for little over £600

Prior to claim it was £500

Why did you go to 0 years NCD? The value of the claim is irrelevant to Personal Lines policies. If you were claim free for 9 years then the norm (note the word "norm" pedants) would be 2 years off the max of 5 years. Other cos will very but no worse than 4 years off 7 max.

He didn't say he had 9 yeard NCD, just that he'd bee driving for 9 years in total.

7 years NCD prior to the above.

[LoonR1]

DaveH23 said:

Devil2575 said:

LoonR1 said:

DaveH23 said:

I had a £8000 claim which gave me 0 NCD, Driving 9 years in total at 28 and tesco insured me on my Mazda 3 MPS for little over £600

Prior to claim it was £500

Why did you go to 0 years NCD? The value of the claim is irrelevant to Personal Lines policies. If you were claim free for 9 years then the norm (note the word "norm" pedants) would be 2 years off the max of 5 years. Other cos will very but no worse than 4 years off 7 max.

He didn't say he had 9 yeard NCD, just that he'd bee driving for 9 years in total.

7 years NCD prior to the above.

So my question stands. Why did you go to 0 years?

[DaveH23]

For a fault £8000 claim as I mentioned in the OP

[TwigtheWonderkid]

DaveH23 said:

For a fault £8000 claim as I mentioned in the OP

Bonus wouldn't reduce from 7 yrs to zero even if you had an £8m claim. You'd need to have had 2 or maybe 3 claims to get it down from 7 to nothing.

[LoonR1]

TwigtheWonderkid said:

DaveH23 said:

For a fault £8000 claim as I mentioned in the OP

Bonus wouldn't reduce from 7 yrs to zero even if you had an £8m claim. You'd need to have had 2 or maybe 3 claims to get it down from 7 to nothing.

Yep. Hence my question.

[photosnob]

TwigtheWonderkid said:

Bonus wouldn't reduce from 7 yrs to zero even if you had an £8m claim. You'd need to have had 2 or maybe 3 claims to get it down from 7 to nothing.

I dont understand no claims.

I have 6 years off them. Which means I haven't claimed in 6 years.

If I claim they say I haven't claimed in 4 years... But I have had one less than a year ago.

If I pay them some money they will say I've not had an accident at all, unless I have loads of claims.

However even though I can say I've had no claims for 6/4 years. I still have to tell them I've had a claim.

Som genius had a lightbulb moment with this one...

[Dog Star]

photosnob said:

I dont understand no claims.

I have 6 years off them. Which means I haven't claimed in 6 years.

If I claim they say I haven't claimed in 4 years... But I have had one less than a year ago.

If I pay them some money they will say I've not had an accident at all, unless I have loads of claims.

However even though I can say I've had no claims for 6/4 years. I still have to tell them I've had a claim.

Som genius had a lightbulb moment with this one...

And don't forget - if you have had a claim, regardless of fault, you'll get your premiums loaded to fk anyway, rendering any NCB totally worthless.

[photosnob]

Dog Star said:

And don't forget - if you have had a claim, regardless of fault, you'll get your premiums loaded to fk anyway, rendering any NCB totally worthless.

Yep but it's not is it. How many folk do you reckon spend hundreds or even thousands paying out of their own pocket so they don't lose those no claims! It must save insurance companies a packet. Pay for insurance and then be too scared to use it.

My policy is cheap and I've never been loaded so I can't complain.

I just don't get the bloody stupid system of no claims. All the insurance companies do it, so they clearly all think it's a brilliant idea.

[LoonR1]

Dog Star said:

And don't forget - if you have had a claim, regardless of fault, you'll get your premiums loaded to fk anyway, rendering any NCB totally worthless.

Fault is really the wrong word. It's the ability to recover outlay that dictates whether it's classes as "fault" or not. Not all insurers load after a non-fault, most will after a theft.

[LoonR1]

photosnob said:

I dont understand no claims.

I have 6 years off them. Which means I haven't claimed in 6 years.

If I claim they say I haven't claimed in 4 years... But I have had one less than a year ago.

If I pay them some money they will say I've not had an accident at all, unless I have loads of claims.

However even though I can say I've had no claims for 6/4 years. I still have to tell them I've had a claim.

Som genius had a lightbulb moment with this one...

As a start look at it this way NCD is NO Claims Discount. This is earned over a period of years on e you tech the maximum, which broadly speaking is 5 years, then every subsequent year is simply claim free, rather than earning bonus. Insuring your znCD is your choice, we could always remove that option if you'd prefer.

[photosnob]

LoonR1 said:

As a start look at it this way NCD is NO Claims Discount. This is earned over a period of years on e you tech the maximum, which broadly speaking is 5 years, then every subsequent year is simply claim free, rather than earning bonus. Insuring your znCD is your choice, we could always remove that option if you'd prefer.

I think the part you have described is understood by most.

The absurdity is claiming that someone has a certain amount of no claims bonus when they have just had a crash!

Surely you can see the absurdity in issuing a document that claims someone has just had a crash but has a certain number of years of no claims bonus. I find the idea of dropping two years even more bizarre. If I've crashed my car and it's my fault how can you issue a document saying I've still got 4 years...

I'm not sure who came up with this idea. But I don't think it's too well thought out.

[TwigtheWonderkid]

Dog Star said:

And don't forget - if you have had a claim, regardless of fault, you'll get your premiums loaded to fk anyway, rendering any NCB totally worthless.

Not all insurers load for a non fault claim, and even if they do, you still get your NCB off the loaded premium, so how is it worthless?

[LoonR1]

TwigtheWonderkid said:

Not all insurers load for a non fault claim, and even if they do, you still get your NCB off the loaded premium, so how is it worthless?

He's classing his theft claim as non fault.