Insuring a second car, relating to NCB

[tylerama]

Hi, hope you lot can give me some advice !
(Apologies if there is an insurance specific section that i've missed)

So, I have a Golf, with 9 years no claims bonus, owned by me since 2003 and registered to the address I live at in West London.
I wish to purchase a small runaround Yaris to use maybe 2, 3, or 4 days per month, when I pop back to kent to visit mum, so I can take her shopping (she doesn't drive), run errands, take stuff to the tip etc.

This will be registered at the address in Kent and owned by me.

Is it correct that the no claims bonus cannot be used for both cars and NCB is 'attached' to the particular car ? So it's currently only valid on the golf ? and in the insurers eyes I am effectively starting with a clean sheet of paper ? My insurers have issued me with a note to say I currently have 9 years NCB that I can show to any potential insurer.

Currently it's looking like an 11 year old 1.3 litre Yaris is gonna cost me more than the golf to insure, to use maybe 1500 miles a year, if that !

Any help and advice gratefully received.. thanks !
Daniel

[Ki3r]

Have you tried those multi car insurance things? Or phoning up your current insurers and see if there is anything they can do?

[SLCZ3]

Some companies will "mirror" your NCB on the second car, and some other will give reduced quote for the "second" car emphasis the low mileage that will be done in the second car.

[tylerama]

Ki3r said:

Have you tried those multi car insurance things? Or phoning up your current insurers and see if there is anything they can do?

I have. Sadly the golf is with greenlight, and as the yaris is not a performance car (not that the golf is particularly), they don't wanna know.

[tylerama]

SLCZ3 said:

Some companies will "mirror" your NCB on the second car, and some other will give reduced quote for the "second" car emphasis the low mileage that will be done in the second car.

Thanks, I will have to ring round later (wonderful !) and make sure they are aware of my current no claims and emphasise the low mileage expected. 95% of the time it's gonna be sat on a driveway !

[monthefish]

SLCZ3 said:

Some companies will "mirror" your NCB on the second car, and some other will give reduced quote for the "second" car emphasis the low mileage that will be done in the second car.

^^^this.

My multi-car policy applied my NCD to all vehicles, which is how it should be, as the NCD relates to the driver and not the car, and the driver can only drive one vehile at a time.

[tylerama]

monthefish said:

^^^this.

My multi-car policy applied my NCD to all vehicles, which is how it should be, as the NCD relates to the driver and not the car, and the driver can only drive one vehile at a time.

So it *IS* attached to the driver and not the car !

Sadly I can't do a multi car policy as the golf is *mildly* modified and I have to use greenlight for my insurance. The yaris is standard and they don't wanna know.

[monthefish]

tylerama said:

monthefish said:

^^^this.

My multi-car policy applied my NCD to all vehicles, which is how it should be, as the NCD relates to the driver and not the car, and the driver can only drive one vehile at a time.

So it *IS* attached to the driver and not the car !

No (but it should be).

When an Insurer comes up with a premium, it is done with complex calculations based on all risk factors (age, address, driving history, claim history, car age, car performance, car security level, cost of repairs for car etc etc).

Some factors are related to the car (i.e. same driver will pay less to insure a Fiesta than he would a Ferrari)
Some factors are related to the driver. (i.e. two different drivers will have different premiums for the same car)

An NCB is obviously a reflection of a driver risk factor, and, in my opinion, should be applied to any and every vehicle he may insure.

[tylerama]

Quite right ! It seems mad that the yaris could cost more to insure than the golf that has probably three times the power and will be used for perhaps 1/6th of the annual mileage.

monthefish said:

No (but it should be).

When an Insurer comes up with a premium, it is done with complex calculations based on all risk factors (age, address, driving history, claim history, car age, car performance, car security level, cost of repairs for car etc etc).

Some factors are related to the car (i.e. same driver will pay less to insure a Fiesta than he would a Ferrari)
Some factors are related to the driver. (i.e. two different drivers will have different premiums for the same car)

An NCB is obviously a reflection of a driver risk factor, and, in my opinion, should be applied to any and every vehicle he may insure.

[Biker's Nemesis]

I have 3 seprate insurances for my cars and 3 for the bikes, it isn't that bad as I find insurance companys take into account how many years NCB you have with your other cars/bikes.

My Focus RS was £509 fully comp with 0 years NCD showing on my policy due to starting a new policy.

It can't be expensive to insure a Yaris.

[Red Devil]

monthefish said:

SLCZ3 said:

Some companies will "mirror" your NCB on the second car, and some other will give reduced quote for the "second" car emphasis the low mileage that will be done in the second car.

^^^this.

My multi-car policy applied my NCD to all vehicles, which is how it should be, as the NCD relates to the driver and not the car, and the driver can only drive one vehile at a time.

I agree that NCD should be applicable to all vehicles but not for the reason you give. You have omitted fire and theft for which the insurer is also on risk. You need not be anywhere near the car should either of the above happen.

[tylerama]

Biker's Nemesis said:

I have 3 seprate insurances for my cars and 3 for the bikes, it isn't that bad as I find insurance companys take into account how many years NCB you have with your other cars/bikes.

My Focus RS was £509 fully comp with 0 years NCD showing on my policy due to starting a new policy.

It can't be expensive to insure a Yaris.

I hope not ! Best quote with 8 years NCB was £288.

[caziques]

This really used to wind up years ago (early eighties).

The brokers told me that NCB only applied to one vehicle - and that with a second insurance I would start again. As I had a number of cars (all old things worth nothing) - I ended up swapping insurance on a regular basis - it was either free or minimal cost. Hence I only had one car insurance at all times.

The question that never got answered was; if a person has two no claims bonuses, does an accident affect them both?

After a few years I managed to get a traders policy with the growth of classic car policies in the late eighties. Nowadays it's a bit easier - insurance isn't mandatory in New Zealand.

[Pontoneer]

tylerama said:

Hi, hope you lot can give me some advice !
(Apologies if there is an insurance specific section that i've missed)

So, I have a Golf, with 9 years no claims bonus, owned by me since 2003 and registered to the address I live at in West London.
I wish to purchase a small runaround Yaris to use maybe 2, 3, or 4 days per month, when I pop back to kent to visit mum, so I can take her shopping (she doesn't drive), run errands, take stuff to the tip etc.

This will be registered at the address in Kent and owned by me.

Is it correct that the no claims bonus cannot be used for both cars and NCB is 'attached' to the particular car ? So it's currently only valid on the golf ? and in the insurers eyes I am effectively starting with a clean sheet of paper ? My insurers have issued me with a note to say I currently have 9 years NCB that I can show to any potential insurer.

Currently it's looking like an 11 year old 1.3 litre Yaris is gonna cost me more than the golf to insure, to use maybe 1500 miles a year, if that !

Any help and advice gratefully received.. thanks !
Daniel

Forget the Yaris ; get a classic car that you can insure for buttons ( no NCD applaicable on low mileage , agreed value , policies ) , start enjoying zero depreciation ( or even negative ) . Only downside is that you might actually prefer the other car to your modern 'tin box' and want to do more miles in it .

[TwigtheWonderkid]

monthefish said:

An NCB is obviously a reflection of a driver risk factor, and, in my opinion, should be applied to any and every vehicle he may insure.

But that would have to cut both ways. So if you had actually owned 3 cars (all 3 at the same time) for 5 yrs and built up maximum bonus on all 3, then had a crash on one, you'd be happy, using your theory, to lose the bonus on all 3? Becaue it's a reflection of driver risk factor!

No...thought not.

[STHi]

TwigtheWonderkid said:

But that would have to cut both ways. So if you had actually owned 3 cars (all 3 at the same time) for 5 yrs and built up maximum bonus on all 3, then had a crash on one, you'd be happy, using your theory, to lose the bonus on all 3? Becaue it's a reflection of driver risk factor!

No...thought not.

This is the correct answer

[TwigtheWonderkid]

STHi said:

TwigtheWonderkid said:

But that would have to cut both ways. So if you had actually owned 3 cars (all 3 at the same time) for 5 yrs and built up maximum bonus on all 3, then had a crash on one, you'd be happy, using your theory, to lose the bonus on all 3? Becaue it's a reflection of driver risk factor!

No...thought not.

This is the correct answer

Woo hoo. I go thru to the next round of Celebrity Insurance Questions from Hell on Ice.

[catso]

caziques said:

The question that never got answered was; if a person has two no claims bonuses, does an accident affect them both?

What do you think?

It may not 'technically' affect the NCB but they'll increase the premium anyway on any and all other policies.

I had 2 car policies and my Wife who was a named driver had an accident in one of the cars; not only did my other car policy increase but also my bike policy which is in my name only.

In the words of cap'n Jack Sparrow "Take all you can, give nothing back"...

[Jonleeper]

TwigtheWonderkid said:

monthefish said:

An NCB is obviously a reflection of a driver risk factor, and, in my opinion, should be applied to any and every vehicle he may insure.

But that would have to cut both ways. So if you had actually owned 3 cars (all 3 at the same time) for 5 yrs and built up maximum bonus on all 3, then had a crash on one, you'd be happy, using your theory, to lose the bonus on all 3? Becaue it's a reflection of driver risk factor!

No...thought not.

BUT YOU DO! the question asked at renewal is "Have you or anyone named on this insurance had any accidents or claims int he last 5 years". This applies to any policy not just the one you are renewing. So you can only build up no claims on one car but loose it with any accident regardless of car driven at the time. It's another example of the insurance industry wanting its cake and eating it as well.

[DavidHM]

Jonleeper said:

TwigtheWonderkid said:

monthefish said:

An NCB is obviously a reflection of a driver risk factor, and, in my opinion, should be applied to any and every vehicle he may insure.

But that would have to cut both ways. So if you had actually owned 3 cars (all 3 at the same time) for 5 yrs and built up maximum bonus on all 3, then had a crash on one, you'd be happy, using your theory, to lose the bonus on all 3? Becaue it's a reflection of driver risk factor!

No...thought not.

BUT YOU DO! the question asked at renewal is "Have you or anyone named on this insurance had any accidents or claims int he last 5 years". This applies to any policy not just the one you are renewing. So you can only build up no claims on one car but loose it with any accident regardless of car driven at the time. It's another example of the insurance industry wanting its cake and eating it as well.

But the policy you didn't claim on is still given the same no claims bonus as if you hadn't had the accident. Of course you do declare it and pay an increased premium, but not one without a bonus.