No claims bonus
Discussion
Going to be one of those things that are obvious when someone tells me..
I'm curious about the reasoning for only allowing you to use your NCB on one vehicle at a time, I've been trying to figure out the logic behind this for 15 minutes now and am clearly missing a trick as I'm not even close to an idea yet. Someone please explain it to me, I've got more important things to think about but can't move on from this until I know
(I've got a TVR which isn't really the best thing to be driving in the winter so have been looking at buying a Jeep to use as a winter hack, did a quick online quote to add it to my TVR insurance and found out about this clause. I will phone them up and try other ways of insuring the pair, but I don't get the reasoning for this as I can only drive one car at a time, I suppose that I could crash the two cars into each other on my driveway..)
I'm curious about the reasoning for only allowing you to use your NCB on one vehicle at a time, I've been trying to figure out the logic behind this for 15 minutes now and am clearly missing a trick as I'm not even close to an idea yet. Someone please explain it to me, I've got more important things to think about but can't move on from this until I know
(I've got a TVR which isn't really the best thing to be driving in the winter so have been looking at buying a Jeep to use as a winter hack, did a quick online quote to add it to my TVR insurance and found out about this clause. I will phone them up and try other ways of insuring the pair, but I don't get the reasoning for this as I can only drive one car at a time, I suppose that I could crash the two cars into each other on my driveway..)
Sorry I can't help with the reason why but how old is your TVR ? I had the same problem. I am self employed & drive my own van which I have my NCD on but my Lotus Esprit is on a classic policy which doesn't allow for NCD & you don't earn any NCD on it. It's still only £ 300 / year though whereas my van in £ 350, probably because my Esprit is insured for 4k miles per annum & the van for 15k miles.
There's no logic at all to it that I can work out other than a good excuse to fleece us even further. Surely if you can prove you've driven for x years without an accident for one vehicle, nothing's changed when you come to insure the second?
It would make sense for companies to allow duplicate NCDs or scrap the NCD and just ask how many continuous years you've had insurance for without claiming, but they would lose out then.
It would make sense for companies to allow duplicate NCDs or scrap the NCD and just ask how many continuous years you've had insurance for without claiming, but they would lose out then.
Darkslider said:
There's no logic at all to it that I can work out other than a good excuse to fleece us even further. Surely if you can prove you've driven for x years without an accident for one vehicle, nothing's changed when you come to insure the second?
It would make sense for companies to allow duplicate NCDs or scrap the NCD and just ask how many continuous years you've had insurance for without claiming, but they would lose out then.
They do, see my post above. Find a good broker and you can get your full NCD mirrored to a second policy. It doesn't accumulate an NCD of it's own but it is cheaper.It would make sense for companies to allow duplicate NCDs or scrap the NCD and just ask how many continuous years you've had insurance for without claiming, but they would lose out then.
Vaud said:
Darkslider said:
There's no logic at all to it that I can work out other than a good excuse to fleece us even further. Surely if you can prove you've driven for x years without an accident for one vehicle, nothing's changed when you come to insure the second?
It would make sense for companies to allow duplicate NCDs or scrap the NCD and just ask how many continuous years you've had insurance for without claiming, but they would lose out then.
They do, see my post above. Find a good broker and you can get your full NCD mirrored to a second policy. It doesn't accumulate an NCD of it's own but it is cheaper.It would make sense for companies to allow duplicate NCDs or scrap the NCD and just ask how many continuous years you've had insurance for without claiming, but they would lose out then.
NCD is a specific discount- and like you say - that only counts for one vehicle. It is transferable to other vehicles, and in some cases between spouses. Entitlement is industry standard. You get 1 year per claim free year up to four years. Discount above this is discretionary for each individual insurance company. If you have a fault claim you get knocked back two years, or back to two years if you have more than four years.
If your ncd is being 'mirrored' to a second policy, the new insurer is allowing a separate specific discount for a good driving history. They do not have to convert this to ncd but sometimes choose to.
I had no insurance for years (company cars) and had to stay with Aviva four two years before they would send me a renewal with 5 years ncd on it.
If your ncd is being 'mirrored' to a second policy, the new insurer is allowing a separate specific discount for a good driving history. They do not have to convert this to ncd but sometimes choose to.
I had no insurance for years (company cars) and had to stay with Aviva four two years before they would send me a renewal with 5 years ncd on it.
Vaud said:
You can get a shadow or mirror policy for a 2nd car that reflects your main NCB and risk. Talk to a good broker.
That's what I've got.Maximum no claims on my Mustang which is mirrored on my Durango, which is insured with the same broker.
Can also get it mirrored on my Merc with a different broker.
Main insurer for me at the moment? Adrian Flux. Couldn't be more helpful.
In France, if you earn NCB, you can use it on any number of vehicles. But.....if you have a claim on one of your vehicles, naturally you lose all your bonus on all vehicles. So someone steals your moped, and your Ferrari insurance goes thru the roof.
In France, they moan about this and ask why they don't have a system like ours, where you earn separate bonus on each vehicle. And the loss of bonus on one vehicle doesn't effect the bonus on another.
In France, they moan about this and ask why they don't have a system like ours, where you earn separate bonus on each vehicle. And the loss of bonus on one vehicle doesn't effect the bonus on another.
TwigtheWonderkid said:
In France, if you earn NCB, you can use it on any number of vehicles. But.....if you have a claim on one of your vehicles, naturally you lose all your bonus on all vehicles. So someone steals your moped, and your Ferrari insurance goes thru the roof.
In France, they moan about this and ask why they don't have a system like ours, where you earn separate bonus on each vehicle. And the loss of bonus on one vehicle doesn't effect the bonus on another.
You don't own a separate bonus on each vehicle here as I understand it.In France, they moan about this and ask why they don't have a system like ours, where you earn separate bonus on each vehicle. And the loss of bonus on one vehicle doesn't effect the bonus on another.
The person and their history is the risk calculation, hence the questions on insurance "have you made a claim in the last x years", and not "have someone claimed on this vehicle in the last x years"
You don't build up separate NCDs by policy/vehicle, but you can ask an insurer to recognise your NCD and mirror that lower risk to a second vehicle, but that doesn't then create a separate risk profile.
Happy to be corrected.
Vaud said:
TwigtheWonderkid said:
In France, if you earn NCB, you can use it on any number of vehicles. But.....if you have a claim on one of your vehicles, naturally you lose all your bonus on all vehicles. So someone steals your moped, and your Ferrari insurance goes thru the roof.
In France, they moan about this and ask why they don't have a system like ours, where you earn separate bonus on each vehicle. And the loss of bonus on one vehicle doesn't effect the bonus on another.
You don't own a separate bonus on each vehicle here as I understand it.In France, they moan about this and ask why they don't have a system like ours, where you earn separate bonus on each vehicle. And the loss of bonus on one vehicle doesn't effect the bonus on another.
The person and their history is the risk calculation, hence the questions on insurance "have you made a claim in the last x years", and not "have someone claimed on this vehicle in the last x years"
You don't build up separate NCDs by policy/vehicle, but you can ask an insurer to recognise your NCD and mirror that lower risk to a second vehicle, but that doesn't then create a separate risk profile.
Happy to be corrected.
Some insurers will give you ncb on a new car if you have some on another car, as an introductory offer to secure the business, but most insurers won't.
Many insurers now will match the NCD over multiple cars (my last three have all been happy to do so) so its always worth asking the question!
As to why its per vehicle in the first place well the short answer is because people were historically at least happy to pay it - so why give away profits if you don't have to? The slightly longer answer is that in response to the argument of I can only be driving one at a time you have to remember that they aren't just insuring the car when you are driving it but also when its parked up covering theft, being hit, set on fire etc etc.
As to why its per vehicle in the first place well the short answer is because people were historically at least happy to pay it - so why give away profits if you don't have to? The slightly longer answer is that in response to the argument of I can only be driving one at a time you have to remember that they aren't just insuring the car when you are driving it but also when its parked up covering theft, being hit, set on fire etc etc.
On the subject of this, what safeguards do the insurance industry use to ensure people aren't using one NCB on multiple policies?
Say I go out and buy a second car tomorrow, phone up a new insurer, and send them the same renewal letter I sent the insurance company who are insuring my first car? At the time I took out the policy on my first car, would they have contacted my old insurer, or entered something on the insurance database? Or did they just stick it in a file with my policy for future reference if needed?
Or would I not get found out until I've made a claim on both policies?
Say I go out and buy a second car tomorrow, phone up a new insurer, and send them the same renewal letter I sent the insurance company who are insuring my first car? At the time I took out the policy on my first car, would they have contacted my old insurer, or entered something on the insurance database? Or did they just stick it in a file with my policy for future reference if needed?
Or would I not get found out until I've made a claim on both policies?
onesickpuppy said:
Sorry to piggyback this thread, but the one thing I can't get my head round is Protected NCB. If you pay a premium to protect your NCB, then have a claim, can you still take the original NCB at the end of that policy year to a new insurer? I doubt it...
Protected is usually only protected with the same insurer.op, most decent insurers will actually set up a policy for your new car mirroring your ncb or giving you a good start just to add that business to your other one, certainly my experience with more than and Aviva over the years. try a multicar policy, then the ncb is linked to the driver and not a car.
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