Can you lose your ncb without claiming?

[Stupeo]

Basically, I got my renewal for my insurance today. I only drive a vectra oil burner and was paying about about £92 a month. My renewal price today was £233!!!

The price has risen (I think) because my ncb has gone down to zero. I should Now have 1 ncb.

I had a bump about 7 months ago and notified my insurance as required. Neither me or the other driver sustained damage and he has never put in an official claim. I only told my insurance as it was my fault and though he might claim!

Now, is it right that they have disallowed me my first ncb even though the other party has never claimed nor have I. Infact, my insurance is all managed online and the claims section where I added the claim says it's not even approved. It was over 7 months ago!!

I have emailed them but thought someone here mint be able to know as I cannot afford the price hike.

Matt

[miniman]

No you still have your NCB but your bump has put your premium up.

In other words, last year premium was £100 with no discount. This year it is £150 with 10% discount = £135.

[Noger]

Yes, you can. If the potential claim is across renewal they can put a marker on the NCD so it doesn't roll over. This would mean the claim was still open and the NCD had not been waived (which is possible in obvious non faults cases). So get the claim closed.

[Stupeo]

Ok, that explains it.

How can I close the claim off from 7 months ago?

[RacingPete]

It is also worth noting that you have up to 3 years to claim on an accident (so I was told by my insurance after I had the same thing happen to me). So even though there was no claim at the time, it will stay pending.

[Stupeo]

RacingPete said:

It is also worth noting that you have up to 3 years to claim on an accident (so I was told by my insurance after I had the same thing happen to me). So even though there was no claim at the time, it will stay pending.

Bugger. I'll shop around and see if I can better the renewal then!

[R1 Loon]

RacingPete said:

It is also worth noting that you have up to 3 years to claim on an accident (so I was told by my insurance after I had the same thing happen to me). So even though there was no claim at the time, it will stay pending.

3 year imitaation on injury claims.

6 years for property.

OP - you can't "close the claim off", it's down to the other side who were not at fault not to claim within the 6 year period.

The price rise may simply be down to the rate at which premiums are rising and you finding yourself in a higher risk group.

[Stupeo]

R1 Loon said:

RacingPete said:

It is also worth noting that you have up to 3 years to claim on an accident (so I was told by my insurance after I had the same thing happen to me). So even though there was no claim at the time, it will stay pending.

3 year imitaation on injury claims.

6 years for property.

OP - you can't "close the claim off", it's down to the other side who were not at fault not to claim within the 6 year period.

The price rise may simply be down to the rate at which premiums are rising and you finding yourself in a higher risk group.

Ok, thanks.

When I get a quote from another company do I need to say I've had a claim then and state that it was at fault etc?

[Noger]

R1 Loon said:

OP - you can't "close the claim off", it's down to the other side who were not at fault not to claim within the 6 year period.

Your insurer can, depends on circumstances. Just close the claim on the system. Or they may allow NCD and keep some sort of reserve. What are you after, reduction in re-open rates or reduction in reserves.

[R1 Loon]

Noger said:

R1 Loon said:

OP - you can't "close the claim off", it's down to the other side who were not at fault not to claim within the 6 year period.

Your insurer can, depends on circumstances. Just close the claim on the system. Or they may allow NCD and keep some sort of reserve. What are you after, reduction in re-open rates or reduction in reserves.

Agreed, usually wait 6 months, so it will be closed, but it's still a claim, whether Info only or not at this point.

[Noger]

R1 Loon said:

Noger said:

R1 Loon said:

OP - you can't "close the claim off", it's down to the other side who were not at fault not to claim within the 6 year period.

Your insurer can, depends on circumstances. Just close the claim on the system. Or they may allow NCD and keep some sort of reserve. What are you after, reduction in re-open rates or reduction in reserves.

Agreed, usually wait 6 months, so it will be closed, but it's still a claim, whether Info only or not at this point.

[Stupeo]

Noger said:

R1 Loon said:

Noger said:

R1 Loon said:

OP - you can't "close the claim off", it's down to the other side who were not at fault not to claim within the 6 year period.

Your insurer can, depends on circumstances. Just close the claim on the system. Or they may allow NCD and keep some sort of reserve. What are you after, reduction in re-open rates or reduction in reserves.

Agreed, usually wait 6 months, so it will be closed, but it's still a claim, whether Info only or not at this point.

It's been seven months..is it worth me asking them can they close it off?

[Thankyou4calling]

Sorry, read it as "Can you lose your nob" and thought jeez, wouldnt be on PH if that happened.

Edited by Thankyou4calling on Sunday 12th September 21:43

[R1 Loon]

Stupeo said:

Noger said:

R1 Loon said:

Noger said:

R1 Loon said:

OP - you can't "close the claim off", it's down to the other side who were not at fault not to claim within the 6 year period.

Your insurer can, depends on circumstances. Just close the claim on the system. Or they may allow NCD and keep some sort of reserve. What are you after, reduction in re-open rates or reduction in reserves.

Agreed, usually wait 6 months, so it will be closed, but it's still a claim, whether Info only or not at this point.

It's been seven months..is it worth me asking them can they close it off?

It probably is closed, but it's a claim nonetheless and so no NCD accrues for the year just completed.

[lescombes]

Should have not said anything to your insurance company about the "incident"......that as others have said will put up the renewal....sharks..
A friend of mine did what you did, was honest and got caned for insurance after.....isn't it a wonder folks knock motors and deny it....or drive away, like in car parks

I am not a fan of Insurance companies....never had a problem at all.....BUT car insurance is highway robbery.....mine still goes up every year the same....and I have never claimed....
I cant get the 90% AXA advertised policy as I have a Jap import, the most I get is 75%...and have had that since 1999 when it first came about....

[NoNeed]

I hae observed most policies are rising massively lately, largly due to accident managment companies sqeezing every penny from a claim and of course more claims due to recession.

The amount of people that have told me their premiums have nearly doubled this year is alarming.

[R1 Loon]

lescombes said:

Should have not said anything to your insurance company about the "incident"......that as others have said will put up the renewal....sharks..
A friend of mine did what you did, was honest and got caned for insurance after.....isn't it a wonder folks knock motors and deny it....or drive away, like in car parks

I am not a fan of Insurance companies....never had a problem at all.....BUT car insurance is highway robbery.....mine still goes up every year the same....and I have never claimed....
I cant get the 90% AXA advertised policy as I have a Jap import, the most I get is 75%...and have had that since 1999 when it first came about....

Much better to stay quiet and then get fully shafted by failing to declare.

As for Highway Robbery, it is, but it's the insurers who are getting robbed paying out c£1.15 for every £1 received in premium income. For that you can thank all the credit hire, no win no fee solicitors and people not reporting claims pushing up the cost.

[ymwoods]

Stupeo said:

RacingPete said:

It is also worth noting that you have up to 3 years to claim on an accident (so I was told by my insurance after I had the same thing happen to me). So even though there was no claim at the time, it will stay pending.

Bugger. I'll shop around and see if I can better the renewal then!

Someone went into the back of me and although we both settled it with a cheque to repair my car he must have notified his insurance company. It stayed open for 11 months before I got a random call from someone asking for a statement and if I had any medical problems after the accident. I can only assume it was his insurance company or an accident managment company but either way I just told them to close it and this is what they did apparently.

Try ringing them up or if your sure he will not claim say you were mistaken and withdraw the claim?

[kprm77]

Thankyou4calling said:

Sorry, read it as "Can you lose your nob" and thought jeez, wouldnt be on PH if that happened.

Glad it wasn't just me who thought this

5 or 6 years ago, I had a bump and advised my insurance company (third party at fault). I didn't claim anything as the damage to my car was only £70 and I thought it wasn't worth the hassle, especially as my excess was a few hundred quid. Anyway the insurance rose by over £100 as a result of this. Sure that was Admiral...