Insurance - NCD when cancelling a policy
Insurance - NCD when cancelling a policy
Author
Discussion

GreigM

Original Poster:

6,740 posts

280 months

Monday 9th September 2013
quotequote all
One for you insurance experts, what's the situation with NCD when you cancel a policy mid-year?

Basic situation is:
Took out a policy (with AXA), in mid-2012, provided them with evidence of 9-years NCD.
Cancelled that policy when I sold the car in march-2013,returned certificate as requested and got email confirmation of returned certificate/cancellation.

Now want to insure a new car and realise I never got a new confirmation of my NCD when I cancelled the policy, but I do still have the evidence from the prior policy (from Admiral,dated may 2012).

So questions are:
1. should I have received a confirmation of the 9-years from the cancelled policy from AXA?
2. alternatively can I/should I simply re-use the older confirmation from Admiral?

cuprabob

19,868 posts

245 months

Monday 9th September 2013
quotequote all
1. Normally, you have to request but as you cancelled mid term you revert back to your previous NCD
2. Yes.

After 5 years NCD it doesn't really matter as most companies max NCD at 5 years. Even if you have 20 years NCD and have an accident it will revert back to 3 years, as the deduction is made from the companies max and not the actual.

CrowCrow00

4,251 posts

187 months

Monday 9th September 2013
quotequote all
AXA were the best insurers I've been with. They gave me the last year when I cancelled the policy 3/4 of the way through due to being given free insurance on a new car.