How much will losing NCB affect premiums?
Discussion
Depends on your age, but roughly...
20% for going from 5 years' NCB to 3 (of course if you would have had five, that means you now have 4 and will have 2);
Probably another 10-20% for having a fault claim.
Less whatever you get for being older/shopping around.
Your mileage may vary.
You don't lose 5 years' NCB in one hit - it will reset back to 2 years less than whatever you had - unless of course you had multiple fault claims in one insurance year.
20% for going from 5 years' NCB to 3 (of course if you would have had five, that means you now have 4 and will have 2);
Probably another 10-20% for having a fault claim.
Less whatever you get for being older/shopping around.
Your mileage may vary.
You don't lose 5 years' NCB in one hit - it will reset back to 2 years less than whatever you had - unless of course you had multiple fault claims in one insurance year.
Balls.
Just as I was getting to an age where insurance is a lot cheaper, someone smacks my car in a car park... whilst my car was unattended.
I've had my car hit twice now in the same car park, the first one wasn't so bad and I didn't claim but this is going to be about 1500+ worth of damage.
My insurance was down to about 450 for this year - looks like I'll definitely be going TPFT next year and stay out of said car park.
Just as I was getting to an age where insurance is a lot cheaper, someone smacks my car in a car park... whilst my car was unattended.
I've had my car hit twice now in the same car park, the first one wasn't so bad and I didn't claim but this is going to be about 1500+ worth of damage.
My insurance was down to about 450 for this year - looks like I'll definitely be going TPFT next year and stay out of said car park.
CYMR0 said:
Depends on your age, but roughly...
20% for going from 5 years' NCB to 3 (of course if you would have had five, that means you now have 4 and will have 2);
Probably another 10-20% for having a fault claim.
Less whatever you get for being older/shopping around.
Your mileage may vary.
You don't lose 5 years' NCB in one hit - it will reset back to 2 years less than whatever you had - unless of course you had multiple fault claims in one insurance year.
Ahhh I didn't know that? I'll check how many years I had exactly but it was 5 years IIRC. So next year I would have had 6 years NCB - so it will be down to 4? Or 3? Thanks a lot.20% for going from 5 years' NCB to 3 (of course if you would have had five, that means you now have 4 and will have 2);
Probably another 10-20% for having a fault claim.
Less whatever you get for being older/shopping around.
Your mileage may vary.
You don't lose 5 years' NCB in one hit - it will reset back to 2 years less than whatever you had - unless of course you had multiple fault claims in one insurance year.
mu0n said:
My insurance was down to about 450 for this year - looks like I'll definitely be going TPFT next year and stay out of said car park.
Strange course of action when you're willing to claim for some car park damage - TPFT isn't that much cheaper than comprehensive anyway - and what will you do if it happens again?Lot different when you have a snotter you don't give two s
ts about.Really TPF&T?
On my figures I'd guess that your premium will be 600 or so, maybe less if you've not shopped around for the best deal this year. (It is a guess of course).
For that you'll be getting a 1,500 payout to fix the damage caused.
I'd say that fully comp still looks like a winner for you, especially as the TPF&T premiums are often not much lower, not least because there is less selection in the market and those that opt for them tend to be higher risk drivers.
Oh and to answer the question in the crossed post, it will depend on your insurer but the standard would be that you had 5 years, it's capped at 5, so next year you'll have 3 years' NCB plus one 'fault' claim against you, though you will generally have the option to say that you were not at fault but couldn't recover against the driver. This means that the insurer might rate you more favourably.
On my figures I'd guess that your premium will be 600 or so, maybe less if you've not shopped around for the best deal this year. (It is a guess of course).
For that you'll be getting a 1,500 payout to fix the damage caused.
I'd say that fully comp still looks like a winner for you, especially as the TPF&T premiums are often not much lower, not least because there is less selection in the market and those that opt for them tend to be higher risk drivers.
Oh and to answer the question in the crossed post, it will depend on your insurer but the standard would be that you had 5 years, it's capped at 5, so next year you'll have 3 years' NCB plus one 'fault' claim against you, though you will generally have the option to say that you were not at fault but couldn't recover against the driver. This means that the insurer might rate you more favourably.
Edited by CYMR0 on Monday 7th October 16:18
Toaster Pilot said:
mu0n said:
My insurance was down to about 450 for this year - looks like I'll definitely be going TPFT next year and stay out of said car park.
Strange course of action when you're willing to claim for some car park damage - TPFT isn't that much cheaper than comprehensive anyway - and what will you do if it happens again?Lot different when you have a snotter you don't give two s
ts about.And the damage is bad - looks like someone has driven down the side of my car at about 30mph!
CYMR0 said:
Really TPF&T?
On my figures I'd guess that your premium will be £600 or so, maybe less if you've not shopped around for the best deal this year. (It is a guess of course).
For that you'll be getting a £1,500 payout to fix the damage caused.
I'd say that fully comp still looks like a winner for you, especially as the TPF&T premiums are often not much lower, not least because there is less selection in the market and those that opt for them tend to be higher risk drivers.
Cheers. I guess I was worried that the premiums would jump up a lot but hopefully not too bad.On my figures I'd guess that your premium will be £600 or so, maybe less if you've not shopped around for the best deal this year. (It is a guess of course).
For that you'll be getting a £1,500 payout to fix the damage caused.
I'd say that fully comp still looks like a winner for you, especially as the TPF&T premiums are often not much lower, not least because there is less selection in the market and those that opt for them tend to be higher risk drivers.
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