Insurance Suggestions - NCB (additional car)
Discussion
I currently run a BMW 128ti and a Honda S2000. These are insured on a multi car policy with NFU.
Both cars each have the maximum 9 years NCB attached to their respective insurance cover, and these are ‘protected’.
I am looking at adding another car to my stable (981 Cayman), but I am unsure what is the best and most economical approach regarding insurance.
Some previous companies I have been insured with have allowed existing NCB’s to be mirrored over onto additional cars, but NFU do not allow this.
So it looks as though I may have to start afresh, which with no NCB will likely be very expensive.
I have had a play on various insurance comparison sites and was pleasantly surprised by some of the premiums quoted (which seemed to some degree to take into account my existing claim free record on my existing cars, and the fact that my mileage would be low at circa 4k miles.
As far as I can see the downside of going down this route is that in the event of a claim (and with no way to protect the initial introductory NCB provided) my following years premiums would sky rocket to unaffordable levels. In addition, assuming there are no claims, I would not be able to protect the NCB until I had achieved a run of 4/5 successive years without a claim.
I know there are specialist companies out there, and just wondered if anyone has been in a similar situation and can provide any recommendations/ advice please?
Thanks
Both cars each have the maximum 9 years NCB attached to their respective insurance cover, and these are ‘protected’.
I am looking at adding another car to my stable (981 Cayman), but I am unsure what is the best and most economical approach regarding insurance.
Some previous companies I have been insured with have allowed existing NCB’s to be mirrored over onto additional cars, but NFU do not allow this.
So it looks as though I may have to start afresh, which with no NCB will likely be very expensive.
I have had a play on various insurance comparison sites and was pleasantly surprised by some of the premiums quoted (which seemed to some degree to take into account my existing claim free record on my existing cars, and the fact that my mileage would be low at circa 4k miles.
As far as I can see the downside of going down this route is that in the event of a claim (and with no way to protect the initial introductory NCB provided) my following years premiums would sky rocket to unaffordable levels. In addition, assuming there are no claims, I would not be able to protect the NCB until I had achieved a run of 4/5 successive years without a claim.
I know there are specialist companies out there, and just wondered if anyone has been in a similar situation and can provide any recommendations/ advice please?
Thanks
Rich 3 said:
As far as I can see the downside of going down this route is that in the event of a claim (and with no way to protect the initial introductory NCB provided) my following years premiums would sky rocket to unaffordable levels. .
That could happen even if you have protected NCB - the underlying premium could still go up dramatically.SO27 said:
When I bought a third car, by far the cheapest way to insure it was to start from zero NCB again.
The insurers who would mirror existing NCB were very uncompetitive on price.
Pretty much my experience too. And insuring from a standing start was surprisingly cheap to be honest. Worth throwing a quote into one of the comparison sites and seeing what comes up. As well as just asking nfu for a price to add it. The insurers who would mirror existing NCB were very uncompetitive on price.
Thanks for all your replies.
Car insurance is clearly a bit of a lottery, and judging by some of the other insurance threads on this forum - finding a reputable and trustworthy company (if any still exist!) is a daunting challenge.
From the responses received it seems that the best solution to my conundrum, will likely be to get on the comparison sites to find the best compromise between cost and quality - and hope that I can build up a decent period of no claims during the initial years that I have the car.
Car insurance is clearly a bit of a lottery, and judging by some of the other insurance threads on this forum - finding a reputable and trustworthy company (if any still exist!) is a daunting challenge.
From the responses received it seems that the best solution to my conundrum, will likely be to get on the comparison sites to find the best compromise between cost and quality - and hope that I can build up a decent period of no claims during the initial years that I have the car.
Your other alternative is to go to a broker and let them do all the work to either find you a new insurer for the new car and / or look at a similar multi car policy with another insurer.
Won’t cost you anything.
Howdens ( previously A Plan ) are reasonable enough but there will be others obviously.
Won’t cost you anything.
Howdens ( previously A Plan ) are reasonable enough but there will be others obviously.
Thanks - yes I have tried Howdens previously, but they were very uncompetitive on price and the company they would have placed me with had less than great reviews.
Having said that I know some members on here speak highly of them - I think they must be very sensitive to geographical location, age etc
However as you say, I could try some other brokers to get a wider view.
Having said that I know some members on here speak highly of them - I think they must be very sensitive to geographical location, age etc
However as you say, I could try some other brokers to get a wider view.
When I first got a 2nd car A Plan (now Howden) got me a very competitive quote that mirrored my NCB with Allianz, but that was back in 2014 and Allianz later pulled out of motor insurance.
Although they have recently bought LV so seem to have had a change of heart!
As someone suggested if you can get a good quote for your S2000 from a classic insurer (assuming it is over 20 years old) they usually don't do NCB, so you could use it for the Cayman.
Although they have recently bought LV so seem to have had a change of heart!
As someone suggested if you can get a good quote for your S2000 from a classic insurer (assuming it is over 20 years old) they usually don't do NCB, so you could use it for the Cayman.
Thanks - yes I have tried Howdens previously, but they were very uncompetitive on price and the company they would have placed me with had less than great reviews.
Having said that I know some members on here speak highly of them - I think they must be very sensitive to geographical location, age etc
However as you say, I could try some other brokers to get a wider view.
Having said that I know some members on here speak highly of them - I think they must be very sensitive to geographical location, age etc
However as you say, I could try some other brokers to get a wider view.
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