NCB question

[Z064life]

Hi,


If someone has 5 yrs NCB, and another 7 yrs NCB, does this translate to any difference in cost?



Thanks

[Evangelion]

Why not go onto ConfuseTheMeerkat or whatever it's called, put them both in and see what comes up?

[Z064life]

Actually I was interested in real world stories...

I actually worded what I wrote wrong: What I meant was if someone drove since 17 and is now 24 (7 years), what their premium would be vs someone who has 4 years NCB. And also if someone with 5 years NCB/5 years license and someone with 5 yrs NCB and more than5 yrs driving experience pays different amounts.

Anyway, so far, the premiums are the same.


BTW, I noticed some insurers provide 6 yrs NCB?

[Meoricin]

Z064life said:

Actually I was interested in real world stories...

I actually worded what I wrote wrong: What I meant was if someone drove since 17 and is now 24 (7 years), what their premium would be vs someone who has 4 years NCB. And also if someone with 5 years NCB/5 years license and someone with 5 yrs NCB and more than5 yrs driving experience pays different amounts.

Anyway, so far, the premiums are the same.


BTW, I noticed some insurers provide 6 yrs NCB?

You're really not being very clear. What are you actually trying to find out? Whether the length of time the license has been held makes a difference beyond NCB?

[johnpeat]

Z064life said:

If someone has 5 yrs NCB, and another 7 yrs NCB, does this translate to any difference in cost?

2 separate things to consider.

NCB

With some insurers, possibly - with others, no.

5 was the max for ages but a lot of insurers now extend NCB, presumably to try to attract 'safer' (luckier!?) drivers.

Once upon a time it worked like this

1 Year - 25%
2 Years - 35%
3 Years - 45%
4 Years - 55%
5 Years - 65%

The new systems may well just keep going OR they could offer less to lower NCB holders - so it's entirely down to how the insurer decides to make it work - e.g. it could be

1 Year - 5%
2 Years - 15%
3 Years - 25%
4 Years - 35%
5 Years - 45%
6 Years - 55%
7 Years - 65% <<< same

or any other system you can imagine, really...

PREMIUM

A driver with a longer history of no claims or accidents (or points or anything else) may well get a lower premium from any insurer, of course.

Edited by johnpeat on Wednesday 17th August 01:47

[Z064life]

Hi,

Thanks for that post, that was informative.

I do have more questions, but now it is specific to my insurer so not really in scope to be asked here.