How exactly do no claims work?
Discussion
I thought I knew, but it seems I don't!
I've had a licence for 20 years, no claims ever made.
In that time I've had a few cars, not many.
I currently have 3 cars insured on admiral multi car, one where Mrs UTH is the main driver, the other two I am.
One car I've owned about 4 years, one about 3 years and one we've got on lease (Mrs UTH's main car) since last May.
Where exactly should/would my 20 years no claims sit, as I'm now understanding it that I can't apply it to all cars, it has to be on one car? But I haven't accrued 20 years on any of those cars, given I haven't owned them that long?
The longest I did have was on my Evo6 which I owned since about 2011, but it's now off the road for the foreseeable future.
If I were to buy a new car (getting rid of the 3 year old car) and maybe insure it outside of my Admiral policy, where do I sit in terms of no claims on that new car? Is it at zero? Is it 20?
I've had a licence for 20 years, no claims ever made.
In that time I've had a few cars, not many.
I currently have 3 cars insured on admiral multi car, one where Mrs UTH is the main driver, the other two I am.
One car I've owned about 4 years, one about 3 years and one we've got on lease (Mrs UTH's main car) since last May.
Where exactly should/would my 20 years no claims sit, as I'm now understanding it that I can't apply it to all cars, it has to be on one car? But I haven't accrued 20 years on any of those cars, given I haven't owned them that long?
The longest I did have was on my Evo6 which I owned since about 2011, but it's now off the road for the foreseeable future.
If I were to buy a new car (getting rid of the 3 year old car) and maybe insure it outside of my Admiral policy, where do I sit in terms of no claims on that new car? Is it at zero? Is it 20?
No Claims isn't particular to one specific car, but it can only be used on one car at a time.
If you had one car for five years and then sell it and buy a new one, when you've owned the second car for three years, you could have built up one 'no claims' record which is eight years long.
If you kept the first car when you bought the second car, then at year 8 you would have two no claims records, one of eight years length (all on car 1), and one of three years (all on car 2).
If you had one car for five years and then sell it and buy a new one, when you've owned the second car for three years, you could have built up one 'no claims' record which is eight years long.
If you kept the first car when you bought the second car, then at year 8 you would have two no claims records, one of eight years length (all on car 1), and one of three years (all on car 2).
UTH said:
I thought I knew, but it seems I don't!
I've had a licence for 20 years, no claims ever made.
In that time I've had a few cars, not many.
I currently have 3 cars insured on admiral multi car, one where Mrs UTH is the main driver, the other two I am.
One car I've owned about 4 years, one about 3 years and one we've got on lease (Mrs UTH's main car) since last May.
Where exactly should/would my 20 years no claims sit, as I'm now understanding it that I can't apply it to all cars, it has to be on one car? But I haven't accrued 20 years on any of those cars, given I haven't owned them that long?
The longest I did have was on my Evo6 which I owned since about 2011, but it's now off the road for the foreseeable future.
If I were to buy a new car (getting rid of the 3 year old car) and maybe insure it outside of my Admiral policy, where do I sit in terms of no claims on that new car? Is it at zero? Is it 20?
It's 3 years - the time you've had a second car insured in your name. I've had a licence for 20 years, no claims ever made.
In that time I've had a few cars, not many.
I currently have 3 cars insured on admiral multi car, one where Mrs UTH is the main driver, the other two I am.
One car I've owned about 4 years, one about 3 years and one we've got on lease (Mrs UTH's main car) since last May.
Where exactly should/would my 20 years no claims sit, as I'm now understanding it that I can't apply it to all cars, it has to be on one car? But I haven't accrued 20 years on any of those cars, given I haven't owned them that long?
The longest I did have was on my Evo6 which I owned since about 2011, but it's now off the road for the foreseeable future.
If I were to buy a new car (getting rid of the 3 year old car) and maybe insure it outside of my Admiral policy, where do I sit in terms of no claims on that new car? Is it at zero? Is it 20?
Your first car has the 20 years NCB passed from car to car as your first or only car. You could also claim with the likes of Direct Line a third car NCB as a named driver on her policy.
Isn't it strange that insurance quotes only give a final price and don't show the breakdown showing the basic premium with the discount applied?
No claims bonus is just a marketing tool used by insurance companies.
The insurance premium is based on many factors including your claims record but you could have previous claims and still have a no claims bonus and so they just increase the basic premium.
Many insurance companies will give you a discount based on your other and previous cars and driving history.
Search for the insurance cover that you need and provide all the information asked for to get a quote and focus on the total cost and ignore no claims bonus.
No claims bonus is just a marketing tool used by insurance companies.
The insurance premium is based on many factors including your claims record but you could have previous claims and still have a no claims bonus and so they just increase the basic premium.
Many insurance companies will give you a discount based on your other and previous cars and driving history.
Search for the insurance cover that you need and provide all the information asked for to get a quote and focus on the total cost and ignore no claims bonus.
Ok thanks guys. Am I right in saying I have 20 years that I can "split" between the three cars?
One of my cars (corvette) is probably going to benefit a lot more from more no claims than our T-cross for example.....
Basically, I'm thinking of replacing an old diesel mini with a Focus RS, but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
One of my cars (corvette) is probably going to benefit a lot more from more no claims than our T-cross for example.....
Basically, I'm thinking of replacing an old diesel mini with a Focus RS, but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
riskyj said:
NCB is capped at 9 years by most insurers. Or in other words, there is no additional discount for any years of no claims beyond 9.
Good point. But can I split that 9? I guess ideally I'd be putting 4.5 between Corvette and Focus, leaving the T-cross with none.
Of course I'm assuming that NCB still makes a massive difference, which maybe I'm wrong about anyway!
UTH said:
Ok thanks guys. Am I right in saying I have 20 years that I can "split" between the three cars?
One of my cars (corvette) is probably going to benefit a lot more from more no claims than our T-cross for example.....
Basically, I'm thinking of replacing an old diesel mini with a Focus RS, but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
No, you can't split it. Put the biggest NCB on the most expensive insurance, and work down the cars with the NCB you have in that way.One of my cars (corvette) is probably going to benefit a lot more from more no claims than our T-cross for example.....
Basically, I'm thinking of replacing an old diesel mini with a Focus RS, but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
Dashnine said:
UTH said:
Ok thanks guys. Am I right in saying I have 20 years that I can "split" between the three cars?
One of my cars (corvette) is probably going to benefit a lot more from more no claims than our T-cross for example.....
Basically, I'm thinking of replacing an old diesel mini with a Focus RS, but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
No, you can't split it. Put the biggest NCB on the most expensive insurance, and work down the cars with the NCB you have in that way.One of my cars (corvette) is probably going to benefit a lot more from more no claims than our T-cross for example.....
Basically, I'm thinking of replacing an old diesel mini with a Focus RS, but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
UTH said:
Dashnine said:
UTH said:
Ok thanks guys. Am I right in saying I have 20 years that I can "split" between the three cars?
One of my cars (corvette) is probably going to benefit a lot more from more no claims than our T-cross for example.....
Basically, I'm thinking of replacing an old diesel mini with a Focus RS, but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
No, you can't split it. Put the biggest NCB on the most expensive insurance, and work down the cars with the NCB you have in that way.One of my cars (corvette) is probably going to benefit a lot more from more no claims than our T-cross for example.....
Basically, I'm thinking of replacing an old diesel mini with a Focus RS, but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
But as above, a broker may be able to find a company that will match it.
Emily's dad said:
I’ve always had a daily driver, which has built up max no claims discount.
When I bought my toy, I went to a broker who got me a policy that matched my NCD.
Full no claims on both cars. Maybe worth ringing your insurer, or trying a few brokers to see if you can achieve the same.
Ok will def give that a go then, sounds like the best option if it’s possible! When I bought my toy, I went to a broker who got me a policy that matched my NCD.
Full no claims on both cars. Maybe worth ringing your insurer, or trying a few brokers to see if you can achieve the same.
UTH said:
...but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
I've just run some quotes on a Focus RS with a popular Meerkat themed comparison site.With 9 years NCD, cheapest is £804 with plenty of options upto to £900
With No NCD, cheapest is £982, with plenty of options upto to £1100.
So, approx 18% 'discount' for 9 years NCD - that's even before you try any haggling or price matching.
Truckosaurus said:
UTH said:
...but I don't really fancy a huge bill to insure the RS if I can't put any NCB against it, if that makes sense?
I've just run some quotes on a Focus RS with a popular Meerkat themed comparison site.With 9 years NCD, cheapest is £804 with plenty of options upto to £900
With No NCD, cheapest is £982, with plenty of options upto to £1100.
So, approx 18% 'discount' for 9 years NCD - that's even before you try any haggling or price matching.
I have two lots of NCD currently:
One for 9 years which is linked to my daily/ primary vehicle.
I have a second lot for 4 years which is currently unallocated as until April this year ran two cars, both in my name and when I purchased a second car I started from scratch with 0 no claims on a second policy, this lot of NCD currently sits in the ether, albeit I have proof as I only have one car but I will buy another cheap hot hatch before it expires.
One for 9 years which is linked to my daily/ primary vehicle.
I have a second lot for 4 years which is currently unallocated as until April this year ran two cars, both in my name and when I purchased a second car I started from scratch with 0 no claims on a second policy, this lot of NCD currently sits in the ether, albeit I have proof as I only have one car but I will buy another cheap hot hatch before it expires.
The insurance world has evolved hugely over the last 15 years to a point where a risk with 0 ncb but a good credit score can get a better cheaper rate on someone with 9 yrs ncb and a low credit score!!
Also the OP mentioned his cars, the highest risk car may not be the most expensive or quickest car it would be your daily driver. A focus RS garaged 3 rd car and very low miles would fit specific schemes with or without ncb. The corvette can be underwritten by an insurer who specialises in American cars knowing they are gas gussling toys that do very low miles hence they are low premiums.
TBH if you are with Admiral ask them for the breakdown of costs for each car and i bet you would be surprised how cheap they are.
Also the OP mentioned his cars, the highest risk car may not be the most expensive or quickest car it would be your daily driver. A focus RS garaged 3 rd car and very low miles would fit specific schemes with or without ncb. The corvette can be underwritten by an insurer who specialises in American cars knowing they are gas gussling toys that do very low miles hence they are low premiums.
TBH if you are with Admiral ask them for the breakdown of costs for each car and i bet you would be surprised how cheap they are.
Whilst I had a few mins, I did a quick look on a popular comparison site.
I did separate searches on the three cars I currently insure through Admiral - for arguments sake I put them all at 0 years NCB, and the total combining the three came in £200 lower than the renewal I paid Admiral, which also had my 20 years NCB applied!! WTF is that about??
Clearly I should have told Admiral to stick it and just gone and insured them all separately. Time to look at my cancellation policy!!!
I did separate searches on the three cars I currently insure through Admiral - for arguments sake I put them all at 0 years NCB, and the total combining the three came in £200 lower than the renewal I paid Admiral, which also had my 20 years NCB applied!! WTF is that about??
Clearly I should have told Admiral to stick it and just gone and insured them all separately. Time to look at my cancellation policy!!!
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