How does NCD work

[Dr Jekyll]

V8mate said:

It's not a rip-off; it's just a factor.

What *is* a rip-off, is taking the NCD protection policies they flog. Which notionally preserve your NCD but do nothing to change your revised risk profile.

That's not quite true. Some underwriters take the view that someone asking for NCD protection is likely to be cautious by nature therefore a lower risk. Others that they must be expecting to crash therefore a higher risk.

[V8mate]

Dr Jekyll said:

V8mate said:

It's not a rip-off; it's just a factor.

What *is* a rip-off, is taking the NCD protection policies they flog. Which notionally preserve your NCD but do nothing to change your revised risk profile.

That's not quite true. Some underwriters take the view that someone asking for NCD protection is likely to be cautious by nature therefore a lower risk. Others that they must be expecting to crash therefore a higher risk.

That doesn't ring true. As when you run an online quote, they always offer it after you have had your core quote, and it's a standard fee which gets added on.

[anonymous-user]

V8mate said:

That doesn't ring true. As when you run an online quote, they always offer it after you have had your core quote, and it's a standard fee which gets added on.

A fee or an increase in the premium? The same for each insurer?

[CoolHands]

desolate said:

How does that equate to being ripped off?

your answer shows why the industry is as shady as a shady thing. I'm sure in some world 9 equates to 6, just not this one.

[anonymous-user]

CoolHands said:

your answer shows why the industry is as shady as a shady thing. I'm sure in some world 9 equates to 6, just not this one.

You still have your 9 years or whatever - what have you lost?

Would you use an insurer that didn't used no claims discount but was still cheapest?

[Aeroresh]

Its all just a blag/factor call it what you like when but mainly of concerm if you don't have much driving history. It can be easily offset by a load of other factors so not worth getting too hung up on. Its like being offered 50% off double glazing! Meaningless in the context of competion with other providers.

The crucial thing that affects your premium is risk. If youve had a crash, fault or not your insurance will go up, regardless.

I have multiple vehicles insured, if I ever buy an extra car, the fact I dont have any no claims for the new vehicle makes jack all difference to the preimum, only because I've got a record of no claims over a period of years so probably considered relatively low risk.

Premiums are based on algarithyms relating to your age, driving record, where its parked, how much you drive, how much they're likely to pay out if you claim and previous claims history, etc. The preimum is not an absolute figure thats then discounted by whatever no claims you have. Thats why protected no claims is generally a waste of time of time and money.

[TwigtheWonderkid]

CoolHands said:

desolate said:

CoolHands said:

It's a ripoff just like everything else

In what way is it a rip off?

Who can be arsed to argue, but as a token example, how 9 years with an insurer becomes 6 with another, as they don't go up to 9.

Yeah...same with car makers. My last car had a speedo that only went up to 130mph. So I got rid of it and bought the current car, because the speedo goes up to 150. The car I have now isn't as fast, but I wasn't going to be ripped off with no poxy 130 maximum. I'm nobody's fool!

[KingNothing]

desolate said:

CoolHands said:

your answer shows why the industry is as shady as a shady thing. I'm sure in some world 9 equates to 6, just not this one.

You still have your 9 years or whatever - what have you lost?

Would you use an insurer that didn't used no claims discount but was still cheapest?

You've lost 3 years provable NCD when the policy ends? Because company X will only arbitrarily show proof upto 6 years, whereas the company you've came from showed upto at least 9?

[TwigtheWonderkid]

KingNothing said:

desolate said:

CoolHands said:

your answer shows why the industry is as shady as a shady thing. I'm sure in some world 9 equates to 6, just not this one.

You still have your 9 years or whatever - what have you lost?

Would you use an insurer that didn't used no claims discount but was still cheapest?

You've lost 3 years provable NCD when the policy ends? Because company X will only arbitrarily show proof upto 6 years, whereas the company you've came from showed upto at least 9?

No you haven't. You keep a copy of your 9 yrs ncb from 2015, and a copy of your 6 years ncb from 2016 and 2017, and if your new firm in 2017 has an 11 yr maximum, then you'll be eligible or it. Because you have proof of 9 yrs from 2 years ago, and 2 yrs claim free since then.

[CoolHands]

TwigtheWonderkid said:

No you haven't. You keep a copy of your 9 yrs ncb from 2015, and a copy of your 6 years ncb from 2016 and 2017, and if your new firm in 2017 has an 11 yr maximum, then you'll be eligible or it. Because you have proof of 9 yrs from 2 years ago, and 2 yrs claim free since then.

wow sounds so simple!

[KingNothing]

And what happens when you only find a decent price for insurance from a company only offering 5 years proof? After 2 years your 9/10 years proof is invalid. The whole system stinks, it's just marketing BS more than anything, it either needs doing away with or regulating better.

[swisstoni]

TwigtheWonderkid said:

No you haven't. You keep a copy of your 9 yrs ncb from 2015, and a copy of your 6 years ncb from 2016 and 2017, and if your new firm in 2017 has an 11 yr maximum, then you'll be eligible or it. Because you have proof of 9 yrs from 2 years ago, and 2 yrs claim free since then.

And that, folks, neatly sums up the ridiculousness of the situation.

[TwigtheWonderkid]

CoolHands said:

TwigtheWonderkid said:

No you haven't. You keep a copy of your 9 yrs ncb from 2015, and a copy of your 6 years ncb from 2016 and 2017, and if your new firm in 2017 has an 11 yr maximum, then you'll be eligible or it. Because you have proof of 9 yrs from 2 years ago, and 2 yrs claim free since then.

wow sounds so simple!

It is. I have an insurance folder on my desktop. Keep everything in there in sub folders, certificate, policy, ncb proof. Just get a bit organised.

Running a car has 3 legal requirements, insurance, tax and MOT. If you can't cope with those, getting them organised and done, then driving a car isn't really for you.

[swisstoni]

All the info is readily available on insurance databases.
But no - you have to show 'proof' of NCB.
It only still exists so people can trip themselves up.

[CoolHands]

TwigtheWonderkid said:

It is. I have an insurance folder on my desktop. Keep everything in there in sub folders, certificate, policy, ncb proof. Just get a bit organised.

Running a car has 3 legal requirements, insurance, tax and MOT. If you can't cope with those, getting them organised and done, then driving a car isn't really for you.

I genuinely quite often can't even find out who I'm insured with; have to go hunting through emails etc.

[baptistsan]

TwigtheWonderkid said:

No you haven't. You keep a copy of your 9 yrs ncb from 2015, and a copy of your 6 years ncb from 2016 and 2017, and if your new firm in 2017 has an 11 yr maximum, then you'll be eligible or it. Because you have proof of 9 yrs from 2 years ago, and 2 yrs claim free since then.

No you don't, because the new firm only accepts proof of NCD from one single document not multiples. I'm looking at you Aviva!

[anonymous-user]

If I ever get tempted to start doing personal insurance again I'll read this thread and remind myself why I stopped in the first place.

[TwigtheWonderkid]

baptistsan said:

TwigtheWonderkid said:

No you haven't. You keep a copy of your 9 yrs ncb from 2015, and a copy of your 6 years ncb from 2016 and 2017, and if your new firm in 2017 has an 11 yr maximum, then you'll be eligible or it. Because you have proof of 9 yrs from 2 years ago, and 2 yrs claim free since then.

No you don't, because the new firm only accepts proof of NCD from one single document not multiples. I'm looking at you Aviva!

I've never had that issue in 37 year of driving. New insurer has 12 yrs ncb as their max, just sent the last 3 yrs ncb showing 9 yrs on each.

[TwigtheWonderkid]

InitialDave said:

TwigtheWonderkid said:

Plate spinner said:

Agreed. Insurance really is the most shady industry full of bullst and rip off merchants who'll do anything to get your money and everything to avoid paying you out.

What evidence do you have for this? Over the last 35 yrs I've made claims on motor, pet, household and travel insurance. I've never had any trouble getting paid out. Maybe because I told them the truth when I took the policies out and my claims were genuine.

Mmm, I had to claim on my home insurance early this year when I was burgled, and they were great to deal with. I was concerned about things like providing receipts and evidence of what was taken, but they just took my list and sorted me out.

Obviously one experience with one company, and not for car insurance, but clearly shows they can't all be dicks.

Unfortunately most on PH have no interest in facts, just making sure they are on the cool anti insurance bandwagon. It's pathetic.

There are literally millions of drivers in the UK paying sub £250 for annual comp insurance, and every day Monday to Friday, thousands of insurance claims are settled promptly, fairly, and to the complete satisfaction of the policyholder.

[Jaroon]

TwigtheWonderkid said:

InitialDave said:

TwigtheWonderkid said:

Plate spinner said:

Agreed. Insurance really is the most shady industry full of bullst and rip off merchants who'll do anything to get your money and everything to avoid paying you out.

What evidence do you have for this? Over the last 35 yrs I've made claims on motor, pet, household and travel insurance. I've never had any trouble getting paid out. Maybe because I told them the truth when I took the policies out and my claims were genuine.

Mmm, I had to claim on my home insurance early this year when I was burgled, and they were great to deal with. I was concerned about things like providing receipts and evidence of what was taken, but they just took my list and sorted me out.

Obviously one experience with one company, and not for car insurance, but clearly shows they can't all be dicks.

Unfortunately most on PH have no interest in facts, just making sure they are on the cool anti insurance bandwagon. It's pathetic.

There are literally millions of drivers in the UK paying sub £250 for annual comp insurance, and every day Monday to Friday, thousands of insurance claims are settled promptly, fairly, and to the complete satisfaction of the policyholder.

bks, the business model relies on low ball first offers, often accepted by oldies, the unaware and the can;t be arsed. Further more the business model also relies on not paying out when it can avoid it whether from a potentially fraudulent claim or an innocent clerical error. Yes millions pay peanuts on st boxes because they won't claim unless a third party is involved and even then will try to pay cash to stop the robbing bds hiking the premium. Grubby industry.