Keeping your No Claims Valid on a Classic Car Policy

Keeping your No Claims Valid on a Classic Car Policy

Author
Discussion

Abacus21

Original Poster:

13 posts

1 month

Wednesday 9th June
quotequote all
I am looking to get a classic car policy but one problem with that it doesnt take into account No Claims Bonus.

Next year my No Claims will be 2 years old and if it isnt used it will be lost.

Half tempted to insure myself on the cheapest car on ebay just to keep it valid. Seems bit crazy to have to do this.

Anyone have a workaround for this?

petjam

355 posts

112 months

Wednesday 9th June
quotequote all
Surely just get a classic car policy which does?

55palfers

5,139 posts

130 months

Wednesday 9th June
quotequote all
i had a similar problem.

What I don't understand is, if you have had a company car, insurance firms will usually mirror NCD when they get evidence of accident free driving in your company car.

My old work colleague did this and got full NCD.

InitialDave

8,411 posts

85 months

Wednesday 9th June
quotequote all
Buy a really cheap car that's very cheap to insure. Put a policy on that to keep the no claims going.

You don't even have to do it every year, normally they'll let you have gaps of a couple of years without losing it.

The car doesn't even have to physically exist, if you think about it. As long as you've got the V5C, you could scrap the car itself, and no one will know.

davek_964

7,538 posts

141 months

Wednesday 9th June
quotequote all
Every company I've ever dealt with that "didn't use NCD" - still kept a record of what I had when I started the policy, and confirmed the number of claim free years I was insured with them when I left. And every insurer I moved to was happy with that as proof of NCD.

pitchfork

253 posts

116 months

Wednesday 9th June
quotequote all
2 years on a classic policy and then a year on a normal policy. That's what I did with my '72 Mini. I was going to do the same with my current car, but I found a normal policy that wasn't much more than a classic, so went with that.

will_

6,003 posts

169 months

Wednesday 9th June
quotequote all
I read on here that you can "retain" NCB on some classic car policies, although you won't accrue any additional years whilst the NCB is "paused" in this way and nor can your NCB be applied to the policy itself. Worth asking your classic car insurer, rather than buying and insuring a cheap car just to maintain your NCB.

Zippee

12,508 posts

200 months

Wednesday 9th June
quotequote all
I'm with classicline for one of mine and they keep my 15 year ncd going.

Abacus21

Original Poster:

13 posts

1 month

Wednesday 9th June
quotequote all
I have reduced the insurance companies on my list to those that will keep my NCD building up. There are a few out there.

johnnyreggae

2,603 posts

126 months

Wednesday 9th June
quotequote all
Forgive me if I'm being thick here but why the almost obsessive need to maintain a minimal NCD ?

Abacus21

Original Poster:

13 posts

1 month

Thursday
quotequote all
I have 14 years built up

davek_964

7,538 posts

141 months

Thursday
quotequote all
Abacus21 said:
I have 14 years built up
Not in your original post you don't?

Abacus21 said:
I am looking to get a classic car policy but one problem with that it doesnt take into account No Claims Bonus.

Next year my No Claims will be 2 years old and if it isnt used it will be lost.
ETA : Ah, I think I understand.

You have 14 years NCD which you aren't currently using, and next year it will have been unused for 2 years (if you don't apply it to a policy) and hence will lose it.