Keeping your No Claims Valid on a Classic Car Policy

Keeping your No Claims Valid on a Classic Car Policy

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Abacus21

Original Poster:

161 posts

50 months

Wednesday 9th June 2021
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

495 posts

161 months

Wednesday 9th June 2021
quotequote all
Surely just get a classic car policy which does?

55palfers

6,102 posts

179 months

Wednesday 9th June 2021
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

13,182 posts

134 months

Wednesday 9th June 2021
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

10,127 posts

190 months

Wednesday 9th June 2021
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

279 posts

165 months

Wednesday 9th June 2021
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_

6,034 posts

218 months

Wednesday 9th June 2021
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

13,751 posts

249 months

Wednesday 9th June 2021
quotequote all
I'm with classicline for one of mine and they keep my 15 year ncd going.

Abacus21

Original Poster:

161 posts

50 months

Wednesday 9th June 2021
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

3,067 posts

175 months

Wednesday 9th June 2021
quotequote all
Forgive me if I'm being thick here but why the almost obsessive need to maintain a minimal NCD ?

Abacus21

Original Poster:

161 posts

50 months

Thursday 10th June 2021
quotequote all
I have 14 years built up

davek_964

10,127 posts

190 months

Thursday 10th June 2021
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.