Insurance NCB.. Do I have this right?
Discussion
Good evening folks, long time reader, first time poster here.
After a great(wet) day at silverstone I have finally been inspired to get a 'proper' car for the UK, however I'm a little concerned about my insurance NCB, and I'm trying to make sure that I'm understanding things correctly, having gone to a number of sources already.
Simply put, I Had 2 years NCB from a policy that expired Dec 2010, that I earned on a Fiat Grande Punto. I have been in the US for a year so I have not had an active main driver policy in the UK since then.
Now I want to buy a new car(later this summer), which will be the only car I am insured on as a main driver. Am I correct in understanding I have 2 years grace period before my NCB expires, and therefore I should be fine to use my 2 years NCB on any new car, on my new main driver policy this summer?
I understand 2 years NCB is fairly small but as a young driver it makes a big difference, thanks.
edit: Not sure how this ended up in this forum either, mods please move where appropriate, thanks.
After a great(wet) day at silverstone I have finally been inspired to get a 'proper' car for the UK, however I'm a little concerned about my insurance NCB, and I'm trying to make sure that I'm understanding things correctly, having gone to a number of sources already.
Simply put, I Had 2 years NCB from a policy that expired Dec 2010, that I earned on a Fiat Grande Punto. I have been in the US for a year so I have not had an active main driver policy in the UK since then.
Now I want to buy a new car(later this summer), which will be the only car I am insured on as a main driver. Am I correct in understanding I have 2 years grace period before my NCB expires, and therefore I should be fine to use my 2 years NCB on any new car, on my new main driver policy this summer?
I understand 2 years NCB is fairly small but as a young driver it makes a big difference, thanks.
edit: Not sure how this ended up in this forum either, mods please move where appropriate, thanks.
Edited by FisiP1 on Saturday 9th July 00:38
If your two years equates to 20% or thereabouts , you may get a similar discount as an introductory discount anyway .
The best advice is , once you've decided on your new car , shop around for the best deal - do phone the various companies and speak to real people rather than doing it online where there is little or no discretion . Some of the smaller , more specialist , companies might be more likely to offer you a deal than the larger , faceless , ones . Try as many as you can .
As well as your previous UK NCD , be sure to mention your additional year's driving experience in the US - and if you can show additional proof of NCD from over there , some may honour it and give you three years , others may not - there is nothing to lose just by asking and you just might get lucky !
The best advice is , once you've decided on your new car , shop around for the best deal - do phone the various companies and speak to real people rather than doing it online where there is little or no discretion . Some of the smaller , more specialist , companies might be more likely to offer you a deal than the larger , faceless , ones . Try as many as you can .
As well as your previous UK NCD , be sure to mention your additional year's driving experience in the US - and if you can show additional proof of NCD from over there , some may honour it and give you three years , others may not - there is nothing to lose just by asking and you just might get lucky !
NCB doesn't have a single set of rules - every insurer seems to have their own view on how it works/is awarded/expires etc. etc.
Last time I was uninsured I was told I'd lose 2 years/year - so if I had 5 years and didn't insure for a whole year I'd only have 3 - and then 1 - and then none.
Previously I'd been told it was 18months/year tho - I really do think they make this stuff up as they go along.
As someone has already said, you may find an 'introductory' policy cheaper anyway - although beware price-rises in year 2 going that route.
Last time I was uninsured I was told I'd lose 2 years/year - so if I had 5 years and didn't insure for a whole year I'd only have 3 - and then 1 - and then none.
Previously I'd been told it was 18months/year tho - I really do think they make this stuff up as they go along.
As someone has already said, you may find an 'introductory' policy cheaper anyway - although beware price-rises in year 2 going that route.
Cheers guys,
I have got my NCB acceptance in order, just need to find the right UK car now.
Got my eye on 2 things, Cayman 2.7/2.9(1st choice), and E92 330/335i.
Insurance for my top choice is really pushing the limits, and only admiral group will touch me for it(flux weighed in at a chuckling 8 grand, and henderson taylor told me to get lost being under 25), little worried about the renewal next year should the same be true because the lowest from anyone else I have been quoted is the best part of 3.5k(I'd pay it if i had no choice, but still..). Admiral groups factory options policy is also worrying given the vast majority of caymans have a good few options.
Otherwise I'm blown away by how relatively cheaply I can get insured for the 330/335 given their performance.
I have got my NCB acceptance in order, just need to find the right UK car now.
Got my eye on 2 things, Cayman 2.7/2.9(1st choice), and E92 330/335i.
Insurance for my top choice is really pushing the limits, and only admiral group will touch me for it(flux weighed in at a chuckling 8 grand, and henderson taylor told me to get lost being under 25), little worried about the renewal next year should the same be true because the lowest from anyone else I have been quoted is the best part of 3.5k(I'd pay it if i had no choice, but still..). Admiral groups factory options policy is also worrying given the vast majority of caymans have a good few options.
Otherwise I'm blown away by how relatively cheaply I can get insured for the 330/335 given their performance.
Edited by FisiP1 on Monday 18th July 04:48
johnpeat said:
NCB doesn't have a single set of rules - every insurer seems to have their own view on how it works/is awarded/expires etc. etc.
Last time I was uninsured I was told I'd lose 2 years/year - so if I had 5 years and didn't insure for a whole year I'd only have 3 - and then 1 - and then none.
Previously I'd been told it was 18months/year tho - I really do think they make this stuff up as they go along.
As someone has already said, you may find an 'introductory' policy cheaper anyway - although beware price-rises in year 2 going that route.
My NCB grace peroid ended in January this year and when I enquired with my insurance company the other day about starting again I was told that I had lost the full amount (9 years). The annoying part is that I have been driving the whole time, just in Germany. When I came to Germany, I was able to transfer my NCB so started with a good discount but the goodwill doesn't seen to work when going back.Last time I was uninsured I was told I'd lose 2 years/year - so if I had 5 years and didn't insure for a whole year I'd only have 3 - and then 1 - and then none.
Previously I'd been told it was 18months/year tho - I really do think they make this stuff up as they go along.
As someone has already said, you may find an 'introductory' policy cheaper anyway - although beware price-rises in year 2 going that route.
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