At risk of loosing 1 year's NCB

[Z064life]

HI

Havubg cancelled my insurance 1 month before its renewal, I loose the year's NCB (leaving me with 4). That is a shame, and I am transferring NCB to another insurer where I'm the policy holder. While I can transfer it, is there anything I can do to at least get 5 (the year's worth) although the letter from my outgoing insurer says 4? I drove without any claims for 5 years and after cancelling the policy I got put on another car on the same day:


4 years 11 months driving no claims (4 years NCB)
Cancelled at 11 month as above and got put as a named driver on another car from that day till now (this policy is in use), so letter says policy still active as of date xyz


With this evidence, could I not do anything to salvage the year's NCB?



Thanks

[Magic919]

No. It's lose, not loose, BTW.

[Decky_Q]

Unfortunately nothing you can do, would probably have been cheaper to let the policy run for another month as it was probably already paid for anyway, you didnt complete the 12 months. You could try to call them up and agree to pay a month premium? Not in the rules at all but they may be dead on about it.

[DavidHM]

Get quotes on four years' NCB and five - the difference will be quite small - and see if the insurer will offer you an extra year as a discretionary introduction. You sound like quite a good risk so it may well be that they'll take you up on it. Only downside is that you might lose any cashback from a referrer such as Quidco or a comparison site.

[littleredrooster]

A lex said:

Pretty sure its a no-no to insure a car you no longer own.

No, it's just a no-no to try to claim for a car you don't own.

[calibrax]

A lex said:

OK, Im still under the impression that either through:

-Law
or
-Insurance T&Cs

that you are prohibited from insuring a car that you no longer own - apart from anything else its a massive change to the risk profile, which any insurer would want to know about.

For the insurance co, there's no risk if there's no claim. Any incident the car is involved in would have to be dealt with by the new owner's insurance.

However, the car would show up on ANPR and the MID database as being insured, even if the new owner hadn't insured it...

[DavidHM]

calibrax said:

A lex said:

OK, Im still under the impression that either through:

-Law
or
-Insurance T&Cs

that you are prohibited from insuring a car that you no longer own - apart from anything else its a massive change to the risk profile, which any insurer would want to know about.

For the insurance co, there's no risk if there's no claim. Any incident the car is involved in would have to be dealt with by the new owner's insurance.

However, the car would show up on ANPR and the MID database as being insured, even if the new owner hadn't insured it...

And the insurance company would still be on risk as RTA insurer... whoever the new insurer was. So there is some, small risk, albeit none arising from the original policyholder.

[Grey Ghost]

Magic919 said:

No. It's lose, not loose, BTW.

In before Cock Womble 7.....I'm impressed

[Z064life]

DavidHM said:

Get quotes on four years' NCB and five - the difference will be quite small - and see if the insurer will offer you an extra year as a discretionary introduction. You sound like quite a good risk so it may well be that they'll take you up on it. Only downside is that you might lose any cashback from a referrer such as Quidco or a comparison site.

I could try this. Any discussion I have with insurers, every 30 seconds they ask if they can sell me something rather than answering the question! The difference is small, though.