Insuring car in my name, then going to named driver, then ba

[Z064life]

Hi,

Full title should be: Insuring car in my name, then going to named driver, then back to my name - with same insurer.

I am insured on a car in my name, but next year when the renewal comes, I will probably give the car to my brother to put in his name/insure in his name etc, as for my circumstances (Work commute etc) I don't drive a lot.

So that brings the question: This insurance year, I'll acrrue 1 additional year's NCB (6 years). If I become a named driver on that car and accrue 1 year's named driver NCB (2013-14 therefore 7 years), could I get my own car and insure with 7 year's NCB (I'm aware this will have to be with the same insurer....Elephant in this case)

Can anyone comment?


Thanks

[R60EST]

I may be wrong but I think insurers consider 5 years as maximum no claims, no further discount offered in year 6 and onwards

[Z064life]

My dad said exactly the same thing but then in recent years I've noticed it goes up to 9 and even 13 years and you get some additional discount for getting that much. I thought 5 years too.

[rash_decision]

Z064life said:

Hi,

Full title should be: Insuring car in my name, then going to named driver, then back to my name - with same insurer.

I am insured on a car in my name, but next year when the renewal comes, I will probably give the car to my brother to put in his name/insure in his name etc, as for my circumstances (Work commute etc) I don't drive a lot.

So that brings the question: This insurance year, I'll acrrue 1 additional year's NCB (6 years). If I become a named driver on that car and accrue 1 year's named driver NCB (2013-14 therefore 7 years), could I get my own car and insure with 7 year's NCB (I'm aware this will have to be with the same insurer....Elephant in this case)

Can anyone comment?


Thanks

Basically what you are asking is how long can you retain your no claims bonus/discount without having an insurance policy in your name, I think!?

I was told recently that after 2 years you lose it. So, if you have a 1 year break from holding an insurance policy, then the following year you can legally tell your new insurer, whoever it may be (doesn't have to be the same one) that you have x ammount of years NCB.

Simples, Lol.

[R60EST]

My wife had 9 yrs NCB until she had to claim for a very minor bump due to sliding on black ice. The insurer said she would lose 2 years NCB as a result . On renewal they had her down for 3 yrs NCB , stating that 5 yrs is the maximum discount.

[Z064life]

I'm not asking about maximum time NCB is valid for (although elephant doesn't state on their website, which is stupid), but rather, if I go from being a policy holder and accrue say 1 yrs NCB, and then to a named driver (and accrue 1 yrs as that), can I get my own policy and claim 2 yrs additioanl earnt NCB? (Assume yes if I get certificate of NCB proof as a named driver, which Direct Line did for me in the past).

[xRIEx]

All the below is general info, different companies may have special features (and associated validity rules) for NCB:

Only the policyholder earns no claims bonus; as a named driver you will earn no extra bonus, so you will have 6 years NCB when you take out a policy again.

As stated above, NCB is valid for 2 years after the termination of the policy.

Maximum NCB varies by company, including in terms of discount they offer. They should be able to give written confirmation of actual NCB when you go to a different company, whether or not their pricing structure recognises the extra. However, if you have an accident then they will drop your NCB by two years from their maximum.

[veevee]

Z064life said:

I'm not asking about maximum time NCB is valid for (although elephant doesn't state on their website, which is stupid), but rather, if I go from being a policy holder and accrue say 1 yrs NCB, and then to a named driver (and accrue 1 yrs as that), can I get my own policy and claim 2 yrs additioanl earnt NCB? (Assume yes if I get certificate of NCB proof as a named driver, which Direct Line did for me in the past).

I think the point that people are making, is that if you already have 5+ years, it'll make no difference anyway, as this is the insurers will take into consideration.

[ZOLLAR]

You can't add named drivers NCB and policyholders NCB together.
Technically you'll have 6 years NCB and 1 year named drivers NCB (which can only be used with the insurer the policy was with)

5 years is generally the recognised maximum for claims purposes and a few other reasons, sometimes you may see an additional discount for having over 5 years but it's not common.

Edited by ZOLLAR on Sunday 20th May 20:29