Have I been overusing my NCB all these years??
Discussion
Its something I always wondered about but having had 3-4 cars at a time for many years I always insured them and used my full NCB for each one. However, a bit of Covid investigation reveals that I probably shouldn't/can't use my NCB on any more than one car! And yet with so many people (relatively) having multiple cars, do they all just use their NCB on one? In the past 20 years i only used my insurance for damage twice and no-one said anything to me.
Not sure how you managed this. There is a motor insurers database and the insurance company would have been aware. However, they'd have taken your premium, and a claim would have been awkward...
I have multiple cars, but 1 of them is usually on a 'classic' policy where no NCD is required.
I have multiple cars, but 1 of them is usually on a 'classic' policy where no NCD is required.
Single policy NCB, in my experience, is meaningless anyway.
I bought a new motor just over twelve months ago, and transferred my insurance over, including my NCB.
I was keeping the old car for shed purposes for a bit, so took out a new policy, with zero no claims bonus. There was twenty quid difference between the last renewal with 9+ years NCB, and the new policy with zero.
I bought a new motor just over twelve months ago, and transferred my insurance over, including my NCB.
I was keeping the old car for shed purposes for a bit, so took out a new policy, with zero no claims bonus. There was twenty quid difference between the last renewal with 9+ years NCB, and the new policy with zero.
Undirection said:
Its something I always wondered about but having had 3-4 cars at a time for many years I always insured them and used my full NCB for each one. However, a bit of Covid investigation reveals that I probably shouldn't/can't use my NCB on any more than one car! And yet with so many people (relatively) having multiple cars, do they all just use their NCB on one? In the past 20 years i only used my insurance for damage twice and no-one said anything to me.
Each car if separately insured will have built up its no claims for you as the policy holder over the years. So if you have 7 years claim free history on each car then having the full ncb on each is ok. You may have gone about it in a dubious way, but I don't see that mattering now.Bert
gazza285 said:
Single policy NCB, in my experience, is meaningless anyway.
I bought a new motor just over twelve months ago, and transferred my insurance over, including my NCB.
I was keeping the old car for shed purposes for a bit, so took out a new policy, with zero no claims bonus. There was twenty quid difference between the last renewal with 9+ years NCB, and the new policy with zero.
That just means that you're a low risk customer with a low premium anywayI bought a new motor just over twelve months ago, and transferred my insurance over, including my NCB.
I was keeping the old car for shed purposes for a bit, so took out a new policy, with zero no claims bonus. There was twenty quid difference between the last renewal with 9+ years NCB, and the new policy with zero.
gazza285 said:
Single policy NCB, in my experience, is meaningless anyway.
I bought a new motor just over twelve months ago, and transferred my insurance over, including my NCB.
I was keeping the old car for shed purposes for a bit, so took out a new policy, with zero no claims bonus. There was twenty quid difference between the last renewal with 9+ years NCB, and the new policy with zero.
One of my insurers said to me (I have 4 cars) that he'd just take that into consideration when he quoted and it was the same as my other Megane despite technically not having any NCB. I bought a new motor just over twelve months ago, and transferred my insurance over, including my NCB.
I was keeping the old car for shed purposes for a bit, so took out a new policy, with zero no claims bonus. There was twenty quid difference between the last renewal with 9+ years NCB, and the new policy with zero.
BertBert said:
Undirection said:
Its something I always wondered about but having had 3-4 cars at a time for many years I always insured them and used my full NCB for each one. However, a bit of Covid investigation reveals that I probably shouldn't/can't use my NCB on any more than one car! And yet with so many people (relatively) having multiple cars, do they all just use their NCB on one? In the past 20 years i only used my insurance for damage twice and no-one said anything to me.
Each car if separately insured will have built up its no claims for you as the policy holder over the years. So if you have 7 years claim free history on each car then having the full ncb on each is ok. You may have gone about it in a dubious way, but I don't see that mattering now.Bert
This is one of the things about insurance that really gets my goat.
With more than one car have to earn the NCD for each vehicle but with no other drivers on the policies only one car can be on the highway at any one time.. Ok so maybe riskd of other cars could catch fire or be stolen from garage whilst its not being driven but in 40 years its not happened so far. So the extra risk is only for the fire and theft but insurance demand that I pay full comprehensive premium for each additional car starting with zero no claims discount.
Don't think that's fair and if I have an accident I loose the NCD on all policies- i.e.its the insurance is assessed on the driver not the car. (Never had an accident so if this is not the case would be pleased to hear it)
Tried multi car policies, classic policies etc but not vet been able to get three cars covered which between them only do about 10k miles p.a.
Can also prove NCD for 2 of the vehicles for 15years but havn't yet found a policy that shows this once it goes past 9 years(just says 9+years). Send all renewal documents to one insurance co but would still only allow 10years. OK makes very little difference to premium apart from if you have an accident whicn may reduce no claims from say 9 to 7 years and thus a higher premium. If was on 15 years would roll back to 13 years- no doubt will still clobbered for having an accident in previous 12months.
IMO could do with a new company in the market who would shake it up- no doubt others have ideas of inequalities in favour of the insurance companies
With more than one car have to earn the NCD for each vehicle but with no other drivers on the policies only one car can be on the highway at any one time.. Ok so maybe riskd of other cars could catch fire or be stolen from garage whilst its not being driven but in 40 years its not happened so far. So the extra risk is only for the fire and theft but insurance demand that I pay full comprehensive premium for each additional car starting with zero no claims discount.
Don't think that's fair and if I have an accident I loose the NCD on all policies- i.e.its the insurance is assessed on the driver not the car. (Never had an accident so if this is not the case would be pleased to hear it)
Tried multi car policies, classic policies etc but not vet been able to get three cars covered which between them only do about 10k miles p.a.
Can also prove NCD for 2 of the vehicles for 15years but havn't yet found a policy that shows this once it goes past 9 years(just says 9+years). Send all renewal documents to one insurance co but would still only allow 10years. OK makes very little difference to premium apart from if you have an accident whicn may reduce no claims from say 9 to 7 years and thus a higher premium. If was on 15 years would roll back to 13 years- no doubt will still clobbered for having an accident in previous 12months.
IMO could do with a new company in the market who would shake it up- no doubt others have ideas of inequalities in favour of the insurance companies
Edited by twokcc on Thursday 14th May 18:43
twokcc said:
This is one of the things about insurance that really gets my goat.
With more than one car have to earn the NCD for each vehicle but with no other drivers on the policies only one car can be on the highway at any one time.. Ok so maybe riskd of other cars could catch fire or be stolen from garage whilst its not being driven but in 40 years its not happened so far. So the extra risk is only for the fire and theft but insurance demand that I pay full comprehensive premium for each additional car starting with zero no claims discount.
Don't think that's fair and if I have an accident I loose the NCD on all policies- i.e.its the insurance is assessed on the driver not the car. (Never had an accident so if this is not the case would be pleased to hear it)
Tried multi car policies, classic policies etc but not vet been able to get three cars covered which between them only do about 10k miles p.a.
Can also prove NCD for 2 of the vehicles for 15years but havn't yet found a policy that shows this once it goes past 9 years(just says 9+years). Send all renewal documents to one insurance co but would still only allow 10years. OK makes very little difference to premium apart from if you have an accident whicn may reduce no claims from say 9 to 7 years and thus a higher premium. If was on 15 years would roll back to 13 years- no doubt will still clobbered for having an accident in previous 12months.
IMO could do with a new company in the market who would shake it up- no doubt others have ideas of inequalities in favour of the insurance companies
wouldn't get too worked up. NCB isn't the main factor after a handful of years. one of my insurers declares their NCB rates, and it actually bottoms out at yr 13 and then rises slightly!.... typo i would think, but it's there by a small margin.With more than one car have to earn the NCD for each vehicle but with no other drivers on the policies only one car can be on the highway at any one time.. Ok so maybe riskd of other cars could catch fire or be stolen from garage whilst its not being driven but in 40 years its not happened so far. So the extra risk is only for the fire and theft but insurance demand that I pay full comprehensive premium for each additional car starting with zero no claims discount.
Don't think that's fair and if I have an accident I loose the NCD on all policies- i.e.its the insurance is assessed on the driver not the car. (Never had an accident so if this is not the case would be pleased to hear it)
Tried multi car policies, classic policies etc but not vet been able to get three cars covered which between them only do about 10k miles p.a.
Can also prove NCD for 2 of the vehicles for 15years but havn't yet found a policy that shows this once it goes past 9 years(just says 9+years). Send all renewal documents to one insurance co but would still only allow 10years. OK makes very little difference to premium apart from if you have an accident whicn may reduce no claims from say 9 to 7 years and thus a higher premium. If was on 15 years would roll back to 13 years- no doubt will still clobbered for having an accident in previous 12months.
IMO could do with a new company in the market who would shake it up- no doubt others have ideas of inequalities in favour of the insurance companies
Edited by twokcc on Thursday 14th May 18:43
most insurers will mirror or discount for a new car, if not you must be high risk. my favoured insurer simply mirrored and i got 15 years for a new car, which i could use next year to switch legally. but after a couple of years it's not the big deal you might think it is.
Dunno what companies people here are with, but I've got 5 vehicles on a multicar policy, all with NCD. If it's technically insurance fraud as a previous poster suggested, I'd be surprised given that it's at the insurance co's suggestion, not mine. The NCD has gradually increased over the length of time I've owned each vehicle. I'm with A Plan now, previously Pace Ward.
twokcc said:
Don't think that's fair and if I have an accident I loose the NCD on all policies- i.e.its the insurance is assessed on the driver not the car.
Just not true. You only lose the bonus on the policy you claimed on. If you have multiple cars on the one policy with each having their own bonus you've built up, you only lose the bonus on the one car.And it's lose, not loose.
TwigtheWonderkid said:
twokcc said:
Don't think that's fair and if I have an accident I loose the NCD on all policies- i.e.its the insurance is assessed on the driver not the car.
Just not true. You only lose the bonus on the policy you claimed on. If you have multiple cars on the one policy with each having their own bonus you've built up, you only lose the bonus on the one car.And it's lose, not loose.
TwigtheWonderkid said:
Just not true. You only lose the bonus on the policy you claimed on. If you have multiple cars on the one policy with each having their own bonus you've built up, you only lose the bonus on the one car.
Well I did say". (Never had an accident so if this is not the case would be pleased to hear it) "
Hope you are correct but from memory think the question asked on the insurance declaration is something like -Have you made a claim in last 5 years which could be ambiguous as the form is for a specific car
One of the policies is due for renewal before the end of the month so will ask insurance company what happens to no claims if I have an accident in one of my other cars and make a claim on the other car,s policy
Partly based my assumption on what happened when I got 3 points on licence all companies increased premium so finished up costing about £100 rather than £30 ish.
Edit
As Mr Tidy says if its declared (which would have to be done for policy to be valid) insurance company just increase the premiums so cost based on my driving record -which differs to risk assessment if an additional car quoted which starts on basis that the policy is new and will start with no NCD. Although accepting that some brokers/insurance company will mirror existing NCD
Edited by twokcc on Thursday 14th May 23:31
Insurance for vehicles is an oddity. You don't have to take out personal insurance for anything else in life really - travel, home, life etc. However, if you want to drive a vehicle on the public road you must have it for various reasons that are obvious. I have always thought that the industry does not work well despite their complex algorithms and risk assessments. For example, I have never had to make a claim until recently when during the storms earlier in the year a ridge tile blew off my house and caused quite a bit of damage to one of my cars. Firstly, they wanted to use their own crappy repairer, gave me incorrect information about my rights, then the end result is that I have a fault claim that goes against me for all of my cars. I understand that in some countries they have a separate category for storm type damage etc. I wasn't even in the area let alone the car when it happened FFS. So, despite me having 5 available maximum NCDs (I understand this doesn't protect my premium, but still), every one of those vehicle policies will be affected by this and have been now it's come to renewal.
I know there used to be a certain person in insurance that frequented these fora, who may or may not be still around, but I would say to you that your industry takes the piss out of your best customers.
I know there used to be a certain person in insurance that frequented these fora, who may or may not be still around, but I would say to you that your industry takes the piss out of your best customers.
Could you have not claimed off your house buildings insurance for the damage? It's what 3rd party cover is for. If the tiles had hit and injured somebody rather than a car, the claim would have been made on house insurance.
If you have a mortgage, home insurance is compulsory, for the lenders benefit. Also, some holidays have compulsory travel insurance, coach holidays for example, especially if they go to Europe.
If you have a mortgage, home insurance is compulsory, for the lenders benefit. Also, some holidays have compulsory travel insurance, coach holidays for example, especially if they go to Europe.
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