Changing insurer - what happens to NCB?
Discussion
Hi all,
I have searched, and have also googled, and couldn't find anything that really gives me a definitive answer. I apologise in advancing for asking an insurance question, but would really appreciate the help!
I'm 24, and currently have 4 years NCB, with my current policy up for renewal late August. The policy covers a 3 year old 1.2 Clio, and was only £350 ish. I will shortly be buying a DC5, within a month or so most likely. I've obtained a very competitive quote from Bell, and my current insurer (Direct Line) doesn't cover DC5's, necessitating that I switch.
How best do I do this? I presumed that if I switched Bell would acknowledge 5 years accident free driving at the same point my current insurer would have, had I stayed with them. My brother thinks this is unlikely. Given my current policy is so cheap, and my current car is being sold to a family member living in the same house hold, I don't have a problem 'letting the insurance run' if this is possible, and don't require a refund of what's left of my policy (if that's even an option).
I do realise that my quote from Bell will be based on 4 years, not 5 years, but given I'm only 3 months of obtaining 5 years NCB, I'd hate to reinsure and, effectively, be set 9 months back from achieving 5 years NCB. Part of me thinks this may be somewhat a moot point, given that after one year of insuring the DC5, I'd be at 5 years anyway come renewal time, but it bothers me somewhat that they could lop 9 months of accident free driving off your NCB, effectively.
I do hope this makes sense, and would be very grateful for any help received.
Thanks.
I have searched, and have also googled, and couldn't find anything that really gives me a definitive answer. I apologise in advancing for asking an insurance question, but would really appreciate the help!
I'm 24, and currently have 4 years NCB, with my current policy up for renewal late August. The policy covers a 3 year old 1.2 Clio, and was only £350 ish. I will shortly be buying a DC5, within a month or so most likely. I've obtained a very competitive quote from Bell, and my current insurer (Direct Line) doesn't cover DC5's, necessitating that I switch.
How best do I do this? I presumed that if I switched Bell would acknowledge 5 years accident free driving at the same point my current insurer would have, had I stayed with them. My brother thinks this is unlikely. Given my current policy is so cheap, and my current car is being sold to a family member living in the same house hold, I don't have a problem 'letting the insurance run' if this is possible, and don't require a refund of what's left of my policy (if that's even an option).
I do realise that my quote from Bell will be based on 4 years, not 5 years, but given I'm only 3 months of obtaining 5 years NCB, I'd hate to reinsure and, effectively, be set 9 months back from achieving 5 years NCB. Part of me thinks this may be somewhat a moot point, given that after one year of insuring the DC5, I'd be at 5 years anyway come renewal time, but it bothers me somewhat that they could lop 9 months of accident free driving off your NCB, effectively.
I do hope this makes sense, and would be very grateful for any help received.
Thanks.
I think you will forfeit your 5th yr of NCB if you cancel the policy before it has run a year. Worth asking the new insurer if they will recognise it though.
When I bought a new car the insurance company agreed to recognise I had 3yr NCB and adjust the premium accordingly even though I could'nt apply the NCB to the policy as I still had my old car. Technically you cannot apply NCB to more than one car (on separate policys).
When I bought a new car the insurance company agreed to recognise I had 3yr NCB and adjust the premium accordingly even though I could'nt apply the NCB to the policy as I still had my old car. Technically you cannot apply NCB to more than one car (on separate policys).
E30 - do you mean that my new insurer might look at the dates and take into account that my NCB is due to increased by one year in a few months? This would be the ideal situation.
John - I'm inclined to agree, a phone call is probably best. Just hate dealing with them any more than I absolutely have to.
I realise the simplest solution is to wait a few months, but sometimes a car comes up that you can't really turn down..
John - I'm inclined to agree, a phone call is probably best. Just hate dealing with them any more than I absolutely have to.
I realise the simplest solution is to wait a few months, but sometimes a car comes up that you can't really turn down..
E30M3SE said:
Sorry, should have been more clear, you are normally credited with full years of NCB that you have earned
Thanks - better than ignoring them altogether, I guess! Looks like I'll be setting myself back 9 months, but hey ho, could be worse I suppose.
As always, thank you very much helpful piston people.
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