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how do i transfer a No Claims Bonus?

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fatboy2002
fatboy2002 Posts: 89 Forumite
in Motoring
Hi guys and girls,

A quick question , how do no claims bonus work?

I have built up a No Claims Bonus as a named driver with an insurance company, can I take that NCB to another insurance company?

If so, how? Do I just state how many years NCB I have? How do they confirm it? Otherwise that would be open to abuse right?

Thanks in advance
«1

Comments

  • mumofjusttwo
    mumofjusttwo Posts: 2,610 Forumite
    Part of the Furniture Combo Breaker
    Yes you can transfer it.

    It will ask you how many years NCB you have.

    When you receive your paper work they will ask for a copy of your last insurance with proof of your NCB. You just send that to your new insurance firm

    HTH
    January Grocery 11/374
  • maniac886
    maniac886 Posts: 3,599 Forumite
    fatboy2002 wrote: »
    Hi guys and girls,

    A quick question , how do no claims bonus work?

    I have built up a No Claims Bonus as a named driver with an insurance company, can I take that NCB to another insurance company?

    If so, how? Do I just state how many years NCB I have? How do they confirm it? Otherwise that would be open to abuse right?

    Thanks in advance

    Normally you have to send confirmation to your new insurers of your current no claims discount. When I renewed mine i sent off my renewal notice from my old company which stated how many years no claims I had.
    "He's a maniac, maniac that's for sure,
    He will kill your cat and nail him to the door" :eek:
    Murphys No More Pies Club Member #95
  • fatboy2002
    fatboy2002 Posts: 89 Forumite
    mumofjusttwo wrote: »
    Yes you can transfer it.

    It will ask you how many years NCB you have.

    When you receive your paper work they will ask for a copy of your last insurance with proof of your NCB. You just send that to your new insurance firm

    HTH


    thanks for the swift response, but my current insurance certificate doesnt state how many years no claims i have on there? is their another paper i should be looking for?
  • maniac886
    maniac886 Posts: 3,599 Forumite
    fatboy2002 wrote: »
    thanks for the swift response, but my current insurance certificate doesnt state how many years no claims i have on there? is their another paper i should be looking for?

    Have you had your renewal notice from your old company..is your NCD on that?
    "He's a maniac, maniac that's for sure,
    He will kill your cat and nail him to the door" :eek:
    Murphys No More Pies Club Member #95
  • mumofjusttwo
    mumofjusttwo Posts: 2,610 Forumite
    Part of the Furniture Combo Breaker
    It may be worth mentioning it to your new insurers. They may contact the old one or more likely ask you to contact the old insurers and ask for a letter of proof.
    January Grocery 11/374
  • fatboy2002
    fatboy2002 Posts: 89 Forumite
    maniac886 wrote: »
    Have you had your renewal notice from your old company..is your NCD on that?

    hi manic, i have yet to receive my renewal notice from my current insurers
  • fatboy2002
    fatboy2002 Posts: 89 Forumite
    maniac886 wrote: »
    Have you had your renewal notice from your old company..is your NCD on that?

    hi manic, i have yet to receive my renewal notice from my current insurers

    can i take out another new insurance policy with another insurer before i receive my renewal letter from my current insurer?
  • maniac886
    maniac886 Posts: 3,599 Forumite
    fatboy2002 wrote: »
    hi manic, i have yet to receive my renewal notice from my current insurers

    can i take out another new insurance policy with another insurer before i receive my renewal letter from my current insurer?

    Give your current insurers a ring first and ask them if the renewal has been sent out and if the renewal notices states how many NCD you currently have..to save you hassle down the line.
    "He's a maniac, maniac that's for sure,
    He will kill your cat and nail him to the door" :eek:
    Murphys No More Pies Club Member #95
  • fatboy2002
    fatboy2002 Posts: 89 Forumite
    mumofjusttwo wrote: »
    It may be worth mentioning it to your new insurers. They may contact the old one or more likely ask you to contact the old insurers and ask for a letter of proof.

    ok, i just had a look at my older previous renewal notices and its says on there, "premium with 5 years(maximum) No CLaims Bonus discount...£XXX.XX"

    my question is, 1)why is it only max 5 years that i am allowed?
    2) if o dont receive my renewal for this year, i will still have 5 years no claims, so i can use last years renewal notice to show to my new insurers proving 5 NCB, any thing wrong with that?

    thanks for the help BTW
  • fatboy2002
    fatboy2002 Posts: 89 Forumite
    maniac886 wrote: »
    Give your current insurers a ring first and ask them if the renewal has been sent out and if the renewal notices states how many NCD you currently have..to save you hassle down the line.


    my current insurer state that i need to pay £179, as a named driver(my son) is on the policy was on there as a spose, not as my son(not sure how they got that one wrong). Just checked my old policy and my sons name is mentioned on the policy as a named driver but not as a spouse or son( how was i suppose to know that they has him on as a spouse then?)

    they state that i need to pay the £179 before i can receive my renewal?

    is that normal?
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