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  • FIRST POST
    • Kitsi
    • By Kitsi 13th Sep 17, 11:49 AM
    • 42Posts
    • 4Thanks
    Kitsi
    Worth protecting 14 years NCB?
    • #1
    • 13th Sep 17, 11:49 AM
    Worth protecting 14 years NCB? 13th Sep 17 at 11:49 AM
    Hi there,

    I took out a new car insurance policy yesterday with Direct Line. I have 14 years NCB which I have always protected despite not making any claims in years. I've noticed that when comparing insurance many companies cap NCB at 5 or 9 years. I asked the guy on the phone why this was and he replied 'some people have 40 yrs NCB so we'd practically be insuring them for nothing'.

    With this in mind is there actually any point in protecting my NCB and trying to build it up as anything above 9 years doesn't count for anything?

    I paid about £28 yesterday to protect my NCB but I will ask for a refund if its not going to be worth my while.
Page 1
    • warehouse
    • By warehouse 13th Sep 17, 11:52 AM
    • 3,012 Posts
    • 5,643 Thanks
    warehouse
    • #2
    • 13th Sep 17, 11:52 AM
    • #2
    • 13th Sep 17, 11:52 AM
    Try inputting an insurance quote with zero NCB and see the difference.

    For £28 it's worth it.
    Pants
    • unforeseen
    • By unforeseen 13th Sep 17, 12:17 PM
    • 1,866 Posts
    • 2,355 Thanks
    unforeseen
    • #3
    • 13th Sep 17, 12:17 PM
    • #3
    • 13th Sep 17, 12:17 PM
    Just to be pedantic, you don't have 14 years of NCB. You have 14 years of no claims. Subtle difference.

    As far as an insurance company is concerned, in the event of an attributable claim your NCB will drop from their maximum which is normally 9 years or thereabouts. So any claim will drop your NCB to 6 or 7 years
    • paddyandstumpy
    • By paddyandstumpy 13th Sep 17, 12:22 PM
    • 897 Posts
    • 397 Thanks
    paddyandstumpy
    • #4
    • 13th Sep 17, 12:22 PM
    • #4
    • 13th Sep 17, 12:22 PM
    Just to be pedantic, you don't have 14 years of NCB. You have 14 years of no claims. Subtle difference.

    As far as an insurance company is concerned, in the event of an attributable claim your NCB will drop from their maximum which is normally 9 years or thereabouts. So any claim will drop your NCB to 6 or 7 years
    Originally posted by unforeseen
    Just to be even more pedantic (and correct); when you have more than 5 years NCB you'll still drop to 3 years when you have a fault claim.
    • Quentin
    • By Quentin 13th Sep 17, 12:24 PM
    • 33,260 Posts
    • 17,197 Thanks
    Quentin
    • #5
    • 13th Sep 17, 12:24 PM
    • #5
    • 13th Sep 17, 12:24 PM
    Often you will find that when you have a claim (with unprotected NCD), 2 years is deducted from a maximum of 5 - irrespective of how many years NCD you had at the start of the policy.


    So if you had, say, 10 years at the start, you only have 3 after a claim to use a renewal
    • Aretnap
    • By Aretnap 13th Sep 17, 2:17 PM
    • 2,820 Posts
    • 2,315 Thanks
    Aretnap
    • #6
    • 13th Sep 17, 2:17 PM
    • #6
    • 13th Sep 17, 2:17 PM
    Just to be even more pedantic (and correct); when you have more than 5 years NCB you'll still drop to 3 years when you have a fault claim.
    Originally posted by paddyandstumpy
    To be super-pedantic it depends on the insurer; as a counter-example AXA will leave you with 4 years if you make a claim having had 6+ years. (Linky - page 13)

    But yes with the majority of insurers you will not have more than 3 years left after a claim, however many you started with.
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