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  • FIRST POST
    • mickym
    • By mickym 10th Oct 17, 6:23 PM
    • 358Posts
    • 69Thanks
    mickym
    No Claims Discount caps... 5 / 9 / 20 years
    • #1
    • 10th Oct 17, 6:23 PM
    No Claims Discount caps... 5 / 9 / 20 years 10th Oct 17 at 6:23 PM
    I have built up a no claims discount of 17 years with Admiral. Unfortunately they can't come close the lowest price for new insurance with a new car I have bought.

    Upon applying for insurance with other insurers it seems they will only give me a maximum of 5 or 9 years no claims discount at the end of their policy.

    What's the correct situation with NCD now? Has it been standardised recently to a lower cap?

    If I do go with a new insurer that will only give me a max of 5 / 9 years at the end of their policy, could I use my evidence of 17 years from admiral to be able to claim 18 years next year?

    Thank you
Page 1
    • Norman Castle
    • By Norman Castle 10th Oct 17, 6:57 PM
    • 6,391 Posts
    • 5,162 Thanks
    Norman Castle
    • #2
    • 10th Oct 17, 6:57 PM
    • #2
    • 10th Oct 17, 6:57 PM
    I've been advised you can use proof from various sources although it is up to individual insurers what they will accept.

    Most insurers only seem to recognise between five and nine years so proof beyond this is irrelevant to the price although I think insurers should state claim free years not the X amount of years which they consider relevant.
    Don't harass a hippie. You'll get bad karma.
    • dunstonh
    • By dunstonh 10th Oct 17, 7:28 PM
    • 89,873 Posts
    • 56,546 Thanks
    dunstonh
    • #3
    • 10th Oct 17, 7:28 PM
    • #3
    • 10th Oct 17, 7:28 PM
    What's the correct situation with NCD now? Has it been standardised recently to a lower cap?
    It varies with companies. Also, a higher NCD does not mean lower prices.

    If I do go with a new insurer that will only give me a max of 5 / 9 years at the end of their policy, could I use my evidence of 17 years from admiral to be able to claim 18 years next year?
    Yes you can providing you have the evidence.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • forgotmyname
    • By forgotmyname 10th Oct 17, 7:33 PM
    • 26,214 Posts
    • 10,469 Thanks
    forgotmyname
    • #4
    • 10th Oct 17, 7:33 PM
    • #4
    • 10th Oct 17, 7:33 PM
    If you started 9 years no claims with your current insurer and stay with them for 5 years but the renewal still says 9 years, you can contact them and ask for the proof of the real number of years of no claims.

    But over 9 then i doubt any insurer will be any cheaper by having more.
    Punctuation, Spelling and Grammar will be used sparingly. Due to rising costs of inflation.

    My contribution to MSE. Other contributions will only be used if they cost me nothing.

    Due to me being a tight git.
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