We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Does anyone bother with no claims protection?
Options

Gooner71_2
Posts: 27 Forumite
More Than have come up with a good quote but its an extra £17 for "lifetime" no claims bonus protection.
I have >5yrs no claims - is it worth protecting or if I have an accident, should I just accept it and shop around for the bext quote next year?
Thanks for any advice...
I have >5yrs no claims - is it worth protecting or if I have an accident, should I just accept it and shop around for the bext quote next year?
Thanks for any advice...
0
Comments
-
I think it's a tricky one.
I think More than are quite good value for this, because the price is low and it's "lifetime".
It's difficult because if you had a few accidents then it would be worth it's weight in gold, but if you don't it's wasted money.
Bear in mind that if you have an accident (or serveral) that quotes elsewhere will be higher.
Personally I took it out but I think it was only £7 for me.
I probably would take it but I think it's a marginal decision.
It's not a yes or no answer I'm afraid.0 -
There's no doubt in my mind that you should definitely take it. Think of how much discount you're getting off your premium for those 5+ years of not claiming.
Now imagine if something happened to your car and you had to claim - your premium would probably shoot up by a couple of hundred pounds. Hard to just "accept", especially if it's preventable
I've protected my NCD for the past 3years - the way I see it is a small price to pay to protect myself from an even greater potential cost. I'd rather pay <£20 a year if it'll save me from a huge premium hike.
Even paying £17 a year over 10 years is probably going to be cheaper than what the rise in premium could be post-claim
Of course this is just my opinion, and ultimately the decision rests on your own attitude to risk. Hope that helps0 -
Interesting viewpoint but I have been driving since 1988 and had not made a claim until 2003 when someone damaged my car in a car park. As I did not witness the incident, the claim went against me.
I also claimed in September 2005 but was not at fault - the insurance company recouped the costs....
Despite these two claims, I still have 5 years no claims and my quote for 2006 was £275 (excluding legal cover or no claims protection which I eventually added.)
The fact I have claimed really seems to have made no difference to my quote once I shopped around...0 -
IMO it's worth it.
I've got 11 year's no claims. That's despite 2 non-fault claims in 2001 (on the same day - by the end the car was a write-off) and a fault claim in 2004 which never went through.
My insurance is £300 - without the no claims it'd be over £750.
Pay the £19 and be less anxious.
David0 -
Protected no claims worked for me. 3 accidents in 2 years 2 not my fault. I would not be without it. My daughter has had an accident last week and her insurance renewal next month has gone up by £250 per year.
LouiseNobody is perfect - not even me.0 -
I think it is worth it too. My husband would have lost his no claims if he hadn't of has protection.I’m a Forum Ambassador and I support the Forum Team on the Quick Grabbit, Freebies, Overseas Holidays & Travel Planning and the UK Holidays, Days Out & Entertainments boards.
If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
That's a great price imo, i'm 23 with 5 years no claims.
To protect mine it costs £150+ per year!!I would have used my own initiative if someone would have told me to!0 -
Of course it's dependent on your continuing eligibility to be insured with that company. Also, you have to remember that next year More Than might not be the cheapest.#145 Save £12k in 2016 Challenge: £12,062.62/£12,000.00 Beginning Balance: £5,027.78 CHALLENGE MET
#060 Save £12k in 2017 Challenge: £11,03.70/£12,000.00 Beginning Balance: £12,976.79 Shortfall: £996.30:eek:
This is the secret message.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards