Car insurance post theft - what to do?

chelly78

Hi there,

Wonder if anyone can help? My brothers car was stolen a couple of weeks ago after the keys were taken from the house during a burglary :mad:.

He is now looking at a replacement car and we are wondering what to do about insurance. He had 4 years no claims discount with esure (65% discount) and after making the claim this will be reduced to 45% discount for the next premium. Does this mean that he now has no no-claims but that esure would still give him a discount if he remained their customer i.e. if he went to another company would he in effect have zero years no claims?

As I live with him we are also considering trading in my car when he gets a new car and then I could insure this (as I have 8 years no claims) and he could be a named driver. In the short term this would be cheaper - although we would only have one car - and stop him having to pay such a high premium.

If he had any no-claims discount left would this be a good idea or would it be better for him to just pay the higher premiums for the next few years until he gets back to where he was before discount wise?

Sorry if this is confusing!

hartcjhart

first thing is to get a quote from e-sure and perhaps a couple of others,

then when you know the costs you can make a better decision

BenL

After an "at fault" claim which is what a theft is classed as you step down 2 years unless the additional premium has been paid to protect the NCD.

So the 4 years that he had is now 2 years and you don't gain NCD for this term of the policy.

chelly78

Thanks BenL - sorry for sounding stupid but does this mean he will now have 2 years no claims and could use this with a different insurance company or would it only be with esure?

scheming_gypsy

when he gets his renewal document through it should show 2 years NCD and he'll have to send that to any other insurance company to show what NCD he has so it should be for any other company.

tbs624

chelly78 wrote: »

..As I live with him we are also considering trading in my car when he gets a new car and then I could insure this (as I have 8 years no claims) and he could be a named driver. In the short term this would be cheaper - although we would only have one car - and stop him having to pay such a high premium. !

You'd need to very careful that your arrangements couldn't be deemed to be "fronting" , ie seen as a form of fraud committed to try to gain a lower insurance rate. This is often the case when a car owned by a youngster is insured by the parent, with the parent listed as the main driver, when the reality is that it is the offspring who is the main driver.