protected NCB question

dacouch

windscreen claims do not count with most companies

shelly

keith1950 wrote: »

Hi, isn't the question of whether or not to protect your NCD more to do with ensuring your next years premium is as low as possible. If you are protected and have an accident then your premium will not rise because of a reduction in NCD but will rise due to an increased risk. If you are not protected then the premium rises because of the increased risk and then rises even further because of a reduced NCD. The only downside is that you then need to stay with your current insurer because the protected NCD is not transferrable.

Excellent post, makes NCB protection easily understandable for those who don't know how it works.

But I disagree with the last sentence. Hubby has protected his full NCB for years now and we have rarely stayed with the same co 2 years running. Taking the full protected NCB to another co has never been questioned or been a problem.

keith1950

Hi Shelly, when you say 'moving your full NCD has never been a problem' , has the new insurer never questioned the fact that your renewal notice that you usually have to send as proof will quite often contain details of accidents during the last year?

lisyloo

If you are protected and have an accident then your premium will not rise because of a reduction in NCD but will rise due to an increased risk

Hi Keith,

I don't agree with the "will" in the last sentence,
I think "may" is the appropriate word.

I had an accident June 08 and my premium did not rise.
As I said above, I checked with zero claims and 1 fault claim.
I had full NCD protected.
Now my age, postcode, etc might have been factors.
But interesting (as I've said elsewhere) my bike insurance DID rise but I do not have it protected as I don't have enough years NCD.
I'm guessing that's the main factor but I didn't change my postcode, gender or age.

So I don't think you can say for definite that there is always a loading after an accident.
In fact I checked whether there would be an increase BEFORE making the claim which seems sensible to me as I wanted to compare ALL the coss of claiming with paying fopr it myself.

shelly

keith1950 wrote: »

Hi Shelly, when you say 'moving your full NCD has never been a problem' , has the new insurer never questioned the fact that your renewal notice that you usually have to send as proof will quite often contain details of accidents during the last year?

Hi Keith.

No need to question it because all claims are declared. There is only 1 they are bothered about from 2006 and 2 windscreen claims that they know about but aren't bothered about.

Every renewal time I phone around as well as use comparison sites. All details of the 3 claims are given over the phone correctly/entered on the comparison site correctly.
When the question about NCB is asked I either tell the cs person we have full NCB that is currently protected and we wish it to remain so or enter it onto the comparison site.
Then when the paperwork arrives from the co we have given our business to we check over the policy and make sure we have full NCB and its protected (as well as make sure everything else is correct)

We or rather I do this for 2 cars every year and its never been a problem.

keith1950

Hi Shelley, thanks for that, I had assumed that the new insurer would automatically take the claims into account and adjust premium accordingly, I will try it for myself when my current insurance runs out.

anniecave

keith1950 wrote: »

Hi Shelley, thanks for that, I had assumed that the new insurer would automatically take the claims into account and adjust premium accordingly, I will try it for myself when my current insurance runs out.

All insurers take your claims into account when considering the premium. Both existing insurer and any ones you get quotes from for new business.

But if you have protected NCB then your discount doesn't reduce if you have an accident, that's all.