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Car insurance - uninsured driver promise
mtennant
Posts: 13 Forumite
I have had a renewal quote from Prudential for a new Honda Jazz for £160. I can get similar cover with Esure and get cashback for £90. However Prudential has this new clause. It basically says that if you make a claim for an accident which is not your fault, and the driver of the car which hits you is uninsured, you will not lose your No Claims bonus or have to pay any excess.
There are a lot of boy racers around my district, driving old cars.
Is it worth paying extra for thiscover ? Are other insurers also offering similar deals? Anyone had any experience of this?
There are a lot of boy racers around my district, driving old cars.
Is it worth paying extra for thiscover ? Are other insurers also offering similar deals? Anyone had any experience of this?
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Comments
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The statement that you won't lose your NCB is a bit of a red herring; You won't lose your NCB if you stay with Prudential, but if you decide to move at the next renewal, the claim will be in your certified experience and so you will lose some or all of your NCB in the eyes of the new insurer.
Not having to pay the excess is obviously useful if you're involved in a non-fault incident with an uninsured driver, but I'd be asking myself exactly how likely that is? Remember, a non-fault incident with anyone that is insured should result in a refund of your excess, and any incident where you or nobody or an unknown third party is to blame will result in a non-returnable excess payment.
I don't know for sure, but I'd imagine for the 'no excess' clause to kick in, you'd have to be able to prove the responsible party was driving with no insurance, rather than just assuming so (if, for example, they failed to stop)?0 -
financial_illiterate wrote: »The statement that you won't lose your NCB is a bit of a red herring; You won't lose your NCB if you stay with Prudential, but if you decide to move at the next renewal, the claim will be in your certified experience and so you will lose some or all of your NCB in the eyes of the new insurer.
This is incorrect advice.
At the end of each insurance year your renewal notice shows your NCD entitlement.
In the example being discussed, were you to have a no fault incident (involving an uninsured driver) and make a claim off Pru, then your NCD would be shown on the renewal notice as being increased by one year. (As stated in the OP)
You could then renew or go elsewhere. Your NCD entitlement as shown (ie including the extra year earned) would be accepted by any insurer.0 -
This is incorrect advice.
At the end of each insurance year your renewal notice shows your NCD entitlement.
In the example being discussed, were you to have a no fault incident (involving an uninsured driver) and make a claim off Pru, then your NCD would be shown on the renewal notice as being increased by one year. (As stated in the OP)
You could then renew or go elsewhere. Your NCD entitlement as shown (ie including the extra year earned) would be accepted by any insurer.
Really? So although your claims experience shows an 'adverse' claim (i.e. one where the insurer has suffered an outlay and not recovered it), a prospective new insurer would overlook that and treat it as a claim free year because of what, in my eyes, is a Prudential marketing ploy, similar to 'NCD for life' or named driver NCD which other insurer's offer.
I'm genuinely surprised by that!0 -
A new insurer would know about the incident (as you would declare it), and would include it in its decision on what premium to charge.
But the NCD is a separate issue, and (as previously posted), any insurer would accept whatever NCD you were entitled to (as evidenced by your renewal notice, as usual).0 -
But the NCD is a separate issue, and (as previously posted), any insurer would accept whatever NCD you were entitled to (as evidenced by your renewal notice, as usual).
In this respect it's entirely up to the insurer whether or not they apply a no claims discount and how much that discount is.
(y)0 -
The way the UK deals with car insurance is dated & ineffective.In the UK there is no way of identifying if a driver has car insurance when exchanging details.In some cases the other driver will be uninsured.
If you agree then please support me in this campaign to Gordon Brown (Prime Minister) to update the UK Car Insurance system to the 21st century adding additional security for insured drivers if they are ever hit by an uninsured driver.
You can show your support and vote by Contacting me / PMing me and I will send you the web link to the petition lodged on the Number 10 petitions website to pressure the government into acting now. I really would appreciate your support.0 -
Is it for a W.I.D by any chance as this would probably not be practical in the UK0
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WID?
The proposal is
In the UK there is no way of identifying if a driver has car insurance when exchanging details.In some cases the other driver will be uninsured. I propose that we introduce the introduction of proof of car insurance in the UK by enforcing (by Law) the display of a car insurance disc in the windscreen of every vehicle showing the expiry date for insurance and the names of the drivers who are insured.I also propose to make it law to carry a booklet of detachable car insurance slips in your vehicle to exchange in the event of an accident.If the other driver is unable to provide this information then it will allow innocent law abiding drivers like myself to identify the driver is uninsured.At this point we can contact the police at the scene of the accident and prosecute the driver.This will also deter uninsured drivers.
If you agree then please support the petition on the number 10 website for Gordon Browns attention!0 -
So it is a W.I.D aka Windscreen Insurance Disc as used in the channel Islands. The government and Insurance industry have already looked at this and decided it was not practical for the UK market.
If you buy a car at the weekend you cannot drive it until the W.I.D comes through the post which can take quite a while0 -
millionaireblog wrote: »WID?
The proposal is
In the UK there is no way of identifying if a driver has car insurance when exchanging details.In some cases the other driver will be uninsured. I propose that we introduce the introduction of proof of car insurance in the UK by enforcing (by Law) the display of a car insurance disc in the windscreen of every vehicle showing the expiry date for insurance and the names of the drivers who are insured.I also propose to make it law to carry a booklet of detachable car insurance slips in your vehicle to exchange in the event of an accident.If the other driver is unable to provide this information then it will allow innocent law abiding drivers like myself to identify the driver is uninsured.At this point we can contact the police at the scene of the accident and prosecute the driver.This will also deter uninsured drivers.
If you agree then please support the petition on the number 10 website for Gordon Browns attention!
Not sure what the rules are for drafting petitions but the proposal you have written would fail as a motion at conference.
"I also propose to make it law" - when did you become PM?
should be
"I (and the undersigned) call upon the UK government to enact a law"
Bear in mind who will read these online petitions and word it accordingly.0
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