Will I Lose My No Claims Bonus?

Dredd123

Dear All,

I currently have two cars.

The first car is a company car, and is insured on the company insurance policy.

The second car is my own personal car, for which I have my own insurance, currently with four years no claims bonus.

Yesterday, I had an accident in my company car in the snow (braked, nothing happened, steered the car off the road to avoid hitting the car in front, and hit a lamp post instead).

The repair for my company car will be going through the company insurance, but will I lose my no claims bonus on my own private insurance when I come to renew? :huh:

Thanks,
Dave.

Quentin

No.

You should inform your insurer of the incident, but your own NCD is unaffected.

HOWMUCH

I think it's the policy holder who has paid the insurance who lose the noclaims, your insurance company has not been effect by this accident, you are just a named driver as an employee on their policy.

Dredd123

Thanks. Do you know if the premium for my personal insurance is likely to be affected by this incident?

Quentin wrote: »

No.

You should inform your insurer of the incident, but your own NCD is unaffected.

lisyloo

It's really hard to say because it depends on your job, postcode, gender, age, claims, convictions, mileage, leval of cover etc.

The best way to find out is to do a quote on a site like confused.com (or any other search engine). Do the quote with zero claims (or whatever number is correct) then edit the quote for 1 claim and voila see the difference.
Do NOT give them your real phone number or email if you don't want to be contacted, but address and postcode has to be correct for the quote.

My own experience is that one claim is not a big loading, but start being a serial claimer and you really get penalised (for obvious reasons) so your real concern is if you have more accidents within a 3 year period, but obviously if they really are genuine accidents then there is nothing you can do about it.

TighterThanTwoCoatsOfPain

My personal experiance of having a bump in a company car and the wife having a bump in her company car within a month of each other was to put our personal car insurance up from £310 to £390... One claim was a hit and run on us and cost £600, the other was my own fault and was a £2500 repair. I was quite happy with that...

Your experiances could obviously vary wildly from mine!