Insurance - Cheapest way to keep no claims bonus alive after no longer driving

blue_haddock

probably only if you take out a policy with admiral i would of thought.

DrScotsman

calypsored wrote: »

If any undertaking conducts research which has an interest in a particular finding coming out then it is unlikely that the research is going to come out as negating facts which allow them to increase premimums.

Okay, stop.

Clearly you do not have an answer to my question (a), and there are no insurers who tell their customers of their research to sell their product. You talk about how they use this skewed research to "allow them to increase premiums", but explain this to me: If the customer doesn't see the research then why does the insurer need it to be skewed to inflate the premium? Answer: They don't.

Coupled with the fact that insurers WANT to work with the most accurate dataset possible, and it is extremely unlikely that insurers would "find what they want to find", because there is no valid reason why they'd want to.

I would also like a source on this 1993 study, and also maybe some evidence that it's bogus besides your own personal prejudice?

Whatever the case with these stats the price of car insurance is prohibitively expensive for certain categories; its all very well to say this goes with the territory but i'm sure other countries dont have such severe problems for motorists. Inevitably you just get people driving without insurance not necessarily because they wanted to go uninsured but simply because they cant afford it due to abusive pricing.

And you're insinuating it's the insurer's fault and not their own that they're flouting the law, right? I guess I can blame Tesco for me being fat then - what with their "abusive pricing" on healthy food.

Pincher

neilmcl wrote: »

Can you get someone to put you down as a named driver?

december wrote: »

That would not work (the named driver idea) as it's the policyholder who gets to keep the no claims bonus. The only thing that would work would to be to buy a banger and insure it 3rd party.

blue_haddock wrote: »

probably only if you take out a policy with admiral i would of thought.

I know it's a juggling act, just thought it might fit the previously proposed idea, which lacked an insurance company willing to give NCB for named driver. I expect it's meant for young drivers with no NCB to build some "Admiral NCB" history, and previous NCBs don't count.

Also, what if the primary driver has an accident? Does this mean the named driver loses 2 or 3 years on his 5 years?

calypsored

DrScotsman if you want to have a discussion about the ethics and methods of insurance premiums and the abusive pricing that is going on for certain sections of society then dont hijack my post start your own.

I clearly stated above that I didnt want this post to turn into such a discussion - this is meant as clear answer to a query of which there is no solution on the internet at the current time.

The research issue was only raised when as an aside regarding treating safe drivers with a history of no claims who havent driven for 24 months as new drivers and then exploiting that. Other countries such as France dont expire after 24 months so why England - it would be interesting if on this exact point if someone could see if England has the shortest time period available; I would not be suprised if this was the case.

DrScotsman

calypsored wrote: »

DrScotsman if you want to have a discussion about the ethics and methods of insurance premiums and the abusive pricing that is going on for certain sections of society then dont hijack my post start your own.

I wouldn't really call it hijacking, it looks like you've got all the advice you need in this thread. But in any case done .

I clearly stated above that I didnt want this post to turn into such a discussion.

Indulge me, where did you say this?

The research issue was only raised when as an aside regarding treating safe drivers with a history of no claims who havent driven for 24 months as new drivers and then exploiting that.

Hrm, looks like you're happy to continue discussion where it suits you :think:. In any case we've established that the research iamana1ias referred to was most definitely not skewed.

Money_Saving_Forever

calypsored, any more news on this? I am in the same boll*x situation except I stand to lose 8 years ncb in a few days! I'm looking at the 'take out policy and cancel' option to reset the two years but can't get a definitive answer from anyone whether it will work ot not.. Can't believe I googled unused ncb and there was a link to MSE in the results :rotfl:

calypsored

Just to let everyone know that I was able to stop them expiring. I actually had up to late July to do something about them so:

I renewed my insurance several days before my two years were up on my NCB - then I sent off the old proof of NCB dated July 2008 to the new insurer.

I wasn't sure if you needed a full calender month of insurance before you could cancel and ask for NCB proof - in the end I kept it going for a month and one day exactly.

I then cancelled and asked for a new certificate of NCB proof which is now dated from July 2010! That means I haven't got to worry about them until July 2012.

Two things - Luckily I still own my old banger as it's SORN so I was able to renew the insurance on that; dont know what you do if you haven't got a car anymore.

Also I shopped around for the cheapest quote so I didnt renew with the insurance company that I originally got my NCB from two years ago - beware that when I asked about cancellation costs before paying the premium it varied a lot - in the end I lost around £80 (month insurance + cancellation surcharge) for cancelling.

This is a genuine, legitimate method of securing NCB so hopefully will be of help to anyone who has stopped driving like myself but couldn't afford to lose all their NCB.

Money_saving_Martyn

calypsored wrote: »

N
It is yet another rip off from the insurance companies as just because a driver stops driving does not diminish the quality of their driving ability especially if they have a proven record of being a safe driver in the past.

FYI, there is some research that suggests that drivers who spend more time on the road hone their skills more than infrequent drivers. Not driving for a few years is bound to make you a little rusty.

sassy_one

Pay as you go insurance may be a way forward OP

calypsored

FYI, there is some research that suggests that drivers who spend more time on the road hone their skills more than infrequent drivers. Not driving for a few years is bound to make you a little rusty.

TBH now all this palava is over with I can understand that you would get rusty to a degree.

However I still disagree with the fact that a responsible driver who has built up a good NCB history can be treated as a totally new driver just because of a voluntary absence from driving for more than two years.
There should be a middle ground. Someone who has built up a strong record of NCB is probably of a character who would compensate for being rusty with driving initially with a bit of extra care.

Just glad I found the loophole around it and hope it helps others who stumble across this posting in the same situation.