no claims discount after accident??

bikingbarney

Hi all i wonder if you can help.

i had an accident on boxing day 2009 which still hasnt been cleared up.

before the accident i had 9 years no claims discount.

my insurance has renewed since the accidend and it has doubled , when i phoned up and asked why they said it was down to the accident.

as it is still in dispute they have took some no claim discount off me.when i saked how much the girl said 2 years which leaves you with 3??

when i said that i had 9 years she said no we only recognise the first 5 years??

what has happened to the rest of my no claims then??

do i have 7 years or 3??

cheers

steve

moneypenny2k

I'm sure somebody will correct me if I'm wrong but once you get to 5 years that is deemed to be 'full' ncb. So in the case of an accident you'd lose two years, which will take you down to 3.

The system is designed with the insurers interests in mind not the motorists.

esmerobbo

The full no claims discount is after five years, some insurances give allowance if you haven't claimed for longer.

Double the previous premium seems a bit extreme, premiums have gone up yes, then its the loss of a percentage of the NCD, then the loading for the claim. Have you ask for a breakdown of the premium?

davidjwest

I've got 23 years NCD but the insurers only recognise 5 (or 6) years max, it's all designed to make sure they make a good profit out of careful drivers.

When I was involved in an accident back in 1991, my insurance company claimed off the other driver's insurance as it was his fault, so I kept my NCD, isn't this the case here OP?

More info would help.

bikingbarney

hi thanks for the replies...

the info on the crash is here.....

https://forums.moneysavingexpert.com/discussion/2166895

his insurance have decided to take it to court as he still believes he was in the right lane.

neilmcl

davidjwest wrote: »

I've got 23 years NCD but the insurers only recognise 5 (or 6) years max, it's all designed to make sure they make a good profit out of careful drivers.

When I was involved in an accident back in 1991, my insurance company claimed off the other driver's insurance as it was his fault, so I kept my NCD, isn't this the case here OP?

More info would help.

Not all do. My insurer (LV) takes into account NCD up to 9 years, as do a few others.

OP, if you had that amount of no claims, why didn't you get it protected?

kelloggs36

davidjwest wrote: »

I've got 23 years NCD but the insurers only recognise 5 (or 6) years max, it's all designed to make sure they make a good profit out of careful drivers.

When I was involved in an accident back in 1991, my insurance company claimed off the other driver's insurance as it was his fault, so I kept my NCD, isn't this the case here OP?

More info would help.

If the issue is in dispute, then the NCD will be removed (or the relevant portion of it). Once it has been sorted out, and if found in your favour, you will have it replaced. In future it may pay you to pay a little extra to protect your no claims bonus - we do that every year, 'just in case'.

Quentin

bikingbarney wrote: »

when i said that i had 9 years she said no we only recognise the first 5 years??

what has happened to the rest of my no claims then??

do i have 7 years or 3??

If you read up on NCD in your policy you will see the way they treat any claim.

When you make a claim, no NCD is awarded for the year in which the claim is made, and you "lose" 2 years from any you had at the start of the insurance year. As already advised, they take 5 as the max when sliding down.

If the matter is resolved 100% in your favour, and your insurer gets full reimbursement from the third party, then your full NCD will get reinstated and you will get the extra pemium you have paid refunded.

Keep a note of what your premium would have been had you not made the claim so that you can make sure you are properly reimbursed if the matter does end up as a 100% non fault claim.