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Third party insurance and No claims protection consiquences
Mervyn_Sprocket
Posts: 5 Forumite
This is a tricky question and I'll be impressed if anyone can give an authoritative answer. So I'll ask the question and then give some background as to why I'm asking it...
I currently have no claims protection on my fully comprehensive motor insurance and I want to convert to 3rd party fire and theft policy. If I do this will I be able to return to a fully comp policy with no claims protected, at a later date, without my existing claims history counting against me?!
My background is that I have had two (my fault) claims on my fully comp policy in the last 4 years. My car is old now and only worth around £300 so it is no longer worth insuring as fully comp - even a minor bump would turn it into a write off. I am therefore likely to replace it with a newer car in the next couple of years and will then want to return to fully comp insurance for the higher value car. My concern is that although I can currently transfer my no claims insurance to another insurer, if there is a break in the fully comp cover and therefore in the no claims protection, will I still eligible to take up no claims protection? I don't want to make a short term saving only to find that I have shot myself in the foot in the long term (whether my driving improves or not!:)).
Does anyone have an answer to this one?
I currently have no claims protection on my fully comprehensive motor insurance and I want to convert to 3rd party fire and theft policy. If I do this will I be able to return to a fully comp policy with no claims protected, at a later date, without my existing claims history counting against me?!
My background is that I have had two (my fault) claims on my fully comp policy in the last 4 years. My car is old now and only worth around £300 so it is no longer worth insuring as fully comp - even a minor bump would turn it into a write off. I am therefore likely to replace it with a newer car in the next couple of years and will then want to return to fully comp insurance for the higher value car. My concern is that although I can currently transfer my no claims insurance to another insurer, if there is a break in the fully comp cover and therefore in the no claims protection, will I still eligible to take up no claims protection? I don't want to make a short term saving only to find that I have shot myself in the foot in the long term (whether my driving improves or not!:)).
Does anyone have an answer to this one?
0
Comments
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What's the difference in price?0
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When you apply for new insurance, if you qualify (by having the minimum NCD requirements) you are offered the option of taking protected ncd irrespective of whether or not you had it on your previous policy.
If you go from previously unprotected and now want protected then the insurer will happily take your money!
Regarding going third party, it's sometimes cheaper to take a massive excess on a comp policy that you don't inted to claim on than going tpft.0 -
don't know the answer but in my experience FC with a huge excess is often cheaper than TPFT.
My DOD has a valueless fiesta and the last three years the above has been true. He’s currently driving a car worth maybe £200 (if you filled the petrol tank put a years tax on it) and has a £1000 excess0
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