Keeping hold of my no claims

jonnywright

I have recently become eligible for a company car so am in the process of getting mine tidied up and sold (sad times!). I would, however, quite like to keep hold of the 5 years no claims bonus I have built up. I have heard various different stories; NCB expires if not used after X years etc.

Is there any way of keeping hold of my NCB? I have also heard many different opinions of how to do this. Ie getting insured on a car for a week / month will keep it 'active' or being the second driver on another vehicle (I know I won't build up any more no claims but will it keep my current NCB 'active'?)?

Any ideas?

Thanks

santer_2

http://forums.moneysavingexpert.com/showpost.php?p=43481692&postcount=6

http://www.carinsuranceexplained.com/car_insurance_explained/ncb_no_claims_bonus.htm

rodenal

See the links above but just for clarification as I have been in and out of company cars over the last 6 years.

Generally you keep them for 2 years, if you get close to that term buy an absolute shed and insure it for about 4 or 5 months then cancel and you'll receive a new proof. A few weeks sometimes isnt enough.

Gloomendoom

A lot of companies will give you a discount if you have been driving a company car, or at least they used to. When I switched from driving a company car to running my own I was given a discount equivalent to a full no claims.

paddedjohn

when i left my company insurance after a few years they gave me a note saying i had 5 yrs ncd which my new insurance company accepted without question.

rev_henry

Gloomendoom wrote: »

A lot of companies will give you a discount if you have been driving a company car, or at least they used to. When I switched from driving a company car to running my own I was given a discount equivalent to a full no claims.

Off the top of my head, Budget, Co Op and Direct Line still do according to their websites. Others may also when you call them up.

Road_Hog

It's a set number of years, about 3 years I think. However, if you're with Direct Line, I think they keep it live for about 6 or 7 years if you re-insure with them.