Protected No claims bounus question

SteveyJC

Hi all,

Some nice person drove into the side of my car last night when it was parked, and I wasn't in it. I would guess the damage is a good few hundred pounds to get fixed.

I have a protected no claims bonus with my current insurer. Does anybody know if I claim for the damage through my insurance will the premium shoot up next year because of it? Obviously I will still have the protected "bonus", but if its a larger premium, the overall cost will still be more?

Does that make sense?

Thanks in advance for your help,
Stevey

jonesMUFCforever

Your car insurance should only increase in line with general premium increases.ie by the amount that your premium would have increased anyway even if you had not claimed to cover inflation, wage rises etc etc.

edwara

was going to ask the same question! as just had to claim and the insurers said I have lost 1 life.

Does anyone know if i can shop around when renewal comes up and if I do waht do I put in with regard to no claims etc?

Thanks

lisyloo

Your car insurance should only increase in line with general premium increases

I don't think this is correct.
I think the company can "load" you for claiming although your bonus e.g. 50% discount will stay intact, BUT it will be 50% of a higher starting price because of the accident.

Does anyone know if i can shop around when renewal comes up and if I do waht do I put in with regard to no claims etc?

I don't think protected no claims is necessarily transferrable but it may be down to different insurers.

jen1

Hi, I have just claimed on my insurance due to car sliding on ice and hitting a parked BMW i left note on car with my number for insurance details.
I spoke to insurer due to coming up to five yrs no claim bonus next month, this is my first accident and was worried about the no claim. I have been told that i had 65% no claims bonus and it will now reduce it to 55% so dosen't sound too bad.

lisyloo

I have been told that i had 65% no claims bonus and it will now reduce it to 55% so dosen't sound too bad.

But most likely your premium will be "loaded" now because you've had a claim so the 55% will come off a higher figure.

MoscowFlyer

Your premium will get a load due to the 'fault' claim, although the bonus will remain intact and will still be protected. You can transfer protected bonus as well, the rules are that a protection of the bonus allows two fault incidents within a five year period. After these two incidents, your bonus will remain at 5 years but will then go down two years at a time upon further fault accidents.

ArchieB_2

The above varies by insurer by the way.

Anon

I have always wondered if protecting a no claims bonus is worth it - I can see if you stayed with the current insurer it may make a difference (but as some of you say above, the insurers may just ramp up the starting price before taking off your discount). However, if you changed insurer, you still have to declare any losses etc in the past X years - that is likely to affect you (and the premium offered) whether you protected your NCB or not?

There, is it actually worth protecting your NCB if you are in the habit of changing insurers to get the best deal each year?

Many thanks

Anon

shelly

We usually change ins co's every year. We take our protected NCD with us and never ever pay more then we did the previous year.
Last May I made a fault claim on one of hubby's policies. We expected the ins to go up in Nov when we renewed but after shopping around I got a cheaper quote then the previous year, so ins doesn't always go up after a claim.

SteveyJC

If you see my post at the top, it isnt technically a "my fault" claim. Any views on this?