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Am I going to lose my no claims bonus?

gt568
gt568 Posts: 2,535 Forumite
Part of the Furniture 1,000 Posts Name Dropper
in Insurance & life assurance
I've got 10+ years of no claims, but on saturday I foolishly shunted shunted somebody from behind at a roundabout. I'm not going to claim (damage was less than excess to mine), but he is. So basically my insurance is due for renewal in about 2 weeks time, and i was wondering if I'm going to lose my no claims and will my insurance shoot up?
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Comments

  • movilogo
    movilogo Posts: 3,235 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    If it's your fault, you may lose max 1 or 2 yrs of your NCD not the whole NCD.
    Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
  • gt568
    gt568 Posts: 2,535 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    movilogo wrote:
    If it's your fault, you may lose max 1 or 2 yrs of your NCD not the whole NCD.

    So when shopping around for new quotes what should I say? 8 years no claims, or say 10 but explain the accident?
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  • movilogo
    movilogo Posts: 3,235 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    AFAIK, each insusurer has a table which states how many years of NCD you'll lose when you make a claim. Just confirm with your insurer.
    Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
  • gt568
    gt568 Posts: 2,535 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Cool I'll give that a try
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  • Astaroth
    Astaroth Posts: 5,444 Forumite
    Most the time you will drop from Max ncd down to 3 years after a fault accident which is claimed for if the NCD isnt protected but you will need to check with your own insurance company to confirm
    All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
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  • gt568
    gt568 Posts: 2,535 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Yup can confirm I've dropped down to 3 years. !!!!!!.
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  • shelly
    shelly Posts: 6,394 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I have to ask.....you had 10 years NCD, why on earth wasn't it protected? :confused:
    :heart2: Love isn't finding someone you can live with. It's finding someone you can't live without :heart2:
  • gt568
    gt568 Posts: 2,535 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    shelly wrote:
    I have to ask.....you had 10 years NCD, why on earth wasn't it protected? :confused:

    Well I didn't really want to pay the extra dosh, and I wasn't planning an accident:p . I don't know really is the answer.
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  • shelly
    shelly Posts: 6,394 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    gt568 wrote:
    Well I didn't really want to pay the extra dosh, and I wasn't planning an accident:p . I don't know really is the answer.


    None of us plan accidents :p Hubby is glad he protected his as last year I pranged one of our cars, had to be the newest and dearest to repair :rolleyes: but as he had it protected he didn't lose any of the years he had built up. I know co's only count so many of the years you have but he can still say he has full NCB.
    I think last year I got a quote without protecting the NCB (just out of interest) and it didn't seem to make much difference to the cost.

    Nevermind, its done now, we live and learn ;)
    :heart2: Love isn't finding someone you can live with. It's finding someone you can't live without :heart2:
  • nomoneytoday
    nomoneytoday Posts: 4,871 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Can you pay for the other persons damage to, in order to save your own NCD?

    Or if he is claiming anyway, then you may as well repair your car as the excess will be payable by the person at fault anyway :)
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