I think I made a mistake with my NCDs

gdvenez

Hello All,

I think I have made a massive mistake using my NCD in my second car insurance policy. Let me explain briefly…

I have had my first car for 3 years now and so have claimed a 3 years NCD on it. Last February I purchased a second car and bought its insurance stating the same 3 years NCD that I had earned on the old one.

I recently found out that you can only claim NCDs per person and per car, and that I should have actually started from 0 NCDs on the new car, is this right? If so, I think I am in troubles here.

The policy of the new car states the 3 years NCD, but so did the policy of the old car. This means that I have been claiming the same NCD on 2 policies at the same time by mistake!

Luckily, the policy of the old car is now expired and I have been looking for new policies on this one. I have also received an email with the renewal policy for the old car and this is also considering my NCDs accumulated. The question is what do I do now? Here are the options I think I have;

1.- Leave the policy of the new car as it is (with the 3years NCDs) and purchase a new policy for the old car with 0 NCD. Can this be done? Or do I need a special process to transfer NCDs from the old car to the new one?

2.- Call the insurance company of the new car and tell them about the mistake I made and to correct it with a 0 NCD, they will probably charge me a lot more! Then, I could just purchase a new policy for the old car using my earned NCDs as normal.

3.- Cancel the policy of the new car and just buy a multicar policy for both cars using the earned NCDs as appropriate. I will probably lose some money in the cancelation but may save overall by buying a multicar policy.

Please bear in mind that the old car is worth around £800 and the new one around £8000, so which is the best car to use the earned NCDs?

Thanks in advance for your help.

Regards

A confused driver...:(

forgotmyname

If the policy is due to expire and they have not asked for proof, You mnay have got away with it.

I would change companies at any cost.

I had a classic car company instantly give me 6 years no claims, I think they picked up on it several years later but it was too late by then i had moved on and used it elsewhere.

No common database for them to check back then though.

Multicar policies are not always cheaper.