Car insurance, using my NCD for a friend.

Sgt_Pepper_2

bryanb wrote: »

See post 2 for my contribution. Where's your's?

Oh yeah, you didn't answer the question he asked. Very useful contribution.

UsernameAlreadyExists

Re the NCD expiring after 2 years ... I was on the phone to Admiral for my own card insurance only yesterday and this subject came up.

I have a policy with 10yrs NCD on, and a 2nd policy with a different 5yrs. I am letting the 2nd policy lapse because I don't use the car anymore and am not wasting money on it keeping it insured.

I'd stated that I wanted the NCD to remain available for me to use within the next 2 years on the assumption that it'd all expire, and he pointed out that it wouldn't actually all expire after 2 years but would instead start to deteriorate ... and I'll be damned if I can remember precisely what he said, but I am pretty sure that I would have "some" NCD even in 5 years time, then it would all be gone.

I am sure he said it was something like lose 2 years for each year for everying over 2 ? (something weird like that ... if not exactly that).
I was suprised though ... as I thought it would all go in one hit.

gingernm

Thanks all,

Usernamealreadyexists,

Altough I'm more interested in my OP, for you with 2 NCD's, you could flip-flop them each year. Use to 10ncd 1 year, then the 5ncd the following year, then back to the now 11year ncd followed by the now 6ncd.

Regards

Rob.

dacouch

UsernameAlreadyExists wrote: »

Re the NCD expiring after 2 years ... I was on the phone to Admiral for my own card insurance only yesterday and this subject came up.

I have a policy with 10yrs NCD on, and a 2nd policy with a different 5yrs. I am letting the 2nd policy lapse because I don't use the car anymore and am not wasting money on it keeping it insured.

I'd stated that I wanted the NCD to remain available for me to use within the next 2 years on the assumption that it'd all expire, and he pointed out that it wouldn't actually all expire after 2 years but would instead start to deteriorate ... and I'll be damned if I can remember precisely what he said, but I am pretty sure that I would have "some" NCD even in 5 years time, then it would all be gone.

I am sure he said it was something like lose 2 years for each year for everying over 2 ? (something weird like that ... if not exactly that).
I was suprised though ... as I thought it would all go in one hit.

The joys of uninformed call center staff, what he has told you is complete BS unless in the unlikely event Admiral have a different system than the rest of the market.

With the vast majority of Insurers the no claims bonus becomes invalid two years after the last expiry / cancellation date, there are a handle of Insurers that allow three years.

If you take up Insurance using your old no claims bonus even if you subsequently cancel the policy the two (Or three years) start running again from the expiry or cancellation date.

The obvious thing for you to do would be to allow your current policy to lapse at renewal and then take out new cover and submit your old no claims bonus. Your original ncd then has two years and you can just do the same process each two years.

Try ringing Admiral and asking the original question, I would be surprised if you get the same answer you originally get

bryanb

Sgt_Pepper wrote: »

Oh yeah, you didn't answer the question he asked. Very useful contribution.

That was because more info was needed to answer. Duh!

Sgt_Pepper_2

bryanb wrote: »

That was because more info was needed to answer. Duh!

You needed more info to answer that?

gingernm wrote: »

Other than risking losing the no claims i've amassed (by him claiming/being claimed against) are there any other reasons (legal or not) that this can't be done?

So why did you jump in then?

You are clutching at straws now.

bryanb

Sgt_Pepper wrote: »

You needed more info.

Give it a rest.

chrisw

Quentin wrote: »

Insurers won't let you insure a car you don't own or are the RK for.

Yes they will. My wife gave her car registered in her name to my daughter who had the car for about 5 years with 3 different insurers, insured in her name only. I tried swapping the registered keeper on comparison sites to see if it made any difference but it didn't so she never bothered changing the keeper as it would have added an extra owner. I don't know if it makes any difference where it asks for relationship to policyholder as I obviously put daughter rather than friend.

As long as it's clear who the main driver and registered keeper is so it's quoted accordingly, I don't see a problem. Try it on a comparison site and see.

vikingaero

Quentin wrote: »

Insurers won't let you insure a car you don't own or are the RK for.

Some Insurers will.

For example if I use my own car or Mrs V's car for business purposes then I will be covered by our companys Insurer with precedent over our personal Insurers.

We are also insured to drive vehicles not belonging to us where there is a business need - for example moving a vehicle that may be causing an obstruction.

Hackman_2

bryanb wrote: »

Give it a rest.

I'd take your own advice as you have made yourself look rather foolish today.:D