using company car no claims

scoobie

I'm in a similar situation to many of the poster on here. I have to say its a minefield if you're trying to keep your private NCB whilst you have a company car. The most likely outcome is if you have a company car for more than 2 years, you will loose all previous no claims history whilst driving privately. Something that I had no knowledge of when I took out a company car.

I went into company car insurance (for 3 years) having already built up 10 years no claims bonus in writing. Coming out of the company scheme the same private insurer is saying I should have transferred in the 10 years no claims bonus into the company car scheme (which isn't possible) if I'd wanted to keep the 10 years no claims bonus which I'd built up privately. So they are arguing I've gone down from 10 years to 3 years.

It seems to me that they just haven't accounted for continuity of no claims from private to company car schemes, and then back out to private insurance.

InsideInsurance

scoobie wrote: »

It seems to me that they just haven't accounted for continuity of no claims from private to company car schemes, and then back out to private insurance.

You have to remember that NCD is a bit of an artificial thing as you can have a number of claims and still have maximum NCD - if you look at HNW policies some of them are fairly generous how many claims you can have and still keep it. Really NCD should be renamed but thats another matter. Its also on accrued by the policyholder where as if it was a true no claims discount then named drivers etc should also get it.

You do however also have your claims history and that is continuous across both private and company cars

scoobie

InsideInsurance wrote: »

You have to remember that NCD is a bit of an artificial thing as you can have a number of claims and still have maximum NCD - if you look at HNW policies some of them are fairly generous how many claims you can have and still keep it. Really NCD should be renamed but thats another matter. Its also on accrued by the policyholder where as if it was a true no claims discount then named drivers etc should also get it.

You do however also have your claims history and that is continuous across both private and company cars

It's a financial product though, so rules of fairness and conduct apply legally. I believe an insurance company would be on dodgy ground if they didn't treat one set of customers (ex company car users) the same way as private car users unless there was some legitimate difference of insurance risk betwen the two groups - which there isn't as they don't ask you if you've ever had a company car on your last insurance.

InsideInsurance

scoobie wrote: »

It's a financial product though, so rules of fairness and conduct apply legally. I believe an insurance company would be on dodgy ground if they didn't treat one set of customers (ex company car users) the same way as private car users unless there was some legitimate difference of insurance risk betwen the two groups - which there isn't as they don't ask you if you've ever had a company car on your last insurance.

But you are talking about pricing, which the ombudman has previously said is purely a commercial decision and free for insurers to do as they please (as long as they are within the laws of discrimination)

You will find "discrimination" everywhere, many brands in banking, insurance and elsewhere will do "new customer only" deals as well as "existing customer only" deals. You may only qualify to use a service or product if you hold one specific other product. This is all normal and acceptable business activities.

You have to effectively think of NCD as an almost physical thing. Your new insurers are asking you to give them your NCD and they want it to be within its use by date (normally 2 years). The issue is not really that they wont accept your time as a company driver but that the company insurance policy doesnt give you an NCD. Its just the same as if you had been on your partners policy for 20 years and then go to get your own car for the first time you have no NCD to use because you've not been the policyholder.

In both these cases however you do have a driving history and a claims history and the new insurers will factor both of these in. Additionally many will give you an introductory discount as long as you have reasonable history.

The other one of cause is if you buy yourself a second car you have to start it with 0 years NCD because your current NCD is attached to your other policy and you cannot duplicate it or split it up.

bob_a_builder

Quote:
Originally Posted by AnnieO1234 View Post
It sounds like you're saying you're company fudged the facts to save you paying company car tax. Now you're saying you wished you'd paid it to get a discount on your insurance? Or are you actually saying you want your cake and eat it?
======
I did pay car tax, and yes I would like the cheapest car insurance possible as any sane person would.

This 'fudge' would have allowed you to incorrectly claim to the tax man that your daily journey to work were 'business' miles

but that would depend on exactly how your fuel costs were covered

JethroUK

braun wrote: »

....The car leasing company have told me that as it was a fleet car I'm not entitled to no claims.

It's not up to the leasing company to decide what you can/cant claim - thats for the insurance company to decide

Your leasing company just needs to evidence that you have been driving one of their cars for # years without a claim

the insurance company can then consider this evidence "for what its worth"

my insurance company actually asked my to get a letter of evidence from my ex-company (with car) and they honored the no-claims on that evidence

Nodding_Donkey

braun wrote: »

I did pay car tax, and yes I would like the cheapest car insurance possible as any sane person would.

Really? Are you getting the cheapest car possible as well?

All car insurance is not the same and cheapest can sometimes leave you seriously out of pocket.

mgdavid

JethroUK wrote: »

It's not up to the leasing company to decide what you can/cant claim - thats for the insurance company to decide.
Your leasing company just needs to evidence that you have been driving one of their cars for # years without a claim.
The insurance company can then consider this evidence "for what its worth"
my insurance company actually asked my to get a letter of evidence from my ex-company (with car) and they honoured the no-claims on that evidence

exactly this for me too; just retired after having company cars for decades. Bought my own car and when getting quotes I simply asked if they would recognise a no claim driving history from a leasing provider, if they didn't then bye-bye, several did and I went with one of them. It's not difficult.

InsideInsurance

mgdavid wrote: »

exactly this for me too; just retired after having company cars for decades. Bought my own car and when getting quotes I simply asked if they would recognise a no claim driving history from a leasing provider, if they didn't then bye-bye, several did and I went with one of them. It's not difficult.

All will recognise your history, for better or worse. I know what you are saying but more explicitly what you are asking them to do is give you an NCD off the back of your history with a company car which only some will do. Even those that do give you additional credit for it may not give you genuine NCD but some proxy to it which may react differently if you do actually have a claim or want to switch insurers etc