Bumper crop

avantra

Thanks Ultrasonic,

No, two cars between us and you are spot on, the NCD can only be apply to one vehicle according to the site. The question is what happen if I own multiple cars where I am the main driver on some but not on all?

I imagine that where I am not the main driver the my ncd will not be taken to consideration but.. on the confused site you can do exactly that.

vaio

avantra wrote: »

Thanks Vaio, but I am so confused now

I had a look at two comparison sites: confused and Gocompere and on both when adding a two cars accident at fault to the tune of £700 claim to her driver profile the premiums goes up by 8 to 20 (Chauser direct, LV, esure etc') pounds.
Adding a claim 5 years x £8=£40
Paying directly to my neighbor's bank account=£400

As far as I can see this year we paid £220 car insurance on her car and if we add the claim we can potentially choose next year a comp cover at £228 (not including any potential cashback).

Did I get it wrong?

If I am the person buying the insurance (as we always doI pay and she owns) using my NCD and adding a claim under SWAMBO's (main driver) the premiums hardly goes up, am I doing this correctly

The policy concerned will have NCB attached to it and if you make a claim then the NCB will be reduced at renewal. You can check your policy to see the effect, generally you lose two years from whatever the max your insurer allows.....

Going from max, say 5 years/70% to 3 years/40% is going to effectively double your premium and that's before you add the fault claim loading.

The NCB loss will only apply to one policy whilst the accident loading will apply to all policies that cover her.

Do the sums via dummy quotes to suit your own circumstances which will let you make an informed decision

avantra

Thank you, I think I will bite the hand of the insurance in this instant.

Aviva site is showing loading of 10% on top of their standard increases for one at fault incident of up to £1000 (remember the damage can be repaired for £400 before the middle robbers take their cut). This will knock the NCD two years back to 12 or 3 at most insurers (Aviva count over the standard Max of 5 years NCD).

This Is around £24 in the first year and £20 in the second year. If staying with Aviva that will be in the first year £247 and £225 in the second year before going back to our current 2014 premium of £220.

If not staying with Aviva (and we wouldn't as we are always applying the MSE system to get the best quote and never stick with one provider), the premiums are even lower at £15 to £10 per year increase.

I reckon it will increase our premium by about 10 to 13% top which is much less than £400 cash.

Thanks again.

Iceweasel

vaio wrote: »

excess doesn't come into it, you only have to pay that if you get your own car repaired

Are we absolutely sure of that? - I just checked my Aviva policy and can't find clarification on that.

Great if it's true.

TadleyBaggie

Iceweasel wrote: »

Are we absolutely sure of that?

If the other party claims off your insurance and get paid out, they get whatever is agreed to repair their vehicle. End of story.

Your insurance company will not ask you for an excess payment under these circumstances.

arcon5

Iceweasel wrote: »

Are we absolutely sure of that? - I just checked my Aviva policy and can't find clarification on that.

Great if it's true.

Yes it is correct. No excess is charged to you where a third party is making a claim on your insurance. You only pay an excess if YOU are making a claim, so if your are fully comprehensive and want the insurer to fix YOUR car then they pay for repair less the excess. Or if you're TPF&T and your car gets stolen they pay you the value of the car less the excess.

Most insurers don't class anything above 9 or 10 years (varies though) as discountable. So a reduction in NCB from 15 years to say 13 years won't have a massive affect on you I don't think.
In this instance it probably will be cheaper over all to have the insurers pay for the repairs.

The neighbor though may not like this as he'll then have to report it to his insurer and make a claim, thus having to declare the accident and claim on his future policies. If it was me for example i'd be really annoyed - but I guess that's not really your problem!

Remember though insurers generally require you to notify them of any incident within 24 hours.

vaio

arcon5 wrote: »

Yes it is correct. No excess is charged to you where a third party is making a claim on your insurance. You only pay an excess if YOU are making a claim, so if your are fully comprehensive and want the insurer to fix YOUR car then they pay for repair less the excess. Or if you're TPF&T and your car gets stolen they pay you the value of the car less the excess......

From memory there were (are?) a couple of insurers that applied excess to TP claims but they were very much in the "sub prime" end of the market and I think even they have stopped it now.

arcon5 wrote: »

.....Most insurers don't class anything above 9 or 10 years (varies though) as discountable. So a reduction in NCB from 15 years to say 13 years won't have a massive affect on you I don't think......

Yep, but remember that whilst insurers may note 10/15/20 years NCB almost universally when you have a claim you drop to 3 years. This can have a big effect

For example, base premium £100....

max NCB = 70% discount so actual premium = £30
3 years NCB = 40% discount so actual premium = £60

So premium actually doubles. Obviously the effect of this depends on how big the base premium is to start with and tapers as you regain NCB over the following years.

OP.....s10 of the Aviva policy document covers NCB and is clear, the most NCB you can end up with after a fault claim is 3 years so make sure you have factored that into your calculations.

arcon5

Drop to 3 years or drop by 3 years? As I'd be surprised if it was the former... Going from 15years to 3 years over a single incident

Ultrasonic

arcon5 wrote: »

Drop to 3 years or drop by 3 years? As I'd be surprised if it was the former... Going from 15years to 3 years over a single incident

Were it not protected, the NCD on my insurance policy would drop to (not by) 4 years in the event of one claim, for 6 or above years no claims. I can't be bothered to find the Aviva policy online, but it certainly could be a drop to 3 years.

avantra

Checked with Policy Expert that now includes Aviva (Aviva's site is off the air the entire weekend!!) and yes they are dropping it by 10% but not TO 3 years, it still bumping up the premium which is another reason to switch next year to another insurer so on balance a bit of headache for my neighbor but much heavier wallet for me.:p