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NO Claims!!!!
Beaujolais7
Posts: 12 Forumite
We had a car accident, insured with AXA, thankfully no one else was involved, the car was written off (category C) total insurance cost is £5650, Luckily we have gap insurance, but we are still waiting for our payout hopefully in the next week. Thinking of getting another car and looking at insurance. The problem is I didn't protect my no claims, all 7 years of it!
I take it now my car insurance will go through the roof, is there anything I can do to bring the car insurance cost down, can you buy back your NCB?
Any help please.
Regards
I take it now my car insurance will go through the roof, is there anything I can do to bring the car insurance cost down, can you buy back your NCB?
Any help please.
Regards
0
Comments
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No you can't buy your NCB back, and even if it had been protected your next lot of insurance would still increase as all the companies do is increase the base price of the policy to claw back some of what they have just lost.Understeer is when you hit a wall with the front of your car
Oversteer is when you hit a wall with the back of your car
Horsepower is how fast your car hits the wall
Torque is how far your car sends the wall across the field once you've hit it0 -
you will not loose all of your no claims you will use a percentage, ask your insurance company how much no claims you will loose
it could be two years or could be more ask axa0 -
It won't affect your no claims bonus until the policy is due for renewal0
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force ten is right but most companies take two years off their max so for example if their max is 5 years NCB like Admiral insurance then this would go down to 3 years0
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It won't affect your no claims bonus until the policy is due for renewal
I thought that in the event of a total loss that was the end of the insurance term, and a new premium with a fresh 12 month term would start from then.
So the OP would need to cough up for the new premium which will have at least 2 years less NCB right away.0 -
The OP stated in their first post that they did NOT protect their NCB to start with, so whatever they had is now gone.you will not loose all of your no claims you will use a percentage, ask your insurance company how much no claims you will loose
it could be two years or could be more ask axaUndersteer is when you hit a wall with the front of your car
Oversteer is when you hit a wall with the back of your car
Horsepower is how fast your car hits the wall
Torque is how far your car sends the wall across the field once you've hit it0 -
I thought that in the event of a total loss that was the end of the insurance term, and a new premium with a fresh 12 month term would start from then.
So the OP would need to cough up for the new premium which will have at least 2 years less NCB right away.
That was the case with the cheaper Insurers, the Ombudsman "expects" them to offer cover on the replacement car up until renewal subject to any additional premium for the new car and assuming the Insurer provides cover for that type of car0 -
Quiet_Spark wrote: »The OP stated in their first post that they did NOT protect their NCB to start with, so whatever they had is now gone.
that is not correct, the OP is insured with axa and this is what they say about NCDIf you are in any way at fault or we can’t recover all costs, your NCD will be reduced according to the scale below.
No Claims Discount at the start of this period of insurance then At renewal your No Claims Discount will be
six or more years ncd After 1 claim drops to 4 years, After 2 claims drops to 2 years, After 3 claims your No Claims Discount will be reduced to zero years, irrespective of how many years you previously held.
so according to that the OP will drop from 6 years to 4 years0 -
I thought that in the event of a total loss that was the end of the insurance term, and a new premium with a fresh 12 month term would start from then.
So the OP would need to cough up for the new premium which will have at least 2 years less NCB right away.
when i made a total loss claim in oct 2007 with Aviva my insurance was transferred to the replacement car that i bought and my renewal remained end of January the following year, so that is not always the case0 -
The T&C's you posted only apply to those that take up the offer of protecting their NCB. The OP stated in post #1 that they did not bother with spending the extra few quid to protect their NCB when they took the policy out, so they will back to square 1 come renewal time.that is not correct, the OP is insured with axa and this is what they say about NCD
so according to that the OP will drop from 6 years to 4 yearsUndersteer is when you hit a wall with the front of your car
Oversteer is when you hit a wall with the back of your car
Horsepower is how fast your car hits the wall
Torque is how far your car sends the wall across the field once you've hit it0
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