really need car insurance help please

Quentin

If it says "after deducting 5 years discount" that means your premium has been reduced by 5 years no claims discount.


The "without no claim discount for the life of your policy" means that when you took out the policy you did not pay for the esure add on extra to protect your discount "for the life of the policy" in the event of you making any claims, and is not a reference to you now not having any discount

minus28

Quentin wrote: »

If it says "after deducting 5 years discount" that means your premium has been reduced by 5 years no claims discount.

Thanks very much for your post. It prompted me to get back on the phone to esure. I am now informed I had 10 years ncb prior to accident January 2014 and that it should have gone down to 7 years ncb left and they will send documents to show this. Finding it all very confusing.

Quentin

minus28 wrote: »

Thanks very much for your post. It prompted me to get back on the phone to esure. I am now informed I had 10 years ncb prior to accident January 2014 and that it should have gone down to 7 years ncb left and they will send documents to show this. Finding it all very confusing.

If they send you a document showing you now have 7 years NCB following your claim, then that is what you can put down on your quote applications.


(It still doesn't sound correct as you would expect it to go down by just 2 years for one claim, and this would usually be from the max of 5, thereby leaving you with 3 now. Check your "schedule" from esure for the policy coming to an end now where it will tell you what happens to your no claim discount after making any claim(s))

minus28

Quentin wrote: »

If they send you a document showing you now have 7 years NCB following your claim, then that is what you can put down on your quote applications.


(It still doesn't sound correct as you would expect it to go down by just 2 years for one claim, and this would usually be from the max of 5, thereby leaving you with 3 now. Check your "schedule" from esure for the policy coming to an end now where it will tell you what happens to your no claim discount after making any claim(s))

Just checked. You are right it does say it does say it would go down by 2 years per claim. Why only a Max of 5 though if I have had no claims for 12 years? Would it not go down to 10 by that logic? Its quite frustrating as I'm worried if I put in an incorrect number it will look fraudulent and I won't get insured

Quentin

Check the schedule and policy again to see if they mention deducting lost NCB from the max of 5 years.


Most insurers do use 5 as the max when deducting 2 years following a claim.

minus28

Quentin wrote: »

Check the schedule and policy again to see if they mention deducting lost NCB from the max of 5 years.


Most insurers do use 5 as the max when deducting 2 years following a claim.

I went back on the phone again to esure. Pre accident in January 2014 they said I had 11 years NCB (75% discount). After accident they said this fell to 7 years (72% discount). For some reason they took too many off (down to 5 years ncb) and will be sending a document to say I have 7 years and will update lexisnexis. Does this make sense at all? Any idea how long it takes for the LexisNexis to be updated?
If I was puttting in 7 years when according to LexisNexis I had 5 is it possible this is why AXA policy was refused?

Sorry for so many questions. Appreciate your help

Quentin

It sounds like they use 9 years as their max when deducting 2 years following a claim.


Now they've confirmed to you that 7 is correct you can safely put 7 in your quote applications.


Should another insurer refuse you then you need to make sure esure have corrected things, but see what happens first on your search for a new company.

minus28

Quentin wrote: »

It sounds like they use 9 years as their max when deducting 2 years following a claim.


Now they've confirmed to you that 7 is correct you can safely put 7 in your quote applications.


Should another insurer refuse you then you need to make sure esure have corrected things, but see what happens first on your search for a new company.

Thanks again your help is really appreciated. I think it appears that 9 is their Max although i havent confirmed that with them. The disinformation insurers can give is shocking. This process has been an eye opener for me from the posts and this blog http://www.moneysupermarket.com/car-insurance/blog/how-do-no-claims-discounts-work/

In my naievity I just thought the discount in years would just keep building and building if you never made a claim but obviously regardless if you had say 20 years ncb a certain insurer may only consider 5 years ncb for instance and every insurer can be different. Seems crazy.

One other thing I hope you could answer...I'm on the electoral roll for my current address but my bank address is still registered for another address/ my owned/rented out property. Before proceeding do you think it essential that the registered bank address matches the electoral roll address?

Thanks again