Question Re. NCD

MamaMoo_2

forgotmyname wrote: »

That makes a lot more sense. Sadly as above moving from a trade/commercial policy to a private one maybe impossible.

My mate transferred his full no claims to a trade policy, Made no claims but found they would not transfer it back to a private policy.

Our current car insurer doesn't accept it, however we've been having a look at quotes for renewal time, and the cheapest insurer we found will also accept commercial NCD, so double bonus!

Don't see why insurance companies are funny about it. No claims is no claims!

InsideInsurance

MamaMoo wrote: »

Don't see why insurance companies are funny about it. No claims is no claims!

But they arent.....

There is no universal rules on NCD, some used to offer "NCD for life" so you could have a hundred claims and still have maximum NCD. Some HNW policies allow 2 claims a year and no impact on NCD.

If you have a couple of cars including one expensive vehicle that you drive like a nutter you could keep cycling the NCDs around so that the expensive car always as reasonable NCD on it despite all your claims on it.

Know how the different insurers operate? Lie and say you have 10 years NCD to an insurer that doesnt check NCD until point of claim. Next year you have 11 years NCD that you can use with anyone (or 3 if you made a claim).

Some insurers will mirror NCD, though this is rarer now, buy a second car and they duplicate your NCD onto it. Others do a multi car discount instead but the second car has 0 ncd to start with

There are accelerator policies that give NCD after 9-10 months rather than 12. There is NDNCD that gives named drivers NCD. There is Company Car NCD

NCD can be up to an 80% discount with some insurers, thats a fairly heavy discount to be giving! (Though in reality over 80% of people have 4+ years which traditionally would be a 60%-70% discount so its not all what it seems)