No Claim Bonus - how it works?

markweber

Hi,
I have 5 years NCBand I have 2 cars.

1.) which I use daily
2.) which is an vintage car.

I used 5 years NCB for 2 of these cars, although they are not insure in the same company.
I bought a van and insured it. I sent them my NCB but I was told that one NCB can be used only with one company (car).
This sound crazy for me as I already have two insurance policy and both company accepted my NCB.
IS it right that you can use NCB only with one company?

keith1950

One ncb for each vehicle ....so you now need three.

Norman_Castle

Vintage car could have classic insurance which I believe doesn't use or earn ncb.

markweber

keith1950 wrote: »

One ncb for each vehicle ....so you now need three.

so, how to get 3 NCB?

Quentin

markweber wrote: »

so, how to get 3 NCB?

If you go a year on your new van without claiming then you will have 3 separate NCD.

markweber

so I have to pay as for 0 year NBC for the first year and after a year I will get my 5 years NCB for my van?

rs65

markweber wrote: »

so I have to pay as for 0 year NBC for the first year and after a year I will get my 5 years NCB for my van?

No, after a year you will have one year NCB on the van, assuming you don't claim.

Quentin

markweber wrote: »

so I have to pay as for 0 year NBC for the first year and after a year I will get my 5 years NCB for my van?

To get 5 years on your new van you have to keep claim free in the van for a complete total of 5 years.

Then when you go to buy your year 6 policy for the van you will have 5 years.

markweber

Quentin wrote: »

To get 5 years on your new van you have to keep claim free in the van for a complete total of 5 years.

Then when you go to buy your year 6 policy for the van you will have 5 years.

so it doesn't matter that I already have 5 year NCB for my car??

Faith177

markweber wrote: »

so it doesn't matter that I already have 5 year NCB for my car??

No as it can only be applied to one vehicle at a time. Some companies may look to "mirror" your bonus which means they look to give you some discount as a way of acknowledging your driving history but it may not be at the same level that your proper NCB attracts. You would be better off speaking to a broker (not Swintons) to see if that can be arranged for you with an insurer

Quentin

markweber wrote: »

so it doesn't matter that I already have 5 year NCB for my car??

No. You need to "earn" bonus by way of being a policy holder.


What you could do is find out if the van is more expensive than your car to insure (based on 5 years NCD).


Then if so swap your van onto the car policy (assuming the insurer will cover the van), use the NCD on the van and buy a new policy for the car.


Although you will have nil NCD for the third vehicle you should be able to get an introductory discount for the third vehicle. (And see what your current 2 insurers will do if you bring them the business)