Car Insurance & NCB

mcjordi

mattk_180 wrote: »

Pappa Golf - try taking out several policies with only one proof of no claims bonus and see how far you get. Again, insurers may give an introductory discount, a few may even be kind enough to mirror it on the odd occasion, but the no claims bonus does NOT apply to the person, only the driving history does.


The person may earn it, but the application of it is on the policy being used.


mcjordi - I can see where you are coming from but as soon as you tell an insurer you don't have the car anymore and won't be replacing it, they will only usually give you 14 days to do something about it otherwise they may even cancel the policy themselves.

i was able to suspend mine for the 27 days remaining on my policy when i scrapped my car last year and got the extra years no claims bonus im not saying all insurers do it but its worth asking

mattk_180

That may be in line with what I said earlier then regarding whether it's been scrapped or sold. If you sell it, the insurer will be a lot keener to get it off their books as soon as possible to avoid any conflict of interest once the new owner insures it. 14 days usually applies when a car is written off as well and they then look at cancelling. As you say though, may not be something all insurers go by.

rudekid48

pappa_golf wrote: »

a car does gain NCB , a PERSON EARNS NCB ,


I disagree with several of the postings above.

Disagree all you like, but you are wrong and have offered bad advice.

Anyone can earn multiple NCB if they have multiple policies on multiple vehicles.

pappa_golf

ok , car No 1 you gain 5 yrs NCB
car 2 you have 5 yrs NCB


you are in an accident in car No 1 , and loose NCB , when insurance is due on car No 2 , do you admit to having an accident , or keep mum as it was not car No 2


if you have 2 cars you taker out a multicar policy , not 2 separate ones

rs65

pappa_golf wrote: »

ok , car No 1 you gain 5 yrs NCB
car 2 you have 5 yrs NCB


you are in an accident in car No 1 , and loose NCB , when insurance is due on car No 2 , do you admit to having an accident , or keep mum as it was not car No 2


if you have 2 cars you taker out a multicar policy , not 2 separate ones

You can have as many separate policies as you have cars.

Of course you disclose the accident to insurer 2 - an accident in car one won't affect the NCB on car 2.

rs65

Futuristic wrote: »

Can I just let the policy run until the 15th to get my 2 years NCB and is this recommended so I don't lose a whole year?

If you are only going to have one car going forward, then best to try and maintain the policy until its renewal. Either, as suggested, suspend it if possible or cancel policy 1 and add car 1 onto policy 2.

You can't total up the NCB so best to keep the greater amount of years on one.

mattk_180

pappa_golf wrote: »

ok , car No 1 you gain 5 yrs NCB
car 2 you have 5 yrs NCB


you are in an accident in car No 1 , and loose NCB , when insurance is due on car No 2 , do you admit to having an accident , or keep mum as it was not car No 2


if you have 2 cars you taker out a multicar policy , not 2 separate ones

Absolutely you disclose it. It's a material fact and affects your driving history. Might affect the premium on car 2 as well as it increases your risk as a driver, but it won't affect the NCB on vehicle 2.


If you're now talking about a multicar policy then yes, one NCB may well cover all the cars (although a lot of insurers now will do a multicar policy but still have NCB per car). Some people can't/don't want a multicar policy though, in which case you would take out several individual policies which each earn their own NCB.