Will new insurance provider lower premiums once NCB is reinstated?

Doddy92

Hi all,

I was hit by a driver who failed to defrost her car late in October and the case is still being disputed. Given the photographic evidence I have, I'm expecting it to be resolved in my favour.

As my current insurer has had to cover for the repairs to my car while the case is sorted out, I've lost my NCB for now. I'm having to switch my insurance as my renewal (due in couple weeks) quote is £2000, up from £650 the year before.

As long as the case is eventually resolved in my favour and my NCB is restored, will the new insurance provider take this into account and lower my premiums, or am I stuck paying whatever I have signed up to for 12 months regardless?

Cheers!

Doddy92

I think I have just found my own answer via Google. Being a fairly new driver (3 years experience), I didn't realise insurance policies can be cancelled part way through.

So assuming my claim is settled at some point within the next year and my NCD returns, I can cancel the policy and then sign back up with the same provider, showing the proof of NCD, for a cheaper premium. Or, cancel completely and go with a better value quote elsewhere and probably pay a cancellation fee.

Is that about right?

forgotmyname

Except the cancellation fees maybe greater than any saving.

Why not contact your insurer and find out? They know the answer where google won't.