Is there point for NCD???

[Deleted User]

I recently entered my details on a comparison site to get some quotes for my car insurance.  I first entered 9+ years of NCD; then, leaving all other details the same but changing the NCD to 0years, I got another set of quotes.  Surprisingly, the top 3 quotes in the 0years NCD, have come out cheaper than the top 3 quotes with NCD.  So, what's going on? Do insurance companies really give a discount for NCD?  I ask, because I'm wondering if there is any point in paying an extra premium to protect my NCD.     

AdrianC

Yes, they do. But there's a maximum to what each insurer will recognise, and the latter stages make far less difference than the early ones.

A recent renewal I had included the actual percentages that particular insurer give...
https://forums.moneysavingexpert.com/discussion/6094792/ncb-percentages
Make your own mind up on whether it's worth protecting.

Why were your premiums cheaper for 0 than full? No idea. But I bet a bit more digging would show it isn't quite as straightforward as that.

[Deleted User]

Thank you for that link you provided.  very interesting.  It would appear that the premium goes up after losing the NCD due to making a claim.  This, I can understand and seems reasonable to me.  However,  what perhaps I didn't make clear in my OP, is that, in my details, I entered for both the 9+ and 0years NCD, I said that NO CLAIMS have been made in the last 5 years.  But, I still would have expected that someone who has not driven for 5 years (hence not NCD) should pay a higher premium than someone with NCD.  But than perhaps someone with no NCD who held a driving license for over 40 years would not make much difference in the premium.  I should also add that the difference between the two comparisons is only a few pounds. 

sheramber

Are the quotes for 9yrs NCB and 0 NCB from the same company?

[Deleted User]

No - the top 3 quotes were from different companies.  It's as if the companies hierarchy swapped round.  Those who were in the top3 in the 9+ NCD, were further down the 0 NCD list, and those which quoted a higher amount in the 9+ NCD came on top for the 0 NCD.  As I said, the amount difference was small to make any judgement from the results.  .    

HHarry

I’ve had similar results with the 3 years I have on my second car.

When I needed to use my NCB on another car in January I just insured it with no NCB, and paid £30 less than I had in August with the 3 years.  Different company, and 5 months later so it’s not a direct comparison.

However a quick comparison now, at the same point with the same company, gives a £30 saving for 3 years NCB (£485-£455).  Which really doesn’t seem like very much.

born_again

Some companies will take on people with 0 NCB and others don't really want too.
You may even find that one of the clauses in the 0 NCD is you need a black box. Which clearly you do not with 9 years....

So you are not comparing like for like.

Mercdriver

where did the OP say that a black box was involved?

born_again

Mercdriver said:

where did the OP say that a black box was involved?

They didn't. But then again they did not say if it was the same companies or not.

It's a fair guess when putting zero NCD that companies used to taking on new drivers will be the lowest quotes. Many of which are tied to black boxes.
I guess we will have to see if the OP looked that closely at the quotes, or just looked at the headline £££.