Cheapest way to keep NCB alive...

Grumpy_chap

Buying a vehicle and paying insurance plus other costs simply to preserve NCB seems like a real false economy.

born_again

Jenni_D said:

bengalknights said:

buy and insure a no brand moped is the cheapest actual way to keep it alive

Would that not count as motorcycle insurance rather than car insurance, and so be an entirely different policy hence a pointless exercise?

(Can you transfer NCB from a car policy to a motorcycle policy, and back again later?)

There are companies that will take m/bike ncb on a car policy. I did it with 7 years to insure a 2nd car.
Not yet found the reverse though.

Herzlos

For 2 year NCB it's unlikely to be worth it; you'll probably get a better discount for the extra 2+ years of driving experience.
For 9 years NCB it may be worth buying a banger and leaving it SORN with a fire + theft only policy, but only if you were planning on getting another car within a year or so.

AdrianC

Herzlos said:

For 2 year NCB it's unlikely to be worth it; you'll probably get a better discount for the extra 2+ years of driving experience.
For 9 years NCB it may be worth buying a banger and leaving it SORN with a fire + theft only policy, but only if you were planning on getting another car within a year or so.

Probably not even then, since 2yrs is about 35% NCB, and max tops out around 55%.

anotheruser

AdrianC said:

Exactly.

So now we're buying and insuring a vehicle for a year to save, what, 30% off the premium next time?

It makes no sense.

And then after that 3rd year, it will become 4 and 5 and 6.
Or don't insure and lose it.

I don't know why people have decided to think the OP doesn't have a vehicle to insure.  They don't say that, so best stick to the facts rather than speculate answers based on information that is just a guess.

williamgriffin

anotheruser said:

AdrianC said:

Exactly.

So now we're buying and insuring a vehicle for a year to save, what, 30% off the premium next time?

It makes no sense.

And then after that 3rd year, it will become 4 and 5 and 6.
Or don't insure and lose it.

I don't know why people have decided to think the OP doesn't have a vehicle to insure.  They don't say that, so best stick to the facts rather than speculate answers based on information that is just a guess.

You've got one on you tonight. 

AdrianC

anotheruser said:

I don't know why people have decided to think the OP doesn't have a vehicle to insure.  They don't say that, so best stick to the facts rather than speculate answers based on information that is just a guess.

Shall we just remind ourselves of what you're actually replying to, in full context?

wishuponastar said:

However what is the cheapest and easiest way to 'keep my ncb alive'?  

Hunyani_Flight_825 said:

Insure a vehicle. 

George_Michael said:

What vehicle?
If the OP doesn't own a vehicle at present...

williamgriffin said:

The obvious answer would be buy one.

AdrianC said:

Exactly.

So now we're buying and insuring a vehicle...