retaining no claims discount?

Jaws_2

I haven't owned a car since 2019, and I have proof of 4 years NCD from when I last had insurance (but I realise most insurers won't accept it after 2 years). I am about to buy another car, and I used the MSE motor insurance quote tool, putting in 4 years NCD.

I then changed the NCD to zero, and the prices came out the same within a few ££.

I am over 60 so it's possible that NCD doesn't count for much at my age, but it does make me wonder whether protecting your NCD is worth the expense.

Sandtree

Jaws_2 said:

I haven't owned a car since 2019, and I have proof of 4 years NCD from when I last had insurance (but I realise most insurers won't accept it after 2 years). I am about to buy another car, and I used the MSE motor insurance quote tool, putting in 4 years NCD.

I then changed the NCD to zero, and the prices came out the same within a few ££.

I am over 60 so it's possible that NCD doesn't count for much at my age, but it does make me wonder whether protecting your NCD is worth the expense.

Most insurers no longer publish what discount you get for X years and certainly a few I know have made it much more complex. 

Before the new rules in January kicked in most insurers would give a good risk an introductory NCD if they quoted 0 NCD but no claims which was worth a significant discount but not sure they are allowed to do this anymore with the new rules. Even under the old scale the discount wasn't linear, with year 1/introductory giving a 30% discount but year 6 only an additional 1%

With over 80% of the population having 4+ years NCD its always been a bit funny to consider it the discounted price rather than the normal price and the remaining less than 20% have a loading