Number of No Claims years to declare?

IvyFlood

Hi forum

With our current policy we had 8 years no claims and we switched our provider to Admiral. Not long after switching my husband went into the back of someone which resulted in a TP claim. Admiral said we'd lose 2 years no claims (not protected) because of this. Just had the renewal through and no claims is listed as 3 years. There's a note saying Admiral's max no. of years for no claims is 5, so I understand why they've dropped it to 3. My question is that when we shop around, what is the number of no claims years I need to declare, should it be 6 now? I'm a bit confused!

DullGreyGuy

3 years as that what you have evidence of

For the majority of insurers you drop to 3 years after a fault claim irrespective of if you had 5, 10 or 50 years NCD beforehand

https://eui-pdf-assets.s3.eu-west-1.amazonaws.com/admiral/AD-003-035-Your-Car-Insurance-Guide.pdf

Above is their current wording, yours may be slightly different, but you can see on page 19 that they give credit for up to 9 years ncd but 5+ years drop to 3 years after 1 fault accident

daveyjp

The maximum NCD is based on 5 years claim free, some companies give a very small reduction for up to another 4-5 years.

In general for any claim 5 years is the starting point, so you will have 3 years NCB, which is what your renewal states.

Your policy documents should set out the detail of how claims affect NCB.

CliveOfIndia

You can only declare the number of years that's specified on your renewal invite.  Some (not all) insurers will ask you to upload/send proof of your NCD, so if you claim anything other than what's on your renewal letter then you could find yourself in a bit of an awkward situation.

5 years is the maximum for many insurers.  Some go up to 9 years, a few will recognise even more.  But really, once you get above 5 years NCD, the difference in premiums is pretty negligible.

IvyFlood

DullGreyGuy said:

3 years as that what you have evidence of

For the majority of insurers you drop to 3 years after a fault claim irrespective of if you had 5, 10 or 50 years NCD beforehand

https://eui-pdf-assets.s3.eu-west-1.amazonaws.com/admiral/AD-003-035-Your-Car-Insurance-Guide.pdf

Above is their current wording, yours may be slightly different, but you can see on page 19 that they give credit for up to 9 years ncd but 5+ years drop to 3 years after 1 fault accident

Oh really I see! We were told by Admiral we'd only lose 2 years as it wasn't us making the claim. But I understand what you are saying and it must be correct as the document is entitled 'proof of no claims' 

IvyFlood

CliveOfIndia said:

You can only declare the number of years that's specified on your renewal invite.  Some (not all) insurers will ask you to upload/send proof of your NCD, so if you claim anything other than what's on your renewal letter then you could find yourself in a bit of an awkward situation.

5 years is the maximum for many insurers.  Some go up to 9 years, a few will recognise even more.  But really, once you get above 5 years NCD, the difference in premiums is pretty negligible.

Thanks. I wouldn't want to invalidate my insurance that's why I asked the question but I understand now that its unfortunately correct. Though the 5 year thing makes me feel a bit better about it, only 2 years to go!

DullGreyGuy

CliveOfIndia said:

You can only declare the number of years that's specified on your renewal invite.  Some (not all) insurers will ask you to upload/send proof of your NCD, so if you claim anything other than what's on your renewal letter then you could find yourself in a bit of an awkward situation.

5 years is the maximum for many insurers.  Some go up to 9 years, a few will recognise even more.  But really, once you get above 5 years NCD, the difference in premiums is pretty negligible.

I'd normally say the same but actually Admiral have a big jump from 8 to 9+ years according to their policybook!

You can at times declare more but thats when gluing together your current policy which says you have "5+ years" (or 9+ year or whatever) and are claim free plus the prior policy that says you had 21 years and dealing with the the "+" element in the renewal notice. 

IvyFlood said:

DullGreyGuy said:

3 years as that what you have evidence of

For the majority of insurers you drop to 3 years after a fault claim irrespective of if you had 5, 10 or 50 years NCD beforehand

https://eui-pdf-assets.s3.eu-west-1.amazonaws.com/admiral/AD-003-035-Your-Car-Insurance-Guide.pdf

Above is their current wording, yours may be slightly different, but you can see on page 19 that they give credit for up to 9 years ncd but 5+ years drop to 3 years after 1 fault accident

Oh really I see! We were told by Admiral we'd only lose 2 years as it wasn't us making the claim. But I understand what you are saying and it must be correct as the document is entitled 'proof of no claims' 

The only difference a TP Only claim makes -v- if you had also claimed is the fact you dont pay an excess for a TP claim. The impact on the NCD is identical.

Because TPs can claim injuries, hire car, loss of earnings etc they tend to be much higher value claims than the policyholder who can only claim vehicle damage less the excess and so if the insurer was to penalise one more than the other it'd make sense for the TP involving claims to be the bigger hit (in practice its the same for most)