Reduced maximum car insurance NCD

Rubic0106

I have just renewed my car insurance with Admiral which as expected went up.

 

I discovered that although I have 13+ years NCD the premium still went up and on drilling down into the figures, I discovered one of the main factors was Admiral have cut the maximum NCD. I use to get 70% NCD but the maximum was reduced to 37% last year and to 29% this year, even although I had another claim free year. This is a 12.5% increase on top of any increase in premium.

 

I only discovered the change in rate by searching though my policy documents after I bought it. I have looked through a number of other suppliers websites and cannot find their NCD rates.

 

I suggest this is a topic for Marin Lewis to investigate.

CSI_Yorkshire

Rubic0106 said:

 

I suggest this is a topic for Marin Lewis to investigate.

Apart from ML not having anything to do with this site any more - why?

What percentage discount do you suggest insurers are forced to offer?

Aretnap

NCD is little more than a marketing gimmick really. Most people have full no claims discount, so in setting prices insurers tend to start by assuming full no claims discount and work backwards from there.

If they've cut the maximum "discount" that they offer what it really means is that they're organising people less heavily for having accidents (or having little driving history, or having been driving a company car for the last few years etc).

Ultimately it makes no odds whether you're getting a 33% discount from a nominal "starting premium" of £750 or a 70% discount from £1667 - what matters is the price that you actually pay. 

DullGreyGuy

Just look at the premium and decide if you are happy with it or not.

As above the vast majority have max NCD and so really the rate you are quoted with max NCD is the norm and those with less than full NCD get a penalty. Many insurers dont publish their NCD rates and some are now much more complex than simply 1 year = 30%, 2 years = 40% etc. Several have decided to move away from the 70-80% at the top end but pricing models have changed anyway so the net position is neutral