Car insurance and NCB

JohnBravo

Hi All,

 I have a question re my renewal. I am looking for a different provider.
I want to be the main driver on the new policy, I was additional driver on the existing.
We have had NCB for all these years. I had an accident in 2018-2019, no injuries.

What would be the best approach to this?
When I look for quotes and I put 1 year no claims bonus the price is about £980.
But when I select 4 years no-claims and select "NCB protected" then the price goes up by about £250 which does not make sense. Is this protection screwing up the price or more years of no-claims? Is NCB at all transferable for a secondary driver? Is it worth the effort to declare or transfer anything from the old insurance company. To me it looks like it does not.
Please advise.
Thank you
Best

Aretnap

Most insurers award no claims bonus to the policyholder - who is not necessarily the main driver.

A few do an additional "named driver no claims discount", but the named driver will usually have to take it a policy with the same insurer to make use of this - it will not usually be recognised by other insurers.

The renewal note from the last policy will say how much NCD you have, and who it is assigned to. It cannot usually be transferred from person to person, except on compassionate grounds eg when a spouse has died or become to ill to drive.

No claims discount protection is basically insurance for your NCD - you pay extra and the insurer promises not to reduce it if you have an accident. So obviously it's more expensive than buying without NCD protection, though £250 sounds like a lot to pay for it 

Unless you were the policyholder on the last policy it's unlikely that you will have any NCD that you can use on a policy of your own.

400ixl

As above, named drivers do not typically build any no claims on another persons policy, so unless you were the named policy holder you will not have qualified.

You have to answer all of the questions honestly for the period they ask. So accidents / clains have to be declared for the period that insurer asks for (usually 5 or 3 years).

JohnBravo

In my case what I see on the policy:
Protected No Claim Discount (PNCD)
NCD is earned only by the main policy holder and it is 9+ years

On the policy the past accident is listed on the main driver and this was over 5 years and 9 moths ago.

powergen_insider

JohnBravo said:

In my case what I see on the policy:
Protected No Claim Discount (PNCD)
NCD is earned only by the main policy holder and it is 9+ years

On the policy the past accident is listed on the main driver and this was over 5 years and 9 moths ago.

Main policy holder is not you.  You have no NCD.

Fortunately(?) that means you don't have any NCD that would need protecting on the new policy so you don't need that extra £250.