NCD - Protection

sealady

I've just phone our insurance company to find out how much it would cost to protect our NCD which currently is 5 years and they gve me a quote of an additional £5 a month. If I don't proctect my NCD and I were to claim I would drop to 2 years NCD.

My question is it worth protecting a NCD?

shelly

This comes up quite often on here and you will get a mixed bag of opinions.

My opinion is its worth it. Without it we might not be able to insure our sports car as I made a claim in 06 and if we had gone down to 2 yrs NCB I think the premium would have been too high for us to keep the car.
(We could have afforded it but would we want to have afforded it IYKWIM)

It might be worth using a comparison site and getting a couple of quotes. One with full NCB protected and one with 2 years NCB only. See what the difference is and see if you think its worth it.

For example, if the difference is say £50 it probably isn't worth it as to protect the NCB will cost £60 for the year. But if the difference is say £200 between full NCB and 2 yrs NCB i'd say its worth it.

jeanette251978

Just take in to consideration the fact that paying for protected NCB doesnt mean that your premium wont increase should you have a claim, it wouldnt increase as much as if you hadnt protected the NCB but it might increase!

You are paying to protect your NCB not your premium.

shelly

jeanette251978 wrote: »

Just take in to consideration the fact that paying for protected NCB doesnt mean that your premium wont increase should you have a claim, it wouldnt increase as much as if you hadnt protected the NCB but it might increase!

You are paying to protect your NCB not your premium.

Good point and one I hadn't thought to mention. I understand that protecting NCB is only protecting you from losing NCB and not protecting you from possible premium increases but it does get brought up on this site quite often by people who don't understand that.

When I made a claim in 06 our renewal did go up quite alot but I shopped around and got a better deal from another co.