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  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    Aretnap wrote: »
    No, if your actual premium was £1000 with 7 years NCD that would have meant that your base premium was £1887. (47% of £1887 is £887, so the discount gives you a premium of £1000).
    30% NCD after 1 yr, 47% after 7yrs.

    So you're paying 70% of base after 1yr, 53% after 7yrs.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    Absolutely correct in method, but with a minor arithmetic error. 0.63 should be 0.53
    <cough>
    Just seeing who's awake...
  • abc2019_2
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    where did £1887 come from...is this standard base premium?..
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    abc2019 wrote: »
    where did £1887 come from...is this standard base premium?..
    If you are paying £1k after 47% discount, then the price with 0% discount is £1,887.

    It's basic percentages.
  • abc2019_2
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    many thanks..
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