We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
No Claims Discount caps... 5 / 9 / 20 years
mickym
Posts: 462 Forumite
I have built up a no claims discount of 17 years with Admiral. Unfortunately they can't come close the lowest price for new insurance with a new car I have bought.
Upon applying for insurance with other insurers it seems they will only give me a maximum of 5 or 9 years no claims discount at the end of their policy.
What's the correct situation with NCD now? Has it been standardised recently to a lower cap?
If I do go with a new insurer that will only give me a max of 5 / 9 years at the end of their policy, could I use my evidence of 17 years from admiral to be able to claim 18 years next year?
Thank you
Upon applying for insurance with other insurers it seems they will only give me a maximum of 5 or 9 years no claims discount at the end of their policy.
What's the correct situation with NCD now? Has it been standardised recently to a lower cap?
If I do go with a new insurer that will only give me a max of 5 / 9 years at the end of their policy, could I use my evidence of 17 years from admiral to be able to claim 18 years next year?
Thank you
0
Comments
-
I've been advised you can use proof from various sources although it is up to individual insurers what they will accept.
Most insurers only seem to recognise between five and nine years so proof beyond this is irrelevant to the price although I think insurers should state claim free years not the X amount of years which they consider relevant.0 -
It varies with companies. Also, a higher NCD does not mean lower prices.What's the correct situation with NCD now? Has it been standardised recently to a lower cap?
Yes you can providing you have the evidence.If I do go with a new insurer that will only give me a max of 5 / 9 years at the end of their policy, could I use my evidence of 17 years from admiral to be able to claim 18 years next year?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
If you started 9 years no claims with your current insurer and stay with them for 5 years but the renewal still says 9 years, you can contact them and ask for the proof of the real number of years of no claims.
But over 9 then i doubt any insurer will be any cheaper by having more.Censorship Reigns Supreme in Troll City...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards