Protected no claims bonus - views?

9 replies
Found 3rd Dec 2008
What is the pros and cons of this?

Re : car insurace

I was always of the opinion that it is a bit of a waste of money but I am not 100% of my facts.

Am I right in assuming that you only keep the bonus if you stay with the same company that issues it? So after a claim you keep the bonus but of course the premium is going to go up and if you can't shop around you are going to pay more than you would as a new customer elsewhere - so the savings might cancel out? This right?

What does everyone think?

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8 Comments

I didn't think the premium went up.. well mayb with the cost of living etc.. and the No claims protection only allows you one free hit.. after that you lose the protection

Banned

always worth paying for imho as only £10 per year extra on my policy

allowed 2 accidents within 2 years to keep NCB

NCB discount is transferable.

csiman;3643073

always worth paying for imho as only £10 per year extra on my … always worth paying for imho as only £10 per year extra on my policyallowed 2 accidents within 2 years to keep NCBNCB discount is transferable.



maybe transferable but you do have to say if you have had any accidents or claims in the last 3 or 5 years when you take out a new policy so no doubt they will push the premium up

Banned

Captain Hook;3643098

maybe transferable but you do have to say if you have had any accidents … maybe transferable but you do have to say if you have had any accidents or claims in the last 3 or 5 years when you take out a new policy so no doubt they will push the premium up


possibly may influence the premium but nowhere near as much as lack of a NCB.

Also will cover you if some dispicable person hits your car and then denys it - the insurance companies may want to go 50:50 (if there is no proof) and then you wont lose your no claims - which would be very annoying if the accident wasn't your fault!.

I think its a god send as I've had to claim off my insurance and would be paying a much higher premium if it wasn't for NCB.

First, my car had been vandalised whilst parked on a friends street, windows broken, door panels kicked in and wing mirrors removed. Rang insurance and all was fixed for free including replacement hire car for the week. When i asked how much it would have cost to repair, i was quoted £2,500. Its paid for the extra NCB i have paid already.

Original Poster

thx for the posts everyone

So you can keep your no claims and take it to another company even if you've made a claim? (with no claims protected)
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