Insurance - NCB protection?
Thread Starter
Scooby Regular
Joined: Jan 1999
Posts: 572
Likes: 0
Can someone remind me of the benefits of protecting the no claims? I have always left this off because someone once told me that even if you have a claim you don't lose your whole discount, maybe only a couple of years' worth.
However, for an extra £100 it seems sort of attractive especially in the light of my current radiator trauma.
By the way I've just got some outstanding quotes - always worth phoning around. Supercar the best (£510). Bell Direct the worst (£1212).
Gareth
However, for an extra £100 it seems sort of attractive especially in the light of my current radiator trauma.
By the way I've just got some outstanding quotes - always worth phoning around. Supercar the best (£510). Bell Direct the worst (£1212).
Gareth
Scooby Regular
Joined: Nov 1998
Posts: 5,485
Likes: 0
From: Northampton
With protected NCB it usually gives you 2 complete write offs within 3 years without affecting your premium or NCB. Then you get the standard loss of a percentage of your NCB after that. AFAIUI that is.
Scooby Regular
Joined: Oct 1999
Posts: 11,440
Likes: 54
i had to make a claim last year when someone hit the **** end of my cossie and buggered off. It was the first claim i had ever made. i took out protected NCB just before the bump.
i got my no claims statement through this morning, it still has 6 years NCB on it.
will come in handy when i get my next bonkers car.
i got my no claims statement through this morning, it still has 6 years NCB on it.
will come in handy when i get my next bonkers car.
Scooby Regular
Joined: Jan 2000
Posts: 516
Likes: 0
I've only ever made one claim on my insurance (i.e. accident was my fault). At the time I had a protected NCB (65%) and I thought that apart from the excess, I had nothing to lose if a made a claim (damage probably £600 to repair).
Since then I have had some difficulty obtaining reasonable insurance quotes. Although these quotes accepted the NCB at 65%, the premium was higher because of my accident record. If I had known this at the time of the original claim, I might have been tempted to pay out of my own pocket rather than make a claim. Incidentally the cheapest I've managed to get was from Greenlight (£870 - 31 yrs, clean license, wife 28 also to drive, live just outside Glasgow).
As an aside, one company (Eagle Star Direct) has a very harsh approach to insurance quotations. I phoned for a quote, they asked:
"Have you had 3 or more accidents REGARDLESS OF FAULT in the last 3 years ?"
Unfortunately, apart the above claim, there were 2 other accidents which were not my fault so I had to answer: "Yes".
They then replied:
"Well I'm afraid, sir, that we are unable to give you a quote."
It seems that this company penalises you for being unlucky.
B******s.
D.
Since then I have had some difficulty obtaining reasonable insurance quotes. Although these quotes accepted the NCB at 65%, the premium was higher because of my accident record. If I had known this at the time of the original claim, I might have been tempted to pay out of my own pocket rather than make a claim. Incidentally the cheapest I've managed to get was from Greenlight (£870 - 31 yrs, clean license, wife 28 also to drive, live just outside Glasgow).
As an aside, one company (Eagle Star Direct) has a very harsh approach to insurance quotations. I phoned for a quote, they asked:
"Have you had 3 or more accidents REGARDLESS OF FAULT in the last 3 years ?"
Unfortunately, apart the above claim, there were 2 other accidents which were not my fault so I had to answer: "Yes".
They then replied:
"Well I'm afraid, sir, that we are unable to give you a quote."
It seems that this company penalises you for being unlucky.
B******s.
D.
Thread
Thread Starter
Forum
Replies
Last Post