Welcome Guest! To enable all features please login.

Notification

Icon
Error

rhino666
#1 Posted : 31 December 2018 11:04:11(UTC)
rhino666

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 11/12/2010(UTC)
Posts: 3,212
Man
Location: South Devon

Thanks: 40 times
Was thanked: 770 time(s) in 732 post(s)

Just wondered if anyone else has an annual wrestle with car insurance companies to get the correct number of years no claims bonus recorded.

I have two policies. both with 15+ years no claim history.

Renewals, inevitably with a new broker but likely the same actual insurance company always default maximum no claims to 9 years.

Starting to wonder if there is any point in my efforts to get the no claims changed from the 9 years they give me and coming to the conclusion that there really isn't.

Can you see a reason why having more than 9 years no claims bonus recorded would make any difference?           

1997 black 1.6i MK1 - 4/12/2002
1991 red 1.6i Eunos - 21/9/2008

MickAP
#2 Posted : 31 December 2018 11:25:48(UTC)
MickAP

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 20/09/2010(UTC)
Posts: 3,832
Location: South Derbyshire

Thanks: 51 times
Was thanked: 616 time(s) in 582 post(s)

I've always wondered this, it seems to some insurers no claims discounts above say 10yrs carries no weight. They actually want you to be more of a risk to load the policy.

I've been driving for over 40yrs but still to this day when I insure show only around 12 yrs NCD, the joys of chopping and changing insurers. I remember one insurer would at the time when leaving would only say you had a max of 5 yrs NCD previously with them yet it was definitely in double figures, that was Aviva back in the day.

Current car...07 plate True Red Sport. MeisterR's, Colbalt rear box, Royal Steering Wheel retrim.
BRUCE225
#3 Posted : 31 December 2018 11:34:59(UTC)
BRUCE225

Rank: Advanced poster

Groups: Registered
Joined: 26/07/2018(UTC)
Posts: 166
Man
Location: OSSETT

Thanks: 20 times
Was thanked: 20 time(s) in 20 post(s)

Generally change companies every year and noticed the last few years when asked previous company for copies of my no claims to give new insurance company all I get back is 9+ which matchess the new online quotes of 9+ so guessed this was the industry standard these days and anything above 9+ doesn't really matter.

Paul W
#4 Posted : 31 December 2018 11:44:34(UTC)
Paul W

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 02/04/2016(UTC)
Posts: 954
Man

Thanks: 9 times
Was thanked: 170 time(s) in 159 post(s)
I've been driving in UK since 1972 (46 years) and never claimed on a vehicle insurance policy.

My "maximum" no clams discount is now also deemed to be just 9 years.
Mk2 1.8i, built Jan 1998.
Fidder
#5 Posted : 31 December 2018 12:42:22(UTC)
Fidder

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 16/07/2017(UTC)
Posts: 237
Man
Location: Essex

Thanks: 27 times
Was thanked: 31 time(s) in 21 post(s)

9 years claim free driving is considered across the board as the maximum allowable discount, although some speciallity firms do quote but usually in an effort to retain a sizeable connection - especially in business insurance.   To allow greater  No Claim Discount (NCD) takes underwriting into unpredictable territory. The odds become far harder to balance in order to guarantee suitable profitability whislt maintaing a competetive edge. However, that does not in itself prevent insurers and brokers from adding to policies what they now consider as a 'vanity' detail. I have a policy for my MX5 with Admiral who, after some persuasion agreed to 'note', by separate letter, my 16 years claim free driving.  In fact it's nearly 60 years!  I had 25 years selling, admin-ing and servicing insurance and related claims of all classes (no longer qualified in these rarified times so can't quote) and change my insurers on all my policies every year.  No such thing as loyalty these days, merely too much money to give a damn, it seems!

Countryboy
#6 Posted : 31 December 2018 13:34:14(UTC)
Countryboy

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 29/08/2015(UTC)
Posts: 5,273
Man
Location: In a bungalow near Upminster, Essex

Thanks: 1227 times
Was thanked: 458 time(s) in 407 post(s)

My Direct Line docs show "NCD - 9 years or more".  So as everybody else has noted, 9 years seems to be the maximum.

COG group member

Soul Red 2015 ND 1.5l SE-L Nav. Bog standard! But still fun!!

Don't take my post as a personal attack, it's not! Just sound advice stupid!

Old enough to know better! Too old to change!!
rhino666
#7 Posted : 31 December 2018 13:48:14(UTC)
rhino666

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 11/12/2010(UTC)
Posts: 3,212
Man
Location: South Devon

Thanks: 40 times
Was thanked: 770 time(s) in 732 post(s)

Thanks for the responses - I will now let the idea that it is worth having at least some of the extra years NCB on record drop.

Probably should have worked this out some years ago.

Happy New Year.

  

1997 black 1.6i MK1 - 4/12/2002
1991 red 1.6i Eunos - 21/9/2008

John M
#8 Posted : 31 December 2018 14:19:05(UTC)
John M

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 17/08/2011(UTC)
Posts: 458
Location: Tring, Herts.

Thanks: 90 times
Was thanked: 100 time(s) in 85 post(s)

Originally Posted by: Countryboy Go to Quoted Post

My Direct Line docs show "NCD - 9 years or more".  So as everybody else has noted, 9 years seems to be the maximum.

Same here, currently with Quotemehappy (Aviva) although I haven't had a claim other than windscreens for over 20 years.

Something to watch out for with 'classic car' policies is that in general they do not accrue or maintain NCD.  When I sold my 1999 MX-5 and bought a 2017 one, I found I had no NCD (the '9+' on my other car policy does not count for a second car, and the 2017 is too new for another classic policy).

 

2017 Arctic #320
MickAP
#9 Posted : 31 December 2018 15:41:26(UTC)
MickAP

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 20/09/2010(UTC)
Posts: 3,832
Location: South Derbyshire

Thanks: 51 times
Was thanked: 616 time(s) in 582 post(s)

Originally Posted by: John M Go to Quoted Post

Originally Posted by: Countryboy Go to Quoted Post

My Direct Line docs show "NCD - 9 years or more".  So as everybody else has noted, 9 years seems to be the maximum.

Same here, currently with Quotemehappy (Aviva) although I haven't had a claim other than windscreens for over 20 years.

Something to watch out for with 'classic car' policies is that in general they do not accrue or maintain NCD.  When I sold my 1999 MX-5 and bought a 2017 one, I found I had no NCD (the '9+' on my other car policy does not count for a second car, and the 2017 is too new for another classic policy).

 

 

Unless as one insurer did for me, mirror your other cars NCD, others, not all have offered to do this too. Worth noting though if you change insurers to declare that your last insurer mirrored the NCD of your other car and I reckon it only works for multi-car policies.

Current car...07 plate True Red Sport. MeisterR's, Colbalt rear box, Royal Steering Wheel retrim.
rhino666
#10 Posted : 31 December 2018 15:47:19(UTC)
rhino666

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 11/12/2010(UTC)
Posts: 3,212
Man
Location: South Devon

Thanks: 40 times
Was thanked: 770 time(s) in 732 post(s)

Originally Posted by: John M Go to Quoted Post

Originally Posted by: Countryboy Go to Quoted Post

My Direct Line docs show "NCD - 9 years or more".  So as everybody else has noted, 9 years seems to be the maximum.

Same here, currently with Quotemehappy (Aviva) although I haven't had a claim other than windscreens for over 20 years.

Something to watch out for with 'classic car' policies is that in general they do not accrue or maintain NCD.  When I sold my 1999 MX-5 and bought a 2017 one, I found I had no NCD (the '9+' on my other car policy does not count for a second car, and the 2017 is too new for another classic policy).

 

Yes, indeed. classic policies often do not require no claims, do not preserve existing no claims and certainly will not add to the no claims.

No claims must be generally be 2 years or less in age to be transferrable but I had a difficult job when sandwiching 2 years of classic between standard policies on the MK1. The new standard insurer(Saga from memory) eventually accepted it but it was stressful and touch and go for a while. Classic insurance works better for me generally on the MK1 as cheaper and can usually get an agreed valuation on the car.     

 

1997 black 1.6i MK1 - 4/12/2002
1991 red 1.6i Eunos - 21/9/2008

Taxi_Driver
#11 Posted : 31 December 2018 18:21:21(UTC)
Taxi_Driver

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 31/07/2013(UTC)
Posts: 789
Man
Location: Chingford

Thanks: 26 times
Was thanked: 128 time(s) in 120 post(s)

Had a shock last week when looking into my Taxi insurance. Seems the company I'm currently with only recognise 5 years of NCD, where previously I had 9+. Of course, I'm changeing again, seems the only way to get a resonable price. Luckily the 9 years+ from the previous insurers is still documented, so I won't lose out.

1998 MK2 1.8 Sport in Classic Red. Her name is Scarlet.

rhino666
#12 Posted : 31 December 2018 19:52:33(UTC)
rhino666

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 11/12/2010(UTC)
Posts: 3,212
Man
Location: South Devon

Thanks: 40 times
Was thanked: 770 time(s) in 732 post(s)

I think it is the comparison sites that have confused me with this as they can indicate that up to 20 years no claims make a difference.

In practice it seems that 9 years is the max counted on most policies. Can't remember the structured price reduction but would expect claim free years 6 - 9 make very little difference. 

My thought was that if there were an at fault claim and some no claims lost that may work in my favour if I had 20 years NCB. Pretty sure the at fault claim would just reduce NCB to x years regardless.

The bonus is another thing that does not need to be worried about.       

1997 black 1.6i MK1 - 4/12/2002
1991 red 1.6i Eunos - 21/9/2008

Countryboy
#13 Posted : 31 December 2018 20:12:24(UTC)
Countryboy

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 29/08/2015(UTC)
Posts: 5,273
Man
Location: In a bungalow near Upminster, Essex

Thanks: 1227 times
Was thanked: 458 time(s) in 407 post(s)

Hi rhino, in my DL documents they give an "Average NCD Table" :-

1 yr = 11%

2 yr = 15%

3 yr = 19%

4 yr = 22%

5 yr = 25%

6 yr = 33%

7 yr = 34%

8 yr = 35%

9 yrs + = 36%

COG group member

Soul Red 2015 ND 1.5l SE-L Nav. Bog standard! But still fun!!

Don't take my post as a personal attack, it's not! Just sound advice stupid!

Old enough to know better! Too old to change!!
rhino666
#14 Posted : 31 December 2018 20:41:44(UTC)
rhino666

Rank: Advanced poster

Groups: OCMember, Registered
Joined: 11/12/2010(UTC)
Posts: 3,212
Man
Location: South Devon

Thanks: 40 times
Was thanked: 770 time(s) in 732 post(s)

Hi Countryboy

Have a feeling that the discount is generally a lot higher than that. I found this that I believe is the general situation with discounts of 75% or even 80% possible.

At the end of the day discount means nothing, the figure at the end is all that mattersSmile  

Regarding no claims bonus and claims, this is worth a read.

 

Edited by user 31 December 2018 20:43:30(UTC)  | Reason: Not specified

1997 black 1.6i MK1 - 4/12/2002
1991 red 1.6i Eunos - 21/9/2008

 1 user thanked rhino666 for this useful post.
Countryboy on 31/12/2018(UTC)
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Powered by YAF 1.9.6.1 | YAF © 2003-2019, Yet Another Forum.NET
This page was generated in 0.768 seconds.