MegaSack DRAW - This year's winner is user - rgwb
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It's that time of year again where I discover how much a liability on the roads the UK car insurance industry considers me to be.
Having found out that my premium will go down slightly this year the next question is, is it worth paying £30 (roughly an extra 10%) to protect my no claims discount?
Yes, especially if you have a wife like mine
It is another insurance policy, insuring against a possibility of cost. It is always a balance of risk/benefit. In my case I have paid it for a long time and not gained any benefit........but I still chose to pay it. Dumb? Perhaps, but I am content.
I've always had it and always wondered whether or not is actually worthwhile. And sods law dictates that as soon as I stop paying for it I will need to claim!
And I change insurance companies every year in order to get the best deal and it's also questionable whether the new insurance company will honour my no claims bonus if I've had a claim and the protection "kicked in" keeping it intact.
Had only ever one claim for a simple shunt at a roundabout (still wonder to this day if the guy in front had slammed on brakes deliberately, but fault instantly ruled as mine).
NCD protection on policy. People saying my premium will go up next year. It went down. NCD unaffected and remains at maximum.
Direct Line I think it was at the time.
IMO no.
It's only the current company that will honour it, as your premium can still go up - ie maintain a 50% discount, but the premium is now doubled 🙂
b r - Member
It's only the current company that will honour it, as your premium can still go up - ie maintain a 50% discount, but the premium is now doubled
NCD passes on to the next company. Always has with mine. Sometimes they ask for proof.
As said, my premiums went down and claim or not, continued to go down (until I bought a higher risk car so went up obviously).
Mine's protected but it won't stop them putting your premium up if they see your risk differently. IE after a dunt.
If someone bumps into you and there's an insurance claim, you'll lose your NCD. If it's not protected, you go back to zero NCD and your premium will rocket, even if it's not your fault. Could be the difference between a £300 premium and a £1000 premium.
Nothing to do with NCD's, but someone bumped into me a few years ago and drove off. I saw it happen and reported it to my insurers. The guy realised what he'd done later on, came back, was very apologetic and paid for the minor repair without going through the insurance, so no claim. My premium went up £100 the next year, just because there was "an incident."
[i]NCD passes on to the next company. Always has with mine. Sometimes they ask for proof.[/I]
NCD does, but the poster was asking about [b]protected[/b] NCD.
If it's not protected, you go back to zero NCD
You lose 2 years (from the max of 5 - even though some companies will say it's more, the discount will level off at 5) rather than everything. Non-faults also shouldn't affect it.
The premium rising thing is the risk level (of claiming rather than crashing) changing slightly in the insurers eyes
Thanks for the replies, I'm inclined to protect it for the sake of £30 for the year.
b r - Member
NCD does, but the poster was asking about protected NCD.
Protected NCD is just an insurance. There's nothing to pass on, you just pay for protected NCD at the next insurer same as the last. What you're protecting is the same.
e.g. I have max NCD protected. I change insurer and pay the extra for protected NCD with them. I still then have max NCD, protected.