No claims discount protection in car insurance ??

williamalex1

williamalex1

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Is it worth paying?
ATM I have the maximum 9 years which gives me an 80% discount, leaving £294.65 to pay.
Without the NCB protection, the cost is £262.67 [saving £32 ish
If I do have 1 claim in the next 12 months my discount goes down by 4 years to 72%, for 1 year then gradually increases yearly.
Considering I've not had a claim in over 50 years, what are the odds now :unsure::eek::devilish:
 
williamalex1 said:
Is it worth paying?
ATM I have the maximum 9 years which gives me an 80% discount, leaving £294.65 to pay.
Without the NCB protection, the cost is £262.67 [saving £32 ish
If I do have 1 claim in the next 12 months my discount goes down by 4 years to 72%, for 1 year then gradually increases yearly.
Considering I've not had a claim in over 50 years, what are the odds now :unsure::eek::devilish:
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Always worth it imo, car insurance will take you for every penny they can always good to protect it

Mine this year with the max no claims discount £650. (750 on renewal 650 shopping around) up from 460 with no accidents, claims or endorsements
 
Just doing HID's and the extra cost is only £8.92 for the year. In fact his total car insurance is cheaper this year than last. Can't be beaten either.
 
williamalex1 said:
Is it worth paying?
ATM I have the maximum 9 years which gives me an 80% discount, leaving £294.65 to pay.
Without the NCB protection, the cost is £262.67 [saving £32 ish
If I do have 1 claim in the next 12 months my discount goes down by 4 years to 72%, for 1 year then gradually increases yearly.
Considering I've not had a claim in over 50 years, what are the odds now :unsure::eek::devilish:
Click to expand...

I’ve never had a claim in 38 years of driving. Last night driving to Cumbria in a heavy snowstorm a car in front of us spun out and was facing the wrong way, I had to swerve to avoid, skidded, hit a kerb/verge at a field entrance, busted the wheel and tyre, damage to the front bumper. Police came, closed the road and we had to wait for a recovery truck (XC40 has no spare ?)
Called LV this morning to sort it, glad I have protected NCB. You just never know when an accident can happen mate.
 
If car insurance wasn't legally required, most people wouldn't have it - as with all insurances - like gambling , the odds aren't in your favour. If you want peace of mind, you take the protection that insurance offers you. If you want to make a sound decision on what is more cost efficient long term, you take your chances.
 
Fade and Die said:
I’ve never had a claim in 38 years of driving. Last night driving to Cumbria in a heavy snowstorm a car in front of us spun out and was facing the wrong way, I had to swerve to avoid, skidded, hit a kerb/verge at a field entrance, busted the wheel and tyre, damage to the front bumper. Police came, closed the road and we had to wait for a recovery truck (XC40 has no spare ?)
Called LV this morning to sort it, glad I have protected NCB. You just never know when an accident can happen mate.
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I pay the 1st £600 of any damage and my car is now only worth about 4 grand .
 
Mel Smooth said:
If car insurance wasn't legally required, most people wouldn't have it - as with all insurances - like gambling , the odds aren't in your favour. If you want peace of mind, you take the protection that insurance offers you. If you want to make a sound decision on what is more cost efficient long term, you take your chances.
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I do pay it, but I'm beginning to wonder.
 
Mel Smooth said:
If car insurance wasn't legally required, most people wouldn't have it - as with all insurances - like gambling , the odds aren't in your favour. If you want peace of mind, you take the protection that insurance offers you. If you want to make a sound decision on what is more cost efficient long term, you take your chances.
Click to expand...

Very true, and because it's a legal requirement they have us by the short and curlies
 
Each insurance company will have their own limit on how maany claims you can have before your NCB is automatically adjusted even when protected. I remember a previous Insurace co being 2 claims a year, but I don't know what my current provider is. And yes, I always have NCB, just in case:)
 
NCD protection is an odd one. I had a claim many years ago and the following year my insurance went massively North. I shopped around and it was High. I spoke to companies and they said NCD is only applicable to the Company you are insured with. Don’t know if it has changed over the years.
 
Bunkermagnet said:
Each insurance company will have their own limit on how maany claims you can have before your NCB is automatically adjusted even when protected. I remember a previous Insurace co being 2 claims a year, but I don't know what my current provider is. And yes, I always have NCB, just in case:)
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As stated, 1 claim in 12 months will result in me losing 8% of my NCB costing me approx. £30 in year one.
But I'll still be fully insured throughout and start rebuilding my NCB each year, or am I missing something
 
Problem is though Willie, as I understand it, it's the NCD that's "protected", not the premium. Any incident or claim, whether or not no fault, and they are likely to put your premium up. Once they are aware of any incident they may well consider you a greater risk so want more. Like bookies and casinos, the house never loses.
 
Pants said:
Problem is though Willie, as I understand it, it's the NCD that's "protected", not the premium. Any incident or claim, whether or not no fault, and they are likely to put your premium up. Once they are aware of any incident they may well consider you a greater risk so want more. Like bookies and casinos, the house never loses.
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Exactly,so if you have a claim the premium will go up, more than usual with or without NCB reduction .
 
Correct. There again, if the increase in premium is (say) £200, your current £160 discount on that increase will become £144 (in theory but I haven't seen it in practice).
 
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