mplavery Posted May 6, 2020 Share Posted May 6, 2020 Can anyone answer some questions for me as I just don’t understand how this works 1) Why is it that if I have NCB on 1 vehicle it does not count on any other vehicle (Unless they decide to mirror then it actually does count) but not really count Doesn’t NCB stand for experience on the road and if you had no accidents?? 2) Why is it that they say you have 12 years NCB but if you have an accident you end up with 3 as they only count 5 Years for full discount .. just say I have max 5 years if that’s the case This of course can very from some company’s as SOME Can decided to have 6,7 years max discount.. so god knows how much you end up with if you an accident On the Subject of NCB, this of course all can be avoided with a little back hander of £30 or so to be protected , How does that bloody work 3) why do accidents last for 5 years on your recorded weather it’s your fault or not .. 5 years !!!! I think you get less prison time doing a small robbery 4) How the hell does someone’s insurance can lower when they add a second driver ??? So though it could be on the road more then one driver it’s can be cheaper lol But If you do It the other way round it’s more expensive Quote Link to comment Share on other sites More sharing options...
jamesmark Posted May 6, 2020 Share Posted May 6, 2020 5) Why do points stay on your premium for 5 years, when you can legally remove them from you licence as they are not valid after 3 years. Oh yeah, like everything insurance related it is about money and money only. To make profit and to cover costs i.e. this blame and claim culture we seem to have adopted at an alarming rate from the Yanks. Quote Link to comment Share on other sites More sharing options...
mc92 Posted May 6, 2020 Share Posted May 6, 2020 Because insurance is mandatory and they pay the govt enough in bribes that they'll never look into their monopolistic scummy business practices. 1st question sounds like something to do with your policy? For me it's always been linked to my person and not my vehicle. Quote Link to comment Share on other sites More sharing options...
jamesmark Posted May 6, 2020 Share Posted May 6, 2020 1st question sounds like something to do with your policy? For me it's always been linked to my person and not my vehicle. Adrian Flux only used my NCB one one of my cars, even though I went with them for 2 of my cars this year. So full NCB on one and zero on the other as only recently got the car. Quote Link to comment Share on other sites More sharing options...
mplavery Posted May 6, 2020 Author Share Posted May 6, 2020 5) Why do points stay on your premium for 5 years, when you can legally remove them from you licence as they are not valid after 3 years. Oh yeah, like everything insurance related it is about money and money only. To make profit and to cover costs i.e. this blame and claim culture we seem to have adopted at an alarming rate from the Yanks. Forgot about points ! I wonder if any of this one year will be investigated but like PPI lol QUOTE=mc92;4318537]Because insurance is mandatory and they pay the govt enough in bribes that they'll never look into their monopolistic scummy business practices. 1st question sounds like something to do with your policy? For me it's always been linked to my person and not my vehicle. No it was the protective no claims which got me lol Quote Link to comment Share on other sites More sharing options...
Noz Posted May 6, 2020 Share Posted May 6, 2020 Your statistically more likely to have an accident if you've been involved in one. Regardless of fault. So they make you declare it. Quote Link to comment Share on other sites More sharing options...
Dnk Posted May 7, 2020 Share Posted May 7, 2020 (edited) No point in trying to figure it out I have 16 years of no claims etc on my Range Rover policy but check out the table i've posted Edited May 7, 2020 by Dnk (see edit history) Quote Link to comment Share on other sites More sharing options...
mplavery Posted May 7, 2020 Author Share Posted May 7, 2020 No point in trying to figure it out I have 16 years of no claims etc on my Range Rover policy but check out the table i've posted Lol I can never remember how many NCB I have due to having 3 vehicles.. if they all take no more than 5 it be much easier to remember lol Quote Link to comment Share on other sites More sharing options...
Safely Insured Posted May 7, 2020 Share Posted May 7, 2020 I'll answer these for you. 1. NCB can only be applied to one policy at a time, but as you pointed out, a fair few brokers/insurers will 'mirror' the discount meaning you are no financially worse off for any additional policies you may take. - NCB is just that - A bonus (or discount) for No Claims being made. What counts is any claim against your policy. When you receive a quote, the question will be worded to account for accidents, claims, losses, irrespective of fault or whether or not a claim was made, to ensure everything is accounted for. So whether you had a crash while driving, your car caught fire, or was the subject of vandalism, it all needs to be reported. A good reference is it's not called No Blames Bonus, but No Claims Bonus. 2. What you are referring to there is the maximum NCB that some insurers recognise, and what you'll be knocked back to if you make a claim against your policy. Some see 5 years as Max, some 9, and some unlimited. Ultimately, there shouldn't be a cost difference between them, as the discount they represent should be the same, and if you make a claim, the amount your NCB is reduced by shouldn't change either. For example, you could be knocked back to 3 years from 5, 9, or any other figure. - Protected NCB means that if a claim is made against your policy, your NCB is not reduced. Some make the argument that your premium will increase anyway, which may be true, but it wont increase as much if you had protected NCB. Why? if you have 5 years, or Maximum, this equates to a discount of approximately 65-70%. If you're reduced to 3, that could be a discount of 45-50%. (discounts vary between insurer). However, it's worth noting that repeated claims against your policy will likely result in the protection being removed. 3. To help the insurer form an understanding of the accident frequency/trends of an individual. However, some insurers don't apply a charge on your premium for claims against your policy if they're over 3 years old. 4. Quite a while ago, certain mainstream insurers would lower the rate of your policy if a low-risk driver was on there. This has since become a hit-and-miss money saving technique. Most specialist brokers (like us) don't provide any discount for low-risk drivers as we know it's not always an accurate reflection of actual circumstances. Our prices are rated on the highest risk driver, and to go a bit further, some of our insurers prefer less drivers when it comes to a cherished car policy, but we'd always give the cost difference, if there was one. 5. Points. We only take details of convictions that are currently endorsed on one's licence. If it isn't on there, we're not interested. I can't speak for the industry as a whole, though. Bear in mind, each company is strictly regulated and is answerable to the FCA. I hope this helps, but feel free to contact me if you need anything else. Thanks, Alex Quote Link to comment Share on other sites More sharing options...
Nash Posted May 22, 2020 Share Posted May 22, 2020 It annoys me that NCB is only applied to one vehicle but a claim is appled to as many vehicles that you own ! Quote Link to comment Share on other sites More sharing options...
charlton Posted May 22, 2020 Share Posted May 22, 2020 It annoys me that NCB is only applied to one vehicle but a claim is appled to as many vehicles that you own ! Quote Link to comment Share on other sites More sharing options...
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