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Who protects their NCB? How much extra does it cost you?
http://www.x404.co.uk/forum/viewtopic.php?f=3&t=2691		 Page 1 of 2
Author:  okenobi [ Wed Sep 09, 2009 11:11 am ]
Post subject:  Who protects their NCB? How much extra does it cost you?
At the grand old age of 27 I have finally accrued 4yrs NCB after an accident in late 04. It seems I now have the option of protecting it. Is it worth it?

My renewal has come through at £599 (without protection). That's fully comp, can drive anyone else's car TPFT, 90 days European cover, any modifications allowed (except to increase power more than 10bhp) on a group 16 Skoda Octavia vRS worth around £2500/£3000, with 1 fault claim, 1 non-fault claim and 6 CD10 points from my accident (and no, I wasn't texting or using my phone ;) ).

Confused's cheapest offer is £467 without protection, or £650 with. And that's for a non-specialist, un-modified policy. That seems a hell of a jump. Thoughts?
Author:  Nick [ Wed Sep 09, 2009 11:13 am ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
How much more is the policy without the no-claims??

BTW, does a non-fault claim have an impact on the policy price???
Author:  HeatherKay [ Wed Sep 09, 2009 11:14 am ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
okenobi wrote:
Thoughts?


All insurance companies are thieving barstewards.

Sorry. That's not what you were hoping for, was it.

:lol:
Author:  okenobi [ Wed Sep 09, 2009 11:55 am ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
HeatherKay wrote:
okenobi wrote:
Thoughts?


All insurance companies are thieving barstewards.

Sorry. That's not what you were hoping for, was it.

:lol:


Not entirely. It's accurate and succinct though!

Nick wrote:
How much more is the policy without the no-claims??

BTW, does a non-fault claim have an impact on the policy price???


My no claims is supposedly a 60% discount at this point. And yeah, it would appear that even non-fault claims will load your premium, even if they don't wipe out your NCB.
Author:  Fogmeister [ Wed Sep 09, 2009 12:08 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
okenobi wrote:
My no claims is supposedly a 60% discount at this point. And yeah, it would appear that even non-fault claims will load your premium, even if they don't wipe out your NCB.

I've got 9 years NCB and this year was the first year that I protected it (mainly because it wasn't a ridiculous hike in the premium for the first time).

Any claims (apart from maybe windows/windscreens) will add to your premium if the insurance company have paid out for it. I once had someone put a claim against me (my fault) but the damage was only £400 so I paid out myself. This kept my NCB going as the insurance company didn't pay out.
Author:  l3v1ck [ Wed Sep 09, 2009 12:11 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
I protect my no claims, though I've never checked how much extra it is as I never wanted to be fully comp without it. Good job I did as I had to claim the first year I had it (I had 4 years to protect from 3rd party, fire & theft).
I know it's less than the jump you've been quoted, as this year I'm paying £293 for 9 years protected NCD, legal cover and hire car on a 1.6 2004 Corolla.
Author:  Fogmeister [ Wed Sep 09, 2009 12:33 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
l3v1ck wrote:
I know it's less that the jump you've been quoted at this year I'm paying £293 for 9 years protected NCD, legal cover and hire car on a 1.6 2004 Corolla.

WHAT!

On a 1.5 Toyota Yaris I'm paying £480 ish fully comp with 9 yearsNCB, protected NCB, no legal, no courtesy car, etc...

How old are you (out of interest?) I'm 26 so it may be an age thing.
Author:  okenobi [ Wed Sep 09, 2009 12:34 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
Well that's the thing isn't it? I think as my insurance is likely to be realtively expensive compared to most forumites with 4+ yrs of NCB maybe I should take it. If my premium was £200-300 and I was driving a less "hot" car, I probably wouldn't bother. As it is, losing my NCB on a group 16 car, whether my fault or not, would likely be expensive, no?

Oli, why protect your NCB, but not have legal or frilly bits. IMHO legal is an absolute must (having used it).
Author:  Fogmeister [ Wed Sep 09, 2009 12:37 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
okenobi wrote:
Oli, why protect your NCB, but not have legal or frilly bits. IMHO legal is an absolute must (having used it).

Good point.

I know there was a reason at the time I took it out.
Author:  l3v1ck [ Wed Sep 09, 2009 1:49 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
Fogmeister wrote:
How old are you (out of interest?) I'm 26 so it may be an age thing.
Turned 30 about a week before the policy started. Though it's been less than 400 for a couple of years now. I also have a clean driving license, my wife added on as a second driver and say I drive 12,000 miles a year. Don't know how much difference those make.

EDIT

Sorry, it's eight years NCD.

Quote:
Premium £290.85
(Inclusive of Insurance Premium Tax where applicable)
General details
Your policy start date 01/09/2009
Expiry date 01/09/2010
Policyholder is keeper Yes
Postcode where vehicle is kept xxxxxxxxx
No claims discount 8 years
Class of use Class 1 (S.D.P. + Insured In Person For Business)
Drivers Insured And Spouse
Vehicle details
Vehicle insured TOYOTA COROLLA VVTI (02 ON)
Vehicle registration xx04xxx
Estimated annual mileage 12000
Main driver details
Name xxxxxxxxx
Age 30
Sex Male
1st Additional driver details
Name xxxxxxxxx
Age 30
Sex Female
Cover details
Cover level Comprehensive
Protected No Claims Discount Yes
Legal Protection Yes
Guaranteed Hire Car Yes
Author:  Linux_User [ Wed Sep 09, 2009 1:57 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
Quote:
Premium £290.85
Sex Female


There's your answer.
Author:  l3v1ck [ Wed Sep 09, 2009 2:04 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
Linux_User wrote:
Quote:
Premium £290.85
Sex Female


There's your answer.
No, It definitely says MALE next to my name as the main driver. :roll:
Author:  Linux_User [ Wed Sep 09, 2009 2:06 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
l3v1ck wrote:
Linux_User wrote:
Quote:
Premium £290.85
Sex Female


There's your answer.
No, It definitely says MALE next to my name as the main driver. :roll:


Yes but you have a woman as your 2nd driver. If I bunged my mum on my insurance it would make it cheaper too.
Author:  Fogmeister [ Wed Sep 09, 2009 2:13 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
So what's the legality implications of adding a second driver onto a ploicy?

Do they have to actually drive the car?
Author:  jonbwfc [ Wed Sep 09, 2009 2:21 pm ]
Post subject:  Re: Who protects their NCB? How much extra does it cost you?
Fogmeister wrote:
So what's the legality implications of adding a second driver onto a ploicy?
Do they have to actually drive the car?

No, it just means they're legal should they do so. I'm a named driver on my father's car's insurance policy and I never use the car, it's just there in case of emergencies. My insurance policy means I could drive it anyway but it'd only be third party cover whereas this way, if I drive his car it's still covered fully comp.

I believe it is illegal to own a car, name somebody else as the primary driver and yourself as the secondary driver so as to reduce the cost of the premium but there's actually no legal requirement for a named second (or third, fourth etc) driver to actually drive the car at any point.

Jon
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