Insurance Products - would you like to see something new??

[Pixelfill]

I have to say that's damn right wrong. You SHOULD be able to use the full and highest NCB on both cars. Have you tried insuring each car with a seperate insurer? Get the full claims exp confirmation from previous insurer/broker, ask for it twice, send across to both insurance companies and that should be proof enough.

 

Is this true?

 

How come if I have 3 cars (yes I do) all insured in my name through the same broker, (two through the same insurer) I have 3 levels of NCB?

 

8 (this should be 10 but due to the way some companies treat NCB it's capped ) years on the Supra

3 years on one Fiesta

and 1 years on another Fiesta,

 

each based on how long I have owned the respective vehicle.

 

Mike

[mawby]

That's a bit of a bummer, but the real rub is if/when I have an accident. Both sets of NCD get knocked by a single accident. I'd have to declare it when renewing both insurances, and unless I've got my NCD protected, the NCD level will suffer.

I don't think that is true though, because you have only claimed against one insurer and not the other, so only one set of NCB will be reduced. However, I agree that both policies will see a hike in premium due to you having to declare the accident to both companies.

[Matt H]

Is this true?

 

How come if I have 3 cars (yes I do) all insured in my name through the same broker, (two through the same insurer) I have 3 levels of NCB?

 

8 (this should be 10 but due to the way some companies treat NCB it's capped ) years on the Supra

3 years on one Fiesta

and 1 years on another Fiesta,

 

each based on how long I have owned the respective vehicle.

 

Mike

 

O.M.G

 

..... you have too fiestas?!

[Sheefa]

That goes against what every other insurance company or broker has told me. An example here of how I've understood NCB's to work.

 

Mawby, see what I said above about approaching 2 insurers for separate quotes. The whole point of a multi-vehicle policy is you have the same features and benefits at a discounted rate, and therefore the insurer should combined the premiums for both vehicles and apply the NCB to the overall figure. I know first hand that this can be done as I have seen it in our PL division.

[Matt H]

I think (from my own logic) that if you use 8 years no claims on more than one vehicle, then write that one off, you'll still be able to use that 8 years no claims if you don't crash the other one. Basically, if you have more than one car you could prossibly never be able to loose it.

[creative]

short term policys that are reasonable for high powered cars.

 

I wanted to insure my skyline for 3 months but couldnt get a policy to cover me that didnt cost the same as a years term... each month! I didnt go for the year policy due to the fact im going to australia in sept but it would have been nice to drive my car until I went without any penalties imposed.

[tbourner]

I have to say that's damn right wrong. You SHOULD be able to use the full and highest NCB on both cars. Have you tried insuring each car with a seperate insurer? Get the full claims exp confirmation from previous insurer/broker, ask for it twice, send across to both insurance companies and that should be proof enough.

You can only ever get one document from your previous insurance company saying what NCB you left their policy with. All insurance companies I've dealt with demanded the original of this document to prove your NCB. Therefore you no longer have the doc to send to another company to prove your NCB entitlement.

 

I think (from my own logic) that if you use 8 years no claims on more than one vehicle, then write that one off, you'll still be able to use that 8 years no claims if you don't crash the other one. Basically, if you have more than one car you could prossibly never be able to loose it.

That would be nice, but that's not what I would want, I'd be happy with having a personal NCB entitlement, so any insurance company can look me up on DVLA and see that I've been driving for 8 years without claiming on insurance, then I can drive as many cars as I want at that level of discount. If I crash and claim they all drop by the same amount.

[Matt H]

That would be nice, but that's not what I would want, I'd be happy with having a personal NCB entitlement, so any insurance company can look me up on DVLA and see that I've been driving for 8 years without claiming on insurance, then I can drive as many cars as I want at that level of discount. If I crash and claim they all drop by the same amount.

 

It's not a suggestion, it's my assumption of why you can only have a NCB work on one vehichle and not use it on multiple ones.

[stevie_b]

I don't think that is true though, because you have only claimed against one insurer and not the other, so only one set of NCB will be reduced. However, I agree that both policies will see a hike in premium due to you having to declare the accident to both companies.

 

Ah yes, my mistake. Though it's still unfair that you can't use NCD built up on another car to insure a 2nd car.

[stevie_b]

I have to say that's damn right wrong. You SHOULD be able to use the full and highest NCB on both cars. Have you tried insuring each car with a seperate insurer? Get the full claims exp confirmation from previous insurer/broker, ask for it twice, send across to both insurance companies and that should be proof enough.

You can't. If you do, you might be giving them a "get out without paying you" clause.

With two cars, a driver will need two lots of NCB - one lot for each car. Drivers can't share a NCB earned on one car between two cars.

[SteveR]

Have you tried insuring each car with a seperate insurer? Get the full claims exp confirmation from previous insurer/broker, ask for it twice, send across to both insurance companies and that should be proof enough.

That's fraud mate!

That goes against what every other insurance company or broker has told me. An example here of how I've understood NCB's to work.

 

From Mawby's link:

With two cars, a driver will need two lots of NCB - one lot for each car. Drivers can't share a NCB earned on one car between two cars.

[snake]

IF you try to insure more than one car with the same company, they usually make the premium on the other cars so high its cheaper to go with another company.They want to share the risk with other companies.

[snake]

I think (from my own logic) that if you use 8 years no claims on more than one vehicle, then write that one off, you'll still be able to use that 8 years no claims if you don't crash the other one. Basically, if you have more than one car you could prossibly never be able to loose it.

 

All that would happen is the premium would rise from say £300

to £3000 but you would still have 8 years no claims.