toyotasuprauk Posted January 9, 2006 Share Posted January 9, 2006 Can anyone tell me how does protected no claims work with car insurance? Surely if you make a claim you cant go to another company and still say you have 4 years 'No claims' Its an extra £100 a year for me which seems a lot, what are your thoughts? Link to comment Share on other sites More sharing options...
tbourner Posted January 9, 2006 Share Posted January 9, 2006 Yeah all companies have an option now that when you fill in the accident report for an insurance quote, they ask if your accident removed your no claims bonus, and if not was it because it was protected. Basically they'll know if it was your fault or not and whether you just used the protection to get out of it. i.e.: protected no claims is only good if you stay with the same company. Link to comment Share on other sites More sharing options...
SimonB Posted January 9, 2006 Share Posted January 9, 2006 Not true. You have to declare any accidents you had in the last 3 years or whatever when you get another quote, and yes they will charge you more if you've had one, but you still keep all your no claims, and the renewal letter from your existing company will show that. If you lost your no claims you would get charged more because of the accident, AND you would have less or no no claims too. Link to comment Share on other sites More sharing options...
ivan Posted January 9, 2006 Share Posted January 9, 2006 Don't forget though - protected no claims isn't unlimited. It's usually a case of "3 strikes, you're out". Link to comment Share on other sites More sharing options...
SimonB Posted January 9, 2006 Share Posted January 9, 2006 Yeah, you get a limited number of claims in 3 or 5 years or something. Also you don't lose all your no claims if you claim without having them protected, you lose 3 years or so IIRC. You have to work out whether it's worth it or not. Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 9, 2006 Author Share Posted January 9, 2006 Now I have four years NCB I really wanted to get them protected but £100 extra is more than I was expecting. Link to comment Share on other sites More sharing options...
tbourner Posted January 9, 2006 Share Posted January 9, 2006 Not true. What isn't? That it's only worth it if you stay with the same company? Isn't that what you just said though: You have to declare any accidents you had in the last 3 years or whatever when you get another quote, and yes they will charge you more if you've had one.... Regardless of whether you have your no claims or not they will charge you more for having an accident, so what's the point in protecting it unless you stay with the same company? I know it'd be a LOT more if you lost your no claims and declared a claim, but still it's a con saying you can protect your ncb really isn't it! [RantWhileWereOnTheSubject] And what is NCB anyway!!! It's insurance FFS!!! The idea is that it's there in case you have an accident to protect you from having to shell out loads!!! But it's more worthwhile just paying the damage yourself so you don't lose your fecking NCB!!! The only reason they introduced the farse is because it's compulsory to be insured, yet another excuse to fleese us!!! [/Rant] Link to comment Share on other sites More sharing options...
JohnA Posted January 10, 2006 Share Posted January 10, 2006 NCB "protection" is just another way to rip off the mugs. Sounds too good to be true, who wouldn't want it, lol...if only! Where they pretend to be 'considering' your full (or whatever) NCB they also ask for the number of claims you've had in the last 5 (or 3) years. Nowadays most underwriters don't need to ask even, they can see in the central database. Then they base the quote on this (plus the other risk factors). They still let the victim believe that they 'honour' the NCB protection, but that's only because they hope to sell it themselves. Money for nothing. It works! In plain english: they've moved the goalposts Link to comment Share on other sites More sharing options...
TrickTT Posted January 10, 2006 Share Posted January 10, 2006 My previous car was insured by Esure, with protected no claims, and I was involved in an accident that was not my fault - someone crashed into the back of me while i was stationary at traffic lights - and they still put my premium up the next year cos i was in an accident. Needless to say i didn't stay with them for long. Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 10, 2006 Author Share Posted January 10, 2006 That really annoys me about insurance, they asked if you've had an accidents regardless of blame, so if some drunk drives into you then in their eyes it must be your fault and your price goes up? I think they just do everything possible to make you not want to claim because of the fear of your insurance going up so much, probably more than what you claimed for in the long term. Link to comment Share on other sites More sharing options...
JohnA Posted January 10, 2006 Share Posted January 10, 2006 That really annoys me about insurance, they asked if you've had an accidents regardless of blame, so if some drunk drives into you then in their eyes it must be your fault and your price goes up? it gets worse, they also ask many questions in the hope that you will NOT tell the truth. Then your money is safe with them, because there is no chance in hell for you to get a penny in case of a claim, even if it legitimate (they will just 'discover' during their 'investigations' that the details you had provided were incorrect, so they won't pay according to the terms & conditions that you've agreed to:) ) Link to comment Share on other sites More sharing options...
Supragal Posted January 10, 2006 Share Posted January 10, 2006 Once you've been in an accident you are more prone statistically. Hahaaa. Either that or they are clawing back the money they paid out for you Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 10, 2006 Author Share Posted January 10, 2006 I feel even better now about having to pay out a nice chunk of money today for something thats almost useless. Hopefully I wont have too but if I did claim they'll just get the money back from me in installments over the next five years anyway! Link to comment Share on other sites More sharing options...
JohnA Posted January 10, 2006 Share Posted January 10, 2006 In the good'ol'days the NCB would reflect a lot of your 'riskiness', so it would weigh heavily in the individual's risk assessment. Within the algorith, you were essentially penalised for not having it, rewarded for having it. So it made sense for the punters to invest time&money in building it up. But after people wised up in the way that it worked, they stopped making claims for minor accidents, so their NCBs didn't reflect their risk profile accurately anymore (the insurance companies would only see the 'big' claims out of the blue, on people with pristine records, who were paying low premiums as a result) Furthermore, people with existing claims were desperate to protect the NCB, as if it was the holy grail. So the companies oblidged, and now make money out of this 'NCB' protection con, and use the 'number of claims in the last X years' as a means of extracting the risk. Some even ask for minor accidents that you had but didn't even claim (!) Nowadays they try to penalise for lack of NCB, but ignore it if it's there (since the 'protection' means that it's no longer meaningful) Link to comment Share on other sites More sharing options...
lust2luv Posted January 10, 2006 Share Posted January 10, 2006 Some companies make claims of 70 or even 75% discount for "full" NCB. Has anyone ever tried getting a quote with no NCB and then saying "whoops I forgot I have 8 years"? I bet the premium wouldn't drop by that percentage. Link to comment Share on other sites More sharing options...
Supragal Posted January 10, 2006 Share Posted January 10, 2006 Some even ask for minor accidents that you had but didn't even claim (!) Yup you have to decalre ANY accident regardless of if a claim was made. Someone hit me nearly 3 years ago now and I still have to declare it, luckily it's not made a difference but at least I know if I did need to claim they wouldn't be able to use it against me i.e. if I hadn't told them. Link to comment Share on other sites More sharing options...
imi Posted January 10, 2006 Share Posted January 10, 2006 Good thread this....very useful... Link to comment Share on other sites More sharing options...
Trig Posted January 10, 2006 Share Posted January 10, 2006 How many years ncb do you have to have before you can protect them?? Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 10, 2006 Author Share Posted January 10, 2006 4 years before you can protect. Link to comment Share on other sites More sharing options...
Willson Posted January 16, 2006 Share Posted January 16, 2006 Does anyone else have any comments/advice on whether or not to protect ? I've just had my renewal from Tesco and they want £145 for the service. Link to comment Share on other sites More sharing options...
JohnA Posted January 16, 2006 Share Posted January 16, 2006 Protect it from what? If you make a claim then you have to say 'yes' every time you're asked for a quote. Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 16, 2006 Author Share Posted January 16, 2006 I ended up not protecting my NCB as I thought it was a bit of a con really, they wanted an extra £100 from me and like John said even if still have say 4 years NCB when you renew you will be asked if you've had any accidents in the last 5 years when you say yes the price will go up anyway. If it was about £20 I would have done it, but £100 is too much espically as my policy was £680. Link to comment Share on other sites More sharing options...
Trig Posted January 16, 2006 Share Posted January 16, 2006 But surely, the price wont go up as much if you have had a crash and have four years NC as opposed to youve had a crash and you have no NC?? Link to comment Share on other sites More sharing options...
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