Printable Version | Subscribe | Add to Favourites
New Topic New Poll New Reply
Author: Subject: Preserving no claims discount bonus without a car (2 year expiry)
hobbsy

posted on 6/1/18 at 06:55 PM Reply With Quote
Preserving no claims discount bonus without a car (2 year expiry)

Hi

Does anyone have any cunning ways to achieve this?

I have a policy in which it will lapse in the future but no vehicle to insure to preserve it. Ordinarily it will lapse after two years.

Ive googled a bit and there are some suggestions you could insure a car twice (I.e one that I donít own)

Any other ideas?

Itís about eight years worth and I will need it in the future.

View User's Profile View All Posts By User U2U Member
nick205

posted on 6/1/18 at 07:08 PM Reply With Quote
Currently being unable to drive or insure due to epilepsy this worries me too. I've now gone just over 3 years and the research I've done indicates I've already lost the 10+ years NCD I had. It seems if I get a license it'll be incurring fairly high insurance premiums.

If you or others have any input I'd be pleased to hear it as well.

View User's Profile Visit User's Homepage View All Posts By User U2U Member
hobbsy

posted on 6/1/18 at 07:11 PM Reply With Quote
On a random thread somewhere aviva was mentioned as letting you get away with three years but pretty much everything else Iíve read says two.

Iím hoping a broker will comment as there are a few in here right?

View User's Profile View All Posts By User U2U Member
martin500

posted on 6/1/18 at 07:58 PM Reply With Quote
My brother wanted to borrow my motorhome but was unable to take out his own insurance because he was told you cannot have two insurance policies on the same vehicle, I questioned this with my own insurers and they agreed.

I wouldn't worry too much about NCD, I lost my NCD on one of my policies after my Land Rover was stolen but when I replaced it the insurance didn't change by much. Annoyingly it meant I lost the NCD on my other 2 policies but that didn't increase them by much either.

View User's Profile View All Posts By User U2U Member
hobbsy

posted on 6/1/18 at 08:14 PM Reply With Quote
I beg to differ when it's a normal car, i.e. not a classic or a kit or a low risk vehicle like a Land Rover. Lot's of those policies don't require or accrue NCB.


For normal policies 8 years NCB and is likely to give around a 60 or 70% discount vs. having none. Hence I'm keen not to lose it.

View User's Profile View All Posts By User U2U Member
CosKev3

posted on 6/1/18 at 08:27 PM Reply With Quote
If you really think it's worth keeping the NCB buying a £100 shitter is probably the easiest way of doing it and insuring that?
View User's Profile View All Posts By User U2U Member
jossey

posted on 6/1/18 at 10:30 PM Reply With Quote
Insure a kit car for someone mine was £104 a year.

David





Thanks



David Johnson

Building my tiger avon slowly but surely.

View User's Profile E-Mail User Visit User's Homepage View All Posts By User U2U Member This User Has MSN Messenger
HAL 1
Builder






Posts 224
Registered 5/2/06
Location bolton
Member Is Offline

Photo Archive Go!
Building: Built haldane 100, retirement project Marcos GT

posted on 6/1/18 at 10:58 PM Reply With Quote
I also lost my no claims bonus due to illness, and it really wasn't too bad when It came to insurance later, that's on an ordinary car.
I'm guessing that because I didn't lose my licence through a ban then it's different, maybe ??

View User's Profile Visit User's Homepage View All Posts By User U2U Member
martin500

posted on 7/1/18 at 01:03 AM Reply With Quote
quote:
Originally posted by hobbsy
I beg to differ when it's a normal car, i.e. not a classic or a kit or a low risk vehicle like a Land Rover. Lot's of those policies don't require or accrue NCB.


For normal policies 8 years NCB and is likely to give around a 60 or 70% discount vs. having none. Hence I'm keen not to lose it.


Maybe it is my age but my BMW 330 insured for 20,000 miles per annum including business use was £220 after declaring the theft of my Land Rover, strangely my kit car with 5.000 miles is the same price.

View User's Profile View All Posts By User U2U Member
SteveWalker

posted on 7/1/18 at 09:10 AM Reply With Quote
Buy a wreck, keep it off road and sorn it?

If you find the right company you can pay very little insurance and still keep the no claims.

About 9 years ago my wife was unable to drive due to illness. We sorned the car and phoned the insurance company to cancel the insurance (Directline I think). They advised us not to cancel, but to drop the insurance to just cover fire and theft, without cover for driving, which cost about 7 pounds a month. Not only did it maintain her no claims and cover the car in case something happened to it, but it still added fresh years no claims for the two years it was off the road!

View User's Profile View All Posts By User U2U Member
chillis

posted on 7/1/18 at 03:47 PM Reply With Quote
The whole motor insurance stinks, its always been a licence to print money for the insurance industry. I had a company car and my own, when I had an unfortunate accident in the company car it affected my own ncb
A friend of mine had a company car for five years, when he went back to running his own car his ncb was gone. Apparently the underwriters assume if you are not insuring you are not driving and people stop driving either for health reasons or you've been a bad boy so the ncb is automatically deleted.





Never under estimate the ingenuity of an idiot!

View User's Profile View All Posts By User U2U Member
nick205

posted on 11/1/18 at 10:22 AM Reply With Quote
quote:
Originally posted by chillis
The whole motor insurance stinks, its always been a licence to print money for the insurance industry. I had a company car and my own, when I had an unfortunate accident in the company car it affected my own ncb
A friend of mine had a company car for five years, when he went back to running his own car his ncb was gone. Apparently the underwriters assume if you are not insuring you are not driving and people stop driving either for health reasons or you've been a bad boy so the ncb is automatically deleted.



I have to agree with this - from my position of not being allowed to drive for health reasons it stinks! They shouldn't assume someones not driving simply because they're not insuring. I only found out after my licence was withdrawn by the DVLA that not having a licence also precludes you from insuring a vehicle in your name. I understand it in some measure, but it also meant SWMBO and I got hit financially when we had to re-insure her car part way through an insurance year

View User's Profile Visit User's Homepage View All Posts By User U2U Member
nero1701

posted on 11/1/18 at 06:23 PM Reply With Quote
Iíve a spare car sitting uninsured at the moment. You could insure that if you wanted ? I sure it. Then cancel within the cooling off period ? Drop me a pm. Iirc you donít need to own the car. It does not need to be at your own address either ?
View User's Profile View All Posts By User U2U Member
hobbsy

posted on 11/1/18 at 06:57 PM Reply With Quote
That's a very kind offer.

It's not an immediate problem I was just doing the research now in case the solution (like having a buy a car) would take a bit of time.

I might take you up on it if the offer still stands when I do need the solution. Thanks

View User's Profile View All Posts By User U2U Member
pmc_3

posted on 12/1/18 at 12:28 PM Reply With Quote
I've got a company car and was worried about losing my NCB. I got Adrian Flux to attach it to my kit car policy, i'm not acrewing more because of the type of policy but it's keeping it live.
View User's Profile View All Posts By User U2U Member This User Has MSN Messenger
morcus

posted on 12/1/18 at 03:26 PM Reply With Quote
There is a difference between NCB and your claims history and the second one seems to have way more effect. I know a lot of people who've lost the NCB from things other than claims and its had very little effect. You might find the money you pay to insure something just to keep the bonus is more than you'll save when you get another insurance policy.





In a White Room, With Black Curtains, By the Station.

View User's Profile View All Posts By User U2U Member

New Topic New Poll New Reply


go to top






Website design and SEO by Studio Montage

All content © 2001-16 LocostBuilders. Reproduction prohibited
Opinions expressed in public posts are those of the author and do not necessarily represent
the views of other users or any member of the LocostBuilders team.
Running XMB 1.8 Partagium [© 2002 XMB Group] on Apache under CentOS Linux
Founded, built and operated by ChrisW.