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I have just received my insurance renewal from Aviva which is only about a fiver more than last years, so am not too unhappy (£335 - 11 plate Pug 207 Sport with courtesy car, foreign use & business use.) However I was wondering what you guys do about protecting your NCD given that they tend to load your premium now if you make a claim anyway ? I have paid to protect this for over 25 years and it is now over 10% of the premium and every year i consider if it is still worth it. What is your opinion ?
Last edited by: Skip on Mon 6 Feb 12 at 19:04
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If you have an accident the %age value of your no-claims but your basic premium will be loaded to reflect the acciden SFAIKt. Discussion and figures here
forums.moneysavingexpert.com/showthread.php?t=3201804
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The answer is simple - dont hit anything.
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I've never bothered. I take the view that they will load the premium up in the event of a claim one way or another.
Took some time explaining this to a colleague who's insurance jumped up after a claim for a broken bumper in last years snow. Think he reckoned that the excess and increased premium were not far short of what the job cost anyway. (FWIW I wouldn't have bothered with a claim, but hey ho)
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(FWIW I wouldn't have bothered with a claim, but hey ho)
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Nor me, i've sort of got a figure of somewhere between £500 and a grand before its worth claiming....always assuming you haven't got entangled with a claimsRus type with pound signs whizzing round in their eyes like a mesmerised cartoon creature.
Is that the sort of figure others would fork out themselves before making a claim?
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I know its tempting fate to drop it ! Just done a Confused.com search and Churchill came in at £274 closely followed by Privilage at £282 !
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I'm not convinced that all insurers load the premium after an accident. Back in 2008 my partner had an uninsured driver (couple of drug dealer types in an uninsured car being chased by the police) hit her then 6 month old Mazda 2. Repairs came to approx £1900 and was counted against us as an uninsured loss. Had protected NCD at time of accident, renewal due approx ten days later - when we paid approx £5 per year for guaranteed no claims discount. Our premium has not been noticably loaded since - always being in the region of £260-290 in subsequent years.
We are a Birmingham postcode, with the subsequent highish rating, and the premium last year was £ 284 (business use for both of us (and we are not married), guaranteed NCD, £50 accidental damage excess, £100 theft excess, guaranteed courtesy car). This year the renewal is £307.
Last edited by: Auristocrat on Mon 6 Feb 12 at 19:46
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I'm with Co-operative Insurance and I have a protected no claims discount. I've never seen any indication that my premium had been increased because of a claim.
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I always add on NCB protection. Not had the opportunity to find out if it works, yet.
Dad's C270CDI insurance renewal came through last week - virtually no change in premium from last year. I wonder what mine will say in May? Considering both of ours went up around 40% between 2010-2011.
Last edited by: Dave_TDCi on Mon 6 Feb 12 at 23:03
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If you have an good accident free record it normally takes two or more events in a year i.e two accidents or two minor convictions or a mixture of both for the base premium to be loaded. One accident, whilst causing loss of NCD would not increase the basic premium.
Protected NDC has no effect on the Insurers ability to increase the base premium.
Is protected NCD worthwhile? Like all insurance depends on your personal circumstances. If the cost of your car insurance is absolutely critical financially then take it. If not don't bother.
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NCD question - Meldrew
