A No-Claims Bonus question

[big_g]

When did you take out the second policy and can you cancel it due to it being mis-sold? Can you prove it was mis-sold?

 

Unfortunately the NCB transfer is true as I found when insuring a van. However, it seemed to me that most insurers went on risk rather than no claims bonus. This is why they ask how many claims and non-fault accidents you have had. Some will give a free year NCB. My van insurance came out just more than my car insurance - one with 9 years' NCB - one with 1 year.

 

Talking of non-fault accidents, even those push up the price. Someone ran into the side of me (in the van) and this pushed up my premium when I came to shop around for new quotes for the car. However, when it happened I never mentioned it to the car insurance people - I wonder if this invalidated my car insurance?.

 

Also, if you are married - see if it makes a difference adding your other half onto the policy. Strange but, adding the missus on brought my policy down for me.

 

G

[Rupert_Baehr]

"When did you take out the second policy and can you cancel it due to it being mis-sold? Can you prove it was mis-sold?"

 

Just tell them they sold you a pup, shout loud and say "I want my my money back"

 

then find an insurer (or a broker) who will actually listen to you and quote you for what you want! - You can hardly blame the insurer for not knowing that you had a very low mileage specialist car which would be used once in a blue moon if you didn't declare it!

 

There are insurers who can provide exactly ehat you want. but (with the greatest of respect to that blind old bugger the Admiral or the Nodding Dorky Dog) they're not at 'the top of the list'.

 

Specialist insurance is not expensive (I pay pennies for some of my vehicles) but it does pay to find insurers who understand the risk!

 

Call around.

[quisquose]

"When did you take out the second policy and can you cancel it due to it being mis-sold? Can you prove it was mis-sold?"

 

Just tell them they sold you a pup, shout loud and say "I want my my money back"

 

then find an insurer (or a broker) who will actually listen to you and quote you for what you want! - You can hardly blame the insurer for not knowing that you had a very low mileage specialist car which would be used once in a blue moon if you didn't declare it!

 

There are insurers who can provide exactly ehat you want. but (with the greatest of respect to that blind old bugger the Admiral or the Nodding Dorky Dog) they're not at 'the top of the list'.

 

Specialist insurance is not expensive (I pay pennies for some of my vehicles) but it does pay to find insurers who understand the risk!

 

Call around.

 

This is what I will be doing later.

 

I phoned up my current insurer originally, Churchill, and they were on another planet, quoting me more than the car we actually drive in. This despite the fact that we have been with them for many years and we have never made a claim.

 

So I rang a company that claimed to specialise in classic motor insurance, asking for, well, classic motor insurance. The idea behind classic car insurance is that the car usually stays in a garage, does very few miles, only comes out on sunny days, usually only does 30 mph, and are usually owned by safe enthusiastic drivers who don't want to thrash their pride and joy, and rarely result in claims.

 

I discussed all this with the sales guy, and all seemed okay. He did ask if I had full NCB, and I did answer yes. He knew at the time that I had just bought this car as an extra plaything, so he should have known that it wasn't previously insured by me.

 

When I ring later I half hope that they play silly buggers and want to put the price up. It'll give me the opportunity to have a good rant, demand my money back, and slam the phone down. It is Friday after all.

 

Besides, I now know that I can insure it cheaper elsewhere.

[smithy266]

c'mon then, what's the classic you have bought?

[Darth Vader]

They're trying it on. They'll try and match any other quotes you can put their way. Tell them they either 'better' them, or you're switching on prinicipal. Be warned though, they've probably worked penalities in to your policy for moving - so ask those you're getting quotes from if they'll cover any 'switching' fees that your existing company have chosen to invent at your expense.

[quisquose]

They're trying it on. They'll try and match any other quotes you can put their way. Tell them they either 'better' them, or you're switching on prinicipal. Be warned though, they've probably worked penalities in to your policy for moving - so ask those you're getting quotes from if they'll cover any 'switching' fees that your existing company have chosen to invent at your expense.

 

I have no intention of cancelling or switching for that reason.

 

I also have no intention of paying more either. They can cancel it if they want to, and give me my money back.

 

But then do I have to reply yes to the question "have you ever been refused insurance?". Damn, I hate the insurance business.

[WeX]

I have just received a letter telling me that my no-claims bonus is invalid, because the evidence I provided was for a different car - the car that I actually drive. The company is telling me that no-claims bonus is applied to each car individually, and not the driver.

 

This seems odd to me, are they correct? I will be ringing them tomorrow.

 

So by this logic you would lose your no claims every time you change car

[convert]

As I understand it NCB is applied to only one Vehicle (unless on a multi car policy with the same insurer). However most specialist insurers that deal with classics don't work the same way as mainstream companies.

 

My TVR is insured with RH Specialist insurance for 3K miles per year, with breakdown and recovery for UK and Europe included.

 

The cost is £108 this year.

 

Conditions of the policy are that the car is garaged, and that I have another vehicle for everyday use.

[quisquose]

As I understand it NCB is applied to only one Vehicle (unless on a multi car policy with the same insurer). However most specialist insurers that deal with classics don't work the same way as mainstream companies.

 

My TVR is insured with RH Specialist insurance for 3K miles per year, with breakdown and recovery for UK and Europe included.

 

The cost is £108 this year.

 

Conditions of the policy are that the car is garaged, and that I have another vehicle for everyday use.

 

Pretty much the same with me and Lancaster, only it's £165. I thought it was okay at the time, but since realised I could have got cheaper.

 

I thought it was odd when the insurance docs arrived and it asked for proof of NCB. I thought it was odder when I received the letter that said my proof wasn't valid.

 

Maybe check out RH if the lady I phone turns out to be some jobsworth.

[Cyclone]

if i have understood you, since when has a car had a no claims bonus

 

The driver carries a no claims bonus, but in most cases it is only valid for 1 vehicle at a time. As a driver you could have no claims more than once if you have been insuring 2 cars, and they could in the future be used against two different cars.