GenerationXer
Registered User
- Messages
- 18
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I don't know how nuanced the insurance calculations are, but certainly if I have a policy with a named driver, and one without. I would expect the policy without the named driver to be cheaper. (before any NCB reduction is applied.)
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Ah OK, that's what I was wondering mostly about. So just the NCB will be affected and that's it? I presumed the calculation of my insurance before the bonus is applied would also be affected. They'd calculate my risk, which would be higher because of this accident, and then apply the reduced NCB.Your no claims bonus is a % reduction on the premium you pay. Therefore if the % reduction goes down, the premium you pay goes up accordingly. They are not different things.
As you have made a claim you will lose your bonus even though you were not driving, it’s as if you were the driver so yes you will always need to declare that when making any application for car insurance.
Could you settle the damages claim from your pocket rather than theirs ?
Are you in a position to settle the claim from your own pocket rather than theirs ?
More often than not it's the opposite ie. Reducing premium by adding a (suitable) named driver.
Every insurance company has different policy on accidentsyour premium will DOUBLE at next renewal, as you have lost your 50% NCB. You will then earn 10% per year thereafter until you have 50% again.
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