NCB protection and Outsurance

C

Chef

Registered User
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Hi,

Im shopping around for motor insurance at the moment and Outsurance have come back with a competitive quote.

They say that they don't take NCB into account when calculating premiums. I usually get comprehensive insurance with full NCB protection and have a full NCB now. I queried how this would work if i switched to them. I was advised that if I was switching to another company next year, they would give me a letter indicating that i had no claims whilst with them and i could use this in addition to the NCB I have at present.

That seems all well and good if i have no claims in the next year (or while I am with Outsurance) but if I were to need to claim I would appear to be losing my previous NCB then as I wouldn't have any protection on it.

Any thoughts on this?
 
Your NCB is only valid up to a claim ( unlress you have NCB protection / stepback ) - and it's only with the current insurer and that poliicy anyway.

If you have a claim with insurer A and move to insurer B, you need to state that you had a claim in the last X years. Any protection that you had on your NCB is not carried forward from insurer A to insurer B.
 
Oh right - i wasnt aware that the NCB protection only stays effective with the current insurer.

That said, it is still a disadvantage not having it at all. If I had a claim with my current insurer with the protection, i'd still get a decent quote the following year from them Id imagine.
 
If you plan on staying with the same insurer, there might be some benefit in renewal costings, but as soon as you leave that insurer, the question "Have you had any claims in the last X years" needs to be answered and that will probably result in a higher premium.

I wouldn't have much faith in the insurance company, not to increase your renewal costings in some way, regardless of having a NCB protection.
 
Chef said:
Oh right - i wasnt aware that the NCB protection only stays effective with the current insurer.
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A no claims bonus is just a binary thing, either you have made a claim in the last X years or you haven't.

Many mistakenly believe that a no fault claim won't affect it or that a protected NCB will ensure you avoid a loading or enable you to shop around as if you had not made a claim in the relevant period.
 
My wife had a claim 2 years ago but had protected no claims bonus. Changed insurer and they honoured the protected no claims . Have done this 2 years in a row with zurch and fbd and no problem . You still need to declare the accident but have 75% no claims discount this year. I was surprised but checked it out and this is how it works.
 
JoeRoberts said:
My wife had a claim 2 years ago but had protected no claims bonus. Changed insurer and they honoured the protected no claims . Have done this 2 years in a row with zurch and fbd and no problem . You still need to declare the accident but have 75% no claims discount this year. I was surprised but checked it out and this is how it works.
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It would be interesting to run the quotes with and without declaring the claim. I suspect the base price of the quote where the claim was disclosed would be higher.
 
Leo said:
It would be interesting to run the quotes with and without declaring the claim. I suspect the base price of the quote where the claim was disclosed would be higher.
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Maybe but premium looks decent at 490 for 7 seater mpv comprehensive with named driver and premium for ncd protection.
 
Chef said:
They say that they don't take NCB into account when calculating premiums. I usually get comprehensive insurance with full NCB protection and have a full NCB now. I queried how this would work if i switched to them. I was advised that if I was switching to another company next year, they would give me a letter indicating that i had no claims whilst with them and i could use this in addition to the NCB I have at present.
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I'd be asking a few more questions about this, normally a NCB has an expiry date of 2 years so in two years time this is of little or no use to you
So if you change insurer in two years time will their letter of claims history be enough to keep you NCB with the new insurer or will you be starting from scratch or will you be stuck with them and their ever increasing premiums ??
 
Cervelo said:
I'd be asking a few more questions about this, normally a NCB has an expiry date of 2 years so in two years time this is of little or no use to you
So if you change insurer in two years time will their letter of claims history be enough to keep you NCB with the new insurer or will you be starting from scratch or will you be stuck with them and their ever increasing premiums ??
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The ncd accumulates with each new insurer AFAIK. So this year Zurich gave my wife a 6 year earned ncd statement even though she only had 1 year insurance with them. This was based on the 5 year earned ncd statement they got from Aviva in the previous year. I think the expiry period is there for if you have no insurance within the 2 years. Next year I expect fbd to issue a 7 year ncd statement .
 
JoeRoberts said:
The ncd accumulates with each new insurer AFAIK.
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Agree with you here but the OP said in their opening post
Chef said:
They say that they don't take NCB into account when calculating premiums. I usually get comprehensive insurance with full NCB protection and have a full NCB now. I queried how this would work if i switched to them. I was advised that if I was switching to another company next year, they would give me a letter indicating that i had no claims whilst with them and i could use this in addition to the NCB I have at present.
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So I'm just asking that they double check that the letter they get with their driving history is the same as a normal NCB
Your personal experience with Aviva and Zurich is completely different to what is been suggested here
Does an insurance company have to issue you with a NCB if it's not been used as part of the calculation of their premiums??
 
Cervelo said:
Agree with you here but the OP said in their opening post

So I'm just asking that they double check that the letter they get with their driving history is the same as a normal NCB
Your personal experience with Aviva and Zurich is completely different to what is been suggested here
Does an insurance company have to issue you with a NCB if it's not been used as part of the calculation of their premiums??
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Im a bit sceptical about the whole thing tbh. Like you said above, I think there is a good chance of getting stuck with the one company where the traditional NCB is gone.

Anyway - i got a cheaper quote elsewhere so I dont have to worry about it this time round.

THanks everyone.
 
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