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Swine&Small



Member Since: 20 Mar 2017
Location: Norfolk
Posts: 1223

United Kingdom 
No Claims Protection
For years now I have paid for my no claims bonus to be protected in the event of a claim. It has become a habit which I had not really thought about. This time the young lady at the brokers asked why I was paying this and I gave the usual reply accidents etc etc.
She has informed me that it is true if I had an accident that my no claims bonus would be kept the same, but that my base premium could double or treble so I was therefore wasting my money. Surprised
Being privileged enough to have 6 cars between Small and myself , the expenditure on this 'protection ' is not inconsiderable and this scenario is not what I had expected.
It appears that my advancing years have instilled in me a sense of trust that should have been replaced with cynicism years ago. Sad old world we live in Crying or Very sad 1983 Series 3 Pick up in Marine Blue
1967 Morris Traveller
1966 Morris Convertible
2012 VW T5 Camper
Quod Abundat Non Obstat.
Post #708620 22nd May 2018 5:06pm
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gilarion



Member Since: 05 Dec 2013
Location: Wales
Posts: 5084

Wales 2007 Defender 90 Other CSW Trident Green
Just another example of why Insurance companies are all crooks. Happy to take your money but not so happy to pay out. For those who like Welsh Mountains and narrow boats have a look at my videos and photos at..

http://www.youtube.com/user/conwy1
Post #708623 22nd May 2018 5:15pm
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Rashers



Member Since: 21 Jun 2015
Location: Norfolk
Posts: 3327

United Kingdom 2014 Defender 110 Puma 2.2 USW Corris Grey
Glad someone else has realised this. Been banging on about it to anyone who would listen for years.

Thanks Swine and Small 👍

Also worth remembering is the fact on renewal, you are asked how many claims you have had and not whether you were at fault. Sad but if you had a prang which was not your fault, statistically your are still a higher risk.
Post #708625 22nd May 2018 5:26pm
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Vintagepaul



Member Since: 20 Jan 2015
Location: Rye, East Sussex
Posts: 481

2015 Defender 90 Puma 2.2 HT Santorini Black
It's a valid point but if you were to have a claim and lose your NCD you would be hit twice when it comes to renewal.

1) The base premium would increase.

2) You would have no NCD to use against this higher base premium

You could have a scenario where you are paying £1000 gross premium at the moment which is reduced by 60% with your NCD to bring it down to £400 but say you made a claim and didn't have your NCD protected your base premium then doubled to become £2000 with no NCD to apply.

You are then in a situation where had you still had your protected NCD you would still have 60% to take off the base premium bringing it down to £800..

I think the NCD is still well worth protecting Thumbs Up 2015 Defender 90XS HT
Post #708626 22nd May 2018 5:27pm
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JOW240725



Member Since: 04 May 2015
Location: Suffolk
Posts: 7866

United Kingdom 2012 Defender 110 Puma 2.2 XS CSW Orkney Grey
I was not aware of this! Shocked So thank you for raising it!

Sounds like it's the new PPI scandal! James
MY2012 110 2.2TDCi XS SW Orkney Grey - http://www.defender2.net/forum/topic43410.html
MY1990 110 200TDi SW beautifully faded Portofino Red - https://www.defender2.net/forum/post743641.html#743641
MY1984 90 V8 Slate Grey - https://www.defender2.net/forum/post744557.html#744557
Instagram @suffolk_rovers
Post #708628 22nd May 2018 5:39pm
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blackwolf



Member Since: 03 Nov 2009
Location: South West England
Posts: 16808

United Kingdom 2007 Defender 110 Puma 2.4 DCPU Stornoway Grey
I have never insured my NCD (which is what protecting it amounts to) for precisely this reason. It has always seemed a scam to me.
Post #708631 22nd May 2018 5:45pm
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zsd-puma



Member Since: 09 Aug 2016
Location: Kent
Posts: 2720

United Kingdom 2010 Defender 110 Puma 2.4 USW Santorini Black
it also depends on what your policy says they do in the event of a claim.

I had a claim about 10 years ago, I only lost my no claims bonus for a year, then it went back to what it was before.

It's like small claims below lets say £500 over your excess, they're not worth making a claim. Because while the insurer will pay out the £500 without issue, the following year they'll likely put your premium up by £500 on renewal.
Post #708657 22nd May 2018 7:45pm
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Procta



Member Since: 03 Dec 2016
Location: Sunderland
Posts: 4908

United Kingdom 
do no claims really count? I went through some old paper work on sunday, Cleared a hell of a lot of old Bank statements and a few insurance policies. Laugh is what I am paying now for the defender, is exactly the same as I was paying for the 306 back in 2013! and the 306 is now gone back to what I was paying for the metro back then! so in a space of 5 years, everything has just came to a stand still and then jumped back up again. Peugeot has had a 20quid increase, from last year. The defender went down a little less, than quoted and that was only due me kicking up a fuss about the £20 increase on a car that's now retired as a daily! Defender TD5 90 ---/--- Peugeot 306 HDI hatch back

Success is 90% Inspiration and 4 minutes Preparation # you can make it!
Post #708697 22nd May 2018 11:05pm
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ian series 1



Member Since: 17 Nov 2014
Location: south
Posts: 3127

United Kingdom 2008 Defender 90 Puma 2.4 CSW Bonatti Grey
I’ve recently found that insurance quotes Vary wildly from the end of one month, to the beginning of the next!
Must be to do if they have had a bad or good month?

Go try it. Wink 80" 80" 86" 88" 90"

Wanted, Forward Control Anything considered.
Post #708710 23rd May 2018 6:17am
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discomog



Member Since: 09 May 2015
Location: Notts/Lincs Border
Posts: 2494

United Kingdom 2015 Defender 90 Puma 2.2 XS CSW Santorini Black
Yes Ian, everything is driven by targets and bonuses in todays business world. I've found that the last working day of the month is the best time to do your final price negotiation. Even if they are above target for that month, some salesmen like to hold back your order for a day so they have a good kickstart for the next month. Defender 90XS SW
Mini Countryman Cooper S
Morgan Plus 8
Post #708713 23rd May 2018 7:18am
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