No claims lost for two years, but only with that company?

[scott808]

Is it true that if you lose your no claims bonus with a company which has a policy of taking two years no claims from you for a fault claim or theft and after that first year you switch to a different company, say with a policy of only removing one year, you can then gain a first years no claims bonus again at the end of that year?

 

Regards

Scott808

[unclebulgaria67]

Is it true that if you lose your no claims bonus with a company which has a policy of taking two years no claims from you for a fault claim or theft and after that first year you switch to a different company, say with a policy of only removing one year, you can then gain a first years no claims bonus again at the end of that year?

 

Regards

Scott808

 

No, because the renewal proof from the previous company will show the relevant level of NCB reduced by 2 years. You don't suddenly gain a year, because the new company only deducts 1 year for a fault claim. You will only gain a year with the new company, once you had a years Insurance with them with no claims.

 

People always get a bit obsessed by discount levels, It always amuses me when a company offers a maximum no claims discount of 75% or whatever. Well if the gross premium is more than double that of a rival Insurer, then the extra discount they might offer, won't necessarly make them cheaper.

 

It is just a case of providing accurate information and trying to get the best premium you can.

[scott808]

Oh no that's exactly what I meant, so I could start gaining no claims bonus again and have a years by the end of the two if I switched company rather than stay with the one that I claimed with.

 

I am actually disabled so being able to afford car insurance and staying mobile is very important to me and it seems to have gone up everywhere this year for myself by around £250 so something like that would be very helpful.

 

Thanks for your help,

scott808