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General => Insurance => Topic started by: Blazing Storm on 14 December 2008, 17:00

Title: Saving NCB
Post by: Blazing Storm on 14 December 2008, 17:00

Hi peeps,

I'm probably selling my car when my insurance runs out in March and it will have gotten me my first years NCB. My question is, will I lose the 1 years NCB if I don't start another policy straight away because I might not get a new car straight away?

Cheers

Title: Re: Saving NCB
Post by: Steve_PD on 14 December 2008, 18:59

I think you NCB will last 2 years, if you dont put it to a new policy within that time you will lose it

Title: Re: Saving NCB
Post by: Blazing Storm on 14 December 2008, 20:06

So, when I end the policy do I just ask for a certificate that proves I have the 1 years NCB?

Title: Re: Saving NCB
Post by: Steve_PD on 14 December 2008, 22:08

Quote from: Evil 8 Ball on 14 December 2008, 20:06

So, when I end the policy do I just ask for a certificate that proves I have the 1 years NCB?

yeah and it should last up to two years

Title: Re: Saving NCB
Post by: Blazing Storm on 14 December 2008, 22:17

Thanks, I hope that's correct. I'll find out soon enough I suppose. :smiley:

Title: Re: Saving NCB
Post by: Steve_PD on 14 December 2008, 22:23

when you ask your insurance company for proof of no claims ask them how long its valid for  :smiley:

Title: Re: Saving NCB
Post by: martinb on 16 December 2008, 09:57

Quote from: Evil 8 Ball on 14 December 2008, 22:17

Thanks, I hope that's correct. I'll find out soon enough I suppose. :smiley:

Yeah thats correct, your no claims will be valid for up to two years (more with some companies but i wouls stick to 2years to be safe)

Martin  :smiley:

Title: Re: Saving NCB
Post by: Dec on 16 December 2008, 10:06

Martin, if i cancel a policy, will I lose my years no claims?

I'm not sure if Norwich Union will insure me on the car I want (yet to ring them up) but Bell will. Dont want to cancel it only to find I cant use my No claims anymore :undecided:

Title: Re: Saving NCB
Post by: Blazing Storm on 16 December 2008, 10:07

Cheers Martin.

I'm not sure what I'll be doing yet. It doesn't seem to make sense spending so much on car insurance when I don't drive much so I may get something cheaper to insure or stop driving for a while. Depends on renewal quotes too but can't imagine it coming down much, if at all.

:smiley:

Title: Re: Saving NCB
Post by: ben1.8T on 16 December 2008, 10:29

It last 2 years mate I checked cos I had to do the same when i was on my ban.  :smiley:

Title: Re: Saving NCB
Post by: martinb on 16 December 2008, 13:53

Quote from: Dec MK2 on 16 December 2008, 10:06

Martin, if i cancel a policy, will I lose my years no claims?

I'm not sure if Norwich Union will insure me on the car I want (yet to ring them up) but Bell will. Dont want to cancel it only to find I cant use my No claims anymore :undecided:

yeah you will lose the year you are building up  :sad: (although any full years you already have wont be affected  :smiley:)

Title: Re: Saving NCB
Post by: Dec on 16 December 2008, 13:59

Yea I have one years no claims at the moment, on my second years insurance policy but my first year with this insurer.

If I cancel and then take out a new policy, I will still get a second years no claims in say January 2010?