Insurance rip off moving house

[Toeman]

I guess they figure you can't go far in NI 😂

having drove in England much prefer the quieter roads over her at least you are not stuck in traffic most of the time 

[fredgroves]

I guess they figure you can't go far in NI 😂

having drove in England much prefer the quieter roads over her at least you are not stuck in traffic most of the time 

Never driven in NI... driven in the Republic a bit. Hope your roads are less full of potholes than theirs lol Luckily it wasn't my car getting wrecked.

[SRGTD]

May come down once you get over the big 50 lol guess that’s ones of the benefits

But it starts to go back up again when you get much older, as older people in general have slower reaction times so represent a higher risk than a younger person with faster reaction times. However, very old people also tend to drive low annual mileages and they don’t tend to be on the roads at peak times, when the risk of accidents will be higher. So, for very old drivers (I’m not there yet ) that drive a low annual mileage, the loading that insurers will include in their premium calculations for a mature aged person will be offset to some extent by the discount they apply to reflect the low(er) annual mileage driven.

[Vwjap]

I found although LV was cheap ish the windscreen cover was something like £175-200 whereas most others were £75

[dean5125]

Figure this one out then, I moved to a nicer area last year and was lucky I ONLY got charged an admin fee of £20 for the change...… great, until I told them it was now being kept in a garage over night instead of on the drive as was before and my premium jumped up £140!!! (it's only £290 a year anyway!)

When I spoke to them it was actually cheaper to leave it on the street than in a nice secure garage because apparently when a car is stolen or damaged in a garage the costs of repair/replace are higher and it doesn't matter to them that the car is in a safer place!!

great algorithm!!

[SRGTD]

I found although LV was cheap ish the windscreen cover was something like £175-200 whereas most others were £75

It’s human nature for people to focus on the premium, but quite often, if an insurer’s premium is cheaper than the competition, there’ll be a reason;

- they impose a higher excess.
- things such a a courtesy car might not included in the standard cover.
- there may be lower limits applied to some aspects of the cover provided.

Last year when I received my insurance renewal, I went onto one of the comparison sites and got some alternative insurer’s prices. Some were quite a bit cheaper, but by the time I’d adjusted things like excess levels, courtesy car provision etc. to be (as near as possible) on a like for like basis with the renewal quote my existing insurer had given me, there really wasn’t that much in it; my existing insurer was within £10 of the cheapest well known / reputable competitor’s premium, so I stayed with my existing insurer.

Figure this one out then, I moved to a nicer area last year and was lucky I ONLY got charged an admin fee of £20 for the change...… great, until I told them it was now being kept in a garage over night instead of on the drive as was before and my premium jumped up £140!!! (it's only £290 a year anyway!)

When I spoke to them it was actually cheaper to leave it on the street than in a nice secure garage because apparently when a car is stolen or damaged in a garage the costs of repair/replace are higher and it doesn't matter to them that the car is in a safer place!!

great algorithm!!

Yes, apparently a secure garage makes it easier for a would-be perpetrator to work away on your car without being seen, so it increases the chance they’ll be successful in stealing parts off the car or getting it started and stealing it.

If a car’s parked on the street, it makes it more difficult for a would be thief to steal the keys, or with a keyless car, to intercept the key fob signal with signal amplification equipment because they don’t know which house the key fob / key is in. Parking on the street IMO would increase the risk of someone inflicting mindless, wanton damage on a car though - much easier to key a car’s paintwork when it’s parked on the street that it is if it’s locked away in a garage.

[Yusee]

I was interested to read this about parking, and tried changing from garage to driveway/street on a couple of the comparison sites. Made no difference to the best premium.

On an aside, do people feel protecting a long NCD is worthwhile.
My wife damaged a bumper while parking the family car last week - looks like she’s lost my 20 years NCD as the other party was unwilling to settle without insurance involvement. The NCD will drop to 4 years ( I think) at renewal. I’m pretty sure I had dropped the protection at some point  as I figured it was a waste of money- you get pretty much all the discount at 4 or 5 years anyway.

I have 17 years NCD on the golf- protected. Costs about £27 to protect. Though my wife doesn’t have access to this car I think I’ll keep protected given my recent experience!

[SRGTD]

I was interested to read this about parking, and tried changing from garage to driveway/street on a couple of the comparison sites. Made no difference to the best premium.

On an aside, do people feel protecting a long NCD is worthwhile.
My wife damaged a bumper while parking the family car last week - looks like she’s lost my 20 years NCD as the other party was unwilling to settle without insurance involvement. The NCD will drop to 4 years ( I think) at renewal. I’m pretty sure I had dropped the protection at some point  as I figured it was a waste of money- you get pretty much all the discount at 4 or 5 years anyway.

I have 17 years NCD on the golf- protected. Costs about £27 to protect. Though my wife doesn’t have access to this car I think I’ll keep protected given my recent experience!

Insurers always used to base their NCD on a maximum of 5 years claim free driving, so once you’ve achieved this milestone, they don’t give you extra NCD for each additional year you remain claim free. So in your position, even though you had 20 years claim free driving, your no claims discount would most likely have been based on 5 years. Anyone who doesn’t have protected NCD, if they’re on the maximum (5 years) NCD and then have a claim, their insurer will step the NCD back - my insurer provides a table in the policy document that shows what the effect on NCD years is with and without protected NCD in the event of a claim.

I’ve got protected NCD. Not sure if it’s worth having but it doesn’t add a huge amount to the overall premium. Having protected NCD doesn’t allow you to have an unlimited number of claims and still stay on the maximum discount - there’s usually a limit of either one or two claims in the expiring period of cover; if you’re unlucky enough to exceed this claim limit, then your no claims discount reduces in the same way that it would if you didn’t have protected NCD.

It’s worth bearing in mind that if you’ve got protected NCD and then make a claim, your premium is still likely to increase at the next renewal, but probably not by as much as it would if you didn’t have protected NCD.

[Yusee]

I was interested to read this about parking, and tried changing from garage to driveway/street on a couple of the comparison sites. Made no difference to the best premium.

On an aside, do people feel protecting a long NCD is worthwhile.
My wife damaged a bumper while parking the family car last week - looks like she’s lost my 20 years NCD as the other party was unwilling to settle without insurance involvement. The NCD will drop to 4 years ( I think) at renewal. I’m pretty sure I had dropped the protection at some point  as I figured it was a waste of money- you get pretty much all the discount at 4 or 5 years anyway.

I have 17 years NCD on the golf- protected. Costs about £27 to protect. Though my wife doesn’t have access to this car I think I’ll keep protected given my recent experience!

Insurers always used to base their NCD on a maximum of 5 years claim free driving, so once you’ve achieved this milestone, they don’t give you extra NCD for each additional year you remain claim free. So in your position, even though you had 20 years claim free driving, your no claims discount would most likely have been based on 5 years. Anyone who doesn’t have protected NCD, if they’re on the maximum (5 years) NCD and then have a claim, their insurer will step the NCD back - my insurer provides a table in the policy document that shows what the effect on NCD years is with and without protected NCD in the event of a claim.

I’ve got protected NCD. Not sure if it’s worth having but it doesn’t add a huge amount to the overall premium. Having protected NCD doesn’t allow you to have an unlimited number of claims and still stay on the maximum discount - there’s usually a limit of either one or two claims in the expiring period of cover; if you’re unlucky enough to exceed this claim limit, then your no claims discount reduces in the same way that it would if you didn’t have protected NCD.

It’s worth bearing in mind that if you’ve got protected NCD and then make a claim, your premium is still likely to increase at the next renewal, but probably not by as much as it would if you didn’t have protected NCD.

Yes, I think if something like 9 or 10 years, I would protect- as I did for many years. Beyond that, I do get the feeling it's a tactic to increase premiums- by nearly 10 percent at times. As you point out, they still take into account claims history when setting premiums even when NCD is protected, which to me would suggest that it isn't in fact a "protected no claims discount".

[SRGTD]

Yes, I think if something like 9 or 10 years, I would protect- as I did for many years. Beyond that, I do get the feeling it's a tactic to increase premiums- by nearly 10 percent at times. As you point out, they still take into account claims history when setting premiums even when NCD is protected, which to me would suggest that it isn't in fact a "protected no claims discount".

I think the discount will still be protected after you’ve had a claim, and the premium calculation algorithms will still apply the maximum no claims discount within the premium calculation. However................there’s very likely a separate risk factor within the calculation for number of claims in the expiring period of cover, and if you’ve had a claim, then that risk factor will apply a loading to the premium.

So technically, you’ve retained your full no claims discount but insurers will have other ways and means of increasing your premium!