Quick ncd query

[cfoster]

I pick up my E63 Estate (a little bit excited!!) this afternoon and just in process of sorting insurance.

I currently have 15yrs ncd and when on comparethemarket the quote is coming out the same price if I tell them only have 10yrs ncd. If I take the insurance out using 10yrs ncd does this mean I can use the remaining 5 on another vehicle (I am looking at buying a daily smoker).

Thanks

 

[mat8n]

No

 

[mat8n]

You have a % of discount, most company's offer the full 60% with 5 years ncd.
It's just a bullhsit way of making it more complicated.

You have to have separate ncd on separate cars, you can't split it.

If you smoker is going to be a low insurance group you'll probably not see any difference with 3-15 years ncd, especially if you use the same company to insure it as some 'mirror' your ncd across

 

[flowrider]

No, insurance companies only recognise up to 10 years NCD.

 

[flowrider]

You have a % of discount, most company's offer the full 60% with 5 years ncd.
It's just a bullhsit way of making it more complicated.

You have to have separate ncd on separate cars, you can't split it.

If you smoker is going to be a low insurance group you'll probably not see any difference with 3-15 years ncd, especially if you use the same company to insure it as some 'mirror' your ncd across

Funny how you have to earn NCD on seperate cars but if you have an accident it affects both NCD's.

 

[cfoster]

ok thanks, wanted to double check before speaking to any companies.

Just to clarify then I can use 10yrs of my ncd on the E63 which will make the remaining 5yrs I have not being used redundant in essence? Perhaps mirroring could be an option....

It will only be a Smart Car so insurance will be peanuts, but a saving is a saving!!

 

[grober]

Funny how you have to earn NCD on seperate cars but if you have an accident it affects both NCD's.

Its because the NCD is a way of incorporating your driving profile risk into the policy. Expressed as part of car's policy it's really independent of the car itself. If you have an accident/claim in one car in the insurance company's eyes this makes you a greater insurance risk in whatever car you drive- hence the NCD loss on all your policies.

 

[PobodY]

In which case the NCD should apply to every car you insure? - If it's a measure of your liability as a driver, it's independent of the car you're driving.

 

[grober]

If not using insurance company logic yes. There are multi- car policies of course don't know if they are any better?
https://www.moneysupermarket.com/car-insurance/multi-car/

 

[Dryce]

In which case the NCD should apply to every car you insure? - If it's a measure of your liability as a driver, it's independent of the car you're driving.

Indeed.

But you might also ask what place does it have if (a) they ask for your claims history anyway and (b) the NCD can be 'protected' so may be presented as 'X' years where X doesn't reflect the claims history.

It's an industry anachronism that should really be dispensed with.

 

[PobodY]

If not using insurance company logic yes. There are multi- car policies of course don't know if they are any better?
https://www.moneysupermarket.com/car-insurance/multi-car/

I might just use that logic. - I had a multi-car policy, so my NCD is now shared equally between both cars.

If asked, I've got the maximum NCD on both of them; here's the policy document that proves it.

 

[Eddy77]

I have multi car too (admiral) and the ncd is mirrored. I pay £620 to insure my clk and mondeo all in. Not bad.

 

[markjay]

In which case the NCD should apply to every car you insure? - If it's a measure of your liability as a driver, it's independent of the car you're driving.

This is my understanding as well, i.e. the NCD applies to the driver, not to the car.

So if you are insured to drive more than one car, then your NCD will apply equally to all of the cars that you are insured to drive.

And, if you add a second named driver to your policy, then the premium you pay might change depending on the second driver's NCD (and other risk profile parameters).

This means you don't need to 'use the remaining 5 years on the other car' - because your 10 years NCD will apply equally to both cars.

This is also why a claim will reduce your NCD on all the cars you are insured to drive (unless you have protected NCD).

 

[Rayny]

A Motor insurance base premium is set based on the risk profile -i.e. The policy holder and vehicle + any named driver(s) + postcode + any previous claims/motoring convictions Etc. (in fact all of the questions you are asked when obtaining a quote). The premium may then subject to a No Claims Discount.
NCD was originally only earned when renewing a policy. - It was an incentive to stay with the same insurer.
To use NCD on more than 1 car, you would have needed to have had 2 separate policies, each of which had renewed at least once.
NCD eventually became transferable from one insurer to another - but only when a policy had expired and the NCD was no longer being used on the old policy (in the UK it can usually be transferred to a new policy, provided it is done within 2 year of the old policy expiring).
Any claims can only affect the NCD on the associated policy - You do need to declare the claim for all policies for the correct base premium to be calculated.

This has become a bit more complex because some insurers offer multi-vehicle policies, as well as some insurers agreeing to 'mirror' an NCD that is already being used on another policy.

 

[PobodY]

That's not really "motor" insurance though is it? That's "driver" insurance.

Plus any NCD discount you might have had come renewal is negated by them jacking the price after a year.

 

[Smart320]

We have our two cars owned and insured in my wife's name, she had max 10 years protected discount but 2 months before we bought the second car she had a small claim against her for a collision in our residential car park. She kept her protected no claim on her Smart but then when we bought the Mercedes she had to start at full premium, now she has 3 years n/c on the ML. This was still the case when we switched to a new multicar policy from the original two policy insurance.

 

[Rayny]

In law it is the vehicle that is being insured - It is to cover the cost of damage to any third party person or property.

Cover for damage to the policy vehicle is over and above the legal requirement - If you have a vehicle of any value, then you would want to insure it for your own peace of mind.

The details of the policy holder (and any named drivers) are to show who is the policy beneficiary, as well as being used to set the premium.

Car insurance premiums were originally set on 2 factors - the horsepower and the cost of the vehicle.
Discounts could be had for sole driver policies, and an annual renewal no claims discount could be earned.
Motorists demands for lower individual premiums, and insurers gaining information about the number and value of claims, led to lots of other rating factors.

 

[Peter103]

For years my wife has been a named driver on our cars, and we have Max. NCD. If she were to insure another car in her name only, would she be be able to claim NCD for herself , or would she be seen as a new driver and not given discount?
Oddly when we insured our works vehicles it was cheaper to include her as a named driver than
not.

 

[markjay]

For years my wife has been a named driver on our cars, and we have Max. NCD. If she were to insure another car in her name only, would she be be able to claim NCD for herself , or would she be seen as a new driver and not given discount?
Oddly when we insured our works vehicles it was cheaper to include her as a named driver than
not.

That depends on the policy.

Some policies allow the named driver to earn NCD as well, some don't (i.e. only the main driver / policy holder earns NCD).

 

[219]

I pick up my E63 Estate (a little bit excited!!) this afternoon and just in process of sorting insurance.

I currently have 15yrs ncd and when on comparethemarket the quote is coming out the same price if I tell them only have 10yrs ncd. If I take the insurance out using 10yrs ncd does this mean I can use the remaining 5 on another vehicle (I am looking at buying a daily smoker).

Thanks

I found myself in a similar position last year .

Although I've always had one 'main' car , and at times a number of other cars , the main car has built up max NCD and the other cars were generally insured on classic policies - this has generally been fine for my 'hobby' cars which didn't do high mileages and were genuinely cherished classics which were kept as near original as possible .

Some three or four years back , when I was running a C270 as my daily , it was on a normal policy , with business use etc and had full NCD . Because that car turned out to be a money pit with one thing going wrong after another , I looked to go back to an older car which would be both more reliable and easier to maintain myself - hence I picked up a late 190E and insured it on a classic policy , and ran it over a year - during which time there turned out to be a problem with the cylinder head - a known issue on the 1.8L version of the M102 .

In between , I had swapped the C270 for my R129 , and transferred the insurance with NCD to the SL . At this point I took the 190 off the road and , rather than fix the cylinder head , I decided to modify the car by putting in the 2.3L version of the M102 - basically the same engine but with a useful power and torque increase . The car was off the road approx 18 months while I did the engine swap , brake and suspension rebuild and other bits & pieces . When the time came to reinsure , none of the classic insurers would touch it ( as I expected ) due to the modifications , neither would Privilege ( Direct Line ) with whom my other car was insured , and I had no NCD to apply as classic policies don't generate NCD ( they are specialised low cost policies for low mileage vehicles ) .

I could have put the SL on a classic policy , but I like driving it too much and often use it for work , so I was looking for another policy for the 190 to start in its own right , complicated by the modifications which meant that fewer insurers would touch it . After a bit of phoning round , Adrian Flux gave me a very competitive quote , with all modifications taken into account , and agreed to mirror the NCD I had on my SL - in the end I got the 190 insured on very similar terms to the SL - unlimited mileage , business use , with full NCD - each car costing me approx £200 with different insurers .

Both Privilege and Adrian Flux have been very good to deal with , although I haven't had occasion to claim with either of them .