- Jul 13, 2003
- Peugeot 403 Convertible
Seems you were lucky not to see your original premium increase, in addition to the reduced NCB.
Mine was a theoretical case, I've not needed to claim on my insurance.
The whole point of NCB is to reward you for not having made a claim (although some cynical souls would claim that it's all a 'smoke and mirrors' marketing ploy anyway). So, unless it's protected, your discount percentage will indeed be reduced following a claim.
However, that's completely separate form your risk profile and the other factors that determine your premium in the first place.
You say in your first para that the NCD will deal with the higher premium as a result of reducing the discount, which seems fair enough, but then in your second para say the premium alters irrespective of the NCD.
That doesn't make sense.
The discount is to rewards a driver that doesn't claim, so is reduced for making a claim.
For a given vehicle, driver age, location, etc, the base premium remains the same, just the discount alters.
To add more.
When I first took insurance on my own car after company cars I was quoted a price based on having had a claim within 3 years.
When it came to presenting proof of claims history there was another unresolved claim showing (which I thought had been resolved in my favour). This reduced the discount to zero but didn't increase the actual premium from the start price before NCD was attached.
p.s. Two years later the claim was resolved in my favour and I recouped over £1000 paid in additional premiums.