No claims bonus?

[esox]

By some completely unforseen and unexpected miracle our ancient Poogeot 307 passed its MOT today so am currently on the car insurance merry go-round.

The Poogeot is owned and insured by the wife - her name is on the V5, i`ve always been a named driver.
Wife has another vehicle which she has used her 9+ years NCD on.

Now, using the online quoting sites for the new Poogeot insurance i`m entering `0` for amount of NCD as i believe you can only use your NCD entitlement on one vehicle at a time (and the wife has it on her other vehicle).

The question is, how do insurers really know how much NCD you actually have rather than what you simply tell them over the phone or enter onto a website form, do they all have access to some kind of database or accident records with all the other insurers which would flag up any `irregularities` concerning your NCD record?

Nothing sinister going on here or trying it on with insurers, just asking the question as it came to light today in conversation..

 

[Slartibartfast]

By some completely unforseen and unexpected miracle our ancient Poogeot 307 passed its MOT today so am currently on the car insurance merry go-round.

The Poogeot is owned and insured by the wife - her name is on the V5, i`ve always been a named driver.
Wife has another vehicle which she has used her 9+ years NCD on.

Now, using the online quoting sites for the new Poogeot insurance i`m entering `0` for amount of NCD as i believe you can only use your NCD entitlement on one vehicle at a time (and the wife has it on her other vehicle).

The question is, how do insurers really know how much NCD you actually have rather than what you simply tell them over the phone or enter onto a website form, do they all have access to some kind of database or accident records with all the other insurers which would flag up any `irregularities` concerning your NCD record?

Nothing sinister going on here or trying it on with insurers, just asking the question as it came to light today in conversation..

They may ask for proof from a previous insurer

 

[AMGeed]

They may ask for proof from a previous insurer

+1

 

[ToeKnee]

Don't you get ncd on every policy? IE if you have two cars with two separate policies you should get ncd on each? In which case your wife should have at least one years with of her old policy.

 

[BTB 500]

The Poogeot is owned and insured by the wife - her name is on the V5, i`ve always been a named driver.
Wife has another vehicle which she has used her 9+ years NCD on.

As above NCD is earned per policy. If your wife is the policyholder for both the Peugeot and the other car then she will be earning NCD on both. They are separate - a claim on one policy won't affect the NCD on the other (although the premium may go up as the driver's accident/claim history has changed).

NCD entitlement is one of the things shared between insurance companies via the MIB (Motor Insurers’ Bureau, previously MID - Motor Insurance Database) to prevent fraud e.g. getting an extra vehicle and trying to use the NCD from a current policy with another company on it.

 

[Bobby Dazzler]

Ask your insurer whether they will mirror the No Claims Discount from the other car. You will then receive a discount on your premium as if you had the 9+ years NCD on this car, but if you change insurers then you will only have the NCD accrued up to that point, ie in 2 years time you’d have 2 years NCD but be paying as if you had 11+ years NCD.

 

[rf065]

They may ask for proof from a previous insurer

I cannot remember the last time I had to do that, they seem to have access to proof of NCB amongst themselves I think.

 

[BTB 500]

I cannot remember the last time I had to do that, they seem to have access to proof of NCB amongst themselves I think.

As above it's shared between the companies although this is a voluntary thing and some may not opt in (in which case you'll get asked to provide confirmation of NCD from your previous insurer).

 

[esox]

Thanks all, the reason i`ve been entering zero no claims is that i`m stating that i am now the main driver and policy holder in order to try and build up some NCD myself.

I will have to check to see what NCD she has accrued on each policy, that won`t help me if i decide to insure in my name, though..

More work to do by the looks of things. I love getting ins. quotes....

 

[Bobby Dazzler]

Thanks all, the reason i`ve been entering zero no claims is that i`m stating that i am now the main driver and policy holder in order to try and build up some NCD myself.

I will have to check to see what NCD she has accrued on each policy, that won`t help me if i decide to insure in my name, though..

More work to do by the looks of things. I love getting ins. quotes....

Some insurers may grant you NCD based upon being a named driver on another policy.

 

[fabes]

Intro NCD is a thing, esp if you can talk to an insurer who then understands you can't be omnipresent and drive both cars the same time

Wives, possibly....

 

[Rayny]

<Snipped to show the relevant point>

NCD entitlement is one of the things shared between insurance companies via the MIB (Motor Insurers’ Bureau, previously MID - Motor Insurance Database) to prevent fraud e.g. getting an extra vehicle and trying to use the NCD from a current policy with another company on it.

When did that start to happen?
How does it work - The chances of erroneous data are rather high in that what happens when a person:
Gets a new car, or changes their car registration number, or changes their name (either through marriage or deed poll), has two cars registered at different addresses Etc...

Fifteen/twenty years ago we used to have to phone the previous insurers to confirm a clients NCB - If we could not confirm in over the phone, then we would ask the policy holder to obtain written proof of NCB.
Some years ago we changed the process so that the NCB confirmation was done on only a percentage of policies, in order to save manpower and costs.

 

[BTB 500]

When did that start to happen?
How does it work - The chances of erroneous data are rather high in that what happens when a person:
Gets a new car, or changes their car registration number, or changes their name (either through marriage or deed poll), has two cars registered at different addresses Etc...

Fifteen/twenty years ago we used to have to phone the previous insurers to confirm a clients NCB - If we could not confirm in over the phone, then we would ask the policy holder to obtain written proof of NCB.
Some years ago we changed the process so that the NCB confirmation was done on only a percentage of policies, in order to save manpower and costs.

Not sure when NCD was included, but the original MID has been around for quite some time and is the source used by the Police for checking insurance details:

https://www.mib.org.uk/

 

[Dryce]

When did that start to happen?
How does it work - The chances of erroneous data are rather high in that what happens when a person:

It started happening well over 10 years go. But initially it was down to the underlying insurance group sharing information.

If you keep the same insurer or moved between insurers in different groups then you wouldn't notice a change.

It has become more pervasive since.

It is sinister. But I think the whole credit rating thing and its underpinnings is more sinister. It all needs heavy handed and punitive regulation but the politicians and many of the public seem unbothered.

 

[Bobby Dazzler]

It started happening well over 10 years go. But initially it was down to the underlying insurance group sharing information.

If you keep the same insurer or moved between insurers in different groups then you wouldn't notice a change.

It has become more pervasive since.

It is sinister. But I think the whole credit rating thing and its underpinnings is more sinister. It all needs heavy handed and punitive regulation but the politicians and many of the public seem unbothered.

Why is sharing relevant and appreciate information like No Claims Discount - and I’d add to that claims history - between insurers sinister?

Doesn’t it make sense to prevent fraud and deception? Surely it’s in the interests of the majority of customers as well as the insurer.

 

[Bobby Dazzler]

Why is sharing relevant and appreciate information like No Claims Discount - and I’d add to that claims history - between insurers sinister?

Doesn’t it make sense to prevent fraud and deception? Surely it’s in the interests of the majority of customers as well as the insurer.

Appreciate = Approptiate

Blooming spell checker…

 

[Gollom]

Appreciate = Approptiate

Blooming spell checker…

Approptiate = Appropriate

Blooming Bobby Dazzler spell checker!

 

[Bobby Dazzler]

Approptiate = Appropriate

Blooming Bobby Dazzler spell checker!

 

[chic0821]

Just re-insured the Range Rover this week & one of the questions was "who is the existing insurer, for the NCD check". Just happens to be themselves

 

[esox]

As above NCD is earned per policy

It appears that Mrs Esox has accrued NCD on both policies of 12 and 9 years respectively.
Good old Mrs Esox!

So i`ll be a named driver again.....