Can't protect NCB? Option greyed out..

SquirrelMadness

SquirrelMadness

SquirrelMadness

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Joined
30 Aug 2014
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705
..on my current insurer and on others.

I have 1 years NCB and looking to insure with Aviva as their quote for the second year is almost half of that with Swiftcover. Aviva told me I need at least 3 years NCB to protect it in the first place, is this standard for all insurers?

The co-op states you need 70% discount on your NCB to protect it - which is is achieved with 7 years NCB! Would any insurer protect NCB at 1 year? Especially one that doesn't charge crazy premiums (Tesco online quote came up to £5600 on a 2001 Focus!). Wish I had started driving sooner. Cheers.
 
It only helps to protect NCB if you have a 'fault' accident and you need to claim on your own vehicle.

At one year I would not bother. In fact after many years, I don't. In most cases you only lose a year or two anyway for a claim.
 
Protected NCB doenst prevent your premiums rising in the event of a claim. It protects the discount.

Your premium is calculated by calculating your statistical risk from the information you give them then a discount applied to that based on your NCB. So your premium might be £1000 but with a 70% NCB it reduces to £300.

However, if you claim you still need to declare that you've made a claim which will put the premium up. So say it rises to £1500, your new cost would be £510. So it still rises, but not by as much as it could.

Taking a new driver, say the premium is £2000 and the NCB for 1 year is 10%, it means you pay £1800. If you make a claim, your premium will probably skyrocket for obvious reasons - for the sake of argument it goes to £3000, your cost would still be £2700 if you kept your 10% NCB

In that example, you're "protecting" against a rise of £1000 by taking a rise of £700 - and how much does it cost to protect the NCD? You can see why it doesn't make sense if you understand what NCB is and work through some rough example numbers
 
Ah yeah that makes sense. Does anyone know if it's worth adding breakdown cover with Aviva (RAC) or should I just do it through the RAC/AA website? I mean would a breakdown affect my premiums at all if it is done through the insurance?
 
iaind said:
AA with Quidco cashback is the cheapest way

A breakdown would not affect your premiums
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This. Or RAC.

I just renewed my insurance last month (with Aviva). To add the breakdown cover I wanted (Roadside + Recovery) was IIRC ~£6-7/month on the insurance.

Instead I paid £67.99 direct to RAC with £40 cashback through Quidco :D bargain!
 
Quidco is cashback. You sign up, purchase whatever you like through them and you get cashback into your quidco account.... The cashback offers have been going for years
 
SquirrelMadness said:
Do you have to sign up to Quidco to get the discount and does it only last for 1 year or can you keep getting discounts every year?
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As iaind says, you need a Quidco account - click-through from the Quidco site to buy whatever (e.g. your RAC policy) at full price, and a few months later you get your cashback.

You can use Quidco for all sorts, mobile contracts, Virgin/Sky, etc. (going off topic now, but check it out)
 
Agreed with above. It is cheap for me, so why not? Especially when I saw what happened to my mate who didn't. He got royally humped.

But yeah, I thought you needed 4 years to protect, not 3.
 
I couldn't believe how cheap the gf said her protected no claims was..around a tenner. At that price it makes sense to take the offer. I've always been quoted ~£50 on top so have never bothered.

Surprisingly after losing 4yrs no claims when I crashed the 335, (taking me down to 4 as Axa's max NCD is 8yrs) my premium actually dropped at renewal time a couple of months later!
 
Protected NCD is only useful if you stick with the same insurance company all the time and don't shop around each year. Because even with protected NCD you still have to declare any accidents when you move which hikes your insurance up, protected NCD or not.

And sticking with the same insurance company usually means they stick you for higher insurance every year even if you don't have an accident, you can save hundreds more shopping around, and for many protected ncd isn't just a tenner it can be a lot more depending on the insurer.
 
Biffa said:
Protected NCD is only useful if you stick with the same insurance company all the time and don't shop around each year. Because even with protected NCD you still have to declare any accidents when you move which hikes your insurance up, protected NCD or not.

And sticking with the same insurance company usually means they stick you for higher insurance every year even if you don't have an accident, you can save hundreds more shopping around, and for many protected ncd isn't just a tenner it can be a lot more depending on the insurer.
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Exactly this in 20 years I have only stayed with the same insurance company the following year 2 or 3 times. It's not even worth £10.00 some say they are paying.
 
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