OT car insurance

[Jim K]

come again?

Jim K

[Jim K]

me too i think;>)

Jim K

[js.b1]

Never delay renewing your insurance until the last week before it must be renewed.

You will find the insurers walk up the quote going from 1-month away to 1-week away to 1-day away, often as much as 10-20%.

[Phil L]

And your premium has gone up as a result.

[ARWadsworth]

£200 a year premiums. I remember those. I paid £262 fully comp for my van this year with 9yrs NCD. It was an extra £80 for a protected policy. Increasing my excess from £100 to £300 saved me a few quid. Somewhere in the region of £50 ISTR.

[ARWadsworth]

My protected NCB was transfered with me after my fault claim. So was the increased premium.

[ARWadsworth]

Is it f*ck.

It is to do with compensation claims.

A fat chav gets a small rear end shunt and suddenly claims that she cannot lift her head back far enough to pour McDonalds food(1) down her throat and then gets a "no win no fee" solicitor to sue the driver that shunted her car.

(1) Food but not as we know it.

And yes, 30 years ago I sued a motorist after I was knocked over. But I was seriously injured.

[Jim K]

quote almost double!! Jim K

[Phil L]

So the premium increased, what's the point of paying to protect something that you've effectively lost the moment you have an accident? It's worthless - yes all insurers play along with the notion, only to fleece you out of more money - you still have to tell any insurer that you had an accident last year or 2, 3 or 4 years ago, you can't just say I've got 8 years NCB, even though I had a claim 18 months back!! As an aside, this year I paid £445 for fully comp. I'd told the insurer I had 7 years NCB, but when I got the certificate back from my previous insurer, I found that I was mistaken and it was only 6 years, so the new insurer said that I could still have the policy, but that they would have to charge me extra. When I got the letter, it was a measly £4 more - so is that all a years NCB is worth? - four quid?

[ARWadsworth]

That is when I stopped protecting my NCB.

As I learnt to my cost.

Probably. I have no wish to claim again and find out. The claim was 10 years ago.

[John]

Sorry Phil, that's not right. The most likely reason to move insurers is for a cheaper quote to save money. Having an 'at fault' accident but protected NCB certainly didn't stop a new insurer giving a cheaper quote than staying with existing and renewing with them.

[Clive George]

Me too. Been a while since I've had to pay that much :-)

[Lobster]

I can't recall all the details of the companies and premiums now; but do recall looking into all this (in particular the worth of paying for NCD protection) and am quite sure that had we not had the worthless bit of paper the premium would have been way higher. There may or may not have been a small loading on the basic premium for having made a claim; but nothing like as much as the amount a 60%(?) NCD saved us.

But I won't argue with you as I don't have all the info to hand... ;-)

David

[Lobster]

It's all about diminishing returns though - if your error had been the difference between 1 and 2 years' NCB, the cost would have been very much more. My own policy just shows 5 years' NCB (although I haven't made a claim in 10 years) because this companies' NCB maxes out at 5 years.

David

[Andy Cap]

ALL insurance companies know you're over 50 and less of a risk, until you get to

70, then it starts going up again. Like Saga, it's just a marketing ploy and yes, I have previoulsy been with both *when* they've been cheapest.

Andy C

[Huge]

Except when it isn't.

[Lee]

Whether it's worth it or not I always have protected NCB (only cost £10 extra on policy so seemed silly not to really), had an own-fault claim last year, this years renewal has just come through at exactly the same price as last year. Seems fairy snuff to me.

Lee

[Huge]

Oh, I'm paying *more* than that.

£14 more.

For a TVR.

[Huge]

Mine hasn't.

Whilst what you say is largely true, it isn't 100%

[The Natural Philosopher]

dot think I have ever paid much LESS actually.