ender4 Posted June 18, 2008 Share Posted June 18, 2008 By the way everyone, NCD Protection is a CON! Not in my business its not, I have a crash and lose two years no claims, I costs me a fortune over the next two years i agree.. NCD protection is very useful. Otherwise 1 crash & you lose 5 years NCD, and it ends up costing you hundreds of pounds. Link to comment Share on other sites More sharing options...
ender4 Posted June 18, 2008 Share Posted June 18, 2008 I'm fed up with my car insurance. I had an accident last August when a youngish driver pulled out on me and then proceeded to try to do a U turn right in front of me. Course, he gave me insurance details but it turned out they were rubbish, and whilst the insurers confirm that he is held responsible, they have virtually ditched me now as he is uninsured and, at renewal my premium has rocketed to nearly £600 as a result of losing a large part of my no claims bonus - when it wasn't even my fault! Oh sure, they wrote to me and said they are passing it to some loss recovery centre but they said success is very rare! Great! From now on I'm making sure my no claims is protected but I am still smarting about this nearly a year on. Protected NCD would have done nothing in this instance. Unfortunately the insurance companies need someone to blame - unless guilt is found on him, you will be listed as 'at fault'. PNCB would have done nothing - you'd be stung big time with that against your name. surely it doesn't matter who's fault it was? i thought the point of protected NCD is that if i drive into a brick wall/another car, it doesn't matter, as i stil retain the same amount of years of NCD? if this isn't correct, then what the hell is the use of NCD? which is probably what you were saying! Link to comment Share on other sites More sharing options...
chrissmith921 Posted June 18, 2008 Share Posted June 18, 2008 Unfortunately it does matter - there are two types of claim - fault & non fault. Both will up your premium, but fault claims significantly. By the way, unless it is 100% the other parties fault, and their insurance company accepts this, it will mean it will be marked as a fault against you. This is regardless of protected ncb or not. Protected NCB is quite simply paying for nothing! Link to comment Share on other sites More sharing options...
ender4 Posted June 18, 2008 Share Posted June 18, 2008 but lets say i had 70% NCD.... by protecting NCD, then afterwards i still have 70% NCD. yes, my premium goes up a bit, but i still get 70% off the total. now if i crashed with no NCD, then my NCD goes down to 30%. so now my premium still goes up, but this time i only get 30% off my total premium, therefore the actual jump in my premuim is huge. i don't know if i have explained it well.... let me try with numbers: Cost =£1000 with 70% NCD = cost is 30% of £1000 = £300 after crash, premium increases to £1200. with NCD protection, NCD is 70%, cost is 30% of £1200 = £360 without NCD protection, NCD goes down to 30%, so cost is 70% of £1200 = £840. Thats how i always understood it? is that not correct? Link to comment Share on other sites More sharing options...
chrissmith921 Posted June 19, 2008 Share Posted June 19, 2008 Nope, NCD protection doesnt keep you at your same level of NCD, it just minimises the hit in the case of non-fault situations (currently you lose 1 year NCB for a non fault claim to 3 for fault), but protected NCB means it goes from 1 to 0.5 but fault remains at 3. However this only works once for life of the policy. You're also paying a sizable amount on top of your premium for protected ncb - certainly far more than you will lose by having non protected and having a bump (fault or non fault). Hence why its a con! Link to comment Share on other sites More sharing options...
ender4 Posted June 19, 2008 Share Posted June 19, 2008 Nope, NCD protection doesnt keep you at your same level of NCD, it just minimises the hit in the case of non-fault situations (currently you lose 1 year NCB for a non fault claim to 3 for fault), but protected NCB means it goes from 1 to 0.5 but fault remains at 3. However this only works once for life of the policy. You're also paying a sizable amount on top of your premium for protected ncb - certainly far more than you will lose by having non protected and having a bump (fault or non fault). Hence why its a con! well thats good to know, though annoying as i have always protected my NCD, thinking it meant something else! when my renewal comes up, i will make the decision based on these new facts, & probably not take out NCD protection then. Link to comment Share on other sites More sharing options...
chrissmith921 Posted June 19, 2008 Share Posted June 19, 2008 Chuck some prices through comparison sites and see the difference, if its the same price with the protection (although with seperate company) then have it (as its 'free') but I wouldnt bother paying for it Link to comment Share on other sites More sharing options...
bickster Posted June 19, 2008 Moderator Share Posted June 19, 2008 Hmm curious, thats not how my insurance works at all, I lose absolutely nothing for a non fault accident, I lose two years NCD for a fault, MY NCD protection covers me and fully protects me in the case of one at fault accident in the year If I lost anything on my insurance the following year through having a non fault, I'd just charge it to the other parties insurance as its my cost that is their liability Link to comment Share on other sites More sharing options...
chrissmith921 Posted June 19, 2008 Share Posted June 19, 2008 Bicks, who you with? I deal with all of the companies (major ones) and although there are slight differences with PNCB, there is very little. Link to comment Share on other sites More sharing options...
bickster Posted June 19, 2008 Moderator Share Posted June 19, 2008 Currently some subsidiary of Norwich Union, don't forget though its taxi insurance not normal so may operate completely differently. I've never lost an NCD in any shape or form for a non faulter Link to comment Share on other sites More sharing options...
ender4 Posted June 19, 2008 Share Posted June 19, 2008 Hmm curious, thats not how my insurance works at all, I lose absolutely nothing for a non fault accident, I lose two years NCD for a fault, MY NCD protection covers me and fully protects me in the case of one at fault accident in the year If I lost anything on my insurance the following year through having a non fault, I'd just charge it to the other parties insurance as its my cost that is their liability see thats exactly how i thought mine worked as well. i'm with Esure, with 6 years (70%) NCD. Link to comment Share on other sites More sharing options...
dicky_plums Posted June 19, 2008 Share Posted June 19, 2008 I paid £132 and got £45 quidco cashback - so £87 for a year 3rd party fire and theft, with swiftcover.com I'm over 35 with full NCD and drive a 95 Escort in lovely 'faded red'. Link to comment Share on other sites More sharing options...
chrissmith921 Posted June 19, 2008 Share Posted June 19, 2008 Swiftcover?? BEWARE!!!!!! Read your small print very, very carefully and make sure you comply to ALL of their assumptions. Link to comment Share on other sites More sharing options...
ender4 Posted June 19, 2008 Share Posted June 19, 2008 Chrissmith - as you seem to be in the insurance industry, which companies would you say are good? ie: they don't try & wriggle out of paying up, they don't have crazy small print, they have decent customer service? Link to comment Share on other sites More sharing options...
chrissmith921 Posted June 19, 2008 Share Posted June 19, 2008 If you're looking for ALL of that - then none. Direct Line and other RBS brands tend to be decent at paying up, although no-one likes to of course! Non crazy small print - you'd be hard pushed, but Swiftcover have some daft ones. Best customer service - Elephant, Admiral and Diamond, in my experience. Link to comment Share on other sites More sharing options...
B31villa Posted June 19, 2008 Share Posted June 19, 2008 £370 with Simply Cover Norwich Union. Ford Focus Zetec Diesel. 5 years no claims. I'm 41. Link to comment Share on other sites More sharing options...
chrissmith921 Posted June 19, 2008 Share Posted June 19, 2008 Shop about b31, you will find better prices than that Link to comment Share on other sites More sharing options...
Gizmo Posted June 19, 2008 Share Posted June 19, 2008 Cheapest I've got for a crappy old banger is about £1,100 quid. If I lived about 40 feet away in a different post code it would be less than £350. B8 is, apparently, 2nd only to Moss Side for being the worst insurance post code in Britain. Link to comment Share on other sites More sharing options...
ender4 Posted June 19, 2008 Share Posted June 19, 2008 B8 is, apparently, 2nd only to Moss Side for being the worst insurance post code in Britain. :shock: what area is B8?? Link to comment Share on other sites More sharing options...
PaulMcgrathsknees Posted June 19, 2008 Share Posted June 19, 2008 Alum Rock innit! It's all about the bad roads/ non stops/ no insurance - more crashes more non stops more people can't afford insurance as premiuims go up and then more non stops and so on! Link to comment Share on other sites More sharing options...
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