To clarify exactly what protected no claims is, any NCD you've built up is protected - no matter how many claims you make. Your premium may still be affected if you make a claim. To qualify for this optional extra, you need to have earned four or more years NCD.
So, the question is, is it really worth paying the extra cost for the protected no claims cover because your premium can still be influenced by the fact that a claim has been made?
Correct me if I'm wrong but if the third party involved is declared as being be at fault then surely your no claims discount shouldn't be affected at the next renewal date whether you took out the extra 'protected no claims' cover or not.
We never put no claims protection on my wife’s insurance, a few years ago we had a claim and I was expecting my insurance to go up by a fortune but it didn’t
we literally only lost about three years no claims, so we just got a quote from someone else that was cheaper and we stuck with that so in my eyes it’s not worth it
Quote: Originally posted by Colin21 on 01/8/2023
Must admit I have had it for years, but surely it doesn't cost that much? I don't actually know though. Does anybody know?
I've always taken out the 'protected no claims' cover in the past but as my car insurance has come up for renewal, the exact wording got me thinking as to what it meant in real terms. What's protected exactly and is it just another insurance loop hole of gaining extra funds on a car insurance policy. I can't be absolutely sure but I think it was another 30 quid on top of the renewal quote so I decided not to include the cover this time around. I haven't made a claim on my car insurance for 18 years so I considered it was 30 quid well worth saving.
Never bothered with it as insurance is such a competitive market if an existing company wishes to penalise me after a claim (even when other driver is 100% at fault, heres looking at you LV) I'll move on.
I had a no fault claim late last year and it made no difference to a renewal which was due soon afterwards, thanks GA!
You can have `protected no-claims` but it won`t stop your premiums going up as the insurance companies are too devious to let you escape a price increase.
SWMBO hadher car hit by another driver, who admitted liability. All costs were recovered from the other drivers insurer, but come remewal time the premium had jumped up (yes we have 20+ years incident free driving and full, protected NCB). Why?? Well, according to the insurance company the industry believe that if yiu have been involved in a collision (even if your car is correctly parked and you`re not in it) you are "statistically more likely to be involved in another one". I can`t express my feelings on here without being suspended!! What a load of utter, utter garbage
Quote: Originally posted by SGThomas on 04/8/2023
If you are ripped off by one insurance company, you are statistically likely to be ripped off by another
I don't really think that protected NCD makes any significant difference to renewal costs if you're unlucky enough to have any claims history, whether or not at fault.
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Topic: Car Insurance (Protected No Claims)
via mobile 01/8/2023 at 2:23pm
