[Rosbotham]

...when it turns out to be negative because of interaction with introductory discounts.

Currently getting some comparative quotes against my renewal with Sureterm. Not that I'm unhappy with that...£25k motorhome, 2x 40-somethings, 10k miles/yr stored in a seure compound, comes out at £380 or so.

Ringing around, so far no-one's come close. It turns out it appears to be down to discounts. I've only got 1 yr NCD on the MH as we were new to this last year and didn't have any spare NCDs as they were used on our cars. What I'm finding is insurers (so far Safeguard, C&CC, CC) don't discount much because I'm only 1 yr claims-free. If I was new to insuring the MH, they'd give me an introductory discount that's actually higher than the 1 yr NCD. But I'm not so they won't.

Bizarre.

 

[brillopad]

some company's mirror your no claims bonus ,if you've got it on another motor, did you ask? .dennis

 

[Rosbotham]

Yes, asked that.

Problem is although I've got max NCD on the cars (protected), I had to make a claim a couple of years ago. Something fell off the back of a wagon & made a slight (!) mess of my car. Wagon drove off - to be fair they probably didn't even realise - so claim had to go on my policy hence it counts as being my fault. Irritating, but given I was doing ***mph in the fast lane of motorway at the time, I just count myself lucky that I walked away.

Means that most (if not all) won't mirror my car NCD.

 

[CliveMott]

Protected NCD are also a bit of a con. If you make a claim they will still give you the same NCD percentage but the base price of the policy will be increased.

C.

 

[DTPCHEMICALS]

Does wifey drive? Our mh is insured in wifeys name with mirrored discount. Your occupation may have a bearing as well

Dave P

 

[Rosbotham]

Does wifey drive? Our mh is insured in wifeys name with mirrored discount. Your occupation may have a bearing as well

Dave P

Nope, that doesn't make any difference. They ask whether any of the named drivers have a claim, and it doesn't make any difference whether it's principal or named driver.

As it happens, at the time of the claim my car was on a policy in wifey's name (don't ask, complication of my wife inheriting my car when I got a new one a while ago) so it's always a moot point of whether the claim is mine or hers (answer is it's mine as I made the claim, albeit on her policy). At present, all our cars are on a single/shared multicar policy with Admiral as it's far cheaper than running independent policies...pity they won't take MHs or I'd just stick the van on that.

I have a boring occupation as far as insurers are concerned, so that doesn't come into it.

 

[Rosbotham]

Protected NCD are also a bit of a con. If you make a claim they will still give you the same NCD percentage but the base price of the policy will be increased.

C.

Not quite, but with the "a bit" caveat you're right.

With no protection, if you make a claim you're hit with a double whammy. Your risk profile worsens so your "base" premium increases. As you lose NCD, your discount off this "base" also falls e.g. from 60% to 40%, ie double whammy.

With protection, the "base" still rises, but you retain the same % discount off it.

Makes a fair difference, but one shouldn't be under any illusion that even with protection, after a claim one's premium will increase. Annoying when it's not your fault...

 

[kfitz]

Ask for a Quote a few days prior to your renewal, your may qualify for the starter discount as you do not have a bonus if you cancel your existing policy.

 

[Telbell]

With no protection, if you make a claim you're hit with a double whammy. Your risk profile worsens so your "base" premium increases.

Surely your Risk Profile still worsens if you have it protected? You'd still have to declare any claim in future requests for quotes.

To be honest I've never bothered with Protected NCD- was advised against it by Insurer.

Sorry for distraction- Clive's fault :lol:

 

[Rosbotham]

Well that's exactly it. Imagine a hypothetical case : you're on 60% NCD, your undiscounted premium is £1000 (ie you pay £400), then have a prang.

If you have NCD protection:
When it comes to renewal, you have a higher risk profile so the undiscounted premium is (say) £1250. After 60% NCD, premium is £500.

If you don't have NCD protection:
When it comes to renewal, you have a higher risk profile so the undiscounted premium is (say) £1250. However, your NCD will have fallen to (say) 40%. So your premium is £750.

So yes, you lose either way, but more so if you don't protect the NCD. Having gone through this, I'd always pay 10-15% extra to protect my NCD once it goes over 60%.