ChatterBank0 min ago
Legal Expenses Car Insurance
I am trying to get quotes for car insurance, I am in my 70's, do very low mileage and have only had windscreen claims in the last 10 years. Is it worth paying extra for legal expenses and NCD protection?? I know that in the event of a claim they will put the premium up anyway.
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I can't really answer your question with regards to NCD protection, apart from saying that you're correct insofar as they'd increase your premium if you had a claim (even if you had your NCD protected), but they'd increase it even more if your NCD wasn't protected. Now's the perfect time to gaze into your crystal ball and see if you can see any claims on the horizon??
With the legal expenses, try Driver Guardian. Me and the missus have a joint policy (had it for a few years now) and they've got good reviews:
https:/
With the legal expenses, try Driver Guardian. Me and the missus have a joint policy (had it for a few years now) and they've got good reviews:
https:/
Protecting your NCD usually adds about 10% to the cost of your insurance. If you have an accident you normally only go back 2 stages on your NCD ie, from 60% to 40%, not back to 0%. It works out that 4 years is about the break-even point; in other words if you don't pay to protect your NCD after 4 years you've saved enough money to cover any increase in your premium due to losing part of your NCD. This ignores changes in premium after an accident, which are nothing to do with the NCD.
The legal expenses is not the same as NCD, that is a different 'extra'.
Legal expenses comes into play when the insurance companies are kicking off. I once had a no fault claim on a motorbike(hit in rea while stationary at a junction) and my own Insurance company wouldnt pay and the other persons wouldnt either. Plus they tried to do me on the value of a 6 month old bike. I had taken the legal expenses out and was able to use it against the company I was insured with as well as the other one. Cost them far more than if they had just paid out but then Insurance companies are pig headed sometime.
Legal expenses comes into play when the insurance companies are kicking off. I once had a no fault claim on a motorbike(hit in rea while stationary at a junction) and my own Insurance company wouldnt pay and the other persons wouldnt either. Plus they tried to do me on the value of a 6 month old bike. I had taken the legal expenses out and was able to use it against the company I was insured with as well as the other one. Cost them far more than if they had just paid out but then Insurance companies are pig headed sometime.
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