Protected Motoring No Claims Bonus, Any Point?

[dave50]

Surely it only applies if you stay with the same insurer. If you move, your new insurer will ask if you have had any claims, making the previous protected no claims meaningless.

[barry1010]

It makes a big difference whether you stay with your old insurer or change to a new one.

[Zacs-Master]

Not the case. When you fill out your details for a new insurer, it should ask whether you have Protected NCB and how long you've had it.

[Zacs-Master]

barry, it didn't with me. Swapped from Aviva to Tesco Bank (and saved £80/yr incidentally) and my protected NCD was transferred.

[barry1010]

Maybe I didn't express my last post very well.

Protected NCB is vital because you will get a big discount when you take out a new policy regardless of whether you stay with the old insurer or move to a new one.

[Old_Geezer]

Always used to stay with me. It's the benefit that's protected and it goes with you.

[davebro]

The number of years you have had no claims carries over from one insurer to the next (they may ask for proof).

The discount you receive for that & the cost of protecting it (i.e. you still retain it even if you have one or two claims) will be up to each individual insurer.

[bhg481]

I gave up protecting my NCD many years ago when I calculated it wasn't cost-effective. Protecting your NCD adds about 10% to the cost of your policy; having an accident knocks you back about 2 years on the NCD you get. I estimated 5 years was the break-even point ie, if you have accidents more than 5 years apart it pays you not to protect the NCD, so I don't.

[ToraToraTora]

NCD protection is itself a form of insurance, if you move insurer they'll offer you their equivalent facility.

[Zacs-Master]

'Protecting your NCD adds about 10% to the cost of your policy'

Not to mine it didn't. It added nothing because I watched what happened when I ticked it as an option.

[bhg481]

Zacs - it's many years since I checked the option but that's exactly how I did it and saw the premium drop when I opted not to have it. I think what people forget is that, if you make a claim your premium usually increases because you're classed as a bigger risk; even a no-fault bump in a car park has been the cause of an increase (not for me) because they class you as parking in the wrong car parks.

[davebro]

I don't forget that!