Car insurance question
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Car insurance question
I am currently shopping around for car insurance quotes, as my current policy ends next month.
I have spoken with someone this morning who works for a car insurance provider, and they asked me how many years' no claims bonus I had.
I advised that I have been driving for x number of years, have never claimed, so therefore I have the same number of years no claims bonus.
'It doesn't work like that', I was informed. 'Some car insurance companies cap no claims bonus at a certain level'. 'You need to check your renewal documents from your car insurance', she said.
I checked my renewal documents, and sure enough, the number of years' no claims discount is 6 years less than I have been driving for.
How does this work, and how is it fair?
I have spoken with someone this morning who works for a car insurance provider, and they asked me how many years' no claims bonus I had.
I advised that I have been driving for x number of years, have never claimed, so therefore I have the same number of years no claims bonus.
'It doesn't work like that', I was informed. 'Some car insurance companies cap no claims bonus at a certain level'. 'You need to check your renewal documents from your car insurance', she said.
I checked my renewal documents, and sure enough, the number of years' no claims discount is 6 years less than I have been driving for.
How does this work, and how is it fair?
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Re: Car insurance question
To be honest if it’s around 9 years or so you wouldn’t get any more discount for 20 years etc. Mine always says 9 years but I have 35 years without a claim.
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Re: Car insurance question
Some places cap it at 9 years I think. Tends to not make a difference on your renewal price above that amount anyway. Don't think you're missing out on anything.
Re: Car insurance question
How come you haven't noticed until now? You must get asked the same question every year
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- Posts: 827
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Re: Car insurance question
Ah, thanks. I didn't know that!TheOriginalLongsider wrote: ↑Sat Sep 25, 2021 11:41 amTo be honest if it’s around 9 years or so you wouldn’t get any more discount for 20 years etc. Mine always says 9 years but I have 35 years without a claim.
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Re: Car insurance question
ThanksClaretAndJew wrote: ↑Sat Sep 25, 2021 11:42 amSome places cap it at 9 years I think. Tends to not make a difference on your renewal price above that amount anyway. Don't think you're missing out on anything.
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Re: Car insurance question
Exactly.Funkydrummer wrote: ↑Sat Sep 25, 2021 12:42 pmNot if he hasn't changed provider, for instance.
My insurers down the years have capped it at at 9 years, despite 51 years without a claim
that was my fault.
Thanks