NCB is a con

[AtW]

Alex, what does it matter when you never leave your house?

This inbalance in this crappy universe pisses me off when I am not busy.

[Phoenix]

Exactamundo. When you poke someone up the rear end, your premium goes up anyway. In that respect protected no claims is a bit of a con. Okay, Mr Punter, you get to keep your 60% discount but we're increasing your premium from £400 to £2000.

I have heard it is cheaper to be punted rather than be a punter...is that true?

[Spartacus]

Exactamundo. When you poke someone up the rear end, your premium goes up anyway. In that respect protected no claims is a bit of a con. Okay, Mr Punter, you get to keep your 60% discount but we're increasing your premium from £400 to £2000.

[nobody here but us chicke]

ncb

anyway - when you try to move to a new company the ncb is irrelevant - they always ask abou t accidents & claims in last 5 years.

the ONLY thing to worry about is what you pay. People get soooo excited about the ncb rates, but its beside the point - 50% or £1000 is a better deal than 60% of £2000.

[DimPrawn]

Alex, what does it matter when you never leave your house?

[EternalOptimist]

you are getting the bonus mixed up with the reality

you might be a disaster prone eastern european or Russian f*ckwit with millions of rear end experiences and still get the ncb.

nobody is saying that because you have a ncb you have not made any claims.

just like in the city, if you get a bonus no one imagines that you have made any cities.

[AtW]

If I say that I have more NCB then I actually have then its fraud - however some companies allow "one year of NCB" to be accumulated in shorter time, like accelerated NCB - this is clearly wrong as "one year" is no longer one year. It would have been okay if they FOR THEMSELVES given higher discount, but since NCB is transferrable it in effect means that those companies certify fake NCB - which is why I consider claimed years of NCB to be a con, it does not really mean compareable years at all!

[Fungus]

doesn't really matter what your opinion is though does it? It ain't gonna change! Look - you've crashed your car, you don't understand no-claims bonus - I'd stay on public transport if I were you...

Public transport? Surely that's not hygienic? Oh my, the things some people do.

Fungus

[Fungus]

The problem is not about what THEY can do - they are sure entitled to charging as much as they want, even assume everbody with 1 NCB actually has 5, but th e problem is that they CERTIFY that you have higher NCB that you actually have when you move elsewhere - this means a guy with 5 years NCB may actually have only 3 or 4 or any other number - IMO this is fraud on company level.

No it isn't fraud as long as you declare the accidents you have had. For example, if you crash into someone, and they don't claim, then your NCB is in tact. You are no safer because they did not claim. But you must declare the accident when buying future insurance. The conclusion is that if you crash into someone, at least make sure that you run over and kill the other driver so that they cannot claim against you and ruin your NCB.

Fungus

[Churchill]

doesn't really matter what your opinion is though does it? It ain't gonna change! Look - you've crashed your car, you don't understand no-claims bonus - I'd stay on public transport if I were you...

It's alright, he whinged like this about speed cameras.

[ratewhore]

doesn't really matter what your opinion is though does it? It ain't gonna change! Look - you've crashed your car, you don't understand no-claims bonus - I'd stay on public transport if I were you...

[AtW]

They can do what they like. If they want to charge you the same cost as someone with longer actual NCB, they can, as long as they pay up as and when you crash into someone else.

The problem is not about what THEY can do - they are sure entitled to charging as much as they want, even assume everbody with 1 NCB actually has 5, but th e problem is that they CERTIFY that you have higher NCB that you actually have when you move elsewhere - this means a guy with 5 years NCB may actually have only 3 or 4 or any other number - IMO this is fraud on company level.

[OrangeHopper]

If you think that is a con then you must consider potection of no claims to be iffy.

[Fungus]

I have recently discovered that No Claims Bonus is a major con - some companies offer "accelerates" NCB, effectively giving away higher NCB than the actual period in which no claims were received, just how the feck this is possible? Surely its fraud on a company level!

They can do what they like. If they want to charge you the same cost as someone with longer actual NCB, they can, as long as they pay up as and when you crash into someone else.

When I passed my driving test and bought my first car, Direct Line gave me 3 years NCB (or rather the premium was equivalent to someone of my age with 3 years NCB).

Fortunately due to the large number of safety cameras and the reduction in those nasty accident causing traffic police, the roads are becoming safer.

Fungus

[AtW]

I have recently discovered that No Claims Bonus is a major con - some companies offer "accelerates" NCB, effectively giving away higher NCB than the actual period in which no claims were received, just how the feck this is possible? Surely its fraud on a company level!