Using no claims bonus on multiple policies?

[XA04]

Can you use your no claims bonus on multiple policies? e.g. Use your no claims on car 1, and buy a second car and use it on that too? Or only one policy at a time?

Cheers,
Adrian

[Zak33]

it should be for YOU, not a car....so I think you can...

But I honestly have never thought about it! Dunno....

[Moby-Dick]

only 1 at a time.

[SHare]

Yeah, most companies stipulate it can only be used once in their terms and conditions. Try a multicar policy though if you want different cars all with the discount.

[jimbouk]

Probably get a better deal with 2 cars on the same policy as SHare says, then multi no claims use won't be an issue.

[XA04]

So if you were to get insured with another company on another car you'd have to say you have 0 no claims bonus?

[SHare]

Yes, otherwise you wouldnt be covered if you claimed. Stuff like that would invalidate you insurance.

[Shad]

I've been getting quotes from a specialist recently for a second car and they are happy to take my existing no claims status from my other car, as I would have expected.

[Saracen]

So if you were to get insured with another company on another car you'd have to say you have 0 no claims bonus?

Well, no, not quite.

You'd tell them that you have another car, and that the NCD is used for that, and you'd tell them the accident/claim/conviction history, etc, and they'll give you a quote.

Essentially, the nature of an insurance contract is that you are supposed to provide complete and honest information. You're supposed to act in "utmost good faith". If you don't, and they find out, it may invalidate your insurance entirely.

The logic is that they base their premium on their assessment of risk, and they base that assessment (in part) on the information you supply. So if you withhold something relevant, that information may have led them to increase the premium .... or to decline to cover you at all.

Best bet .... be open with them, tell them what you're doing, and work with them to get the best cover in the circumstances.


You might find some companies that will offer to honour an existing NCD on multiple vehicles. But what happens if you then have a claim on one? Do you then lose NCD (and hence get a higher premium) on both?

[kalniel]

You might find some companies that will offer to honour an existing NCD on multiple vehicles. But what happens if you then have a claim on one? Do you then lose NCD (and hence get a higher premium) on both?

Yes, in my understanding.

NCD builds up on you, as long as you are the named driver on an insurance policy. If you are the named driver on two cars then you should be able to apply your NCD to both, however if you claim, you lose it on both.

[Shad]

Yes, in my understanding.

NCD builds up on you, as long as you are the named driver on an insurance policy. If you are the named driver on two cars then you should be able to apply your NCD to both, however if you claim, you lose it on both.

+1

Spot on from what I've been told.

[Moby-Dick]

Not all Policys allow NCD for named drivers ?

How would you submitt your proof of NCD when taking out a second policy ?
I run my cars on 2 seperate policies (with the same insurer )- I think the insurers take account of the 9+ years no claims I have when calculating my runabout premium , but its also building up its own NCD.

[Moby-Dick]

+1

Spot on from what I've been told.

Unless it's in writing I wouldn't count on it.

[kalniel]

Not all Policys allow NCD for named drivers ?

Sorry, I meant named policy holder, not just named driver.

How would you submitt your proof of NCD when taking out a second policy ?

Same as you do when taking out your first (it's usually the same certificate as your renewal quote I think).

I run my cars on 2 seperate policies (with the same insurer )- I think the insurers take account of the 9+ years no claims I have when calculating my runabout premium , but its also building up its own NCD.

The policy probably doesn't take account of the fact you have another policy, therefore builds up an independant NCD just incase. However you should just be able to use the renewal quote from your first policy as proof of NCD, for any policy.

[Moby-Dick]

If I have more than one car, can I get an NCD on both?

You can only use NCD on one vehicle at a time.

http://www.theanswerbank.co.uk/Busin...ion165534.html

Q: Am I able to use my No Claims Discount (NCD) or No Claims Bonus (NCB) on more than one policy?


A: Unfortunately not - NCD can only be applied to one vehicle at a time on one policy. NCD proof will only be issued in the event of the cancellation or lapse of a policy. You will receive one year's NCD for each 12 month period you are insured without making a claim.

You can only use your No Claims Discount on one car insurance policy

Thats on an initial search...its not looking good guys.

[SilentDeath]

just tell your insurance company you want to get off road or short term insurance (i.e track day) and you need the proof for that.

might not work but worth a try

i would tell the new company anyway, phone them all untill you find one that will accept it. You could send evidence of the price of the other policy?, if you cant get ncb evidence.