Let's say you start the year out with 6 years no claims bonus and a
60% protected NCB discount. During the year you have one at-fault accident. When it comes to renewal, you have 0 years no claims bonus but retain your 60% NCB discount.Is this correct?
IIRC for each claim that's deemed to be your fault, your NCB is reduced by two years, unless you have it protected, when it isn't. However, your premium will be loaded and you'll still have to disclose the claim in future years. So the value and/or benefit of protected NCB, is, well, ...
My understanding is that they do a quote based on driving history etc.
You have had an accident so naturally your qoute goes up. Same for points etc.......
They then take the 60% off
I also belief you loose two years of your no claims if you migrate to anothe rcompany.. hence you have 4 years.
Well, I'm with Tesco and had an accident in 2003 which was settled
50:50 ( though of course I don't agree with their assesment but that's another story ;-) ) My renewal premium remained exactly the same. AIUI you are allowed 2 claims in three years, without penalty.If you migrate however, then yes you would have to give details and no doubt your new quote would be higher than someone with a clean record.
Andy
It varies per insurance company, you are basically going to have to read their small print! Certainly some allow you to make a certain number of claims (say 2) per year and your NCB will be unaffected. However if you move to another company this might be a different story.
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