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Bonus question

  • 25-03-2008 12:43pm
    #1
    Tim Robbins
    Registered Users, Registered Users 2 Posts: 9,023 ✭✭✭


    Hi,
    What's the name of the insurance "option" whereby if you make a claim you are not penalised?
    How much is it?
    Is it available to all drivers?
    Is it worth it?
    Thanks
    Tim


Comments

  • #2
    Steve
    Registered Users, Registered Users 2 Posts: 22,584 ✭✭✭✭Steve


    What's the name of the insurance "option" whereby if you make a claim you are not penalised? No claims bonus protection
    How much is it? Varies - depends on insurer
    Is it available to all drivers? I assume so
    Is it worth it? Only if you have built up NCB for a year or 2


  • #3
    Santa Claus
    Registered Users, Registered Users 2 Posts: 2,699 ✭✭✭Santa Claus


    Worth mentioning that these bonus protection schemes only insure your NCB with that particular insurer...If you move to another insurer then you lose whatever portion of your bonus based onyour claim !

    Because of this, I don't think they're worth it !


  • #4
    Stephen
    Registered Users, Registered Users 2 Posts: 18,484 ✭✭✭✭Stephen


    Some insurers won't offer you NCB protection unless you have 4+ years no claims in your own name. A lot of them offer "step back" protection which isn't great as it only protects part of your NCB. For instance I have 4 years NCB and hibernian are giving me a step-back protection that will bring me back to 1 year NCB if I have a claim that costs more than something like €6000, and fully protected for less than that.


  • #5
    javaboy
    Registered Users, Registered Users 2 Posts: 15,094 ✭✭✭✭javaboy


    On principle, I will never pay for insurance on my insurance. What's next? No claims bonus protection protection protection? :(


  • #6
    Gurgle
    Closed Accounts Posts: 5,064 ✭✭✭Gurgle


    Santa Claus wrote: »
    Worth mentioning that these bonus protection schemes only insure your NCB with that particular insurer
    ^^ to add to this:

    My insurer sends me out a quote every year thats around double the previous year's premium. And every year I price around, then call my insurer and say 'You're quote was crap, I've been quoted €X', and my insurer matches €X.

    Now, if my NCB was only recognized by that one insurer...


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  • #7
    Steve
    Registered Users, Registered Users 2 Posts: 22,584 ✭✭✭✭Steve


    Gurgle wrote: »
    ^^ to add to this:

    My insurer sends me out a quote every year thats around double the previous year's premium. And every year I price around, then call my insurer and say 'You're quote was crap, I've been quoted €X', and my insurer matches €X.

    3 people in work said this - all with AXA.


  • #8
    flanzer
    Registered Users, Registered Users 2 Posts: 3,143 ✭✭✭flanzer


    stevec wrote: »
    3 people in work said this - all with AXA.

    +1 here. Also with AXA. For the past 3 years, they've done so and I managed to half the initial cost to renew when I went back with a.n.other's quote . You think they'd have learned at this stage to stop trying to double my premium!


  • #9
    Gurgle
    Closed Accounts Posts: 5,064 ✭✭✭Gurgle


    stevec wrote: »
    3 people in work said this - all with AXA.

    lol, I'm with Axa too :D


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