Insurance No Claims Bonus Gone

samhail

I had 6 years no claims bonus under my own name. I went to Australia for a year, and have been a named driver on another policy for a year which bring me up to now.

I phone up to verify my insruance quote of 630€ and was told that since 2 years have gone by since i was last insured with my no claims bonus that it has expired.
insurance with one years named driving experience will be 1500€.

Does that sound wrong to anyone else ?

Cuddlesworth

samhail wrote: »

I had 6 years no claims bonus under my own name. I went to Australia for a year, and have been a named driver on another policy for a year which bring me up to now.

I phone up to verify my insruance quote of 630€ and was told that since 2 years have gone by since i was last insured with my no claims bonus that it has expired.
insurance with one years named driving experience will be 1500€.

Does that sound wrong to anyone else ?

Yeah, you were insured under your own name for 6 years. Surely that still counts?

Bandara

they are correct, you lose your NCB, I lived in Oz for just over 2 years, I was told this would happen before I went away so I didn't cancel my policy which had 5 months or so on it before I left, which meant I was not outside the 2 years without full named insurance and therefore kept my full NCB.

sorry to bear the bad news

seamus

NCB is only valid for two years. This is standard across all of the insurers.

galwaytt

samhail wrote: »

I had 6 years no claims bonus under my own name. I went to Australia for a year, and have been a named driver on another policy for a year which bring me up to now.

I phone up to verify my insruance quote of 630€ and was told that since 2 years have gone by since i was last insured with my no claims bonus that it has expired.
insurance with one years named driving experience will be 1500€.

Does that sound wrong to anyone else ?

It does sound wrong. It IS wrong too, but, unfortunately all the usual suspects make it that there's nothing you can do.

My wife lost 16yrs no-claims, after taking time off for 2 kids - and we were only just outside the 2 yrs when she went back. Not Happy, she was....:mad:

kayos

Pretty standard practice for motor insurance.

Barr

Your bonus is gone but they should offer you someyhing for the driving experiance in the OZ if their was no break in cover

January

Unfortunatly it's correct, but some insurance companies should still count the driving experience... maybe ring some other places and explain to them that you had got a full ncb but it expired and are just looking to get the best deal because despite not having an ncb you have a clean driving experience.

samhail

awwe man. thats a killer.

so my premium nearly triples cos of those 2 years. legend.

samhail

I want to break something in half !!!

follow up on this - i got my 6 years no claims sent out to me by post just to have on file.
I look at the date it expired (i assumed that it expired on Aug 2006 so 2 years after is Aug 2008)... but it expired on Dec 8th 2006 ! which means that if i had known about this friggin 2 weeks ago !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



i am so unhappy right now.

CoDy1

You should ring a broker ASAP! brokers have good contacts with insurance companies and they might be able to get you cover with a company who will turn a blind eye to a couple of days in the difference.

Also the fact that you were a named driver back in ireland only a year later even though not in your own name should reinstate your bonus. I've come across this before.

samhail

i was using AA and they were quite unhelpful when i was trying to get re-insured.
though at the time it was like 4 months over the 2 years rather than 2 weeks.

thing i found out too is that infact i dont have a full years Named Driving Experience, its just since March - things are seriously going against me.

as soon as i opened that letter tonight i called about 4 places to get answering machines. first thing tomorrow morning !

CoDy1

Smaller brokers might be a better option as its more personal maybe.

There's a company called Sertus based in Galway that only go through certain brokers, they seem to be reasonable enough with things like this as they will(should) take into account the driving experience.

Anyway, best of luck with it.

samhail

Thanks for the advice !

Anan1

CoDy1 wrote: »

You should ring a broker ASAP! brokers have good contacts with insurance companies and they might be able to get you cover with a company who will turn a blind eye to a couple of days in the difference.

Also the fact that you were a named driver back in ireland only a year later even though not in your own name should reinstate your bonus. I've come across this before.

+1, I wouldn't give up just yet.

newbee78

samhail wrote: »

I had 6 years no claims bonus under my own name. I went to Australia for a year, and have been a named driver on another policy for a year which bring me up to now.

I phone up to verify my insruance quote of 630€ and was told that since 2 years have gone by since i was last insured with my no claims bonus that it has expired.
insurance with one years named driving experience will be 1500€.

Does that sound wrong to anyone else ?

It does sound wrong, all insurance companies do is take your money. The moment you need to make a claim, your premium will go up to compensate what've claimed. If you had 6 years of costly earned NCB, that should be accounted for you without any expiry dates, 2/3/4 years, etc (otherwise whats the point of having NCB, or even pay more for stepback or full NCB discount one may wonder). This whole mandatory car insurance industry is a legalized money racket lobbied all the way on the top in gov. offices. The system is very one sided designed to rip ppl off. These issues should be brought up to mass media and wider discussion forums and TV (doubt they would allow that). That's the only way to create a more transparent and fairer insurance system. It's a cartel, similar to banking industry which works in collusion with government and legislation. It is a sad reality we are in...

goz83

newbee78 wrote: »

It does sound wrong, all insurance companies do is take your money. The moment you need to make a claim, your premium will go up to compensate what've claimed. If you had 6 years of costly earned NCB, that should be accounted for you without any expiry dates, 2/3/4 years, etc (otherwise whats the point of having NCB, or even pay more for stepback or full NCB discount one may wonder). This whole mandatory car insurance industry is a legalized money racket lobbied all the way on the top in gov. offices. The system is very one sided designed to rip ppl off. These issues should be brought up to mass media and wider discussion forums and TV (doubt they would allow that). That's the only way to create a more transparent and fairer insurance system. It's a cartel, similar to banking industry which works in collusion with government and legislation. It is a sad reality we are in...

By this stage, the op already has 5 years NCB if no claims since he posted here. This is an old thread. Reported.

newbee78

goz83 wrote: »

By this stage, the op already has 5 years NCB if no claims since he posted here. This is an old thread. Reported.

I hear you, but the issue does exists today and affects so many ppl, including myself. Thats the only reason I've decided to throw few lines here...

Tea rocks

Hi all, I'm going abroad for two years and became aware of this issue after hearing people talk about it on radio. I'm anxious not to lose my NCB.

Atm, I have fully comp insurance in my own name on my own car. My parents will be using the car while I'm away (and may even transfer it to their own names). Can I retain my NCB by renewing (when the time comes) with cheaper 3rd party fire and theft cover?

Is there any cheap way of retaining my NCB while I'm away?

I appreciate your input.

Cuddlesworth

Dont post in a six year old thread would be a start.

Tea rocks

Cuddlesworth wrote: »

Dont post in a six year old thread would be a start.

Others have replied to this six-year-old thread as little as a week ago, Cuddlesworth. It was a perfectly legitimate question on a thread that appears to be still active.

Do you have any actual constructive information to add to my post? That's what Boards is for, after all.

djimi

Tea rocks wrote: »

Hi all, I'm going abroad for two years and became aware of this issue after hearing people talk about it on radio. I'm anxious not to lose my NCB.

Atm, I have fully comp insurance in my own name on my own car. My parents will be using the car while I'm away (and may even transfer it to their own names). Can I retain my NCB by renewing (when the time comes) with cheaper 3rd party fire and theft cover?

Is there any cheap way of retaining my NCB while I'm away?

I appreciate your input.

Yes, just keep a policy active in your name and you should be fine. You dont even need to do it every year, just so long as the car doesnt go more than two years without cover.

TeaBagMania

Question: so if the OP pays the 1500 euro and drives for a year with no claims will their next year’s quote include an NCB with a premium returning to the 630 euro?
Or will they have to accumulate another 6 years of NCB to get that 600 euro rate?

djimi

TeaBagMania wrote: »

Question: so if the OP pays the 1500 euro and drives for a year with no claims will their next year’s quote include an NCB with a premium returning to the 630 euro?
Or will they have to accumulate another 6 years of NCB to get that 600 euro rate?

NCB is not the only factor in determining the premium, but yes they would need to build the NCB back up over time. Thats not to say an insurer might not take everything (age, experience etc) into account when calculating the base premium, so it might end up cheaper quicker.

TeaBagMania

Make sense now, so all NCB’s are not created equal. A 6 year NCB will carry more weight than a 1 year NCB.

Thanks

Tea rocks

Thanks for clarifying Djimi.