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No claims bonus protection vs step back

  • 18-01-2019 1:05pm
    #1
    restive
    Banned (with Prison Access) Posts: 1,066 ✭✭✭


    I have two quotes boi car insurance with step back €550 versus 25plus €590 with no claims bonus protection €590.
    Which is better value?
    Thanks


Comments

  • #2
    uck51js9zml2yt
    Closed Accounts Posts: 18,268 ✭✭✭✭uck51js9zml2yt


    Full no claims protection is worth having.


  • #3
    restive
    Banned (with Prison Access) Posts: 1,066 ✭✭✭restive


    Braylon Loud Tango wrote: »
    Full no claims protection is worth having.

    Thanks for replying. So I should pay the extra 40.


  • #4
    adelcrowsmel
    Registered Users, Registered Users 2 Posts: 1,023 ✭✭✭adelcrowsmel


    restive wrote: »
    Thanks for replying. So I should pay the extra 40.

    Definitely worth it!!


  • #5
    kala85
    Registered Users, Registered Users 2 Posts: 1,907 ✭✭✭kala85


    adelcrowsmel wrote: »
    Definitely worth it!!

    Does bonus protection actually work.

    Like when it comes to renewal and I have to declare a claim, will my insurance still increase at renewal.


  • #6
    GM228
    Registered Users, Registered Users 2 Posts: 8,922 ✭✭✭GM228


    kala85 wrote: »
    Does bonus protection actually work.

    Like when it comes to renewal and I have to declare a claim, will my insurance still increase at renewal.

    When there is a protected no claims it usually sees the premium still increase (loading) following a claim, but the percentage no claims discount won't decrease.

    Many make the mistake of thinking a protected no claims bonus projects their premium, it does not, it simply protects the NCB discount.


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  • #7
    kala85
    Registered Users, Registered Users 2 Posts: 1,907 ✭✭✭kala85


    If I make a claim and I have no claims bonus protection, will my premium increase by much..

    If the premium increases with no claim bonus protection then it looks like the protection is a bit of a scam

    What happens if I change insurers and go over to another insurance company after I have made a claim with the bonus protection.


  • #8
    Eggs For Dinner
    Registered Users, Registered Users 2 Posts: 3,008 ✭✭✭Eggs For Dinner


    Only the insurer that you paid to protect your bonus is obliged to recognise it. It is a contract condition both parties have agreed to. Any alternative insurers are not bound by that agreement. However, I believe some might on a case by case basis


  • #9
    Cows Go µ
    Registered Users, Registered Users 2 Posts: 902 ✭✭✭Cows Go µ


    kala85 wrote: »
    If I make a claim and I have no claims bonus protection, will my premium increase by much..

    If the premium increases with no claim bonus protection then it looks like the protection is a bit of a scam

    It might increase even with bonus protection - no one can say by how much, however it will increase by significantly more if you had no NCB protection


This discussion has been closed.
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