Bike no claims...

[BanditPat]

Theres a couple of insurers that let you use your bike no claims on a car. Any one done it? I'm thinking two years no claims from the bike might be useful in money department the bike insurance is cheap as chips any ways. Any one know what kind of discount I would get with 2 years??

[Dave20046]

Any one know what kind of discount I would get with 2 years??
Only the insurer...

[TazDaz]

Insurance is all smoke and mirrors! Only way to know is to get a few quotes!

[keith_d]

I think TazDaz is being far too generous. I suspect the whole "no claims" thing is nothing more than a marketing exercise, and bears no direct relation to the premium you are charged. The classic example is the person with a 'protected no-claims' who has an accident. He still has six years no claims but that doesn't stop his premiums zooming up.

The 'no claims discount' is just a convenient fiction from the days when underwriters used to use paper tables to calculate risks and then apply a genuine no-claims discount. These days I'd expect them to plug your age, sex and accident history into a computer model.

Am I being unfairly cynical? Anyone here on an underwriting panel??

Keith.

[BanditPat]

my age and sex work against me ;) accident history isn't to bad to date well nothing involving any one else any ways

[speedplay]

my age and sex work against me

not if your insured with either michael jackson or gary glitter...

[BanditPat]

I thought I was to old for both of them?

[Dave20046]

I think TazDaz is being far too generous. I suspect the whole "no claims" thing is nothing more than a marketing exercise, and bears no direct relation to the premium you are charged. The classic example is the person with a 'protected no-claims' who has an accident. He still has six years no claims but that doesn't stop his premiums zooming up.

The 'no claims discount' is just a convenient fiction from the days when underwriters used to use paper tables to calculate risks and then apply a genuine no-claims discount. These days I'd expect them to plug your age, sex and accident history into a computer model.

Am I being unfairly cynical? Anyone here on an underwriting panel??

Keith.
Nah I have two policies, one with 0NCB, one with 1NCB both with an accident recorded. Policy 2 almost halved when the NCB was available, policy 1 stayed the same price for the next year.

[Quedos]

I think TazDaz is being far too generous. I suspect the whole "no claims" thing is nothing more than a marketing exercise, and bears no direct relation to the premium you are charged. The classic example is the person with a 'protected no-claims' who has an accident. He still has six years no claims but that doesn't stop his premiums zooming up.

The 'no claims discount' is just a convenient fiction from the days when underwriters used to use paper tables to calculate risks and then apply a genuine no-claims discount. These days I'd expect them to plug your age, sex and accident history into a computer model.

Am I being unfairly cynical? Anyone here on an underwriting panel??

Keith.


i agree with keith - protected NCB for 9 yrs non fault accident last year and premiums still pushed up