Re: How will the insurance try to screw me?
 

You may have protected NCB, but when ( not if ) they increase the basic premium YOU IS WELL SHAFTED
HTH ;)
Oh, + enjoy Canada

Re: How will the insurance try to screw me?
 

It doesn't matter about NCB you still have to declare any claims or losses and as you are proposer of policy they will see it as your fault.

She bent it, get her to fix it. :)

Re: How will the insurance try to screw me?
 

If you are going to involve your insurance company, your going to pay for it. Regardless of who, when, where was driving it and regardless of no claims protection or not.

Insurance companies are the biggest swindlers out there.

Re: How will the insurance try to screw me?
 

an ex shafting you to! ouch
if the car is only worth a few hundred id sell it for scrap and not claim

Re: How will the insurance try to screw me?
 

Protected no claims isn't worth squat. These days 'no claims' is just a piece of marketing bull***t, since you have to disclose any claims and even non-fault claims appear to affect your premiums.

Years ago, no claims discount was used in calculating the premium. But these days it's all computerised scoring systems and 'cherry picking low risk demographics'. Which, given the random nature of traffic accidents, means they're using some pretty p*ss poor analysis.

So, IMO, 'protected no-claims' is just an excuse to screw you for another premium up front, with little or no beneficial effect on your future premiums. You may still have 60% discount on paper, but your basic premium has just doubled.

Anyone in the motor insurance industry care to comment?

Keith.

Re: How will the insurance try to screw me?
 

You are going to need a bigger tub of vaseline chap ;)

Re: How will the insurance try to screw me?
 

I'm no longer significantly involved in private motor insurance but I have some sympathy with what you're saying.

No Claims Bonus is, and always was, a device invented by insurers to discourage you from claiming. It's no more or less than that.

Now premium generation is computerised it is very easy for the gross premium to be significantly manipulated upwards, making the amount of discount meaningless. You couldn't have done that in the old days of the printed rating matrix.

However, there's plenty of alternatives out there and virtually no barriers to switching, so if one insurance company is getting their rating wrong another insurer will pick up that business.

Re: How will the insurance try to screw me?
 

At the end of the day, seeing as it is only worth 2.50 there's not a lot to worry about.

Re: How will the insurance try to screw me?
 

Where's the Option " Slowly, very slowly - to prolong the pain " ?

Re: How will the insurance try to screw me?
 

Vaseline up mate your going to be shafted.

I'm guessing she's crashed the tank?
Its worth £4.99