just had an accident(my fault) i have 10 years ncd (not protected)
will i lose the whole lot of my ncd or will they reduce it by so many years.

need to know as if i lose the lot i'll try and offer the other person some money as the car aint worth much.

any info post it up

cheers dave

 

If i am correct, they only count the first 5 years and knock two off, so you will have in effect 3 years NCD when you go to insure again.

In my experience, this made a difference of a few hundred quid shopping around, but my own insurance tried to double the policy the year after!!

 

Oh, remember, the third party may want to claim whiplash, and your insurance will thrown on any side dealings without their knowledge, yet, if you tell them about it, they will still make a note on your insurance and am pretty sure, this means next year and the next few years you will have to declare it.

Be careful that you don't make the third party a payment and they then try to claim ontop. Your insurance may back away at this point as you have not informed them about the bump.

 

you will lose 2 years of your no claims
as i have found out recently while shopping arund, not all insurance companies follow the same rules for ncd proof

one said they would count ncd if it was 3 years over the phone, then the paperwork came through asking for proof of ncd on a policy that expired less than 2 years ago, so i fooked them right off

there are other companies that will only give you a certain amount off as wel, but it varies between 70% and 75%, while other companies will give you discounts based on the loyalty of the customer

so it does pay to shop around but, then again, it also pays to be with them for a while as well as they may not be so harsh to try and keep you

also factor in the amount, putting different ammounts in will change the figure as an own fault claim where they have to pay out thousands won't be the same as a non fault where you were fully compensated for the accident

so if it's a little fender bender and you want to pay them cash to buy the car off them, then make sure it's in wiritng that that's what's happened or tell the insuarance company straight away that you've had a prang and to expect a claim form

 

losing 2 years aint so bad, i'll go with that.

thanks for the quick replys.

 

There is NO SET RULE, it is up to each insurer, so look in your policy.
Whatever you will have to declare it, but of course if there is no claim they cannot witdraw any NO CLAIM bonus, that does NOT stop them loading on the renrewal though.
It is TOTALLY LEGAL to settle without insurers, involvment but they must be told about accident, as other wise withholding info could invalidate.
Nothing you do has ANY bearing on any future claims he may submit to yourself or the insureres over the accident, so even if you pay him out he can still come back and WILL be successful, as your payment will be an admission of liability so will be easier for him.
tabetha