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Do I lose my NCB if I take a break?

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  • 22-11-2017 5:35pm
    #1
    jon1981
    Registered Users Posts: 4,359 ✭✭✭


    Hi,

    I'm insured on my own car 15 yrs now with a solid NCB. My wife also has a car and we are both insured on each others. I cycle now and rarely use my car and I'm thinking of selling it.

    However if I were to sell it and decide in 2-3yrs i need another car would I be hammered with high insurance due to the break in cover or would the fact i'm insured on my wifes car cover me ?

    J


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    #2
    Avatar MIA
    Closed Accounts Posts: 6,750 ✭✭✭Avatar MIA


    jon1981 wrote: »
    Hi,

    I'm insured on my own car 15 yrs now with a solid NCB. My wife also has a car and we are both insured on each others. I cycle now and rarely use my car and I'm thinking of selling it.

    However if I were to sell it and decide in 2-3yrs i need another car would I be hammered with high insurance due to the break in cover or would the fact i'm insured on my wifes car cover me ?

    J

    I don't think being on your wife's insurance would keep your NCB. I think after two years you'd lose it. Happens to people who become sales reps and the company insures them.


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    #3
    biko
    Registered Users Posts: 81,220 ✭✭✭✭biko


    Yeah, it is valid for 2 years. Ask your insurer specifically though. They may have some option you can avail of.

    https://www.kennco.ie/blog/no-claims-bonus-expired/
    Are you aware that if you have a gap of 2 or more years in your car insurance cover, your no claims bonus may have expired? Many drivers in Ireland are unaware than if they have do not have an insurance policy in their own name in Ireland for more than 2 years, they may lose their entire no claims bonus.


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    #4
    CoDy1
    Registered Users Posts: 1,637 ✭✭✭CoDy1


    Your NCB is valid for 2 years, in some cases 3 yrs now.

    And as long as you remain a named/2nd driver for this time, you will still have a continuous record of insurance (providing no breaks and no claims) so this will be taken into account when you seek cover in your own name in the future.


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    #5
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    CoDy1 wrote: »

    And as long as you remain a named/2nd driver for this time, you will still have a continuous record of insurance (providing no breaks and no claims) so this will be taken into account when you seek cover in your own name in the future.

    Which will be worth f-all when it comes to an actual quote.


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    #6
    CoDy1
    Registered Users Posts: 1,637 ✭✭✭CoDy1


    Harry Palmr wrote: »
    Which will be worth f-all when it comes to an actual quote.

    As opposed to no proof of driving it would be worth quiet a lot actually..


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    #7
    jon1981
    Registered Users Posts: 4,359 ✭✭✭jon1981


    Thanks for all the feedback, some food for thought there. It's a ridiculous reason to keep a car I don't or rarely use just to keep my premium low (currently 500 euro). I like the rotation idea with the wife, might look into that.


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    #8
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    I agree it's mad but insurance companies probably see it as a way of extracting a bit more money out of the driver cohort.


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    #9
    Cakerbaker
    Registered Users Posts: 850 ✭✭✭Cakerbaker


    My husband and I have one car and swap our insurance over and back every year so we both keep our no claims bonus. No issues at all. From talking to our broker it seems common enough.


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