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Insurance for 2 cars

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  • 23-12-2018 6:42pm
    #1
    normanbond
    Registered Users Posts: 336 ✭✭


    I am going to insure 2 cars with 2 separate insurance policies in my own name.
    If I was unfortunate to have an incident with one car and made a claim, would I lose my no claims bonus on both policies as both would be in my name?


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    #2
    p33
    Registered Users Posts: 17 ✭p33


    normanbond wrote: »
    I am going to insure 2 cars with 2 separate insurance policies in my own name.
    If I was unfortunate to have an incident with one car and made a claim, would I lose my no claims bonus on both policies as both would be in my name?

    I think you might. Also If you have a full no claims bonus, you can only use it on one policy. You can’t spread it over both policies


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    #3
    Snotty
    Registered Users Posts: 1,298 ✭✭✭Snotty


    Separate policies, so accident on one will not effect the no claims bonus on the other.
    You still need to declare the claim when renewing your other policy, but shouldn't be an issue if you have no claims for that policy.


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    #4
    galwaytt
    Registered Users Posts: 12,776 ✭✭✭✭galwaytt


    normanbond wrote: »
    I am going to insure 2 cars with 2 separate insurance policies in my own name.
    If I was unfortunate to have an incident with one car and made a claim, would I lose my no claims bonus on both policies as both would be in my name?

    Each policy and each claim is separate, with it's own NCB, and the other policy is not affected.

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    #5
    coylemj
    Registered Users Posts: 25,455 ✭✭✭✭coylemj


    But if the OP wants to get a quote from a different insurance company, s/he would be obliged to declare a claim on either of the existing policies. So it's all very well saying that you keep each NCB separate, your insurance company still can screw you after just one claim on one of the policies because they know that you won't be able to go elsewhere.


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    #6
    Snotty
    Registered Users Posts: 1,298 ✭✭✭Snotty


    coylemj wrote: »
    But if the OP wants to get a quote from a different insurance company, s/he would be obliged to declare a claim on either of the existing policies. So it's all very well saying that you keep each NCB separate, your insurance company still can screw you after just one claim on one of the policies because they know that you won't be able to go elsewhere.

    Assuming we are still taking about renewing the second, non claim policy.

    Yes you declare it, but no, it's not going to screw you over. Your policy ends and you have a 1/2/full no claims bonus on it and that is what the other insurance company will base their quote on, you'll actually find the declare won't hurt you at all, this is from experience, plenty of people with more than 1 policy.


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    #7
    Marcusm
    Registered Users Posts: 10,350 ✭✭✭✭Marcusm


    Snotty wrote: »
    Assuming we are still taking about renewing the second, non claim policy.

    Yes you declare it, but no, it's not going to screw you over. Your policy ends and you have a 1/2/full no claims bonus on it and that is what the other insurance company will base their quote on, you'll actually find the declare won't hurt you at all, this is from experience, plenty of people with more than 1 policy.

    They will still give the discount but the base premium will be adjusted to take account of the claims experience. An NCB is not a guarantee that the premium won’t increase.


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    #8
    Snotty
    Registered Users Posts: 1,298 ✭✭✭Snotty


    Marcusm wrote: »
    They will still give the discount but the base premium will be adjusted to take account of the claims experience. An NCB is not a guarantee that the premium won’t increase.

    Nothing is guaranteed with insurance renewals, phone around as normal and very easy to tell if you're getting a loading, just need 2 calls, first one leaving the claim out.


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    #9
    ShauntaMetzel
    Registered Users Posts: 238 ✭✭ShauntaMetzel


    Better to ask a local insurer regarding fleet insurance. Yes, in fleet insurance you can get insurance for more than one vehicle. However, I am not sure whether it is only for commercial vehicles or also give coverage for personal cars too.


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