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NCB - how long can I keep it after policy expires?

  • 15-08-2019 10:12am
    #1
    masculinist
    Closed Accounts Posts: 1,616 ✭✭✭


    How long does my NCB last ? I have a lengthy one well over the 5 years NCB but if I wait a while I can save for a better car . My work has taken away our car parking for a year too so I'm using the bus.

    Does NCB retention vary from company to company or is it consistent for everyone ?


Comments

  • #2
    Jb1989
    Registered Users, Registered Users 2 Posts: 2,505 ✭✭✭Jb1989


    masculinist wrote: »
    How long does my NCB last ? I have a lengthy one well over the 5 years NCB but if I wait a while I can save for a better car . My work has taken away our car parking for a year too so I'm using the bus.

    Does NCB retention vary from company to company or is it consistent for everyone ?

    2 years then it's lost


  • #3
    masculinist
    Closed Accounts Posts: 1,616 ✭✭✭masculinist


    Jb1989 wrote: »
    2 years then it's lost

    is that by law , regulation or agreement in the insurance industry ?


  • #4
    Eggs For Dinner
    Registered Users, Registered Users 2 Posts: 2,999 ✭✭✭Eggs For Dinner


    masculinist wrote: »
    is that by law , regulation or agreement in the insurance industry ?

    The no claim bonus system has no basis in law or regulations ( other than your insurers are obliged to provide you with a copy of your driving record)

    An insurer is free to accept, reject or ignore any NCB. The reason insurers all seem to have a standardised 2year cut off is because insurers want to avoid taking on a disproportionate number of cases where there is an extended gap in the recorded driving history of an individual


  • #5
    NUTLEY BOY
    Registered Users, Registered Users 2 Posts: 2,344 ✭✭✭NUTLEY BOY


    Eggs For Dinner wrote: »
    The no claim bonus system has no basis in law or regulations ( other than your insurers are obliged to provide you with a copy of your driving record)

    An insurer is free to accept, reject or ignore any NCB. The reason insurers all seem to have a standardised 2year cut off is because insurers want to avoid taking on a disproportionate number of cases where there is an extended gap in the recorded driving history of an individual

    Fair enough.

    What is the attitude of insurers to a driver who has been driving continuously under a policy not in their name and who has no NCD in their name for that period.

    An example.
    I have my own car and NCD for 15 years.
    I sell my car and drive my wife's car as a named driver under her policy for 5 years.
    How would that be viewed ?


  • #6
    stimpson
    Registered Users, Registered Users 2 Posts: 7,821 ✭✭✭stimpson


    NUTLEY BOY wrote: »
    Fair enough.

    What is the attitude of insurers to a driver who has been driving continuously under a policy not in their name and who has no NCD in their name for that period.

    An example.
    I have my own car and NCD for 15 years.
    I sell my car and drive my wife's car as a named driver under her policy for 5 years.
    How would that be viewed ?

    An Post insurance gave my missus cover for a period of named driving (4 years I think?).

    Now we have one car and swap insurance every year to keep both NCD's.


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