Car Insurance

[NISAR1]

I currently have a car and have 11 years no claims bonus. I need another car too which will be registered in my name I obviously cannot use my no claims bonus on this as I have used it on my 1st car.

The question is after a year can I add my 1 year no claims to my first car (after 1 year I will have another no claims to add to my 11 years which will then be 12 plus another year from my 2nd car totalling 13 years.

[Postdog]

ok, I may be thick and I have never owned two cars, but why is it obvious you cannot use your accrued no claims bonus....it relates to you as a driver, not the cars you have or have had.

[factor-fiction]

I think nisari is right, Postdog- that's what i recall from my (few) days in insurance-although i can't immediately think of a justification

[SirOracle]

Who will be the driver of the second car Nisar ?

Are you the only driver on both cars ?

[bhg481]

I can't understand what you're trying to do. The maximum useful no-claim period is about 5 years, depending on company - that gives you full NCD. If you make a claim then your NCD gets knocked back 2 steps, however many years you've gone without a claim.
As a separate entity, most insurers will start you with 40% NCD if you have a good no-claim record when you come to insure a second car.

[EcclesCake]

Some insurance companies offer a policy for multiple cars and take your existing NCD into account. Have you spoken to your current policy provider?

Even if you don't go with you current provider most Ins Cos will take account of your current NCD.

Well, that has been my experience!

[Sycamore3House]

I looked into insuring a second car last year and was told that I could split my 10 years+ NCD between the two cars. But you can also get multicar policies where if you are the only driver you therefore can only drive one car at any one time and you get a discount for that reason.
Can't see what the point of accruing you NCD as you suggest.

[NISAR1]

My first car is a sports car and do not really want to use it to commute everyday costs a fortune. Insurance companies have told me in the past that no claims bonus can only be used on one car which is the case already and this is being used on the sports car. I am thinking of getting a diesel and I will be the only driver on both cars. Hope this makes sense.

[SirOracle]

Agree with Sycamore. Go with your existing Insurer and you should get a good quotation,with your NCD and you as only driver on both cars.

[fourteen85]

BHG, I have just had my car renewal quote from the COOP and they have given me an extra years ncb making it 9 years

[bhg481]

Fine Fourteen - most companies give 30%, 40%, 50% then 60% for the first 4 years and then no increase after that (some do give 1 more year, but I've found that they are more expensive in the first place, so it cancels out). If you have an accident you go back 2 steps (usually) ie, from 60% to 40% or 50% to 30%. I'd be interested to know the percentage discounts you get from your company for anything over 5 years no-claims. In other words, is 9 years any better than 8 years?

[SirOracle]

bhg The ncb is the same for say 9 years as for 8 years.
The number of years shown on your renewal is irrelevant really. It is purely cosmetic but they think the Insured likes it.
Makes a good boasting point in the pub,or on computer sites.

[bhg481]

SirOracle - exactly the point I was making. Anything over 4 or 5 years is purely cosmetic. Once you've reached full discount it makes no difference.

[ToraToraTora]

no, in the abscence of some sort of multicar policy the 2 NCB, progress in parallel so so after a year you'll have 1 and 12 then 2 and 13 etc. You cannot add them together. I did this a couple of years ago and I did a quote on a comparison site as if I had 0 NCB, it came out cheap as chips anyway.

[ladybirder]

Just got my Renewal in front of me and it says - 79.5% NCD for 9 years (the maximum).
Sorry NISARI for not answering your question but wanted to put in my 5 penny worth