Car insurance NCB reduced by 3 yrs?

[tali1]

Friend had 5 years NCB made car theft claim and his insurers have reduced his NCB by 3 yrs down to only 2 yrs NCB- i thought they only took a year off -or is it different for a theft claim?

[Ethel]

It makes no difference why the insured is claiming - it is 'no claim' rather than 'no fault'. You are wrong to think that one claim is a reduction of one year:

If a driver has the maximum number of NCB years allowed, and it is their first accident, some insurers may not take away all the discount. Instead, they may 'step it back' and reduce the NCB from 5 years to 2 years. So it is worth checking with the insurer to find out their policy on NCB before buying cover with that company.

http://www.confused.com/buyersguide/no-claims- bonus-explained.jsp

[NORMANTHEDOG]

for a fee you can allways protect your ncb. well worth it.

[Jugglering]

Yes, you can protect your *no claims* bonus (not your *no blame bonus* lol) but usually only for one incident... Insurance companies really are looking to reduce claims, hence the no blame culture, not the no claim... Come on, they have their huge profit margins to protect after all !