No Claims Bonus

[zebedee]

I'd like some help about no claims bonuses please.

I drove a company car and had an accident in my last year, so I can't get any benefit through that.

I now drive my own Ford Mondeo so am starting with no no claims bonus at all, which is fair.

I am wanting to buy a group 20 insurance group car, so my thinking was to wait until after a full year with the Mondeo is complete then I can say 'I've got a one year's no claims bonus', which will make about £2000 difference. BUT I want to keep the Mondeo.

As I have looked into it though, it seems I can't apply the no claims bonus to BOTH cars at the same time, and will have to start from scratch on the sportscar - is this correct or do any insurers recognise the fact that you've been accident free for a year and can only drive one of your cars at once?

If it is correct, and I can only have one car with a no claims bonus in the year after I buy the sportscar, can I transfer the no claims bonus from the Mondeo to the sportscar, effectively starting at nil again on the Mondeo, as obviously it is in a lower insurance group, so the increase would not be as bad as paying full whack on the sportscar.

Finally, do limited mileage policies earn a no claims discount?

I hope this makes sense and I'm sure someone out there has had a similar experience so they can explain it to me!

Cheers

>>> Edited by zebedee on Friday 19th April 07:04

[bob the planner]

Zebedee,

You should find that if you take out a new insurance policy on the Mondeo (complete with no no claims bomus) you can transfer the NCD to another insurance. I did this between my Mk2 Escort & XJS. This may be the cheapest option (might depend on the limited miles!)

Limited milage insurance do qualify for NCD, well mine did via the AA.

There may be another way, I seem to remember reading somewhere on PH about a single policy that covers more than one car. It may not be cost effective for only 2 cars but may be worth trying to find out.

Bob

[Jason F]

Also it is possible to get a classic car policy (depending on what other car you are looking for, a 350i can qualify ) which does not use NCB, and so you have a classic policy on one and the ordinary cover on the other..

[mel]

Find yourself a good local broker you can talk to. In my case I have a total of 6 vehicles (2 vans, 1 car driven by employee, my work car, my play car, wifes car) in my name (plus bike policy which is totally seperate) Of those 6 vehicles 2 have claimed in the last 5 years one of which went against the driver (not me). They are all seperate policies and not "fleet" but all appear to have full protected NCD, I haven't a clue about the actual mechanics of it but then again I don't work in insurance, those that do seem to be able to work some pretty good deals when they choose.