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2nd car insurance NCD

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Hi all,

 

I've tried searching for an answer, however I can't find anything definitive, so here goes:-

 

as I understand it,the NCD is for the person, I say this, as if you have an accident you (the person) lose your NCD regardless of what car, van, lorry (unless you have a protected NCD, or would affect your NCD

 

Also reinforced by the fact that if someone driving your car on a TP insurance on their policy, you don't lose your NCD.

 

now, then, if the NCD is for the vehicle and not the insured owner, why, when you change your car do you not have to start the NCD process all over again.

 

The whole insurance industry appears to be one big [problem].

 

I'd really like someone to explain in simple terms what this is all about......Or if you believe that car insurance should be for the driver, maybe lobby the insurance companies to be realistic and sensible......Is this legal even.

 

Why should I, a driver with no accidents or claims should pay £195/year for the car I have now, but a second car would cost me nearly £1k. I shan't be driving the two cars at the same time, and whatever car I wont be driving will be locked up securely

 

Comments explanations would be very much appreciated. is there some way I can get a better fairer deal??

 

 

Thanks all

 

Ken

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Simple solution insure the second car with your original insurer , they should be able to match the NCD for both cars

 

 

Hi all,

 

I've tried searching for an answer, however I can't find anything definitive, so here goes:-

 

as I understand it,the NCD is for the person, I say this, as if you have an accident you (the person) lose your NCD regardless of what car, van, lorry (unless you have a protected NCD, or would affect your NCD

 

Also reinforced by the fact that if someone driving your car on a TP insurance on their policy, you don't lose your NCD.

 

now, then, if the NCD is for the vehicle and not the insured owner, why, when you change your car do you not have to start the NCD process all over again.

 

The whole insurance industry appears to be one big [problem].

 

I'd really like someone to explain in simple terms what this is all about......Or if you believe that car insurance should be for the driver, maybe lobby the insurance companies to be realistic and sensible......Is this legal even.

 

Why should I, a driver with no accidents or claims should pay £195/year for the car I have now, but a second car would cost me nearly £1k. I shan't be driving the two cars at the same time, and whatever car I wont be driving will be locked up securely

 

Comments explanations would be very much appreciated. is there some way I can get a better fairer deal??

 

 

Thanks all

 

Ken

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Please bear in mind that some people try and get a second NCD entitlement so that they can then add a young (high risk) driver to the policy a week or two down the road…

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Admiral multicar may be a solution

 

The NCD is relative to one policy only not two, as you would have if you insure the 2nd car, unless you can do it with a multicar policy, ie the one admiral do


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All the talk about NCD seems to be on the basis that it has some legal basis backed up by law. It does not. It is purely a practice of Insurers over a long period of time that has developed, with it becoming standardised within the industry, with a few minor differences applying.

 

A person builds up NCD entitlement on one car and if they have a second car, they can build up a separate second NCD entitlement on that second car. The reason they do that, is that the Insurers don't want to for financial reasons offer the same discount as the first car on a second car.

 

If people expect Insurers to offer NCD entitlement earned by one person to be shared on multiple cars, then all that would happen is that Insurers would adjust the premiums. At the end of the day, the Insurers have to collect the premiums required to be able to cover all the risks they are holding and to be profitable. If you look at the accounts of most UK Insurance companies, over the last 10 years, Motor Insurance has not been that profitable.


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