Hi,
I have just received an online quote of 250 euro for comprehensive insurance on a new family saloon. I have a full no-claims discount.
Step-back no claims discount will cost 18e extra.
In the event of a claim, my 50% discount becomes 20%.
Protected no-claims discount will cost an extra 40e on top of that.
I can have two claims in a three year period without affecting my discount.
In theory, this looks reasonable value. I am not a great driver as I have had to sort out a little dent or two in the past without resorting to the Insurance company.
In practice though, the above options protect my no claims discount not my no claims status. What is there to stop the Insurance company upping the cost of my insurance cover considerably, while still keeping my discount, if I do make a claim. I won't be in a position to shop around as I would no longer have a no-claims status.
Has anyone got any experience or thoughts on this?
Regards, Liz
I have just received an online quote of 250 euro for comprehensive insurance on a new family saloon. I have a full no-claims discount.
Step-back no claims discount will cost 18e extra.
In the event of a claim, my 50% discount becomes 20%.
Protected no-claims discount will cost an extra 40e on top of that.
I can have two claims in a three year period without affecting my discount.
In theory, this looks reasonable value. I am not a great driver as I have had to sort out a little dent or two in the past without resorting to the Insurance company.
In practice though, the above options protect my no claims discount not my no claims status. What is there to stop the Insurance company upping the cost of my insurance cover considerably, while still keeping my discount, if I do make a claim. I won't be in a position to shop around as I would no longer have a no-claims status.
Has anyone got any experience or thoughts on this?
Regards, Liz