10 replies to this topic

[MickMX5]

Afternoon everyone!

New here and hoping to be an MX5 owner soon.
I want to put my student loan to good use and buy a mk1. However, my problem is that I had to sell my car a few years ago to fund college and my move away for university. I had 2 years ncb but having not driven a car in the last 2-3 years will they be lost? Does that driving experience count for much?

Any information would be appreciated. If they are lost I'll run quotes without the ncb but some clarification now would be good.

Thanks in advance!

[2muchchrome]

I recently got rid of the family car and currently only have the MX5 on a classic policy (which doesn't use no claims). Was told I would have to take out insurance within 2 years to avoid losing my no claims. Too late to help you now but I don't know if you could have taken out a policy, provided your no claims and then cancelled within the cooling off period (typically 14 days) to get a proof of no claims reissuedfor free which may have reset the 2 year clock?

[MickMX5]

Ah well! Something to consider if it happens again. Thanks for the reply! Guess I'll run quotes again

Cheers!

[nickbee]

Different insurers have different attitudes towards this, but the majority will consider a gap of over two years to be too big a break and reset your NCB to zero. However it's certainly worth asking the question when you get quotes. Mind you, the quotes will vary much more than 20% anyway so don't get too hung up on it.

[2muchchrome]

Don't give up on the no claims though. Maybe someone will honour them as they do for company car drivers?

[MickMX5]

Thanks guys. I'll see what my potential insurers say.
Hopefully I can still get myself an mx5 :-)

[Monkfish]

To answer your question; generally, yes. Same applies for a car on a classic car policy. Yuki has been on one for two years now and she'll have to be put on a normal policy for a year or I'll lose my 10yrs NCD.

It's fucking bollocks but that's the insurance industry for you.

[Ghostrider]

If you've still got your proof on NCB that you can show the next insurer, some will accept it. I was out of the country for 5 years and lost full NCB and Adrian S Flux reinstated it with Aviva. Of course they tried to back out of it once I sent the paperwork in but that is why all calls are recorded
As for the classic car policy I was told the classic car had to be a second car. Sounds like that is dependant on the company too. Have a go. The worst they can do is say no.

[MickMX5]

Thanks everyone. I'll see what they say. Still got some saving to do but didn't want to be searching for a car that I can't insure. Cheers!

[tyrantmiata]

bit off topic but I was shocked when my insurance went up due to no fault claims in the past, £100 more because of 2 idiots which drove into the back of me at traffic lights on two different occasions within the space of a month! any way to get more money from us ay!

[SGWilliams]

not really, all their prices are justified however no one (not even staff) see the raw data, too sensitive that it would give other companies an advantage with it comes to pricing. One thing most people do is look at insurance for just themselves, whereas an insurance companies price is based upon an average of their whole customer base