Quote:
Originally posted by moto748
I've got protected no-claims on my bike, and now I've just made a large-ish claim, I'lll be "interested" to see what impact it has when I renew next year.
Watch this space come January... |
Years back I had a short contract with one of the big "Direct" Insurers, and it was quite an eye-opener. Protecting your No-Claims is definitely worth it but, if you have a claim, your next premium will still go up. The claim will mean your base premium will go up, although you will still get the maximum discount off it. If you didn't take the protected option, your base premium would go up AND the discount allowed would plummet. This is how some car insurers offer "guaranteed" no-claims...you start with a £300 base premium with a 60% discount, after a few prangs, you still get 60% discount, but now its off a £700 base premium.