Losing NCD when buying new ride?

[Ordix]

Hi bros,

 

I renewed my car insurance last yr Oct 30%NCD.

Getting my new ride next week or so...

Although I can transfer my 30% to my new ride, I can only get 40% NCD next yr May?

So technically I will lose my 7mths of prorate 30%NCD?

Any work around?

I read on a thread that I should buy new ride insurance 0 NCD and continue service my old 30% NCD insurance.

Then once my old insurance get 40%NCD, new insurance will refund the excess amount and warrant me with 40% NCD...

Any old birds here can advice?

 

SE told me even I drive 11mths 29days also will forfeit my prorate NCD....

My current insurance is almost 50% of my new ride insurance amount.........

so... I dun mind continue to service the amount if I can get refund back later n get my 40% NCD in Oct...

 

 

[Wolfy3769]

that the system....no way u can work ard them... unless u plan ur car change according to ur insurance period...

[Kingkong]

If your new car insurance co is AIG, maybe got chance.

 

What happen to me was I sold off old car about 7 months into the coverage, for a new car.

New car NCD was same as old car, @ 20%.

Then when renewal for new car, AIG auto offered 40%.

 

So catch is, stay with AIG for at least 2 years.

 

Anyway, that's my experience.

Don't know if it'll work for others or not.

Edited May 22, 2011 by Kingkong

[Ordix]

Yeah the new insurance is AIG (now call Chartis)...

so you mean during my renewal next yr May, AIG will offer me 50% in my case? I do not have to do anything?

 

[Kingkong]

Yeah the new insurance is AIG (now call Chartis)...

so you mean during my renewal next yr May, AIG will offer me 50% in my case? I do not have to do anything?

It was offered to me when I called up to confirm my new NCD just before renewal.

I quick 'chop' the offer by renewing with them immediately, so as to clock it in permanently.

I believe if I changed insurance co, I'll be at their mercy whether to offer the extra 10% or not.

 

As mentioned earlier, I don't know if this will apply to your case or not.

Anyway, I'm also an offence-free driver, and 40 yo then.

So I guess they feel I'm 'safe' enough to be offered this slight incentive lar.

 

Again, don't tell them I say one hor...

Edited May 22, 2011 by Kingkong

[Ordix]

Cool! nice to hear that :)

thanks!

[Patricklyb]

Hi bros,

 

I renewed my car insurance last yr Oct 30%NCD.

Getting my new ride next week or so...

Although I can transfer my 30% to my new ride, I can only get 40% NCD next yr May?

So technically I will lose my 7mths of prorate 30%NCD?

Any work around?

I read on a thread that I should buy new ride insurance 0 NCD and continue service my old 30% NCD insurance.

Then once my old insurance get 40%NCD, new insurance will refund the excess amount and warrant me with 40% NCD...

Any old birds here can advice?

 

SE told me even I drive 11mths 29days also will forfeit my prorate NCD....

My current insurance is almost 50% of my new ride insurance amount.........

so... I dun mind continue to service the amount if I can get refund back later n get my 40% NCD in Oct...

 

What is your ride?