Hi all, I have a quick query regarding no claims bonus.

I have applied for a job that gives me a company car.

I currently have 6 years no claims on my car and intend on keeping it that way. Obviously with a company car my personal mileage will drastically reduce to less than 5k. It would be silly to keep the VRS being a diesel and paying monthly for a car that will barely get used - Might be for sale soon - watch this space!

What I would like to know is the best way of keeping my 6 years no claims? I can use the company car for personal miles @ 10p per mile (would work out cheaper than running a second car) but don't think i would be able to keep my no claims. I have thought about a 2nd car like a MK2 Golf GTI but looking at quotes they are coming out the same as the VRS!!

So just wondering if anyone has any bright ideas for keeping my NCB for the least possible expense?

Do they offer a car allowance instead of the company car? It may be worth doing the sums to see if it's worth keeping the vRS.

I was in the company car scheme before opting out and cost wise there is very little in it whilst giving me the choice of car rather than what the fleet manager wants to give me. Obviously, you don't have the security of if something major goes wrong just calling the fleet manager and saying "Car's knackered, you pay for the fix..." but I felt it was worth opting out. It also means that if I change jobs I don't need to worry about sourcing a car if the new role doesn't offer a company car...

Hi all, I have a quick query regarding no claims bonus.

I have applied for a job that gives me a company car.

I currently have 6 years no claims on my car and intend on keeping it that way. Obviously with a company car my personal mileage will drastically reduce to less than 5k. It would be silly to keep the VRS being a diesel and paying monthly for a car that will barely get used - Might be for sale soon - watch this space!

What I would like to know is the best way of keeping my 6 years no claims? I can use the company car for personal miles @ 10p per mile (would work out cheaper than running a second car) but don't think i would be able to keep my no claims. I have thought about a 2nd car like a MK2 Golf GTI but looking at quotes they are coming out the same as the VRS!!

So just wondering if anyone has any bright ideas for keeping my NCB for the least possible expense?

Some (a lot /all?) insurance companies will give you a nc bonus based on the company car driving record. I had company cars for about 9 years and got a 3yr NCB with (Norwich Union) on leaving the scheme even though I'd had an at fault accident 2 years before. I got the car scheme admin to write a letter of confiramtion to my accident (or lack off) record.

I think also, you may find that the bonus exists for 2 years anyway. I've seen on some insurance sites that NCB's up to 2 years old are honoured.

HTH

Steve

EDIT: A quick Google reveals:

We will reward your claim-free driving where you have recently relinquished a company car that you had sole use of.

If you’re over 25 and can confirm that you have made no claims on the company policy, then the Company Car No Claims Discount could mean that you are entitled to a discount of up to 5 years No Claims Discount on a policy you accept with us.

How do I prove my NCD to you?

An original car insurance renewal notice is probably the simplest way to prove NCD. We will also accept a policy schedule or a letter from your previous insurer stating who the NCD applies to, when it was earned and the amount of discount earned. We can only accept NCD where the previous insurance policy expired less than 2 years ago.

Can I use the NCD I built up with my company car?

Yes, we do allow a discount for drivers who have driven a company car claim free. You would need to supply us with a letter from your employer stating the following:

* how long the Regular Driver was insured with the company

* full details of accident, claims and loss history

* confirmation that the Regular Driver had sole use of the vehicle including personal usage.

Proof of Company Car No Claims Bonus

You may have had a company car for the last few years and this is your first policy 'on your own'. If this is the case, your no claims bonus would have been earned on the company car. We can allow a discount on our policies for this, but would just need to see proof from your company. This generally is provided in the form of a letter from the Insurers of the vehicle, or a letter from your Company stating the dates that you had the vehicle from and to, and that you had no claims during that time period.

Edited 13 October, 201015 yr by sdenny

Keep records of your existing NCD. With taht and your (non) accident record on a company car most reputable companies will put you back in the same (or at least close) position when you return to private ownership.

Thanks for all your help! I have been offered the job today so now need to decide what to do!

I can't opt out as they will not let me use my own car. I would be doing 40k+ a year. They say that I need an estate car also but may see if they would be willing to transfer ownership of my car to them as I really don't want to part with it! Also the boot size is on a par with an estate!

I have all my previous 'proofs' of NCB so will keep these and check with the company if I would be named on 'my' car policy or not.

I returned to private ownership ten years ago after having a company car for years - if you shop around ,with a decent record you should ( as i did) get a nice little intro bonus ( I got 60%) . Most companies that I seen recently only let you go back two years .

Most companies are very professional when their employees leave and respond promptly when contacted for a letter stating claims history. Occasionally, there can be problems, so keep your own records.

Make sure you know who the insurer is.

Keep your P11Ds and ensure the reg is on it.

Keep a record of mileage when take and give back a car.

I know of a company whos sales team resigned en masse. Their former company refused to reply to requests for claims history. Requests under the Data Protection Act (1998) failed because any claims were not on the employee records provided. AFAIK, all of them had their no claims history honoured based on the above information.

Thanks for all your help! I have been offered the job today so now need to decide what to do!

I can't opt out as they will not let me use my own car. I would be doing 40k+ a year. They say that I need an estate car also but may see if they would be willing to transfer ownership of my car to them as I really don't want to part with it! Also the boot size is on a par with an estate!

I have all my previous 'proofs' of NCB so will keep these and check with the company if I would be named on 'my' car policy or not.

Unlikely you'll be named as it will be almost certainly be a group policy covering you for all vehicles in the company. Very few companies own the vehicles too (most lease) so the transfer of ownership may not be an option either

As said above, keep your current NCD proof and assuming you have a clean record with the company, when you go back to your own car, get a letter from them stating how long you've been claim free with the company as most insurers will give you NCD based on this...

Well thanks for your help but wont be taking the job at the moment due to them not offering enough. Cars are bought there not leased due to the mileage.

NCD is normally valid for two years (keep your last renewal which has the proof of NCD), therefore you can go for two years without insuring, just remember to insure something at the end of year two to keep the NCD going.

Someone I know! purchased a Morris Minor from a mate (well at least the V5, as the car had been scrapped years ago), after two years of not having a private insurance policy he insured the Morris, which was dirt cheap to insure on a normal policy, think from memory he paid £100 to insure it for a year, this kept his full NCD up to date. The cost of keeping the max NCD up to date averaged out to just over £30 a year...